Debt Capital Markets Overview 2020
In line with the record setting issuance of $2 trillion of corporate debt in 2020, Blaylock Van completed a record year of underwriting 57 deals. Total notional amount of debt reached over $164 billion for Blaylock Van.
Blaylock Van’s spectrum of deals involved maturities raging from 2 to 50 years, and ratings from single B to AAA. A significate number of our deals included liability management and M&A funding.
A few landmark transactions included; Alphabet, Apple, AT&T, Bristol Myers, Citibank, Comcast, Ford, General Dynamics, IBM, Nasdaq, Qualcomm, T-Mobile, Toyota Motor Credit and Wells Fargo.
In addition to participating in a record number of debt deals, Blaylock Van was a joint lead manager for Toyota Motor Credit and Citigroup. Citigroup, which typically serves as a sole lead bookrunner on all of their transactions, mandated Blaylock Van, along with three other diversity firms, as joint-lead managers, on a social bond for affordable housing. Toyota Motor Credit appointed Blaylock Van, along with a number of other diversity firms, as a joint book runners, in a senior unsecured debt transaction.
Looking forward to 2021, Blaylock Van is expecting approximately $1.2 trillion in debt issuance, in line with overall street estimates. Impacting debt volume for this year, will of course be M&A activity, and balance sheet management.