Category Archives for "Primary Euro Bond Market Data"

21st November 2017

IG Non-Financial Deals – USE THIS CODE WHEN PREMIUM

Detailed supply data for the Primary bond market is recorded here, starting July 2017. Use the filters located at the bottom of the table to search within the data, and the charts below will adjust to your search parameters. You can also download the data in spreadsheet format  or PDF. Use the Columns filter to show/hide information.

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IG Issuance

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IG Fund Ratings

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IG Spreads

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6th July 2017

IG Non-Financial Deals

Detailed supply data for the Primary bond market is recorded here, starting July 2017. Use the filters located at the bottom of the table to search within the data, and the charts below will adjust to your search parameters. You can also download the data in spreadsheet format  or PDF. Use the Columns filter to show/hide information.

Date Issued Issuer Size (€mm) Maturity Pricing (MS/bp) Country
Date Issued Issuer Size (€mm) Maturity Pricing (MS/bp) Country
05/07/2017 National Grid NA 500 12/07/2024 55 UK
06/07/2017 Atlantia 1,000 13/07/2027 102 Italy
07/07/2017 Lietuvos Energija 300 14/07/2027 120 Lithuania
10/07/2017 Telekon Austria/Tap 250 07/12/2026 70 Austria
11/07/2017 Nestlé 850 18/07/2025 15 Switzerland
11/07/2017 Bright Foods 800 18/07/2020 118 Singapore
17/07/2017 Steinhoff Europe 800 24/01/2025 130 South Africa
18/07/2017 Eurofins Scientific 650 25/07/2024 170 Luxembourg
18/07/2017 Thermo Fisher 500 24/07/2019 23 USA
18/07/2017 Thermo Fisher 700 23/01/2026 70 USA
18/07/2017 Thermo Fisher 700 24/07/2029 90 USA
18/07/2017 Thermo Fisher 700 24/07/2037 140 USA
19/07/2017 DS Smith 750 26/07/2024 85 UK
19/07/2017 Terna 1,000 26/07/2027 50 Italy
19/07/2017 Vodafone 500 19/07/2027 62 UK
19/07/2017 Vodafone/Tap 150 29/07/2031 78 UK
24/07/2017 Unilever 500 31/07/2021 7 UK
24/07/2017 Unilever 650 31/07/2025 27 UK
24/07/2017 Unilever 750 31/07/2029 37 UK
25/07/2017 Sodexo 200 14/04/2027 43 France
27/07/2017 Shougang Group 400 02/08/2020 143 China
27/07/2017 Snam 350 02/08/2024 45 Italy
09/08/2017 BAT 1,100 16/08/2021 50 UK
09/08/2017 BAT 750 16/11/2021 75 UK
09/08/2017 BAT 1,250 16/01/2030 120 UK
22/08/2017 LafargeHolcim 750 29/08/2029 85 France
23/08/2017 ISS Global 600 31/08/2027 70 UK
30/08/2017 Carlsberg Breweries 500 06/09/2023 33 Denmark
30/08/2017 SSE 600 06/09/2025 38 UK
31/08/2017 Scania 500 06/09/2019 22 Sweden
31/08/2017 CNH Industrial 650 12/09/2025 130 Italy
31/08/2017 Kimberly Clark 500 07/09/2024 23 USA
31/08/2017 Philips NV 500 06/09/2019 18 Netherlands
31/08/2017 Philips NV 500 06/09/2023 30 Netherlands
04/09/2017 ICADE 600 13/09/2027 80 France
05/09/2017 Daimler 500 13/09/2021 22 Germany
05/09/2017 Valeo 600 12/09/2022 25 France
