Canadian equity issuance rises 36% in first quarter, debt holds steady
Thomson Reuters has released its Q1 2014 Canadian Capital Markets Review, a set of league tables ranking underwriting activity by Canadian banks across equity and debt. RBC placed first across several metrics, including overall debt issuance, corporate debt, and equity issuance. Following RBC with $1.22 billion, Scotia and BMO placed second and third in equity standings with $1.15 and $1.07 billion, respectively. In bonds, RBC's $8.98 billion of debt issuance was closely followed by TD with $8.69. Overall, $38.9 billion of debt from 98 deals was raised in the first quarter, up slightly from the year before. A total of $8.3 billion of equity was raised from January to March by 116 companies, up 36% from Q1 2013.
3 April 2014•3 mins read
