M&A Is Seen Supercharging Global Corporate Bond Sales Next Year

A pickup in mergers and acquisitions is expected to fire up global corporate bond issuance in 2025, according to Wall Street credit analysts.

Interest rate cuts and potentially looser regulations after US President-elect Donald Trump takes office are seen leading to more dealmaking, making M&A a larger driver for bond sales. This, along with refinancing needs in Europe, may push supply of investment grade and junk bonds above 2024’s total, according to analyst projections compiled by Bloomberg.

US syndicate desks are expecting investment grade issuance of $1.4 trillion to as high as $1.9 trillion, compared with this year’s $1.5 ...