05/09/2017 Telefonica 1,250 12/09/2028 90 Spain
05/09/2017 GlaxoSmithKline 1,200 12/09/2020 12 UK
05/09/2017 GlaxoSmithKline 700 12/09/2026 35 UK
05/09/2017 GlaxoSmithKline 500 12/09/2029 45 UK
06/09/2017 Iberdrola 750 13/09/2027 58 Spain
06/09/2017 Transurban Group 500 29/03/2028 95 Australia
06/09/2017 Ingenico Group 600 13/09/2024 130 France
07/09/2017 Eni SpA 650 14/03/2025 57 Italy
07/09/2017 John Deere 350 15/09/2020 18 USA
07/09/2017 John Deere 500 15/09/2023 25 USA
11/09/2017 Italgas 500 18/01/2029 72 Italy
11/09/2017 Asahi Group 600 19/09/2021 30 Japan
11/09/2017 Asahi Group 600 19/09/2025 60 Japan
11/09/2017 Merlin Properties Socimi 300 18/09/2029 140 Spain
11/09/2017 Vivendi 850 18/09/2025 55 France
12/09/2017 LSE 500 19/09/2024 47 UK
12/09/2017 LSE 500 19/09/2029 75 UK
12/09/2017 Ahold Delhaize 750 19/09/2024 50 Netherlands
13/09/2017 Anglo American 600 18/09/2025 110 South Africa
13/09/2017 Suez 500 21/02/2032 50 France
13/09/2017 CEZ 225 05/06/2028 85 Czech Republic
14/09/2017 RCI Banque 750 26/09/2022 60 France
14/09/2017 DSV 200 20/09/2024 135 Denmark
18/09/2017 Magna International 600 25/09/2027 60 Canada
18/09/2017 Autostrade 700 26/09/2029 80 Italy
19/09/2017 Engie 500 28/02/2023 17 France
19/09/2017 Engie 750 28/02/2029 40 France
19/09/2017 Engie 750 28/02/2037 58 France
20/09/2017 Voestelpine 500 27/09/2024 95 Austria
20/09/2017 Brenntag 600 27/09/2025 60 Germany
21/09/2017 Nortegas Energia 550 28/09/2022 68 Portugal
21/09/2017 Nortegas Energia 750 28/09/2027 118 Portugal
22/09/2017 Heineken 800 03/10/2029 50 Netherlands
26/09/2017 Brambles 500 04/10/2027 70 Australia
26/09/2017 John Deere Bank 500 03/10/2022 27 USA
27/09/2017 Banque PSA 500 10/10/2022 48 France
27/09/2017 Huhtamaki 150 04/10/2024 112 Finland
27/09/2017 Total SA 500 04/10/2024 17 France
27/09/2017 Total SA 1,000 04/10/2029 30 France
27/09/2017 CPI Property 600 04/10/2024 175 Luxembourg
28/09/2017 Fluxys Belgium 300 05/10/2027 90 Belgium
28/09/2017 Fluxys Belgium 50 05/10/2032 110 Belgium
04/10/2017 Legrand 400 09/10/2023 22 France
04/10/2017 Cofiroute 750 13/10/2027 35 France
04/10/2017 FCA Bank SpA 800 12/10/2023 42 Italy
05/10/2017 Telecom Italia 1,250 12/10/2027 157 Italy
05/10/2017 Iliad 650 14/10/2024 110 France
06/10/2017 Beni Stabili 300 17/10/2024 115 Italy
10/10/2017 SNAM 650 25/10/2027 57 Italy
11/10/2017 A2A 300 19/10/2027 87 Italy
12/10/2017 Innogy 850 19/10/2027 57 Germany
13/10/2017 RTE 750 23/10/2037 47 France
17/10/2017 Iren 500 24/10/2027 85 Italy
17/10/2017 Stedin 300 24/10/2022 27 Netherlands
17/10/2017 Stedin 500 24/10/2025 30 Netherlands
18/10/2017 Esselunga 500 25/10/2023 65 Italy
18/10/2017 Esselunga 500 25/10/2027 110 Italy
20/10/2017 Nestlé 500 18/01/2024 8 Switzerland
20/10/2017 Nestlé 750 02/11/2029 20 Switzerland
20/10/2017 Nestlé 750 02/11/2037 32 Switzerland
23/10/2017 Danone 1,250 23/06/2023 1 France
23/10/2017 RCI Banque 500 04/11/2024 57 France
