Insight
DCM Highlights: FY22
All data is correct as of 19 December 2022. Issuers retreated from global bond markets in their droves during 2022, with borrowers opting to reduce fundraising as rising interest rates brought the era of cheap debt financing to an end. Wider market volatility, triggered by high inflation and the prospect of a global recession taking […]
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M&A Highlights: FY22
All data is correct as of 19 December 2022. Deep Impact: Global M&A plummets in 2H22 After the party, comes the hangover. Rising interest rates, surging inflation and war in Europe have given global dealmakers a thumping headache. Worldwide, mergers and acquisitions totalled USD 3.6trn in 2022, down 38.8% from 2021’s record-smashing USD 5.9trn. Compare […]
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Loan Highlights: 3Q22
Troubled waters: global loans struggle to stay afloat in third quarter Global loan market activity continued to battle macroeconomic headwinds in 3Q22, reaching only USD 792bn of total issuance, down 35% from the same period last year. The quarterly figure is the second lowest in the past decade, exceeding only the USD 700bn raised during […]
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Investment Banking Revenue Report: 9M22
Global investment banking (IB) revenue nosedived in 9M22, battered by market volatility brought on by geo-political tension, surging inflation, soaring interest rates, and dampened corporate ardor. As mergers and acquisitions (M&A), equity capital markets (ECM) and fixed-income volumes and deal count cratered, so IB fees were down 39% in the year to date (YTD; to […]
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ECM Highlights: 3Q22
Quiet ECM but Porsche makes some noise Once again, fresh equity issuance took the back seat as the lazy summer break gave way to rising volatility on the back of US inflation data and hawkish talk from the US Federal Reserve. Global ECM deal value in the third quarter of 2022 stood at just over […]
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LevFin Highlights 3Q22
Leveraged finance (LevFin) issuance shrank to one of the lowest quarterly levels since the global financial crisis amid persistently challenging macroeconomic conditions and a high cost of debt. In 3Q22, the total volume of syndicated institutional loans and high-yield (HY) bonds across the US and Europe plummeted 84.4% year-on-year (YoY) and 52.5% quarter-on-quarter (QoQ) to […]
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Bond Highlights: 3Q22
The fall in global bond supply has accelerated into the second half of the year. Rising interest rates combined with concerns over economic growth are heaping pressure on primary markets, hiking funding costs and resigning many borrowers to the sidelines. Issuance volumes have slumped around 28% year-on-year (YoY) to USD 5.2trn in the year to […]
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M&A Highlights: 3Q22
Powered by Dealogic data, M&A Highlights reviews M&A activity across North America, EMEA and APAC in 2022 to date. All data correct as at 30th September 2022. How low can it go? Global M&A plunges again in 3Q22 Mergers and acquisitions took a sharper downturn in the third quarter as the world continued to grapple […]
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Global Markets Rankings: Full Year 2021
Global Markets Rankings for Full Year 2021 Our quarterly rankings are now available ECM Rankings Global ECM volume at historical high thanks to record performance in Q1 and Q2 View Report M&A Rankings Global full year M&A reaches highest level in history with $5.9tn, an increase of 62.1% compared to full year 2020 […]
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M&A Highlight: Full Year 2021
Private equity: A meteoric rise Global PE activity accounted for 27% of worldwide M&A activity by value and 9% by deal count in 2021, setting a new record for the total share of sponsor-led dealmaking. Buoyed by low interest rates and high volumes of dry powder, the PE space saw USD 1.5tn change hands across […]