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 ( 8 Sep – 14 Sep 2025)
September 15, 2025
US primary market issuances continued to stay active with $44.2bn in new deals last week vs. $52bn in the week prior to it. IG issuers took up $35.7bn of the total, led by Wells Fargo’s $4bn three-tranche issuance and Elevance Health’s $3bn four-part deal. HY deals stood at $8.3bn, led by Norwegian Cruise Holdings’ $2.05bn two-part issuance, followed by $1bn issuances each by GMR Buyer, Light & Wonder and UWM Holdings. In North America, there were a total of 35 upgrades and 26 downgrades, across the three major rating agencies last week. US IG funds saw $2.1bn in inflows during the week ended September 10, adding to the $2.8bn inflows seen during the week before that. US HY bond funds saw $1.2bn in inflows, reversing the $250mn outflows seen in the prior week.
EU Corporate G3 issuances dropped to $25.1bn vs. $40.4bn in the prior week, with volumes led by Nebius Group’s $2.8bn two-tranche deal and Repsol’s $2.5bn three-part issuance. The region saw 29 upgrades and 32 downgrades across the three major rating agencies. Last week, the GCC dollar primary bond market saw $8bn in new issuances, similar to the $8.4bn in new deals seen a week before that. This was led by Aramco’s $3bn two-tranche sukuk, followed by Al Rajhi and Saudi Arabia’s $2bn deals each. In the Middle East/Africa region, there were 4 upgrades and 5 downgrades across the major rating agencies. LatAm saw $1.7bn in new issuances led by CFE Fibra’s $725mn issuance and Energuate’s $600mn issuance. The South American region saw 1 upgrade and 4 downgrades across the three major rating agencies last week.
G3 issuances from the APAC ex-Japan region stood at $5.4bn vs. $7.4bn in the prior week. This was led by Korea’s $1.5bn two-trancher, followed by CCB Shipping’s $800mn issuance and Westpac’s $750mn deal. In the APAC region, there were 6 upgrades and 8 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.