Page

Contact Us

Insight

Global Markets Rankings for First 3 Quarters 2023

Global Markets Rankings for First 3 Quarters 2023 Our 3Q rankings are now available. ECM Rankings Issuance volumes of over USD 470bn so far in the first nine months of 2023 means global issuance sits 3% higher than 9M22. View Report M&A Rankings Global dealmakers agreed 26,608 deals totaling USD 2.1trn, a 29% decline in […]

Insight

LevFin Highlights: 9M23

Leveraged finance (LevFin) issuance across the US and European institutional loan and high-yield (HY) bond markets rose 26% year-on-year (YoY) to USD 466bn in the first nine months of 2023. Although issuance bounced back from the lows of last year as market conditions improved and spreads tightened, in the absence of a meaningful mergers & […]

Insight

ECM Highlights: 9M23

While Equity Capital Markets remain below where some might like them to be, big deals in the US and Europe have started to sow seeds of optimism that there are better times ahead. Issuance volumes of over USD 470bn so far in the first nine months of 2023 means global issuance sits 3% higher than […]

Insight

M&A Highlights: 9M23

Global activity in mergers and acquisition shows few signs of emerging from its stagnancy. For the first nine months of 2023, dealmakers agreed 26,608 deals totaling USD 2.1trn globally, a 29% decline in volume compared with the same period last year. The dealmaking doldrums stem from the dawning realization that US interest rates may remain […]

Insight

DCM Highlights: 9M23

Global bond issuance was down year-on-year (YoY) in 3Q23, while volumes also softened sequentially. High interest rates and relatively punitive coupon costs compared with the previous low interest-rate era have made it more attractive for issuers to refrain from near-term refinancings. M&A activity has also been constrained. In addition, the relatively medium-term maturity wall for […]

Insight

Loan Highlights: 9M23

Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets, while interest rates appeared to reach their peak. Meanwhile, activity in Asia has been hampered by China’s ongoing property crisis, leading the World Bank to slash its growth forecasts for […]

Insight

Loan Highlights: 1H23

The global loan market endured a bleak first half of the year, with the overall 1H23 volume falling 28% year-on-year (YoY) to USD 1.9trn, the lowest showing since 2012. Macroeconomic conditions remained challenging, with news flow suggesting that the US and European economies faced a tough outlook amid persistent inflation and tightening monetary policies. Nevertheless, […]

Insight

DCM Highlights: 1H23

Bond issuance began to turn a corner in a handful of regions and sectors during the second quarter as the strain on primary markets from economic and inflationary fears appeared to ease. The recovery followed the collapse in supply over recent quarters, triggered by higher interest rates, the withdrawal of central bank support and wider […]