Latest high yield corporate bond news
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Jiayuan secures $225m from rare Friday outing
China's Jiayuan International Group made any unusual move by coming to the bond market on Friday last week, for the refinancing of a November maturity.
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Rubicon Infrastructure hires pair to expand into UK
Irish boutique investment bank Rubicon Infrastructure Advisors has hired two bankers with over 40 years of experience to expand its business into the UK.
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Recordati HY bond wins over global vol
Milanese pharmaceutical firm Recordati was out with its CVC buyout funding this week — a €1.3bn bond, in a European high yield market that has mostly ignored Italy’s political fights. But on Thursday, volatility went global and investors started pressing for concessions. Recordati went ahead regardless, and priced on guidance.
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China Fortune Land taps for $70m
China Fortune Land Development Co added $70m to its existing 2020 bonds in a quick tap this week.
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Euro levfin primary steady amid Italian noise
Investors in speculative grade debt are joining the discussion about the potential conflict over fiscal policies between Italy and the European Commission. But the leveraged finance markets are still keeping busy.
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Italy the biggest factor for corporate bond investors
Corporate bond markets have enjoyed a good run since returning from the summer break. But for the first time since then, an external problem is causing turbulence. The Italian budget has become a live factor in market participation for buyers.
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Maoye taps market for additional $100m
Robust investor demand and reverse enquiry propelled Maoye International Holdings to make a rapid comeback to the bond market with a tap of its September issuance.
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Euro HY shrugs off Italy budget clash, but some fear complacency
The European high yield market appeared unfazed by the spike in Italian risk despite its heavy exposure, with calm secondary trading and Italian names daring to roadshow for new bonds.
Go to GlobalCapital's Corporate Bonds data pages for the latest information on priced deals, the new issue pipeline and bookrunner league tables across the investment grade and high yield markets.
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Bank Profiles
Latest news by market and league table performance
All Corporate Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Bank of America Merrill Lynch | 109,632.18 | 468 | 5.99% |
| 2 | JPMorgan | 105,984.51 | 486 | 5.79% |
| 3 | Citi | 86,586.87 | 463 | 4.73% |
| 4 | Barclays | 76,702.28 | 310 | 4.19% |
| 5 | Goldman Sachs | 71,515.07 | 288 | 3.91% |
Bookrunners of Euro Denominated Corporate IG Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 24,034.59 | 107 | 8.83% |
| 2 | Deutsche Bank | 20,001.18 | 72 | 7.34% |
| 3 | SG Corporate & Investment Banking | 19,058.39 | 89 | 7.00% |
| 4 | UniCredit | 15,521.61 | 71 | 5.70% |
| 5 | HSBC | 13,969.93 | 79 | 5.13% |
Bookrunners of European HY Bonds
| Rank | Lead Manager | Amount €m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 4,861.86 | 36 | 7.48% |
| 2 | BNP Paribas | 4,648.08 | 55 | 7.15% |
| 3 | Deutsche Bank | 4,100.65 | 41 | 6.31% |
| 4 | JPMorgan | 3,756.57 | 41 | 5.78% |
| 5 | Credit Suisse | 3,528.42 | 38 | 5.43% |
Bookrunners of Dollar Denominated HY Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 19,016.51 | 146 | 10.22% |
| 2 | Goldman Sachs | 14,082.73 | 99 | 7.57% |
| 3 | Credit Suisse | 13,243.20 | 94 | 7.12% |
| 4 | Bank of America Merrill Lynch | 12,775.52 | 117 | 6.87% |
| 5 | Citi | 12,347.90 | 105 | 6.64% |
Bookrunners of European Corporate IG Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 25,669.81 | 109 | 6.14% |
| 2 | BNP Paribas | 24,179.70 | 104 | 5.79% |
| 3 | Barclays | 24,153.71 | 85 | 5.78% |
| 4 | Deutsche Bank | 22,215.53 | 89 | 5.32% |
| 5 | JPMorgan | 21,837.60 | 77 | 5.23% |
