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Despite a higher volume of euro benchmark bond issuance in 2024 compared to a year earlier, spreads ground tighter all year in the investment grade corporate market, writes Mike Turner, with the average spread over mid-swaps paid by a high grade company down by more than 60%

Central bank interest rates cuts turbocharged the unsecured FIG market in 2024, making for a strong year for bond issuance. With further rate cuts in Europe expected in 2025, Atanas Dinov reveals how market participants expect the year to unfold

Political and economic uncertainty, quantitative tightening and new supply expectations weighed on the SSA sector in 2024, pushing spreads wider versus swaps throughout much of the year. With Donald Trump returning to the White House and questions over France and Germany’s political and economic direction, the coming year is unlikely to be smooth sailing for SSA issuers. To discuss the main trends and developments this year and their expectations for 2025, GlobalCapital convened a roundtable of leading SSA borrowers and an investor involved in this critical market

Although the Swiss franc bond market is on track for its best year since 2014, falling interest rates caused a sharp drop in issuance in the second half of 2024. Widening spreads made the market harder to navigate and, as Sophie Astles writes, the road ahead could be rocky

Sovereign, supranational and agency issuers made a rapid start to funding in 2024, which proved to be a year when being flexible enough to maximise investor demand proved invaluable. Among the best deals this year are some that captured the moment but also some that sought to do something completely new altogether

The higher the yield, the hotter the bid — or at least that is how it appeared for most of the year in the financial institution bond market. Investors latched on to the Greek FIG revival, duration and regulatory capital in a bid to boost their returns, which some issuers exploited deftly

Investment grade companies had one overarching bond market strategy this year: get everything done before November’s US election. The poll may have passed smoothly, but it was preceded by a market where borrowers were willing to take risks and push for ambitious deals. GlobalCapital recognises below the issuers that exemplified that courage and determination

GlobalCapital is pleased to present the nominations for its annual Awards for the loan, leveraged finance and private debt markets

Buyers already thinking about what happens once sanctions are lifted but many hurdles remain

The awards recognise the leading deals, individuals and institutions in Latin America's cross-border debt capital markets

◆ French government collapse scrambles bond market ◆ What next for French corporate, FIG, covered bond and public sector bond issuers? ◆ ECB Trials on distributed ledger technology: the verdict

Issuing senior bank bonds in December is unorthodox but could prove a winning strategy as investors still have plenty of cash sloshing around