• Property firms lock in funding ahead of holiday weekend

    Three Chinese property companies courted high yield dollar investors on Wednesday, raising a combined $827m.

    • 18 Apr 2019
  • Melco wins big on latest dollar deal

    Melco, the casino operator, played its US investor cards on Wednesday to build a $500m bond sale.

    • 18 Apr 2019
  • Trajectory bodes well for US banks’ Q2s

    Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.

    • 17 Apr 2019
  • Senvion takes DIP debt from bondholders and lenders

    Senvion, the wind power services company now locked in restructuring negotiations, said on Wednesday it had raised a €100m debtor-in-possession loan with existing bondholders and lenders.

    • 17 Apr 2019
  • Greece’s Intralot in covenant crisis as earnings disappoint

    Bonds of Intralot, the Greek gambling technology company, fell on Tuesday, after an earnings release that disappointed investors and confirmed that it was in breach of leverage covenants in its revolvers. High yield research firm Lucror Analytics argued that it was now ‘imperative’ for the company to renegotiate these terms.

    • 17 Apr 2019
  • Fair Oaks targets ESG principles for debut European CLO

    Fair Oaks Capital is planning to launch its debut European CLO this quarter, with deal documentation structured to comply with ‘environmental, social and governance’ (ESG) principles.

    • 17 Apr 2019
  • Bankers vow tougher checks as HNA subsidiary in suspected default shock

    HNA Group’s Hong Kong subsidiary, CWT International, appeared to default on a secured Hong Kong dollar loan on Wednesday. Although the company has had debt problems in the past year, many bankers were still surprised by the default and said more thorough background checks will be carried out on Chinese borrowers in future. Pan Yue reports.

    • 17 Apr 2019
  • Investors show everlasting love for perpetuals

    SMC Global Power Holdings Corp (SMCGP) sold a rare perpetual bond on Tuesday, proving that investors still like the format and the rarity of a Philippines credit.

    • 17 Apr 2019
  • Less experienced issuers miss good conditions by backloading

    Despite the very attractive conditions in Europe's corporate bond market in recent weeks, some less regular issuers have missed out on them because they were scared off by the rough markets at the beginning of the year.

    • 17 Apr 2019
  • Formosa China, Vietnam units make loan comeback

    Two subsidiaries of Taiwan’s Formosa Plastics Corp are in the syndicated loan market raising a China onshore facility and an offshore deal respectively.

    • 17 Apr 2019
  • Trinitas opts for CLO refi over reset

    A CLO reset caught in the crossfire while fourth quarter rates volatility ushered havoc into fixed income markets has at last been refinanced via arranger Natixis, which priced the deal earlier in the week.

    • 16 Apr 2019
  • Full plate for Nochu drives managers to pre-crisis deal structures

    CLO anchor investor Norinchukin Bank is said to be looking at a full calendar of deals in the next two months, leaving some managers not on the Japanese bank’s list planning to revive structures not seen since before the last crisis in a bid to drum up interest and improve the arbitrage function of their CLOs.

    • 16 Apr 2019
  • David Slade to take over UBS's combined DCM and levfin ops in EMEA

    UBS has reorganised its debt capital markets business, following the decision of global head Amir Hoveyda to step down from his role. It will merge leveraged finance and DCM, with David Slade heading the combined group in EMEA.

    • 16 Apr 2019
  • Capital markets need an Extinction Rebellion

    Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.

    • 16 Apr 2019
  • Warner Music raises €195m in tap for refi

    Warner Music Group has launched a €195m add-on to its 2.625% 2026 notes, originally printed as a €250m deal as the market deteriorated in October last year. It plans to use the new funds to refinance its 2022 notes.

    • 16 Apr 2019
  • Banks join Inmarsat buyout ahead of deadline

    More banks have joined the acquisition loan for the Triton consortium’s buy-out of UK-based satellite tech provider Inmarsat, ahead of Tuesday’s deadline to make a firm offer for the company.

    • 16 Apr 2019
  • HNA Hong Kong subsidiary suffers loan default

    CWT International, a Hong Kong-listed subsidiary of cash-strapped HNA Group, has defaulted on a HK$1.4bn ($179m) loan.

