While government debt accounted for the lion’s share of new issue activity ($157.4 billion worth), growth was stronger in corporate debt. Issuance rose 40% year-over-year in that segment, compared with a 12% rise in government issuance.
Among corporates, the financial sector led the way in new issue activity, the firm reported — representing 18.1% of total corporate debt activity, followed by the energy and power sector with a 12.7% share.
At the same time, equity issuance was down 9% in 2024 to $15.3 billion, LSEG said. Deal volume slipped 5% from last year.
The materials sector drove equity issuance in 2024, accounting for almost half (47.1%) of deal activity. The energy sector came second with a 17% market share and the industrials sector ranked third at 7.9%.
RBC Capital Markets maintained its hold atop the underwriter rankings, leading the overall league tables for both debt and equity.
According to LSEG, RBC…
