That’s The Number Dollar Bond Deals In The US
Companies are either proactively pulling forward bond deals or are proactively building war chests,” says Jonny Fine of Goldman Sachs
NEW YORK, May 26 (The CONNECT) -Companies have issued $138 billion of U.S. investment-grade bonds in May, pulling forward deals in case the country’s debt ceiling uncertainty continues into the summer, Goldman Sachs reports.
“Companies are either proactively pulling forward bond deals or are proactively building war chests,” says Jonny Fine, head of Investment Grade Syndicate in the Americas in Goldman Sachs’ Global Banking & Markets business. “We’re also seeing a notable uptick in issuance and performance from financial services companies after months of muted supply following the stress in U.S. regional banks this spring.”
As a result, May is likely to be one of the busiest months of the year for overall investment-grade debt issuance, already outpacing last year’s levels of $96 billion. (Data is as of May 23 and is sourced from Dealogic.)
