U.S. leveraged loan volume has increased about 15% this year, while high-yield bond volume dropped about 32% as compared with the same time period last year, according to data collected by Dealogic. There has been about $395.6 billion in U.S. leveraged loans as of Sept. 27 as compared with $344.3 billion for just about the same time period last year. There have been 1,324 loan deals this year and 1,416 in the same time period last year. U.S. high-yield bond volume is down 32% to about $56.5 billion this year from $83.3 billion last year. There have been just 197 deals, down from 300 during the same time period last year.
JPMorgan leads the overall bookrunner volume for leveraged loans and high-yield bonds with 93 deals. The bank also leads the leveraged loan league tables with 85 deals for about $85.2 billion in volume.
Bank of America is second overall with 81 deals and leads the high-yield bonds league table with $8.9 billion in volume through nine deals. B of A is second in leveraged loans with 72 followed by
Citigroup with 46 deals. On the bond side, JPMorgan has done eight deals, Citigroup seven and
Deutsche Bank five. Rounding out the list is
Wachovia Securities with 27 overall deals,
Credit Suisse First Boston with 25,
Lehman Brothers with 18,
Goldman Sachs with 17, and
Merrill Lynch and
UBS with 12 each.
