This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.

US primary market issuances stood at a massive $61.6bn vs. $50bn in the week prior to it. IG issuers took up $55.8bn of the total, led by the big banks – Goldman Sachs raised $16bn via a six-part deal, followed by Morgan Stanley and Wells Fargo’s $8bn multi-tranche deals each, and JPMorgan’s $6bn three-trancher. HY deals stood at $2.75bn, with volumes led by Bristow Group and EFL Environmental Inc raising $1bn each. In North America, there were a total of 20 upgrades and 30 downgrades, across the three major rating agencies last week. US IG funds saw $2.2bn in inflows during the week ended January 14, adding to the $4.3bn inflows seen during the week before that. US HY bond funds saw $371mn in inflows, adding to the $270mn inflows seen in the prior week.
EU Corporate G3 issuances stood at nearly $47bn vs. $85bn a week earlier. Volumes were led by DNB Bank’s €2.25bn two-trancher, followed by ABN Amro’s $1.75bn and SocGen’s €1.5bn two-part deals respectively. The region saw 17 upgrades and 7 downgrades across the three major rating agencies. Last week, the GCC dollar primary bond market saw $5.2bn in new deals with Saudi Electricity raising $2.4bn via a three-trancher followed by Saudi National Bank’s $1bn two-trancher. In the Middle East/Africa region, there were 12 upgrades and 1 downgrade each across the major rating agencies. LatAm saw $7.2bn in new deals led by Colombia’s $4.95bn three-part offering and Banco Bradesco’s $750mn issuance. The South American region saw 4 upgrades and no downgrades, across the three major rating agencies last week.
G3 issuances from the APAC ex-Japan region last week stood at $10.7bn vs. $13.1bn led by Indonesia raising $2.7bn via a three-part deal, follwed by ANZ Group and Kuaishou Technology’s $1.5bn via multi-tranchers each. In the APAC region, there were 3 upgrades and no downgrades each across the three rating agencies.