    • 16 Apr 2019
  • US investors back Shriram again

    Shriram Transport Finance Co turned to US investors on Monday to help seal a $500m high yield bond, just weeks after selling a $400m Reg S trade.

    • 16 Apr 2019
  • Chinese property firms extend dollar run

    Three Chinese property companies raised a combined $1.625bn from international bond sales on Monday, continuing the flow of high yield paper into the offshore market.

    • 16 Apr 2019
  • S&P goes its own way on ESG ratings

    Enel and NextEra Energy have, on a pilot basis, become the first companies to obtain one of S&P Global’s new ESG Evaluations. The product, launched last week, takes S&P into direct competition with providers of ESG ratings like MSCI and Sustainalytics — and with Moody’s, which a few days after S&P’s launch acquired Vigeo Eiris, the French-based ESG rating firm.

    • 16 Apr 2019
  • Voya, KKR CLOs best evaded post-crisis loan defaults

    In an analysis of CLO managers’ holdings of distressed loans since the financial crisis, a team of analysts at JP Morgan found that Voya and KKR were the top managers for selling loans that later became distressed at the highest spread versus their eventual recovery price.

    • 15 Apr 2019
  • S&P to ease CLO and CDO ratings methodology

    S&P Global Ratings has announced that it intends to recalibrate its CLO ratings tools to better account for years of performance data that show the firm’s models predicted more defaults than have occurred across CLO and CDO asset classes.

    • 15 Apr 2019
  • Europcar seeks cost cuts with €450m refi

    Europcar has launched a €450m high yield bond to refinance its 2022s and likely cut coupon costs, as yields have come down for senior unsecured debt amid a dearth of bond supply.

    • 15 Apr 2019
  • Trafigura seeks bondholders’ backing to rescue stricken zinc maker Nyrstar

    Nyrstar, the zinc and lead mining and processing firm, has reached a deal with some of its creditors in which Trafigura, the commodities trader that owns a 25% stake, could take the whole firm private following a scheme of arrangement.

    • 15 Apr 2019
  • Moody's buys Vigeo Eiris in drive for ‘global standard’ on ESG

    Moody’s has acquired a majority stake in Vigeo Eiris, the environmental, social and governance research and ratings provider, as the credit rating agencies move increasingly into the area of ESG investing. The announcement comes just days after S&P Global launched its new ESG Evaluation product.

    • 15 Apr 2019
  • Catalent buys Paragon in hot gene medicine market

    The US’s Catalent will buy Paragon Bioservices in a debt and equity financed $1.2bn deal, as consolidation in the gene therapy market builds pace.

    • 15 Apr 2019
  • Yuyao LGFV rounds off busy week for bonds with $100m

    Yuyao Shuncai Investment Holding Co returned to the market for its second dollar bond sale on Friday, raising $100m from the quick trade to cap of a busy week of new issuance.

    • 15 Apr 2019
  • Juneyao flies abroad for HK$1.8bn debut

    China’s Juneyao Airlines is tapping the offshore loan market for its debut borrowing of HK$1.8bn ($229m).

    • 15 Apr 2019
  • Aoyuan raises $162m from four banks

    China Aoyuan Group has received a $162m-equivalent three year secured loan from four lenders.

    • 12 Apr 2019
  • Vedanta digs for $1bn dual tranche deal

    Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.

    • 12 Apr 2019
  • Founder Group squeezes price for dollar bond

    Peking University Founder Group Co has raised $300m from an ultra-tight bond.

    • 12 Apr 2019
  • Winson pays up for $180m refi

    Hong Kong oil trading business Winson Group is paying up for an up to $180m secured revolving credit facility.

    • 12 Apr 2019
  • Italmatch in €200m HY to refi BWA

    Italmatch, a chemical additives company owned by Bain Capital, has announced a €200m add-on to its €410m senior secured floating rate note, to repay the acquisition debt it took on to buy BWA Water Additives.

    • 11 Apr 2019
  • Expected recovery rates for US lev loans fell in 2018

    A study released by Fitch Ratings on Thursday showed that first-lien leverage ratios rose by a half-multiple between 2017 and 2018, a factor which the ratings agency said would reduce recovery rates in the event of a distress scenario.

