'Emerging market issuers raise $301.4 bn via debt securities'

According to global dealtracking firm Dealogic, emerging market DCM volume has reached a record $301.4 billion in 2013 year-to-date

Emerging market economies, including India, have raised $301.4 billion through debt securities so far this year, registering a marginal rise of 4% from the year-ago period.

According to global dealtracking firm Dealogic, emerging market DCM (debt capital market) volume has reached a record $301.4 billion in 2013 year-to-date, up 4% from $290.5 billion recorded in the corresponding period a year ago.

In contrast, total DCM volume from developed countries has seen a 16% decline year-on-year to $1.38 trillion so far this year over the corresponding period a year-ago, Dealogic said.

While the emerging market DCM volume reached a highest year-to-date record, for developed markets, the DCM volume so far this year was the lowest since 2008.

Moreover, emerging market issuers also account for bigger slice of the global DCM volume. So far this year, they account for a 18% of global debt issuance which stood at $1.68 trillion in 2013.

Last year emerging market issuers had a 15% share in all global market debt issuance.

"Corporate bonds lead emerging market DCM volume with a record $198.6 billion in 2013 YTD, up 31% from the same 2012 period ($151.8 billion)," Dealogic said.

In terms of DCM bookrunner rankings, HSBC leads the emerging market bookrunner ranking in 2013 so far this year with a 5.6% market share, followed by Citi and JPMorgan with shares of 4.3% and 3.8%, respectively.