23/10/2017 Procter & Gamble 500 25/10/2024 8 USA
23/10/2017 Procter & Gamble 500 25/10/2029 20 USA
23/10/2017 Verizon 1,250 27/10/2026 65 USA
23/10/2017 Verizon 750 26/10/2029 90 USA
23/10/2017 Verizon 1,500 15/01/2038 145 USA
24/10/2017 2i Rete Gas 550 31/10/2027 70 Italy
24/10/2017 Engie/tap 100 01/09/2037 37 France
02/11/2017 Daimler 500 10/11/2019 13 Germany
02/11/2017 Swedish Match 200 10/11/2025 65 Sweden
03/11/2017 Philip Morris 500 08/11/2024 27 USA
03/11/2017 Philip Morris 500 06/11/2037 52 USA
06/11/2017 APRR 700 17/01/2033 35 France
06/11/2017 Whirlpool 600 09/11/2027 40 USA
06/11/2017 Akzo Nobel 500 08/11/2019 16 Netherlands
06/11/2017 United Technologies 750 13/11/2019 13 USA
07/11/2017 Daimler 1,000 15/11/2027 25 Germany
07/11/2017 2i Rete Gas - tap 180 31/10/2027 65 Italy
07/11/2017 Ferrovial 550 14/05/2023 2 Spain
08/11/2017 Gas Natural Fenosa 800 15/05/2025 40 Spain
08/11/2017 UPS 700 15/11/2023 12 USA
08/11/2017 UPS 500 15/11/2032 30 USA
08/11/2017 BASF 1,250 15/11/2019 8 Germany
08/11/2017 BASF 1,000 15/11/2027 20 Germany
08/11/2017 BASF 750 15/11/2037 30 Germany
08/11/2017 Galp Energia 500 15/02/2023 85 Portugal
09/11/2017 Coca-Cola EP 350 16/11/2021 18 USA
09/11/2017 Ferrari 700 16/01/2021 45 Italy
09/11/2017 National Express 250 15/05/2020 40 UK
13/11/2017 Diageo 775 17/11/2020 8 UK
13/11/2017 Diageo 500 19/06/2024 18 UK
14/11/2017 EDP 500 22/11/2027 73 Portugal
14/11/2017 Iberdrola 1,000 22/05/2023 1 Spain
14/11/2017 PostNL 400 21/11/2024 50 Netherlands
14/11/2017 Toyota 600 21/07/2021 3 Japan
14/11/2017 Toyota 600 21/11/2024 17 Japan
14/11/2017 BT 1,100 21/11/2024 62 UK
15/11/2017 Vodafone 1,000 20/11/2025 63 UK
15/11/2017 Vodafone 750 20/11/2029 95 UK
15/11/2017 Vodafone 750 20/11/2037 155 UK
16/11/2017 Ørsted 500 24/11/2024 2 Denmark
16/11/2017 Ørsted 750 26/11/2029 57 Denmark
16/11/2017 Rentokil Initial 400 22/11/2024 55 UK
16/11/2017 Veolia Environnement 500 23/11/2020 5 France
17/11/2017 HIT 500 27/03/2023 53 France
17/11/2017 HIT 500 27/11/2027 93 France
21/11/2017 Renault 750 28/11/2025 53 France
21/11/2017 McDonalds 700 29/01/2024 30 USA
21/11/2017 McDonalds 500 28/11/2029 57 USA
21/11/2017 Sudzucker 500 28/11/2025 50 Germany
22/11/2017 Iberdrola 300 29/11/2029 60 Spain
24/11/2017 Redexis Gas 250 27/04/2027 127 Spain
27/11/2017 Ford Motor Credit 600 01/12/2021 37 USA
27/11/2017 Ford Motor Credit 600 01/12/2024 70 USA
27/11/2017 Prosegur Cash SA 600 04/02/2026 87 France
28/11/2017 Johnson Control 750 04/12/2020 23 Ireland
30/11/2017 Deutsche Telekom 750 13/12/2024 25 Germany
30/11/2017 Ferrovie Dello Stato 600 07/12/2023 52 Italy
01/12/2017 Tank & Rast 300 09/12/2024 120 Germany
01/12/2017 Tank & Rast 300 08/12/2027 160 Germany
04/12/2017 Celanese US 300 11/02/2025 80 USA
04/12/2017 China General Nuclear Power 500 11/12/2024 120 China
05/12/2017 Cheung Kong 600 12/12/2024 60 Hong Kong
06/12/2017 VW 750 15/06/2021 42 Germany
