Market developments

Some $31bn of issuance came to the private placement market during the first nine months of 2010, which is more than twice the level seen in the same period last year, and back to pre-“crisis” levels. Of this, approximately $11.3bn was seen in the third quarter. This contrasts sharply to the third quarter of 2009, when issuance totalled around $6.2bn.

Investor demand continued to far outstrip the supply of deals, and overall market conditions remained favourable to issuers. Deals were oversubscribed in almost all instances. Some transactions even priced inside of public market comparables.

M&G Fixed Income asset classes: Government Bonds; Corporate Bonds; Leveraged Finance; Infrastructure Finance; Alternative Credit

Pooled Funds: Visit our pooled funds website to find out more about our range of fixed income pooled funds.

For professional investors only. Not for onward distribution. No other persons should rely on the information contained within this website.
M&G Investments is a business name of Prudential Pensions Limited and M&G Investment Management Limited, and used by other companies within the Prudential Group. Prudential Pensions Limited and M&G Investment Management Limited are registered in England and Wales under numbers 992726 and 936683 respectively with their registered office at Laurence Pountney Hill, London, EC4R 0HH. Registered for VAT number, GB235 3237 81. Prudential Pensions Limited and M&G Investment Management Limited are authorised and regulated by the Financial Services Authority. Prudential Pensions Limited is registered on the FSA's register, No. 110434 (www.fsa.gov.uk/register/). M&G Investment Management Limited is registered on the FSA’s register, No.119328 (www.fsa.gov.uk/register/).
Prudential plc is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America.