Tag Archives: Corporate bond

REFILE-M&A, US surge to drive corporate bond market in 2015

LONDON, Dec 17 (IFR) – M&A-related financing and a US borrower surge will be the biggest drivers in next year’s European corporate investment grade market, syndicate officials say.

Euro-denominated issuance in the sector this year totals EUR234.5bn, up almost EUR25bn from 2013, according to Thomson Reuters data. And while many market players expect issuance in 2015 to be roughly the same as this year’s bumper volume, cross-border and M&A influences could boost it further still.

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BlackRock Weighs Merits of Standardized Corporate Bond Issues

BlackRock Weighs Merits of Standardized Corporate Bond Issues

BlackRock Inc. BLK +2.28%, anticipating a logjam in the corporate bond market as interest rates rise, is proposing a solution to lower trading volumes: having borrowers issue more-uniform deals.

Standardization in the $5.5 trillion U.S. investment-grade corporate bond market “looks unavoidable in the long run,” the asset manager said in a paper released Monday by the BlackRock Investment Institute, referring to the growing divide between how new and older bonds trade.

Interest rates remain near historic lows, but many investors have begun to worry that they will creep higher if the economy shows sustained improvement and central bankers wind down their post-crisis stimulus measures.

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