Daimler accelerates reverse enquiry

On Tuesday, German car manufacturer Daimler converted a couple of reverse enquiries into an order book of around €600m, as investors showed renewed appetite for short dated fixed rate corporate bonds.

  • By Nigel Owen
  • 07 Sep 2017

UniCredit was the sole lead manager who received the initial investor enquiries, as investors said they had bought enough floating rate notes recently, so wanted to buy fixed rate bonds again.

A syndicate banker at UniCredit said the switch in demand was driven by the recent move ...

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All Corporate Bonds

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5 Barclays 98,747.37 444 4.34%

Bookrunners of Euro Denominated Corporate IG Bonds

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5 HSBC 18,800.79 89 5.79%

Bookrunners of European HY Bonds

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5 BNP Paribas 5,158.30 56 5.45%

Bookrunners of Dollar Denominated HY Bonds

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4 Goldman Sachs 23,500.21 166 7.54%
5 Barclays 20,380.66 139 6.54%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 26,467.48 131 6.34%
2 Deutsche Bank 26,020.82 93 6.23%
3 Barclays 25,912.14 118 6.21%
4 HSBC 25,614.26 122 6.14%
5 Citi 22,829.99 98 5.47%