IGM Global Credit Snapshot - June 2024

Published 5th July 2024 I By Gavin Kendrick

Key Takeaways:

• Europe: Issuance dropped to EUR81.761bn, the lowest since October 2023. Political uncertainty led to the year's lowest cover ratios and highest NICs.
• APAC: Issuance surged from USD5.7bn in early June to USD31.584bn later. NICs rose but stayed low; cover ratios weakened.
• US: Ex-SSA issuance hit USD102.675bn, beating all estimates. June marked the fifth time in a decade surpassing USD100bn, with industrials and FIG leading.

See our Global Credit Snapshot for June 2024 below for further details.