The scale of global corporate bond issuance hit a record high in August
So far this month, the global corporate bond issue size is close to $ 120 billion (since the value of the same month, the highest since records began in 1995), for the same month, the average issue size of $ 58 billion, more than twice the data provider Dealogic said.
European corporate bonds this month issue size of $ 12 billion, higher than the average of $ 8,000,000,000, the support of the governor Mario Draghi (Mario Draghi) speech by the European Central Bank (ECB) because risk appetite. Draghi last month said it would take “all necessary measures” to support the euro.http://www.rbhot.com/
Asian corporate bond issue size is also very impressive month climbed to $ 41 billion from $ 27 billion in August 2011. PineBridge Investments (PineBridge Investments) global credit and fixed-income business executives Steven • Austria (Steven Oh), said, “Investors have been committed to capital allocation to the relative safety of the region, at the same time get a rate of return higher than the main sovereign bonds . ”
However, the corporate bond issuance scale of the biggest increases in the month the United States. The investors demand driven, high-yield bond issuance reached $ 27 billion, much higher than the average of $ 7 billion in August. Investment-grade corporate debt issue size of $ 35 billion, also higher than the average of $ 27 billion in August.
ING Investment Management (ING Investment Management) the senior loan department Managing Director Dan • Norman (Dan Norman), said, “This summer, the technology needs of the market for high-yield loan assets is very strong”.
“Compared with historical levels can be found RayBan, the bonds (yield) is very large and the difference between the yield of U.S. Treasury bonds and other varieties.”
The rise in risk appetite, slightly easing the pressure of the big banks of the deep crisis of the euro zone peripheral countries. Banco Santander (Santander) and, Yusin Bank (Unicredit) have access to the public debt market financing, respectively, to become the first few months to Spain and Italy the banks to issue bonds.http://blog.livedoor.jp/xtc668-xtc668/
French bank Societe Generale (Société Générale) global debt capital markets business executives 迪米特里欧 Adams • Salo Rio (Demetrio Salorio) said that, in recent weeks, the European investors keen to invest in their hands out, especially purchase of bank debt. But, he added, is now showing signs of weakening demand in Europe.
“The problem is that the market sentiment in recent days a lot of apparent indifference,” Salo Rio said, “People will be back from vacation found, perhaps, did not achieve any consensus between the European Central Bank and the European Stability Mechanism (ESM).”
In the first three weeks of this month, Markit iTraxx Europe index fell by nearly 20%. The index tracks the changes in Europe 125 most liquid investment grade bond default insurance costs.
Processing your request, Please wait....
