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Debt Capital Market Update - Q3 2023

TKO Miller

TKO Miller Debt Capital Market Analysis Leverage multiples have pulled back significantly in M&A transactions from their 2021 peaks due to a tightening of the lending environment, Sr. Debt / EBITDA, decreased from 4.0x in 2021 to 3.5x in Q2 of 2023 (as shown in the below graph).

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Today's Capital Markets

PCE

Wednesday, May 17, 2023 Given today’s economic uncertainty—and all the focus on rising interest rates, bank failures, and market conditions—business owners and financial executives may find that debt markets are top of mind.

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Successfully Navigating Credit Market Requires Relationships, Credibility and Experience

Global Banking & Finance

Successfully Navigating Credit Market Requires Relationships, Credibility and Experience By Jeff Glasse, Managing Director, Debt Capital Markets, Oberon Securities Even solid companies with long-established lender relationships are now occasionally facing uncertainty regarding their future financing and finding themselves in need of outside support. (..)

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Deutsche Bank set to expand investment banking remit in South Korea

The TRADE

Deutsche Bank has re-entered the local DCM in South Korea as it expands its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capital markets. It also provides asset management services to its South Korean clients through Deutsche Bank subsidiary, DWS.

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StoneX to acquire fixed income broker Octo Finances

The TRADE

It specialises in bond and convertible sales, debt capital markets and credit research. We are committed to fully supporting its growth and extending our products and capabilities to its high-quality client base.” Fixed income broker Octo Finances is in Paris.

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State Street to become first foreign participant to trade Korean onshore interbank FX market

The TRADE

Prior to that, in July, Deutsche Bank made a return to the local DCM in South Korea as it continued the expansion of its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capital markets.

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The results so far: Equities rebounding as market stays primed for continued macro uncertainty

The TRADE

billion, posting its third best quarter for capital markets ever – again in large part thanks to stronger performances in equities. Jefferies Jefferies’ results saw a net revenue of $1.74 year on year (up 47.9% from Q4 2023), fixed income net revenues remained consistent from year on year.