06/12/2017 VW 750 15/06/2023 52 Germany
06/12/2017 VW 500 15/12/2025 80 Germany
06/12/2017 Aeroports de Paris 500 13/12/2027 25 France
06/12/2017 Deutsche Post 500 13/12/2027 30 Germany
07/12/2017 Schneider Electric 750 13/12/2026 27 France
07/12/2017 OMV 1,000 14/12/2026 40 Austria
03/01/2018 BMW 1,250 10/07/2023 12 Germany
03/01/2018 BMW 750 10/01/2028 25 Germany
03/01/2018 RCI Banque/FRN 750 12/01/2023 43 France
04/01/2018 Daimler/FRN 750 10/01/2023 25 Germany
09/01/2018 AB Inbev/FRN 1,500 15/04/2024 30 Belgium
09/01/2018 AB Inbev 2,000 22/01/2017 43 Belgium
09/01/2018 AB Inbev 750 23/01/2035 75 Belgium
09/01/2018 Enel 1,250 16/09/2026 47 Italy
09/01/2018 Orange SA 1,000 16/01/2030 37 France
10/01/2018 FCA Bank SpA 850 17/06/2021 33 Italy
10/01/2018 ASF 1,000 22/01/2030 35 France
10/01/2018 Engie 1,000 16/04/2023 1 France
11/01/2018 Ren Finance 300 18/01/2028 80 Portugal
15/01/2018 Telefonica 1,000 22/01/2027 58 Spain
16/01/2018 Thales 500 23/01/2025 23 France
16/01/2018 Gas Natural Fenosa 850 29/01/2028 67 Spain
23/01/2018 Italgas/tap 250 18/01/2029 58 Italy
24/01/2018 Innogy SE 1,000 31/07/2029 50 Germany
25/01/2018 Auchan/FRN 350 01/02/2020 5 France
30/01/2018 Alliander/hybrid 500 30/06/2025 1 Netherlands
31/01/2018 Sias 550 08/02/2028 70 Italy
01/02/2018 Ford Motor Credit/FRN 750 07/12/2022 42 USA
01/02/2018 Ford Motor Credit 500 07/02/2025 60 USA
01/02/2018 Acea/FRN 300 08/02/2023 37 Italy
01/02/2018 Acea 700 08/06/2027 70 Italy
01/02/2018 Prosegur Cia de Seguridad 700 08/02/2023 62 Spain
02/02/2018 Beco Lux Sarl 800 09/02/2023 140 Luxembourg
05/02/2018 Unilever 500 12/08/2023 3 UK
05/02/2018 Unilever 700 12/02/2027 15 UK
05/02/2018 Unilever 800 12/02/2033 25 UK
07/02/2018 Novartis 750 14/08/2023 2 Switzerland
07/02/2018 Novartis 750 14/08/2030 10 Switzerland
07/02/2018 Novartis 750 14/08/2038 20 Switzerland
07/02/2018 McKesson/FRN 250 12/02/2020 13 USA
07/02/2018 McKesson 500 30/10/2026 67 USA
26/02/2018 Legrand 400 06/03/2026 20 France
26/02/2018 Zapadoslovenska Energetika 315 02/03/2028 72 Slovakia
27/02/2018 Metro 500 06/03/2023 72 Germany
27/02/2018 Red Electrica 600 13/03/2027 32 Spain
27/02/2018 Securitas 300 06/03/2025 60 Sweden
01/03/2018 Prologis 300 15/03/2028 78 USA
01/03/2018 RCI Banque 750 12/07/2021 23 France
01/03/2018 RCI Banque/FRN 550 12/03/2025 58 France
06/03/2018 AP Moller-Maersk 750 16/03/2026 90 Denmark
07/03/2018 SAP/FRN 500 13/03/2021 10 Germany
07/03/2018 SAP 500 13/03/2026 15 Germany
07/03/2018 SAP 500 13/03/2030 23 Germany
07/03/2018 Chemchina 1,200 14/06/2022 150 China
12/03/2018 American Honda 500 17/03/2023 15 USA
12/03/2018 Ahold Delhaize/FRN 300 19/03/2021 18 Netherlands
12/03/2018 Ahold Delhaize 800 19/03/2026 38 Netherlands
13/03/2018 Orange SA 1,000 20/03/2028 35 France
13/03/2018 Saint Gobain 750 23/03/2026 32 France
13/03/2018 WPP 500 20/03/2025 70 UK
13/03/2018 WPP/FRN 250 20/03/2022 45 UK
14/03/2018 Sanofi/FRN 1,000 21/03/2020 0 France
