Corporate Bond |

Global Corporate Bond Issurance and Outlook

After advancing by 33% annually in 2012 to a record $1.134 trillion, 2013’s US$-denominated investment grade (IG) bond issuance dipped by -1.5% to $1.119 trillion. Following 2012’s 48% annual surge, US$-denominated high yield bond issuance advanced by 11% to a record $431 billion in 2013. Also, after gaining 5% in 2012, newly rated high yield bank loan programs increased by 38% annually to $579 billion in 2013. In 2014, US$-denominated bond issuance edged up by…

Moody’s: M&A Props Up Corporate Issuance

Posted on by The Editorial Team

A recent surge in merger activity brings the current year’s pace in line with last year’s massive gains. Such heavy dealmaking volume is likely to persist, given favourable capital markets and the desire of firms to gain scale amid weak profit growth. That merger trend can give a great lift to corporate debt issuance, despite earlier expectations for a slowdown in corporate borrowing. Adding to the favourable environment for both issuance and M&A is a…