By Scott Murdoch and Patturaja Murugaboopathy
(Reuters) – Companies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic.
Companies have raised $65.5 billion through initial public offerings (IPOs) and high-yield bond issuances globally so far in August, the highest for that month in at least 10 years, according to Refinitiv data. They raised $98.6 billion in July and $126.5 billion in June, which was the highest in 20 years.
Graphic: Monthly global IPO proceeds https://fingfx.thomsonreuters.com/gfx/mkt/dgkpllgrapb/Monthly%20global%20IPO%20proceeds.jpg
It comes as governments and central banks have made at least $15 trillion of stimulus available to help economies withstand the fallout of the coronavirus pandemic..
The fact that bankers and investors were working during the traditional August holiday month, due to coronavirus