Wall Street Bracing for $45 Billion of High-Grade Deals on Tap
- Two jumbo transactions may headline a front-loaded IG primary
- Junk issuance set for busiest first-half ever amid low yields
Photographer: Johannes Eisele/AFP/Getty Images
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Wall Street is bracing for flurry of new debt sales next week, with two jumbo deals expected to kick off the busiest primary high-grade calendar since mid April and high-yield issuance poised for a record first-half.
Blue-chip companies may raise between $40 billion and $45 billion next week, dominated by non-financial corporations exiting voluntary blackout periods. The two jumbo transactions are expected early in the week, according Bloomberg’s Brian Smith. The high end of the projection is nearly double this week’s supply volume of $26.15 billion and would make it the busiest week since back-to-back record-setting bank deals led to a $52 billion week in mid-April.