Latest high yield corporate bond news
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Chinese duo keep Asian primary bond market alive
Local government-owned Shandong Guohui Investment Co made a quick comeback to the dollar bond market to raise $300m on Thursday, when its Chinese peer Qingdao Jimo District Urban Development Investment Co made its offshore debut.
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India’s Greenko finds window for quick bond sale
Greenko Energy Holdings skirted market volatility on Wednesday, seizing a rare opportunity to close a dollar deal.
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HY market grapples with tough turnarounds
With no major new issues in sight, the high yield bond market has been dominated by the news of troubled businesses struggling to come up with credible turnaround plans.
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Zhenro, Orient brave tumultuous market
Zhenro Properties Group returned to the dollar bond market for the seventh time this year on Tuesday, tapping one of its March transactions for an additional $110m. But the market presented a whole different set of problems for the borrower this time round.
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Brace for more Burford-style rows if QE ramps up
Burford Capital, the litigation funder, is under pressure over how it accounts for an obscure type of asset and how it finances its business using debt. In many respects it is a unique case, but it is a debacle fuelled by quantitative easing. With more of that on the way, pushing investors into ever more esoteric asset classes in the quest for yield, there will be plenty more businesses under scrutiny.
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A real summer break will do Asian bond market good
Volatility has hurt secondary spreads and primary deal flow in the Asian bond market but really it is no bad thing. A quiet month is just what the market needs after an overwhelming amount of supply so far this year.
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Excellence fills coffers with club deal
Excellence Commercial Properties Co made a quick outing to the dollar bond market on Friday, raising $150m in its second offshore debt sale of the year.
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Swissport trims notes, fattens up term loan as HY bond market turns murky
Swissport, the world’s largest provider of cargo and airport ground services,has increased the loan portion of its debt raise at the expense of bonds amid a volatile August market.
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 | JPMorgan | 91,192.05 | 449 | 5.83% |
| 2 | Citi | 83,372.35 | 426 | 5.33% |
| 3 | Bank of America Merrill Lynch | 80,651.89 | 414 | 5.15% |
| 4 | Barclays | 72,018.88 | 306 | 4.60% |
| 5 | Goldman Sachs | 59,875.46 | 292 | 3.83% |
Bookrunners of Euro Denominated Corporate IG Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Barclays | 20,638.21 | 54 | 8.44% |
| 2 | BNP Paribas | 16,514.56 | 94 | 6.75% |
| 3 | Deutsche Bank | 15,422.56 | 75 | 6.30% |
| 4 | SG Corporate & Investment Banking | 15,340.46 | 67 | 6.27% |
| 5 | Bank of America Merrill Lynch | 14,105.99 | 45 | 5.77% |
Bookrunners of European HY Bonds
| Rank | Lead Manager | Amount €m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 4,728.01 | 24 | 9.17% |
| 2 | JPMorgan | 3,649.83 | 29 | 7.08% |
| 3 | Deutsche Bank | 3,638.27 | 22 | 7.06% |
| 4 | Barclays | 3,441.80 | 22 | 6.68% |
| 5 | Goldman Sachs | 3,389.62 | 26 | 6.58% |
Bookrunners of Dollar Denominated HY Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 18,847.11 | 143 | 9.46% |
| 2 | JPMorgan | 18,162.36 | 146 | 9.11% |
| 3 | Goldman Sachs | 14,831.56 | 109 | 7.44% |
| 4 | Bank of America Merrill Lynch | 14,255.85 | 117 | 7.15% |
| 5 | Morgan Stanley | 12,912.93 | 86 | 6.48% |
Bookrunners of European Corporate IG Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 16,573.16 | 92 | 5.72% |
| 2 | SG Corporate & Investment Banking | 15,343.03 | 70 | 5.29% |
| 3 | Barclays | 15,274.25 | 63 | 5.27% |
| 4 | JPMorgan | 15,018.24 | 65 | 5.18% |
| 5 | Citi | 14,456.99 | 66 | 4.99% |
