World News

Coronavirus crimps global debt issuance volumes: LSE

(Reuters) – London Stock Exchange Group <LSE.L> said it saw a marginal decline in year-on-year global debt issuance volumes in the first quarter, despite a flurry of public sector and investment grade activity in March as the coronavirus pandemic intensified.

The exchange reported $110 billion of debt capital was raised on its venue in the first quarter, in 437 bond issuances, with deals struck by a range of corporate, sovereign and supranational entities.

This compared with 264 bonds issued on the London Stock Exchange during the same period a year ago, raising $94 billion in debt capital.

(Reporting by Muvija M in Bengaluru, editing by Sinead Cruise and Simon Jessop)