14/03/2018 Sanofi 500 21/03/2020 5 France
14/03/2018 Sanofi 1,750 21/03/2023 12 France
14/03/2018 Sanofi 1,500 21/03/2026 22 France
14/03/2018 Sanofi 2,000 21/03/2030 30 France
14/03/2018 Sanofi 1,250 21/03/2038 40 France
15/03/2018 Richemont 1,500 26/03/2026 35 Switzerland
15/03/2018 Richemont 1,250 26/03/2030 45 Switzerland
15/03/2018 Richemont 1,000 26/03/2038 65 Switzerland
15/03/2018 Relx 500 13/05/2027 60 Netherlands
15/03/2018 SES 500 22/03/2026 90 Luxembourg
19/03/2018 GM Financial /FRN 600 26/03/2022 55 USA
19/03/2018 GM Financial 500 26/03/2025 100 USA
19/03/2018 Deutsche Bourse 600 26/03/2028 20 Germany
19/03/2018 Danone 300 26/03/2025 32 France
19/03/2018 Iberdrola /Hybrid 700 26/09/2024 2 Spain
20/03/2018 DNA Oyj 250 27/03/2025 72 Finland
28/03/2018 Toyota Finance Australia 500 06/04/2023 23 Japan
29/03/2018 Euroclear 300 11/04/2030 40 Belgium
29/03/2018 Euroclear/Hybrid 400 11/04/2028 2 Belgium
03/04/2018 Capgemini 600 18/10/2024 52 France
03/04/2018 Capgemini 500 18/04/2028 82 France
04/04/2018 PerkinElmer 300 09/04/2021 60 USA
04/04/2018 Daimler/FRN 500 09/04/2020 15 Germany
04/04/2018 Swisscom 500 12/10/2026 40 Switzerland
05/04/2018 VW/FRN 1,000 11/10/2019 20 Germny
05/04/2018 VW 500 12/04/2021 37 Germany
05/04/2018 VW 750 12/04/2023 60 Germany
10/04/2018 CK Hutchison 750 17/04/2025 68 Hong Kong
10/04/2018 CK Hutchison 500 17/04/2030 93 Hong Kong
11/04/2018 Euronext 500 18/04/2025 42 Netherlands
11/04/2018 Banque PSA 500 19/04/2023 50 France
11/04/2018 Scania/FRN 500 19/10/2020 30 Sweden
11/04/2018 Renault 700 18/04/2024 60 France
12/04/2018 ACS 750 20/04/2026 120 Spain
12/04/2018 Thales/FRN 500 19/04/2020 10 France
12/04/2018 Thales 500 19/04/2024 37 France
12/04/2018 Infra Park SAS 700 19/04/2028 83 France
16/04/2018 HeidelbergCement 750 24/04/2028 90 Germany
17/04/2018 Sydney Airport 500 26/04/2028 80 Australia
19/04/2018 EP Infrastructure 750 26/04/2024 110 Czech Republic
20/04/2018 Mondi 600 27/05/2026 85 UK
23/04/2018 NOS SGPS 300 02/05/2023 75 Portugal
24/04/2018 Philips 500 02/05/2024 25 Netherlands
24/04/2018 Philips 500 02/05/2028 45 Netherlands
02/05/2018 Rolls-Royce 550 09/05/2024 45 UK
02/05/2018 Rolls-Royce 550 09/05/2028 70 UK
03/05/2018 Daimler 1,000 11/05/2022 20 Germany
03/05/2018 Daimler 1,250 11/11/2025 42 Germany
09/05/2018 Lanxess 500 15/05/2025 65 Germany
09/05/2018 FMCC/FRN 600 14/05/2021 43 USA
09/05/2018 FMCC/FRN 400 15/11/2023 73 USA
14/05/2018 Paccar/FRN 300 18/05/2021 25 USA
14/05/2018 United Technologies/FRN 750 18/05/2020 20 USA
14/05/2018 United Technologies 750 18/05/2024 62 USA
14/05/2018 United Technologies 500 18/05/2030 100 USA
14/05/2018 GlaxoSmithKline/FRN 750 21/05/2020 10 UK
14/05/2018 GlaxoSmithKline 1,000 21/05/2026 45 UK
14/05/2018 GlaxoSmithKline 750 21/05/2030 57 UK
14/05/2018 BMW 1,000 22/11/2022 20 Germany
14/05/2018 BMW 750 22/05/2026 38 Germany
15/05/2018 Sodexo 300 22/05/2025 45 France
