• ‘No casualties’ in HY despite bulky pipeline, say bankers

    More than €3.5bn of high yield bond deals in euros, sterling and dollars are scheduled to close this week. Although some bankers described the pipeline as crowded, they expect market digestion to be ‘healthy’ ahead of quieter times.

    • 05:00 PM
  • Amundi targets €300m levloan fund

    The speculative grade loan market is leading leveraged finance issuance in Europe again, as investors pour more cash into the asset class. This week, Amundi opened its new leveraged loans Europe 2018 fund for institutional investors.

    • 19 Apr 2018
  • Unilever Spreads displays €1bn LBO bond in market for all sizes

    After selling €4.6bn of loans in March, Unilever Spreads unveiled the €1bn high yield bond portion of its leveraged buyout funding package on Wednesday. But as well as jumbo deals, other borrowers with smaller offerings are also vying for investor attention.

    • 19 Apr 2018
  • SoftBank smooths IPO path with HY refi

    Japanese telecoms group Softbank opened the week in the European high yield market with a multi-billion refinancing deal to redeem its old 2013 bonds — and delete a covenant that could get in the way of its flotation.

    • 17 Apr 2018
  • Borrowers drive €3bn B train into ruffled market

    European high yield bond issuers roadshowed for seven lower rated new offerings this week, leaving behind the quiet of the post-Easter recess. What followed was a vigorous tug of war over pricing and terms in which bankers and investors claimed different victories.

    • 12 Apr 2018
  • Roaring direct lending funds Bertram

    Californian private equity firm Bertram Capital is combining its European portfolio company Anord Control Systems with UK firm Mardix. The move was funded in the direct lending market with a participation from arranger Barings.

    • 12 Apr 2018
  • Levfin investors welcome cooler market

    Demand for high yield bonds and leveraged loans has become patchy, fund managers say, after several months of heavy issuance.

    • 11 Apr 2018
  • Permira Debt Managers signs its seventh direct lending deal as market boom goes on

    This week, Permira Credit Solutions III (PCS3) signed its seventh investment this year, a credit line for the acquisition of Maxicoffee by Daltys. The direct lending market seems on course to surpass last year’s record numbers, said market sources.

    • 05 Apr 2018

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 5,236.90 23 6.25%
2 Goldman Sachs 5,129.09 18 6.12%
3 UniCredit 5,090.85 26 6.08%
4 Barclays 5,053.31 13 6.03%
5 BNP Paribas 4,910.75 20 5.86%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2,096.27 21 8.11%
2 BNP Paribas 2,008.60 22 7.77%
3 Goldman Sachs 1,760.56 17 6.81%
4 Credit Suisse 1,569.64 15 6.07%
5 Morgan Stanley 1,511.02 10 5.85%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,679.77 73 9.90%
2 Citi 6,785.07 56 6.94%
3 Bank of America Merrill Lynch 6,757.41 63 6.91%
4 Barclays 6,374.90 47 6.52%
5 Credit Suisse 6,011.71 44 6.15%