Avery Champion

4 weeks ago | ionanalytics.com | Adam Samoon |Avery Champion

Data Insight There has been a recent sense of encouragement coupled with a tinge of disappointment for investors craving new bond supply. Global bond issuance volumes fell year-on-year (YoY) in 1Q25 despite a solid backdrop of several consecutive weeks of fund inflows, rampant collateralised loan obligation (CLO) formation, and tight spreads offering potential cheap coupon costs.

Jan 9, 2025 | ionanalytics.com | Anjali Piramal |Mrinal Agarwal |Avery Champion

League Table Last year saw the return of M&A as central banks globally cut interest rates, corporates engaged in M&A, and financial sponsors put dry powder to work. Kirkland & Ellis not only retained its 2023 throne as the number one player by volume globally but also extended its lead over silver medalist Latham & Watkins, according to Mergermarket’s global and regional M&A rankings 2024. In 2023, Kirkland beat Latham by USD 36bn in total value.

Jan 6, 2025 | ionanalytics.com | Anjali Piramal |Mrinal Agarwal |Avery Champion

League Table In 2024, mergers and acquisitions (M&A) volume increased across all three regions – Americas, EMEA and Asia-Pacific – driven by lower interest rates, non-core corporate divestitures, and an increase in financial sponsor-led activity. Goldman Sachs displayed its dominance by maintaining its pole position in the US and gaining one spot each in Europe and Asia-Pacific, as per Mergermarket’s full-year financial advisory rankings.

Dec 20, 2024 | ionanalytics.com | Jelena Cvejic |Ben Watson |Avery Champion

Leveraged finance (LevFin) issuance across the US and European institutional loan and high-yield (HY) bond markets soared to USD 1.86trn in 2024 year-to-date (YTD), surpassing the previous record of USD 1.60trn from 2021. LevFin markets roared back into action this year as strong investor demand and tighter spreads created supportive conditions for issuance. However, the record-breaking gross volume was largely buoyed by a deluge of refinancing and repricing activity.

Dec 17, 2024 | ionanalytics.com | Jose Castro |José Roberto Castro |Avery Champion

Data Insight Geopolitical uncertainty in the fourth quarter cooled loan market issuance in the Americas, EMEA and Asia-Pacific (APAC) regions, but not enough to significantly impair 23% year-on-year (YoY) growth, according to Dealogic data. During a year when loan markets responded to interest-rate cuts in most major economies around the world, high volumes in 2024 have been based largely on refinancing existing leveraged debt.