Insight

2018 surge in emerging-market bonds

International bonds from emerging-market issuers started the year strong, with help from heavy-weight sovereign borrowers. Record volume in January This January brought the strongest supply of international emerging-market bonds on record, with an increase of $24.2bn compared to January 2017. So far in 2018, issuers raised $99.6bn through 167 such deals, tapping mainly into the […]

Insight

European corporate debt outlook for 2018

European corporate debt ballooned 12% year-on-year to $1.5tr in 2017, and the market continues to hold promise in the new year—especially for leveraged finance. Our Global Head of Loans Research, Roody Muneean, looks at what could happen as investors hunt for yield.   Contact us for the underlying analysis on European corporate debt, or learn […]

Insight

China-listed ECM highlights in 2017

After China-listed ECM volume hit a record in 2016, the CSRC implemented new regulations that shaped the 2017 market. Regulations hamper overall volume 2017 marked another active year for China-listed ECM, reaching $140.9bn via 744 deals. Volume has generally grown over the last 4 years. From 2015 to 2016, issuance jumped 48% to a record […]

Insight

Will the IPO momentum continue in 2018?

While 2017 global IPO volume hovered above the 10-year average, activity took off to reach a 10-year high. Our ECM Product Director, James Fawcett, examines the market recovery into 2018. Global IPO ranking for full-year 2017 Total IPO activity soared 50% year-on-year in 2017, which raised $199.2bn in global volume. With 1,770 deals, 2017 marked […]

Insight

Bullish US high-yield markets in 2018

With the increased appetite for riskier investments, US high-yield markets this year blasted off to the best start since 2014. US high-yield volume reaches 4-year high The prospect of a stronger US economy has boosted the interest in high-yield (HY) bonds. US-marketed HY bonds total $17.6bn so far in 2018, the strongest start since 2014 […]

Insight

M&A outlook for 2018

Following record high EV/EBITDA multiples in 2017, what does the year ahead hold for M&A markets? Our Global Head of M&A Research, Chunshek Chan, weighs in on the 2018 M&A outlook with a peek into its potential future—from sponsor exits to tech acquisitions.   Contact us for the underlying analysis on the 2018 M&A outlook […]

Insight

Sell it to the central bank: Monetary policy bolsters EMEA volume

Though the European Central Bank’s Asset Purchase Programme has halved, EMEA euro-denominated bonds remained steady year-on-year. Monetary policy bolsters EMEA volume On October 26 last year, the European Central Bank (ECB) announced it would halve its Asset Purchase Programme (APP) to €30.0bn per month starting in January 2018. Since it was announced in March 2015, […]

Insight

2017 US-listed IPOs: NYSE vs. Nasdaq

US exchanges continued to compete for IPOs in 2017, as NYSE and Nasdaq showcased their strengths. Strong rebound for US exchanges US-listed IPOs had a great 2017, reaching $49.4bn via 189 deals. Volume doubled compared to 2016 ($24.3bn via 111 deals) and was 27% higher than 2015 ($36.2bn via 174 deals). NYSE and Nasdaq were the […]

Insight

China outbound M&A round-up 2017

Chinese acquirors continued their global buying spree in 2017, with China outbound M&A volume reaching $149.2bn—just $21.6bn behind the US. Volume inching closer to dethrone the US Despite the first year-on-year drop in outbound M&A volume since 2008–2009, China moved even closer to the US in terms of flexing its muscles in acquiring businesses overseas […]

Insight

Americas review: Key trends that shaped the markets in Q4 2017

Our Global Markets Reviews for full year 2017 look at key trends across investment banking, M&A, ECM, DCM, Leveraged Finance, and Loans, according to Dealogic figures. Read the Americas highlights from our Q4 2017 report. Americas Q4 2017 highlights Americas IB revenue for full year 2017 ($45.8bn) experienced a 10% year-on-year gain from $41.6bn in 2016. IG […]