
Global DCM revenues in 1H12 hit record low since 2010
But Asia Pacific DCM volume reached a record high $455.0bn in 1H 2012.
According to Dealogic, global DCM volume totaled $3.31tr in 1H 2012, a 4% decrease on 1H 2011 volume of $3.45tr and the lowest 1H volume since 2008. 2Q 2012 volume of $1.30tr was down 18% on the comparable period in 2011 and also down 36% on 1Q 2012 ($2.02tr).
Here's more from Dealogic:
Global DCM Revenue
Global DCM Revenue of $10.0bn in 1H 2012 was down 6% on the same period in 2011, and was the lowest first half revenue since 2010. Despite this, DCM accounted for 33% of total IB revenue, up from 26% in 1H 2011 and the highest share since 1H 2003 IG bonds accounted for 40% of DCM revenue and regained the top spot by deal type after losing that position to High Yield bonds in 1H 2011.
Asia Pacific (ex Japan) DCM volume reached a record high $455.0bn in 1H 2012, up 19% from $383.6bn in 1H 2011. Asia Pacific (ex Japan) accounted for 14% of global DCM issuance in 1H 2012, up from an 11% share in 1H 2011.