    • 11 Apr 2019
  • IMF warns on risks to corporate sector debt

    The creditworthiness of corporate borrowers in advanced economies has deteriorated while the volume of debt and financial risk taking has risen, the International Monetary Fund has warned. It also flagged up concerns about the sovereign-bank nexus in the eurozone and about market conditions for low income and frontier countries.

    • 11 Apr 2019
  • Firm loan market looks ahead as LBOs line up

    European leveraged finance loan investors are undersupplied. But this is unlikely to last for too long, as several buyouts are making their way towards the market. Banks are lining up financings to support auctions for Nestlé Skin Health, VFS Global and Elior Concessions, while the takeovers of Scout24 and RPC are nearing.

    • 11 Apr 2019
  • People moves in brief

    Diamond hires ex-colleague at Atlas — Salorio leaves DCM head vacancy at Soc Gen — Forese to retire from Citi

    • 11 Apr 2019
  • Ineos cuts costs with €770m 2-handle refi

    Ineos, with a split high yield/investment grade rating, announced a drive-by €770m seven year non-call three bond issue on Monday, refinancing its 4% 2023 bond of the same size.

    • 11 Apr 2019
  • SocGen promotes Salorio to UK global finance head

    Société Générale has appointed Demetrio Salorio, its global head of debt capital markets, as UK head of global finance, replacing Alvaro Huete.

    • 11 Apr 2019
  • Carmignac launches new unconstrained credit fund

    Carmignac Gestion is launching an unconstrained credit fund, to be managed by Pierre Verlé and Alexandre Deneuville, both managers with high yield experience.

    • 11 Apr 2019
  • KMW joins mid-market loan jamboree

    German defence firm Krauss-Maffei Wegmann (KMW) has signed a €350m loan, amid a wave of mid-market activity in the European loan market.

    • 11 Apr 2019
  • Deutsche preps loan for buyout of French insurance broker April

    Banks are marketing the €550m acquisition loan for CVC’s take-private of French insurance broker April, led by Deutsche Bank as sole physical bookrunner.

    • 11 Apr 2019
  • Nomura cuts US investment bankers in revamp

    Nomura has put at risk a number of senior bankers in its Americas investment banking operation and refurbished its management team as part of a $1bn plan to cut costs. Senior names in M&A, leveraged finance, Latin America and risk solutions are leaving.

    • 11 Apr 2019
  • JSW Steel returns to dollar market after two years

    India’s JSW Steel raised $500m in an opportunistic transaction on Wednesday, marking the company’s first dollar bond in two years.

    • 11 Apr 2019
  • European Commission study sees no collusion in LBO market

    A study presented to the European Commission on competition in European loan syndication found no evidence of collusion and no need for further investigations. Indeed, for most bankers, the balance of power seems so tilted to borrowers that it has helped erode deal documents and yields in recent years.

    • 10 Apr 2019
  • Corporate bond investors 'back in jail'

    There is some evidence of investors in the European corporate bond market becoming more price-sensitive this week, with some books shrinking in response to spread tightening. But it is not enough to make hard-pressed investors feel relieved.

    • 10 Apr 2019
  • Macquarie hires levfin head for EMEA

    Macquarie Capital is hiring a UK co-head, as well as a head of leveraged finance for Europe, the Middle East and Africa.

    • 10 Apr 2019
  • 21Vianet prices $300m bond to fund tender

    Chinese internet data centre provider 21Vianet Group raised a $300m note on Tuesday after bondholders agreed to tender over half of an old $300m bond that will become puttable in a few months.

    • 10 Apr 2019
  • Carlyle prices second CLO reset of 2019

    Barclays on Monday priced a reset for a 2012 CLO managed by Carlyle Group, extending the deal with a new five year reinvestment period and stated maturity of 2032.

    • 09 Apr 2019
  • Glencore, Telecom Italia shrug off price breaks

    After issuing a £500m seven year bond in March, Glencore repeated the performance, this time in the euro market. It issued a €500m 7.5 year bond that achieved a similar book size and price tightening. Telecom Italia also issued for the second time this year, after losing its Fitch investment grade rating on Friday.

    • 09 Apr 2019
  • Senvion amends bonds, protects itself with self-administration

    Senvion, the wind turbine manufacturer, has placed itself in administration, an arrangement it hopes will enable it to keep trading while it negotiates with bondholders and other creditors ahead of a full debt restructuring.

