Insight

DCM Highlight: Full Year 2021

Green lights: EMEA takes the lead in going green Corporates globally have raised a total of USD 236bn in sustainable (including green) bonds in 2021 YTD, taking a big slice of the total USD 819bn raised across all borrower types including SSAs, financial institutions and asset-backed securities. Corporates in EMEA have been by far the biggest issuers […]

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Loans Highlight: Full Year 2021

User friendly: Refinancing and M&A-driven financings on the rise The use of proceeds for refinancing and the repayment of debt at USD 2.74trn YTD has already exceeded 2019 pre-pandemic figures, while M&A-related borrowing is up almost 73% from the whole of 2020 and around USD 100bn shy of 2018 – the highest figure in the […]

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DCM Highlights: First 9 Months 2021

Hungry Borrowers Real estate/property players also are rushing to market, raising approximately USD 302bn from USD 261bn in the same period last year, as red-hot residential and commercial markets pick up a pace not seen for more than a decade. Utilities and energy, followed by computer & electronics borrower completed the top three.     […]

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Leveraged Finance Highlights: First 9 Months 2021

Rates Remain Attractive   Average margins were lower compared with the same time last year, where institutional loans priced tighter in the third quarter in both the US and Europe. US institutional loans priced on average at Libor+ 382 basis point (bps), 55 bps below an average of Libor+ 437 bps that was available in […]

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Loans Highlights: First 9 Months 2021

Real Estate/Property Loans Gaining Traction Among the top-three sectors issuing loans, the largest has been the computers & electronics sector space. Activity leapt 76% to reach USD 446bn in 1Q-3Q21, commanding a market share in excess of 11% and marking a gain of two percentage points from 1Q 3Q20, as the world adapts to, and […]

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M&A Highlights: First 9 Months 2021

Global: Software eats the world The idea that “software is eating the world” – expressed by venture capitalist Marc Andreessen in 2011 – has found its truest expression yet in 2021. Technology accounts for 27% of global deal value (USD 1.2tn across 8,797 deals) so far this year, the largest ever share.   Healthcare holds […]

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ECM Highlights: First 9 Months 2021

Global Overview: Size Matters Even as PE funds, VCs, founders and corporate-led carve-outs form a widening pool of issuers, investors know what to look for: quality, liquidity and growth, according to Gareth McCartney, global co-head of ECM at UBS. Indeed, more mega-IPOs have happened in 2021 than ever before, with twice as many USD 1bn+ […]

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Global Markets Rankings: First 9 Months 2021

Global Markets Rankings for First 9 Months 2021 Our quarterly rankings are now available   ECM Rankings Global IPO volume first nine month record high, despite continued cool down from the peak in Q1 2021 View Report   M&A Rankings Global M&A reaches highest F9M volumes in history with $4.51tr View Report   DCM Rankings […]

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M&A Highlights: First Half 2021

US SPACs issuance collapse in 2Q Special Purpose Acquisition Companies (SPACs) have fuelled IPO issuance on US exchanges over the last twelve months. So far this year, 350 SEC-registered SPAC IPOs have been priced, raising USD 107.6bn. However, SPAC IPO issuance dropped significantly in April, with the bulk of activity occurring in 1Q21.   SPAC […]

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ECM Highlights: First Half 2021

Global Overview: 2Q numbers boost stellar six months Though 2Q21 paused for breath by comparison with a stellar opening quarter, 1H21 global ECM issuance still came in at USD 785bn – up a staggering 62% year-on-year. That 2Q tally is no slouch, either. At USD 316bn, 2Q21 may be down 8% against the backdrop of […]