Latest high grade corporate bond news

  • Italian supermarket prices inside BTPs after Moody's reports on sector

    On Wednesday, Italian supermarket chain, Esselunga, became the first non-utility issuer to sell a benchmark corporate bond since Iliad’s €650m deal on October 5. The company’s debut deal saw one tranche priced at a lower yield than Italian government bonds.

    • 02:00 PM
  • Statnett debut taps into investor positioning

    Norwegian state owned grid operator, Statnett, priced its debut benchmark euro corporate bond on Wednesday, continuing the recent supply of utility issuers selling longer dated new issues.

    • 02:00 PM
  • Iren and Stedin keep the flow up as utilities hit six

    All four investment grade benchmark corporate bond deals that priced last week were from utilities. On Tuesday, Italian multi-services utility, Iren, and Dutch grid operator, Stedin, took the count to six.

    • 17 Oct 2017
  • Tesco and Verizon announce dual currency tender offers

    UK grocer Tesco and US telecoms company Verizon both announced tender offers for some of their outstanding bonds in euros and sterling. Tesco is offering to buy up to £700m equivalent, while Verizon will confirm the size of its repurchase once it has sold new euro and sterling bonds.

    • 16 Oct 2017
  • Mercada enjoys clear run at sub-benchmark debut

    Finnish property company, Mercada, was a lone issuer in the corporate bond market on Monday. Its €175m five year deal q was printed while issuers that completed roadshows last week paused.

    • 16 Oct 2017
  • RTE and WM Housing get good long Friday deals

    Corporate bond deals are often executed on Fridays to give issuers some space in crowded weeks. However, Friday was one the busiest days of this week, with both euro and sterling investors offered long dated deals to consider.

    • 13 Oct 2017
  • Northrop fires $8.25bn rocket as records tumble in dollar market

    Northrop Grumman and Wal-Mart printed the biggest deals in their history as event-driven dollar bond supply roared back to life following the Columbus Day holiday.

    • 12 Oct 2017
  • Utilities buyers kept busy with run of new issues

    In a busy week for utility company bonds Iren, the Italian electricity and gas distributor, on Tuesday announced a new benchmark green bond alongside a tender offer for some of its outstanding bonds.

    • 12 Oct 2017
  • Aroundtown sterling debut highlights market strength

    The sterling bond market is enjoying a golden age. That was in clear evidence this week when a German-focused property company with very few sterling assets to fund chose to sell its debut deal in the currency. Nigel Owen reports.

    • 12 Oct 2017
  • Folli Follie finds success in Swiss francs

    Unrated jewellery company Folli Follie debuted in the Swiss franc bond market on Wednesday, having failed in a previous attempt — a sign that retail buyers are becoming more receptive, market participants said.

    • 12 Oct 2017
  • Innogy gets upgraded, then sells super-tight green bond

    Innogy, the German utility split off from RWE in April 2016, on Wednesday announced it would be holding investor calls about a new benchmark 10 year debut green bond issue. Later in the day, Standard & Poor’s upgraded the issuer to BBB.

    • 12 Oct 2017
  • Tight A2A sub-benchmark highlights how investors are hunting yield

    On Wednesday, A2A became the second Italian utility this week to sell a 10 year new issue. The company achieved the current benchmark low single digit new issue premium for its €300m deal.

    • 11 Oct 2017

High grade corporate bond news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 142,092.90 622 7.06%
2 Bank of America Merrill Lynch 126,485.14 579 6.29%
3 Citi 113,573.09 601 5.65%
4 Goldman Sachs 93,896.79 395 4.67%
5 Barclays 89,036.16 395 4.43%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 24,789.49 114 8.93%
2 Barclays 21,105.51 82 7.60%
3 Deutsche Bank 18,530.93 78 6.68%
4 HSBC 16,938.83 77 6.10%
5 SG Corporate & Investment Banking 15,665.73 86 5.64%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,988.32 51 7.80%
2 Goldman Sachs 5,669.99 45 7.38%
3 Deutsche Bank 5,126.35 52 6.68%
4 Credit Suisse 4,633.16 52 6.03%
5 Barclays 4,263.74 37 5.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29,820.93 232 10.58%
2 Citi 23,746.29 188 8.42%
3 Bank of America Merrill Lynch 22,954.16 203 8.14%
4 Goldman Sachs 20,887.87 148 7.41%
5 Barclays 19,256.47 129 6.83%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 23,833.79 81 6.48%
2 HSBC 23,751.92 108 6.46%
3 Barclays 23,497.73 103 6.39%
4 BNP Paribas 23,234.24 113 6.32%
5 Citi 20,118.07 85 5.47%