    • 09 Apr 2019
  • Ugly Etihad bonds get uglier as Jet defaults

    Highly structured bonds backed by loans to airlines in which Abu Dhabi state airline Etihad holds a stake suffered another blow on Monday, as Jet Airways became the third obligation backing the bonds to default. Debt to Alitalia and Air Berlin, also affiliates of Etihad, already defaulted in 2017 and 2018, respectively.

    • 09 Apr 2019
  • China property bond surge brings in more than $3bn

    Three Chinese property companies battled in the primary market on Monday with competing supply. While high yield issuers have been able to sell bonds at ultra-tight prices of late, the weight of supply has started to force issuer’s to pay more to borrow.

    • 09 Apr 2019
  • Citychamp eyes $150m debut loan through Hang Seng

    Hong Kong’s Citychamp Watch & Jewellery Group has launched a debut offshore borrowing with a $150m three year facility.

    • 09 Apr 2019
  • TowerBrook and Lippmann’s LibreMax open new CLO equity shop

    US asset manager LibreMax is teaming up with investment management firm TowerBrook to form a fund that will invest in equity tranches of deals issued by LibreMax’s CLO platform Trimaran, a firm it acquired in December 2018.

    • 08 Apr 2019
  • Anemic second quarter expected for leveraged loans

    New leveraged lending dropped in every category from figures in the same period of last year, according to data published through the Loan Syndication and Trading Association (LSTA) at the end of last week.

    • 08 Apr 2019
  • Axa fund ditches euro CLO debt

    Axa Investment Management’s Volta Finance fund cut its euro CLO debt exposure to zero over the six months to the end of January, while boosting its buying of CLO equity tranches, hoping to benefit from reinvesting during a period of loan market dislocation.

    • 08 Apr 2019
  • HY heats up as Ineos and Italmatch mandate

    The undersupplied European high yield market saw a strong start on Monday, as banks announced new deals from Ineos and Italmatch.

    • 08 Apr 2019
  • McKay Securities moves to syndicated borrowing

    The UK’s McKay Securities has signed a £180m revolving credit facility, with the office and industrial REIT switching its bilateral loans for a bigger syndicated deal.

    • 08 Apr 2019
  • Nomura jobs 'carnage' hits MENA chairman, capital solutions, converts

    The executive chairman of Nomura’s Middle East and North Africa business is among those set to leave the firm as part of a big restructuring. Senior bankers in EMEA capital solutions and convertibles are at risk of redundancy

    • 08 Apr 2019
  • HSBC equity-linked banker crosses floor to financial sponsors

    An equity-linked banker at HSBC in London has moved to a new role within the bank.

    • 08 Apr 2019
  • Xinyuan builds sky high coupon as investors swamped

    Xinyuan Real Estate Co priced a $200m bond that came with a 14.2% coupon, as heavy supply continues to weigh on the Chinese high yield real estate bond market with both new issue concessions and secondary performance suffering.

    • 08 Apr 2019
  • CIFC’s Wriedt moves to DFG

    Oliver Wriedt, former co-CEO of CIFC Asset Management, is joining DFG Investment Advisers as CEO while the firm rebrands with the intent of growing its existing CLO and structured product businesses.

    • 04 Apr 2019
  • People moves in brief: April 5, 2019

    SG hires UK global markets head — Former financials bankers look to create bond platform — Credit Suisse hires for securitization sales

    • 04 Apr 2019
  • Loxam squeezes senior-sub split with twin tranche refi

    Loxam, the France-based equipment rental company, refinanced a secured and subordinated high yield bond with a twin tranche new issue this week, cutting its funding costs, the spread between the tranches, and showing the strength of the bid for subordinated paper.

    • 04 Apr 2019
  • String of senior names leave Barclays

    A number of important bankers have quit Barclays. The exodus follows the departure of Tim Throsby, chief executive of Barclays International and Barclays Bank, and staff receiving their annual bonuses.

    • 04 Apr 2019
  • Boxing clever: Ifco breaks 400bp barrier

    The acquisition debt for Ifco, the spinout plastic boxing business of Australian logistics firm Brambles, will come inside the 400bp barrier some market participants see as crucial to bringing in CLO demand.