15/05/2018 Wuerth Finance Intl 500 26/05/2025 30 Germany
15/05/2018 American Tower 500 22/05/2026 118 USA
15/05/2018 RCI Banque 750 22/05/2026 78 France
15/05/2018 BASF 750 22/05/2025 20 Germany
15/05/2018 BASF 500 22/05/2030 37 Germany
15/05/2018 Enel/60.5NC5.5 500 24/11/2023 2 Italy
15/05/2018 Enel/63.5NC8.5 750 24/11/2026 3 Italy
16/05/2018 Mylan 500 23/05/2025 143 USA
16/05/2018 Pemex 600 25/11/2022 220 Mexico
16/05/2018 Pemex/FRN 650 25/08/2023 240 Mexico
16/05/2018 Pemex 650 25/11/2025 288 Mexico
16/05/2018 Pemex 1,250 25/02/2029 370 Mexico
17/05/2018 G4S 550 24/05/2025 120 UK
17/05/2018 Becton, Dickinson 300 24/05/2023 95 USA
22/05/2018 Tennet 500 05/06/2028 45 Netherlands
22/05/2018 Tennet 750 05/06/2034 62 Netherlands
22/05/2018 Deutsche Telekom 400 01/12/2022 35 Germany
22/05/2018 Deutsche Telekom 500 01/12/2022 35 Germany
22/05/2018 Deutsche Telekom 1,000 01/12/2029 63 Germany
22/05/2018 Deutsche Telekom 1,000 01/12/2029 90 Germany
23/05/2018 innogy Finance 500 30/11/2022 50 Germany
23/05/2018 innogy Finance 500 30/11/2026 85 Germany
04/06/2018 VW Bank/FRN 600 08/12/2021 70 Germany
04/06/2018 VW Bank 600 08/09/2021 60 Germany
04/06/2018 VW Bank 800 10/06/2024 90 Germany
05/06/2018 Carrefour 500 12/06/2023 70 France
07/06/2018 Knorr-Bremse 750 13/06/2025 50 Germany
07/06/2018 Carrefour Banque/FRN 400 15/06/2022 62 France
11/06/2018 Valeo 600 18/06/2025 87 France
12/06/2018 ManpowerGroup 500 22/06/2026 100 USA
12/06/2018 OMV/PNC6 500 19/06/2024 2 Austria
13/06/2018 Schneider Electric 750 21/06/2027 60 France
15/06/2018 JAB Holdings 750 22/06/2026 115 Germany
15/06/2018 JAB Holdings 750 22/06/2029 150 Germany
15/06/2018 Autoliv 500 26/06/2023 55 Sweden
15/06/2018 Engie SA 750 22/06/2028 50 France
19/06/2018 Bayer/FRN 750 26/06/2022 55 Germany
19/06/2018 Bayer 1,000 15/12/2022 50 Germany
19/06/2018 Bayer 1,750 26/06/2026 90 Germany
19/06/2018 Bayer 1,500 15/12/2029 120 Germany
20/06/2018 VW/PNC6 1,250 26/06/2024 3 Germany
20/06/2018 VW/PNC10 1,500 26/06/2028 4 Germany
20/06/2018 EDP 750 26/01/2026 105 Portugal
21/06/2018 Iberdrola 750 28/10/2026 67 Spain
21/06/2018 Autoroutes du Sud 700 27/06/2028 53 France
25/06/2018 Teleperformance 750 02/07/2025 147 France
26/06/2018 Hochtief 500 03/07/2025 127 Germany
28/06/2018 BP 1,000 03/07/2024 50 UK
28/06/2018 BP 900 03/07/2028 72 UK
28/06/2018 O2 Telefonica Deutschland 600 05/07/2025 127 Germany
02/07/2018 Informa 650 05/07/2023 132 UK
04/07/2018 Fresenius 500 11/07/2025 102 Germany
04/07/2018 BPost 650 11/07/2026 72 Belgium
04/07/2018 innogy/tap 250 30/11/2022 40 Germany
05/07/2018 Safran/FRN 500 13/07/2020 33 France
09/07/2018 VW/FRN 500 20/07/2020 50 Germany
01/07/2018
01/08/2018
01/09/2018
01/10/2018
01/11/2018
01/12/2018
∑ = 223,445
Hover over each segment in the pie chart to view the country of issuance and % of total IG non-financial issuance deals. Alter the search filter settings in the table above and the chart will adjust accordingly.


