A few nuggets from the weekly Thomson Reuters “investment banking scorecard”:
U.S. investment-grade debt is enjoying a busy May (and the month’s not even over yet). Offerings total $70.9 billion from 61 issues so far this month, the largest monthly volume since last May’s record $143.3 billion.
Bolstered by energy and power companies, Indian syndicated lending volume totals $14.1 billion year-to-date. That makes it one of the few nations to experience a year-over-year volume increase, up 9% over 2008.
M&A’s still in the doldrums. Global M&A is down 38% year-on-year, at $693.1 billion. The decline is even more pronounced for European M&A (down 47%) and cross-border deals (54%), to say nothing of private equity (off 77%).
The full pdf is here: weekly_scorecard_052109