Latest high grade corporate bond news

  • Basis swap move provokes sterling action

    The sterling corporate bond market has enjoyed its busiest two weeks of 2018 as a number of non-domestic funders decided the move in the cross currency basis swap to a five year high was too good to be ignored.

    • 12 Jul 2018
  • Aroundtown finds sterling route for all

    German property company Aroundtown raised funding in a fifth different currency of 2018 on Wednesday, when it saw an opportunity to issue corporate bonds more cheaply in sterling than in euros.

    • 11 Jul 2018
  • Honda and Toyota accelerate dollar supply in slow week

    Carmakers took advantage of a light calendar and an improving backdrop to reopen the dollar bond market after a week-long supply drought.

    • 12 Jul 2018
  • Investors clamour for cheap AA refinancing

    UK vehicle breakdown recovery and car insurance company the AA plc sold £550m ($726.63m) of new bonds on Tuesday as part of liability management exercise involving buying back existing debt and repaying a term facility, but it paid a juicy spread to get the deal done.

    • 11 Jul 2018
  • Peruvian gas distributor gets second upgrade of the year

    Gas Natural de Lima y Callao, the largest gas distribution company in Peru, has received its second rating upgrade of the year after Moody’s pushed the borrower up by one notch to Baa2.

    • 11 Jul 2018
  • Otto finds demand remains strong for unrated hybrid

    Unrated German mail order retailer Otto Group found plenty of demand for its debut hybrid bond on Tuesday. Order books were more than twice oversubscribed following a week-long roadshow.

    • 10 Jul 2018
  • Sole-led short dated FRNs the order of the day

    The corporate bond market started the week slowly with a pair of well rated German corporates selling two year floating rate notes on Monday. Both had just a sole lead manager.

    • 09 Jul 2018
  • Bankers get holiday blues over supply

    While Europe basks in a heatwave, the US dollar bond market is suffering a deal drought. There was no supply ahead of the July 4 Independence Day holiday and with syndicate desks likely to be depleted for the rest of the week, the dry spell could last until July 9.

    • 05 Jul 2018
  • Bpost finds high quality demand for debut delivery

    Belgian postal operator Bpost announced a debut benchmark eight year deal within 48 hours of finishing an investor roadshow and achieved a very high quality order book for an eight year bond.

    • 05 Jul 2018
  • Fresenius finds demand for its paper in rude health

    German healthcare company Fresenius this week opted to issue a €500m no-grow seven year trade following a roadshow, a choice which rewarded it with an order book that was more than five times subscribed.

    • 05 Jul 2018
  • Lietuvos Energija makes use of green credentials to price in tough market

    Lietuvos Energija on Tuesday made full use of its green credentials to price a €300m bond with a much smaller new issue concession than has been seen on the majority of recent new issues.

    • 04 Jul 2018

High grade corporate bond news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,765.54 355 5.94%
2 Bank of America Merrill Lynch 73,817.75 339 5.87%
3 Citi 61,589.09 349 4.89%
4 Barclays 58,496.99 217 4.65%
5 Goldman Sachs 49,974.90 202 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 17,866.32 77 9.40%
2 SG Corporate & Investment Banking 13,968.96 63 7.35%
3 Deutsche Bank 12,777.94 56 6.72%
4 UniCredit 10,772.24 46 5.67%
5 HSBC 10,482.96 60 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,365.73 40 7.14%
2 JPMorgan 2,943.35 32 6.24%
3 Deutsche Bank 2,871.30 26 6.09%
4 Credit Suisse 2,741.05 26 5.81%
5 Goldman Sachs 2,694.50 26 5.71%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,441.09 110 9.68%
2 Citi 10,547.56 89 7.59%
3 Goldman Sachs 9,401.85 75 6.77%
4 Bank of America Merrill Lynch 9,320.56 87 6.71%
5 Barclays 9,314.40 70 6.70%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 18,748.44 75 6.41%
2 Barclays 17,915.82 53 6.12%
3 HSBC 17,859.84 77 6.10%
4 Citi 15,926.05 64 5.44%
5 JPMorgan 15,336.16 53 5.24%