    • 04 Apr 2019
  • Cautious carbon firm seizes chance to cover convert payment

    SGL Carbon issued a €250m senior secured five year on Wednesday, allowing the carbon and graphite materials firm to repay a convertible maturing next year. Despite the issuer’s chequered past, the deal saw huge demand — but the company’s decision to lock in funding now suggests tough times ahead.

    • 04 Apr 2019
  • ICG hires former Carlyle buyout director

    ICG has hired Zeina Bain, a former managing director from Carlyle’s European buyout team. Bain is joining ICG’s European subordinated debt and equity team.

    • 04 Apr 2019
  • Sound Point, Bardin Hill and PGIM brave arb anguish with euro CLOs

    Sound Point, Bardin Hill and PGIM are working on European CLOs, despite consistent complaints around the available arbitrage for CLO equity. The deals are from warehouses still being cleared from 2018, according to an investor.

    • 04 Apr 2019
  • Market balks at Future Land’s dollar bond

    Future Land Development Holdings’ new dollar bond crashed in the secondary market on Thursday, following an aggressively priced deal the day before. Rival bankers questioned both Future Land's pricing and the timing.

    • 04 Apr 2019
  • MMC closes on new notes as part of tender offer

    Mongolian Mining Corp raised $440m with a new 2024 bond this week, in a sale that ran in tandem with a tender offer for the coking coal producer’s two existing dollar bonds.

    • 04 Apr 2019
  • Hyderabad Airport compromises on bond return

    GMR Hyderabad International Airport sold its second dollar bond this week with both the size of the transaction and the pricing falling below expectations.

    • 04 Apr 2019
  • Xinjiang LGFV secures funds for refi

    Xinjiang Transportation Construction Investment Holding Co, a local government financing vehicle (LGFV), priced a modest $160m on Wednesday to refinance an upcoming maturity.

    • 04 Apr 2019
  • SGL Carbon prints HY to cover convert payment

    SGL Carbon issued a €250m senior secured five year on Wednesday, allowing the carbon and graphite materials firm to repay a loan and a convertible bond.

    • 03 Apr 2019
  • Axilone looks to take out second lien, also switch terms

    Axilone, the beauty product packaging firm, has launched an add-on to its first lien term loan. The money will be used to refinance the second lien debt it took out in January 2018, to part-fund its buyout by Citic Capital.

    • 03 Apr 2019
  • Spanish wind financing gets S&P’s highest green praise

    A €170m bridge facility for Spain’s Coronation Holdco Renovables has received the highest ranking from S&P Global’s green evaluation overview.

    • 03 Apr 2019
  • Corporate bull run squeezes both ends of the curve

    The strength of demand in Europe's corporate bond market this week is showing itself in avid appetite for longer term and higher risk bonds, as investors hunt out yield against a background of low rates. But, somewhat surprisingly, there is also a rampant bid for short term, high quality paper.

    • 03 Apr 2019
  • New Century taps onshore and offshore market for HK$2bn

    China's New Century Real Estate Investment Trust is tapping onshore and offshore loan markets for its latest deal.

    • 03 Apr 2019
  • Ghattas gets Apac financing and solutions co-head job at Deutsche

    Deutsche Bank has promoted Haitham Ghattas to co-head of its financing and solutions group in Asia Pacific, following Jake Gearhart’s relocation to the US.

    • 03 Apr 2019
  • C&W changes tune with secured bond six days after unsecured

    Telecoms company Cable & Wireless returned to bond markets on Tuesday, less than a week after it tapped its senior unsecured 2027 bonds, with a new senior secured bond with a similar maturity.

    • 03 Apr 2019
  • Elis taps into yield-hungry market with €500m double-B

    Elis, the French workwear and laundry group, took advantage of a corporate bond market eager for yieldy paper on Tuesday by issuing a €500m five year high yield bond that found a friendly reception.

    • 02 Apr 2019
  • LMA calls levloan-subprime comparison ‘superficial’

    There is comparatively less systemic risk in leveraged loan CLOs than in the subprime crisis-era sector, representatives from both the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) agreed while speaking at an IMN conference panel on Tuesday. Credit risks for the sector remain, however.

