At least a hundred companies worldwide have delayed or pulled financing deals worth more than $45 billion since Russia’s invasion of Ukraine. The pulled deals mean the feast in fees that bankers experienced last year may be about to turn to famine. M&A HitMergers and acquisitions have not been left unscathed, with around 10 deals valued at more than $5 billion stalled since the war. In Japan, seven companies including Sumitomo Mitsui Construction Co. Ltd., Tohoku Electric Power Co. Inc. and Orix Corp. have pulled domestic bond issues totaling about $800 million. Other debt markets, including leveraged loans and asset-backed securities, are also struggling.

Source: Mint April 03, 2022 05:03 UTC