Canadian capital markets issuance declined in first nine months

first_img Strong fundamentals to offset headwinds for dealers in 2021: Fitch James Langton Frothy markets to buoy Wall Street in 2021: Fitch Secondary offerings produced total proceeds of $19.5 billion from 212 deals in the first nine months of the year. This was down by 22.3% from the same period in 2017, while proceeds for preferred securities issues dropped by almost 50% year over year to $1.9 billion.The top equity underwriter so far this year is TD Securities, ranking first in equity and equity-related issuance, secondary offerings, common stock and preferred securities. BMO Capital Markets topped the league tables for initial public offerings, while Scotia Capital placed first in retail structured products, Thomson Reuters reports.Overall Canadian debt securities issuance for the first nine months of the year was $132.6 billion, which is down by 6.8% from the same period in 2017. In Q3 2018, debt proceeds dropped by 31.8% from Q2 2018, and the number of offerings fell by 23.4%.TD  ranked first in the debt rankings, leading the way in all debt offerings (including self-funded deals), domestic corporate debt and corporate Maple debt. National Bank Financial led the way in Canadian government debt issuance, while RBC Capital Markets placed first in all debt (excluding self-funded deals) and Citi ranked first in Canadian cross-border transactions. Canaccord joins S&P/TSX Composite index Facebook LinkedIn Twitter Related news Overall issuance in Canadian debt and equity markets declined through the first nine months of the year, according to the latest data from Thomson Reuters.Overall equity issuance through the end of September was $23.9 billion, down by 24% from the same period a year ago, while the number of deals was essentially flat year over year. Total proceeds in the third quarter (Q3 2018) dropped by 48% from Q2 2018, and the number of deals dropped by 28.2%. Keywords Investment dealers Share this article and your comments with peers on social media Stock exchange board with abstract background alexmit/123RFlast_img read more