    • 02 Apr 2019
  • Fiat Chrysler amends revolver amid loan market resurgence

    Fiat Chrysler Automobiles has extended the maturity of its €6.25bn syndicated bank facility, as loan market activity picks up at the beginning of the second quarter.

    • 02 Apr 2019
  • Vinmec launches $300m into general after attracting five during senior syndication

    Vinmec International General Hospital, a subsidiary of Vingroup, has launched a $300m deal into general syndication after receiving commitments from five banks during senior syndication.

    • 02 Apr 2019
  • JP Morgan private equity placement head joins boutique

    Broor Spahr van der Hoek is joining Arma Partners, leaving his role at JP Morgan as head of private placements and growth capital business for clients in Europe, the Middle East and Africa. The advisory boutique wants to develop its private capital offering as a complement to M&A services; it sees this form of financing as an increasingly relevant option for firms before they go public or are bought up.

    • 02 Apr 2019
  • Kaisa, Jingrui nab funds in post-earnings bond rush

    Chinese real estate companies Kaisa Group Holdings, Jingrui Holdings and China SCE Group Holdings came to the market on Monday after announcing strong financial results for 2018 last week, raising $900m between them.

    • 02 Apr 2019
  • Five provide £1.5bn for EPF, PNB Battersea Power Station acquisition

    Two Malaysian state-backed funds, Employees Provident Fund and Permodalan Nasional Berhad, have raised a £1.5bn ($1.96bn) three year bullet loan to support their acquisition of part of the Battersea Power Station development in London.

    • 02 Apr 2019
  • Managers, arrangers sweeten the pot to push CLOs across the finish line

    Nearly $4.5bn of new CLO debt was issued last week, making it the busiest week of the year for the primary market, and several billions more is already in the pipeline. But investors report that the market is still finding its footing on pricing, and they continue to look for more bells and whistles before buying into a given deal.

    • 01 Apr 2019
  • Loxam launches twin tranche refi

    Loxam, the France-based equipment rental company, is refinancing a secured and subordinated high yield bond with a twin tranche new issue this week.

    • 01 Apr 2019
  • MasMovil raises €1.45bn loan to buy back convert

    Spanish telecoms provider MasMovil said on Monday that it had raised a €1.45bn seven year term loan to buy back a convertible bond subscribed by Providence Equity, one of the group’s anchor shareholders.

    • 01 Apr 2019
  • Berry boosts banking group for RPC buyout

    Berry Global said on Monday that it has added more banks to the financing for its purchase of UK packaging group RPC, one of the year’s hotly anticipated new money leveraged loans.

    • 01 Apr 2019
  • Chailease returns for $150m dual tranche borrowing

    Taiwan’s Chailease Holding Co has returned to the offshore loan market raising $150m, after a three year absence.

    • 01 Apr 2019
  • Investors, bankers call for wider China bond roadshows

    Chinese issuers have become too focused on Hong Kong when marketing their dollar bonds, panelists at Euromoney's China Debt Capital Markets Summit said last week.

    • 01 Apr 2019
  • Perella Weinberg hires Goldman bankers

    Clinton Ray and Guy Morgan are joining Perella Weinberg Partners from Goldman Sachs to advise on restructurings.

    • 01 Apr 2019
  • UK resets date for Brexit Bond launch

    The UK’s new Brexit Bond Management Office is still preparing to issue its first notes, originally scheduled for last Friday. The Brexit-themed Gilts are sized at £36.4bn, equivalent to £350m a week over their two year maturity.

    • 01 Apr 2019

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,134.09 17 7.63%
2 Goldman Sachs 2,807.00 13 6.84%
3 Bank of America Merrill Lynch 2,528.72 11 6.16%
4 Citi 2,239.46 7 5.45%
5 Credit Agricole CIB 2,223.61 14 5.42%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,571.85 12 9.08%
2 Deutsche Bank 1,337.93 10 7.73%
3 BNP Paribas 1,305.75 15 7.54%
4 Goldman Sachs 1,225.64 11 7.08%
5 Citi 1,208.83 11 6.98%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,429.53 69 10.49%
2 Citi 8,913.64 63 9.92%
3 Bank of America Merrill Lynch 6,050.36 46 6.73%
4 Goldman Sachs 5,765.16 41 6.41%
5 Morgan Stanley 5,492.04 36 6.11%