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Global Markets Rankings for Full Year 2022

Global Markets Rankings for Full Year 2022 Our quarterly rankings are now available ECM Rankings Q4 2022 global IPO volume plunged to the lowest quarterly level since Q1 2019 View Report M&A Rankings Global M&A volume down 36% to $3.78tr from $5.91tr View Report DCM Rankings DCM Rankings dominated by JPMorgan Globally and in Americas, […]

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LevFin Highlights: FY22

All data is correct as of December 19 2022. Leveraged finance (LevFin) issuance across the US and European institutional loan and high-yield (HY) bond markets totalled USD 444bn in the year-to-date, in stark contrast to the record-high USD 1.58trn raised in 2021. The 72% year-on-year (YoY) plunge in loan and bond volumes came as challenging […]

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ECM Highlights: FY22

All data is correct as of 19 December 2022. Global Overview: Annus Horribilis What a difference a year makes. At the end of 2021, global equity capital markets looked back on twelve months of plenty. In comparison, 2022 has been a year of famine. Global ECM issuance dropped to USD 127bn in Q4, wrapping up a […]

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LCM Highlights: FY22

Despite a gathering storm of macroeconomic clouds, global loan issuance managed to keep afloat in 2022. Loans in 4Q22 reached only USD 856bn, significantly short of recent averages. However, considerable activity in the Americas over the course of the year bolstered the total value of loans raised in the year to date (YTD) to USD […]

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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 […]