Latest high yield corporate bond news

  • Federal-Mogul develops taste for euro high yield

    US vehicle parts manufacturer Federal-Mogul cruised through its second fixed rate deal in the euro high yield market this week.

    • 23 Jun 2017
  • Kaisa puts history behind with exchange/new money priced

    Kaisa Group Holdings has priced the new money portion of an exchange offer, swapping old variable rate bonds with four new sets of fixed rate notes. While bankers on the deal said that the company achieved its goals with the liability management exercise, some away from the trade said the issuance size was smaller than expected.

    • 23 Jun 2017
  • Shimao bows to market turmoil, falls short of size goal

    China’s Shimao Property Holdings braved the volatile market on Thursday to close a $450m deal, but fell short of meeting its ambitions for a larger size.

    • 23 Jun 2017
  • Jinmao goes for price over size in choppy market

    China Jinmao Holdings Group sold a senior perpetual bond in a busy market on Thursday, and against a weak market backdrop after reports that the China Banking Regulatory Commission was ordering checks on lenders' loan exposures.

    • 23 Jun 2017
  • Chinese trio to hit the road for dollar bonds

    Qinghai Provincial Investment Group Co, Guangdong Hengjian Investment Holding Co and China Logistics Property Holdings Co are expected to meet Reg S investors early next week.

    • 23 Jun 2017
  • Rare Hong Kong name plots return to dollars

    Hong Kong property company Lai Sun Development Co is planning a return to the dollar debt market after a more than four year hiatus.

    • 23 Jun 2017
  • Motherson scopes out euro bond return

    Samvardhana Motherson Automotive Systems Group is seeking €300m from a seven year bullet.

    • 23 Jun 2017
  • China duo keep liability management on the boil

    Multi-billion-dollar exchange plus new money offerings from China Evergrande and Kaisa Group took centre stage in Asia DCM this week, keeping liability management as the market's hot topic. The deals are considered a win-win for issuers, which can lock in relatively cheap funding, and for investors, which are compensated by an exchange premium, while also allowing Chinese borrowers to pre-empt regulatory hurdles, writes Addison Gong.

    • 22 Jun 2017
  • Kaisa nears finish line for exchange/new money deal

    Kaisa Group Holdings, the only Chinese developer to default on offshore debt back in 2015, started taking bids on Thursday for the new issuance portion of an exchange offer. Four sets of fixed rate notes will be sold to replace the company’s outstanding variable rate senior bonds.

    • 22 Jun 2017
  • Chinese property bonds front and centre on Thursday

    Property names China Jinmao Holdings Group and Shimao Property Holdings, along with India’s Adani Ports and Special Economic Zone, launched new dollar deals on Thursday.

    • 22 Jun 2017

High yield corporate bond news archive

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Jun 2017
1 JPMorgan 81,498.74 352 7.26%
2 Bank of America Merrill Lynch 71,488.76 324 6.37%
3 Citi 67,601.26 321 6.02%
4 Barclays 55,362.73 221 4.93%
5 Goldman Sachs 54,047.07 221 4.82%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 BNP Paribas 15,877.45 68 9.25%
2 Barclays 13,596.86 49 7.93%
3 Deutsche Bank 12,929.26 46 7.54%
4 HSBC 9,996.40 45 5.83%
5 SG Corporate & Investment Banking 9,719.13 51 5.66%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Danske Bank 40,548.61 42 14.16%
2 Svenska Handelsbanken AB 38,163.35 21 13.33%
3 BNP Paribas 15,055.84 69 5.26%
4 Deutsche Bank 14,548.66 47 5.08%
5 Citi 12,612.10 54 4.41%