Top stories


  • Investors stay with corporate credit despite extreme tightness

    Seven of the eight benchmark investment grade corporate bonds to have been priced in euros in the last fortnight have been from utilities. And longer dated utility bonds were also among the best performers in the third quarter.

    • 11:15 AM
  • HY demand at CMA’s sails for new benchmark bond

    CMA CGM, the French container liner, priced its first bond issue on Tuesday after improving on its triple-C ratings. Investor demand was enough for the issuer to double the size of the deal.

    • 17 Oct 2017
  • UBS’s levfin revival

    UBS’s EMEA leveraged finance business has been through the wringer, but co-head David Slade, who joined in 2015, is rebuilding it.

    • 16 Oct 2017
  • Europcar defies Catalexit with HY deal for Goldcar LBO

    French car hire group Europcar opened the high yield bond primary market on Monday with new debt to fund the acquisition of Spanish peer Goldcar, demonstrating how little investors are worrying about the escalating crisis between Catalonia and Spain over the former's push for independence.

    • 16 Oct 2017
  • 3i inaugurates US infrastructure branch with Smart Carte stake

    UK-based private equity firm 3i announced its first investment in the US infrastructure sector on Monday. It has chosen Minnesota’s Smart Carte, an equipment vendor for the travel and leisure industry.

    • 16 Oct 2017
  • CVC goes Dutch with two unitranches and reprices Corialis

    CVC has made two unitranche loans in the Netherlands, to Voogd & Voogd and Berning, amid busy activity in leveraged debt markets of all kinds.

    • 13 Oct 2017
  • Catalonia to markets: ‘Expect worse’

    By 10am on Monday October 16, Catalonia's president Carles Puigdemont must clarify whether this week’s declaration of independence was firm. Many in capital markets have dismissed the possibility of Spain’s constitutional crisis causing market volatility, but the Catalan government is approaching its week of reckoning in combative mood, write Lewis McLellan and Victor Jimenez.

    • 12 Oct 2017
  • Inovyn’s 225bp margin stuns lev loan mart

    Chlorvinyls firm Inovyn, a subsidiary of chemicals group Ineos, was on course to shave 150bp from its 2024 term loans in a repricing on Thursday. But market participants warned that the trade betrays signs of a lack of discipline in the market.

    • 12 Oct 2017
  • HY investors gulp down €1.7bn as deals sell out early

    Empark, Vallourec and Dufry met strong demand for their new high yield bonds this week as investors opened their deep pockets.

    • 11 Oct 2017
  • UPC and Belron bring €1bn-plus loans as multi-currency leveraged deals surge

    UPC Holding, the telecoms company owned by Liberty Global, and UK car glass specialist Belron announced multi-currency term loan offerings on Tuesday.

    • 10 Oct 2017
  • ABN Amro hires former IKB director for new levfin role in Germany

    Dominik Felsmann has landed a job at ABN Amro as head of leveraged finance Germany. The bank has also named Arjan Van Rijn as global head of leveraged finance origination.

    • 10 Oct 2017
  • DomusVi bags 325bp margin for LBO loan amid repricings

    Europe’s leveraged loan market was set for more than €4bn of offerings this week, as borrowers revel in friendly pricing conditions. Large facilities such as the €1bn loan for DomusVi that was launched on Monday could achieve the tightest prices, said bankers.

    • 09 Oct 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
11-Oct-17Vallourec SA 15-Oct-224006.625%
11-Oct-17Arena Luxembourg Finance SARL 01-Nov-231253-mth Euribor +275bp
11-Oct-17Arena Luxembourg Finance SARL 01-Nov-243502.875%
10-Oct-17Dufry One BV 15-Oct-248002.5%
06-Oct-17Unilabs SubHolding AB 15-May-171555.75%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,273.45 69 7.09%
2 BNP Paribas 15,649.19 99 6.42%
3 Goldman Sachs 13,736.97 57 5.64%
4 HSBC 12,718.21 83 5.22%
5 Deutsche Bank 12,330.52 72 5.06%

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 European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,273.45 69 7.09%
2 BNP Paribas 15,649.19 99 6.42%
3 Goldman Sachs 13,736.97 57 5.64%
4 HSBC 12,718.21 83 5.22%
5 Deutsche Bank 12,330.52 72 5.06%

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%