Markets
A January to remember: The FI corporate bond market
February 11, 2022
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2 minutes
Amidst an uncertain global macro-economic and geo-political backdrop heading into 2022, many financial institutions (FIs) were keen to take advantage of historically attractive funding conditions supported by a resilient credit backdrop. As such, January 2022 witnessed a near-record month of financial issuance with ~US$110B of supply in the USD investment grade corporate bond market alone.
Navigating a complex landscape
Record primary market activity demonstrates the importance of prudent and strategic advisory as FIs react to challenging global markets by pursuing more defensive funding solutions. As economies recover from the global pandemic, clients must navigate a combination of rising rates, higher inflation, tapering government stimulus, continued supply chain disruption and expected central bank balance sheet runoff.
To best address challenging markets, FIs look to TD Securities' global capabilities for trusted advice and strategic solutions. In January alone, we actively led 14 investment-grade bond offerings for global FI clients (across North America, Europe and Asia) spanning a range of currencies (including USD, EUR, GBP, AUD and CAD) and products (from covered bonds to capital).
To best address challenging markets, FIs look to TD Securities' global capabilities for trusted advice and strategic solutions. In January alone, we actively led 14 investment-grade bond offerings for global FI clients (across North America, Europe and Asia) spanning a range of currencies (including USD, EUR, GBP, AUD and CAD) and products (from covered bonds to capital).
List of TD Securities-led (books) transactions in January 2022
Global collaboration driving client success
"We have had the opportunity to lead several strategic, and in some instances, record-breaking transactions within the first few weeks of 2022 – which is a testament to the trust and confidence clients place in our global teams," says Ed Arden, Group Head of FIG Debt Capital Markets, TD Securities. "Teamwork and collaboration drive our ability to optimize capital and funding objectives for our clients."
Learn more about our Debt Capital Markets team and how we deliver value to corporate and investment banking clients