BofA, JPMorgan Lead Global Bond Underwriting

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By Antoinette Gartrell

Bank of America Merrill Lynch and JPMorgan were the top corporate and financial bond underwriters in 2016, Bloomberg data show.

Bank of America underwrote 860 corporate bond deals, representing approximately 6.6 percent of overall market share.

JPMorgan held the top spot in 2015 for corporate bond underwriting, but fell to second in 2016 with 825 deals.

Citi filled the number three top spot with 804 deals. It was the only one of the top three deal-makers whose market share rose compared to 2015.

In 2016, the overall corporate and financial bond market saw approximately 15,732 deals worth nearly $4.14 trillion.

Bank of America led in corporate bonds by volume—more than $135 billion—with JPMorgan, Citi, Barclays and Deutsche Bank next in the top five.

On the financial side, JPMorgan eclipsed $105 billion in deals. The rest of the top five were HSBC, Citi, Morgan Stanley and Goldman Sachs.

To contact the reporter on this story: Antoinette Gartrell in Washington at agartrell@bna.com

To contact the editors responsible for this story: Phyllis Diamond at pdiamond@bna.com; Seth Stern at sstern@bna.com

For More Information

The Fixed Income advisory league tables, among many others, are available to Bloomberg Law: Corporate Transactions subscribers at: https://www.bloomberglaw.com/product/corptrans/secondary_page/ct_league_tables

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