“Robust Debt Market Keeps Humming At Record Levels”
Law360 | April 28, 2021
Easy monetary conditions and pandemic-related relief are fuelling a rush of notable offerings that has kept capital-markets attorneys busy and corporate bond sales matching last year's breakneck pace so far in 2021.
In an interview with Law360, our Head of Investment Research, Chanakya Dissanayake, shares insights on refinancing being the biggest driver of debt sales, accounting for about 60% of offerings in 2021, followed by issuance to support mergers and acquisitions (15%).
Extract from the article: “We expect banks to remain among the largest issuers this year, as the extra cash would not only help them pass the Fed stress test, but also pave the way for resuming dividends and buybacks later this year”