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

Rank Lead Manager Amount $m No of issues Share %
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3 Citi 103,683.75 539 5.66%
4 Goldman Sachs 85,888.86 353 4.69%
5 Barclays 81,514.46 357 4.45%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 22,951.77 105 8.80%
2 Barclays 19,796.44 75 7.59%
3 Deutsche Bank 17,736.38 73 6.80%
4 HSBC 15,843.10 70 6.07%
5 SG Corporate & Investment Banking 14,554.56 78 5.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,335.13 43 7.86%
2 Goldman Sachs 4,801.82 38 7.07%
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5 Barclays 4,156.24 35 6.12%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 27,143.08 213 10.83%
2 Citi 21,041.57 167 8.39%
3 Bank of America Merrill Lynch 20,960.58 186 8.36%
4 Goldman Sachs 18,419.20 133 7.35%
5 Morgan Stanley 17,410.41 103 6.94%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 22,628.04 74 6.64%
2 HSBC 22,246.60 98 6.52%
3 BNP Paribas 21,794.95 106 6.39%
4 Barclays 21,638.43 92 6.35%
5 Citi 19,224.66 78 5.64%