Top competitive underwriters 1H 2023 see little changes

Bonds

Enjoy complimentary access to top ideas and insights — selected by our editors.

Competitive underwriting rose in 1H, increasing to $41.467 billion in 1,668 deals from $34.945 billion in 1,569 deals, according to LSEG data.

The market share of competitive underwriting also grew to 17.5% from 14.7%.

The top 5 competitive underwriters remained in the same rankings from 1H 2023, while there was some shuffling with the remaining in the Top 10.

Truist and Raymond James entered the Top 10, bumping RBC Capital Markets and Citi, which announced its exit from the muni market at the end of 2023.

Articles You May Like

Huge primary day with $1B-plus deals from DC, Illinois; UST yields fall to lowest in a year
US accuses Google of dominating ad tech market as antitrust trial begins
Ed Rendell
Here’s why September and October are historically weak for stocks
Top Wall Street analysts pick these dividend stocks for attractive returns