Business
Thomson Reuters Releases Fourth Quarter 2009 Gl...
Thomson Reuters Releases Fourth Quarter 2009 Gl....
About this update from Trifast Plc
[{"type":"text","content":"\n \n\n\n\n\nQ4 equity issues and appetite for global debt take spotlight as M&A fees dwindle\n\nLondon, New York, 6 January 2010 – Thomson Reuters has released the final fourth\nquarter 2009 global reviews for mergers & acquisitions and capital markets\nactivity.\n\nAnnounced global M&A finished the year at $1.97tr, down 32% from the 2008 total\n($2.89tr) and down 53% from the record high reached in 2007 ($4.17tr). US\ntargets accounted for 36% of global M&A activity, with $705bn in deals, while\nM&A was most active in the financial sector with $390bn in deals (although this\nfigure also represents a five-year low for M&A in that sector). Global buyside\nfinancial sponsor activity stands at a seven year low of $130bn.  Morgan Stanley\nis the leading advisor for global M&A with $620.6bn in deals.\n\nThe global equity markets took center stage in 2009 with record offerings from\nUS financial issuers and a surge in IPO offerings in the third and fourth\nquarters. Equity issuance reached $858.4bn this year, up 36% over 2008, with\n$294bn in follow-on issuance from global financial issuers. 44 IPOs priced in\nAsia in the fourth quarter, bringing the total annual proceeds to $73bn, a\nfigure over 133% higher than the 2008 total and accounting for 63% of global IPO\nactivity. JP Morgan is the lead bookrunner for global equity offerings with\n$103.7bn in underwriting.\n\nGlobal debt markets saw record appetite from investors, marking the highest year\non record for corporate debt offerings at $1.2tr in global issuance of\nnon-financial investment-grade corporate bonds. Issuance of high-yield bonds in\nthe fourth quarter reached $65bn, bringing the annual global total to a\nthree-year high of $176.1bn.  Government guarantee schemes in 16 countries\nraised $845bn in debt for qualifying issuers since various initiatives began in\nOctober 2008, with over 50% of such issuance coming from the US, France, and the\nUK. JP Morgan is the lead bookrunner for global debt offerings with $429.8bn in\nunderwriting.\n\nSyndicated loans issuance reached $1.5tr in 2009, a 41.5% decline from the 2008\ntotal and the lowest level of activity for the decade. Americas proceeds\ncomprised 43.6% of global volume with $668.8bn in proceeds while European\nlending accounted...