• Eppf hails revolution in European private debt with smart n-bond launch

    Dutch agency BNG via DZ Bank has placed the first ‘smart n-bond’, a Namensschuldverschreibung (NSV) issued through the digital platform, European private placement facility (eppf). Participants hailed this transaction as a step towards a functioning pan-European private placement market.

    • 17 Jun 2019
  • Rail Cargo Austria rolls into Schuldschein market

    Rail Cargo Austria, the railway cargo subsidiary of Austrian railways operator ÖBB Holding, entered the Schuldschein market on Monday for a minimum of €100m.

    • 17 Jun 2019
  • Jinmao prices five year despite low exchange rate

    Property developer China Jinmao Holdings Group priced a $250m deal last week, including $145m of new money, as part of an exchange offer that had a participation rate lower than 20%.

    • 17 Jun 2019
  • BNP Paribas veteran to retire

    A long-standing capital markets practitioner is leaving BNP Paribas.

    • 14 Jun 2019
  • PowerChina lights up new dollar perp

    Power Construction Corp of China has raised $800m from a dual-tranche offering that keeps senior perpetual supply from Chinese state-owned enterprises (SOEs) alive.

    • 14 Jun 2019
  • Bragging rights available: first ESG-linked bond

    Bond-market alpha types may find it galling when the fusty old loan market can teach them an innovative new structure. And yet, that may be about to happen.

    • 13 Jun 2019
  • BNP Paribas picks new US PP head

    BNP Paribas has hired a banker from SMBC to fill the vacant position of head of US private placements.

    • 13 Jun 2019
  • ChemChina shifts focus from size to price

    China National Chemical Corp (ChemChina) surprised the market with a change in strategy for its latest bond offering this week. High profile as always, the state-owned company’s four-tranche transaction was smaller in size, but tighter in price. Addison Gong reports.

    • 13 Jun 2019
  • Electrocomponents enters the US PP market

    Electrocomponents, an industrial and electronics distributor headquartered in London, has entered the US private placement market to refinance existing notes, according to sources in the market.

    • 13 Jun 2019
  • Czornik returns to JP Morgan as Germany M&A head

    JP Morgan has hired Patrik Czornik to lead its M&A team for Germany. Czornik used to work for the bank in the past but then joined Goldman Sachs.

    • 12 Jun 2019
  • Temasek’s Azalea serves up bigger, better Astrea V

    Temasek Holdings and its wholly-owned Azalea Asset Management this week brought out Astrea V, the latest collateralised fund obligation (CFO) backed by cash flow generated from private equity funds, finding an even better response than their last outing.

    • 12 Jun 2019
  • SIPG trade a blowout with $10.7bn book

    An order book that was more than 15 times covered allowed first-time issuer Shanghai International Port (Group) Co to not only beat its price target in the primary market, but also see its $700m bonds perform well in secondary.

    • 12 Jun 2019
  • Debtdomain’s founder leaves firm for new venture

    Sean Tai has left Debtdomain, the company he founded, to start a new venture, according to several sources with knowledge of the situation. Debtdomain is still willing to take on the challenge posed by new digital platforms in the Schuldschein market, according to Tai’s replacement as global head of business development.

    • 12 Jun 2019
  • PFC raises $1bn in first post-acquisition bond

    India’s Power Finance Corp sold a $1bn dual-tranche deal on Tuesday, its first offshore bond outing since its acquisition of REC at the end of March.

    • 12 Jun 2019
  • Schuldschein market awaits investor appetite for sustainability-linked notes

    Schuldschein lenders are getting their first taste of environmental social governance (ESG) interest-linked notes next week, as Dürr takes its final orders on a transaction linked to its sustainability performance. According to several participants the trade has so far gone well, and will likely spark further Schuldschein borrowers using this new structure.

    • 11 Jun 2019
  • Houlihan hires Collinson for consumer products

    Michael Collinson has joined Houlihan Lokey as a managing director to lead its consumer products efforts in Europe. He comes from William Blair.

    • 11 Jun 2019
  • Umicore sign of Europe's PP comeback

    Umicore, a Belgian materials technology and recycling group, has sold US private placements via MUFG, according to sources. Continental European borrowers appear to be ramping up activity in the US private placement market once more, with Umicore following Brussels Airport and Ipsen.

    • 10 Jun 2019
  • UBS hires ex-Altice strategist in French push

    UBS has hired Régis Turrini as head of France for corporate client solutions.

    • 07 Jun 2019
  • Trevor Neilson radioed in for MUFG’s TMT coverage

    Mitsubishi UFJ Financial Group has appointed a banker from Santander to lead its sector coverage for the technology, media and telecommunications (TMT) industries in Europe, the Middle East and Africa.

    • 07 Jun 2019
  • PP: Live Data

    Please see below.

    • 07 Jun 2019
  • China IG basks in demand as LGFV supply dims

    The reception for Guangdong Energy Group’s dollar bond debut this week clearly showed the pent-up demand for investment grade names from China, but a question mark hangs over the supply forecast for government-owned issuers — particularly local government financing vehicles (LGFVs). Addison Gong reports.

    • 06 Jun 2019
  • SSD agents urge price widening

    Schuldschein arrangers have been telling prospective borrowers to make spread ranges more attractive for lenders, if they would like the full attention of the market. With over 20 deals in the market, smaller lenders have to choose which credits to work on, often at first glance — and will be far more likely to ignore any borrower that does not offer good margins.

    • 05 Jun 2019
  • Debutant Guangdong Energy powers up with eight times demand

    Investors piled into Guangdong Energy Group’s inaugural offshore bond issue, allowing the single-A rated power supplier to price the trade from an over eight times covered order book.

    • 05 Jun 2019
  • JPM aims to build tech offering by doubling leadership

    JP Morgan has appointed Xavier Bindel as co-head of technology investment banking for Europe, the Middle East and Africa, as it seeks to improve its capabilities in a brisk area of business.

    • 03 Jun 2019
  • French Ipsen debuts in US PP market

    French pharmaceutical firm Ipsen is holding a roadshow for possible US private placement notes this week, according to market sources.

    • 03 Jun 2019
  • Soc Gen moves Perreault to France M&A head

    Société Générale has hired a new head of M&A for France, replacing Alexandre Courbon. Two bankers have also been appointed to lead the diversified industries sector.

    • 03 Jun 2019

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63,638.20 320 5.50%
2 Citi 61,594.87 312 5.32%
3 Bank of America Merrill Lynch 58,102.24 302 5.02%
4 Barclays 52,575.66 225 4.54%
5 Morgan Stanley 43,529.34 258 3.76%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 15,876.49 41 8.34%
2 SG Corporate & Investment Banking 13,019.90 51 6.84%
3 BNP Paribas 11,878.71 66 6.24%
4 Deutsche Bank 11,724.81 58 6.16%
5 Citi 11,357.77 51 5.97%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.44%
2 Citi 2,605.77 18 7.40%
3 BNP Paribas 2,567.12 24 7.29%
4 JPMorgan 2,467.56 18 7.01%
5 Goldman Sachs 1,928.73 16 5.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,711.91 110 9.94%
2 Citi 12,738.91 102 9.24%
3 Goldman Sachs 9,904.15 73 7.18%
4 Bank of America Merrill Lynch 9,863.78 84 7.15%
5 Morgan Stanley 8,144.98 61 5.90%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 12,394.33 52 5.61%
2 Citi 11,958.92 50 5.42%
3 BNP Paribas 11,494.66 63 5.21%
4 Barclays 10,331.55 45 4.68%
5 JPMorgan 10,244.52 43 4.64%