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Corporate fundraisings slide 25% during market rout of 2022

Financial Times LogoFinancial Times1 mo ago

Corporate fundraisings slide 25% during market rout of 2022

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Asian and Middle Eastern markets, while still weak, were substantially stronger, with blockbuster deals in the first half including the $11bn IPO of South Korea’s LG Energy and the $6bn listing of Dubai Electricity and Water Authority.

Across Asia, corporate bond sales slipped compared to 2021’s bumper first half, but still posted their third consecutive year of more than $1tn of issuance.

Interest rate expectations have also rapidly recalibrated and investors now expect the Federal Reserve’s benchmark interest rate to sit at roughly 3.5 per cent by the end of 2022, which would mean markets ending the year with the highest federal funds rate since the start of 2008.


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Article Details

Author / Journalist: Nicholas Megaw

Category: MarketsFinanceInvesting

Topics: Quarter 2022 Cent Raised Year Financial Markets Corporate First Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 04:00:20

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 6 minutes read

Article Length: 961 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 24273

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 16 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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