This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
The Week That Was (09 June 2025 – 15 June 2025)
June 16, 2025
US primary market issuances stood at $18.8bn vs. $36.3bn in the previous week. IG issuers took up $16.1bn of the total, led by Brown & Brown’s $4.2bn six-trancher, followed by Analog Devices and M&T’s $1.5bn two-part issuances each. HY issuances stood at $2.6bn, led by Whirlpool’s $1.2bn two-part issue and Uniti Group’s $600mn deal. In North America, there were a total of 48 upgrades and 34 downgrades each, across the three major rating agencies last week. US IG funds saw $2.3bn in inflows during the week ended June 11, adding to the six-month high $4.1bn inflow seen during the week before that. US HY bond funds saw investors pour-in $1.1bn, adding to the $1.5bn inflows in the prior week.
EU Corporate G3 issuances rose to $34.8bn vs. $44.9bn in the prior week, led by Credit Agricole’s €3.25bn, followed by Volkswagen’s €3bn four-part deal. The region saw 40 upgrades and 28 downgrades each, across the three major rating agencies. The GCC dollar primary bond market saw no issuances last week, as compared to $750mn the prior week. In the Middle East/Africa region, there was only 1 upgrade and no downgrade across the major rating agencies. LatAm saw $500mn in new issuances last week, with a sole deal in FS Industria vs. $3.9bn in issuances the prior week. The South American region saw 4 upgrades and 1 downgrade each across the three major rating agencies last week.
G3 issuances from the APAC ex-Japan region stood at $7.5bn vs. $8.1bn in the prior week. This was led by ANZ raising $2.75bn via a three-trancher, followed by Guangdong Hengjian Investments’ $1bn two-tranche deal, and NAB’s 750mn issuance. In the APAC region, there were 13 upgrades and 7 downgrades across the three rating agencies.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.