IG Issuance

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IG Fund Ratings

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IG Spreads

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3rd January 2016

High Yield Corporate Bond Issuance

Data provided by Dealogic

The bar graphs below illustrate the trend in the growth and trends in corporate bond issuance in the euro-denominated bond market.

i) HY Corporate Bond Issuance Since 2003

The low rate/yield environment along with a low default rate since 2009 have given confidence to investors to push down the credit curve as corporate bond yields have declined in the investment grade market. The disintermediation trend has been witnessed in this market too, such that HY issuance has averaged almost Eur47bn per year since 2013, with 2014’s record year for issuance of €57bn – finally surpassed in 2018 – and in spectacular style.


MiFID II is HERE


 

ii) Monthly HY Corporate Bond Issuance

The high yield market has had an excellent year so far with €41.7bn of issuance – giving us the best opening six months in this market’s relatively small history. The pipeline her his considerable, too, and while spreads have gapped recently, deals have been getting away with still decent demand for new paper. We would think that €5bn plus for July – if the market remains open (that is, event risk permitting) is quite possible.

For fully searchable individual HY deal data, click here.


 

More Charts: Investment Grade Issuance | Senior Financials Issuance

3rd January 2016

Investment Grade Corporate Bond Issuance

Data provided by Dealogic & CreditMarketDaily.com

The bar graphs below illustrate the trend in the growth and trends in issuance in the euro-denominated corporate bond market.

i) Investment Grade Corporate Issuance Since 2003

The financial crisis has ultimately been seen to have helped promote the corporate bond market as a major financial asset class. Zero policy rates and subsequent low bond yields have seen funds shift into the corporate bond market as investors search for ‘safe’ higher yielding assets. Corporate bonds have been the chief beneficiary and the huge disintermediation in funding for the corporate sector has enabled the euro-denominated corporate bond market to grow in size from just Eur700bn in 2007 to over Eur2trn now.


MiFID II is HERE


 

IG Deals

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IG Fund Ratings

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IG Spreads

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ii)  Monthly Investment Grade Corporate Issuance

 

Need to view the chart and analysis for monthly IG Corp issuance? This bond research data is only available to creditmarketdaily.com’s subscription members.

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All the deals for the current month can be found here.


iii) US Corporate Borrowers as a % of Total Euro IG Issuance

A big theme in 2015-16 was the amount US domiciled corporates funded in the euro-denominated debt markets. As shown in the chart above, it was a record 26% of the total volume in 2015 and 22% in 2016. Low rates everywhere, but lower in Europe along with low spreads made it attractive for US corporates to borrow in euros (even when swapped back to dollars).

That dropped to 16% in 2017, and that is close to the long term average. For 2018, we will probably see somewhere in the region of 15% of US domiciled borrowers accessing the debt capital markets here.


 

More Charts: High Yield Issuance | Senior Financials Issuance

31st December 2015

Senior Financials Corporate Bond Issuance

Data provided by Dealogic

The bar graphs below illustrate the trend in the growth and trends in issuance in the euro-denominated corporate bond market.

i) Senior Financials Issuance Since 2003

The all singing, all dancing days of senior issuance pre-financial crisis – are over. Admittedly, back then a fair portion of the supply was front-end in terms of maturity and league table motivated, but we have seen a material decline in senior issuance levels. The banking sector, quite simply, doesn’t need the money.

The difficult macro outlook had made banks more wary of lending but conditions and the outlook are less strained now. Nevertheless, we think we will only see issuance at around the average level established over the past few years, while senior non-proffered deals – as TLAC considerations become firmly entrenched – will be main senior funding structure now on.


MiFID II is HERE


ii) Senior Financials Monthly Supply

 

Senior bank issuance has slowed (as has been the trend since the pre-crisis years) with just €5.5bnof deals in June. We’re up at €75bn year-to-date and given the current run rate, we will probably be looking at €120bn-€130bn for the full year – a level €10-15bn lower than our original forecasts made for this year.

 

More Charts: Investment Grade Issuance | High Yield Issuance