Value of international debt capital market deals by currency 2023

The U.S. dollar was the currency most commonly used for deals on the international debt capital market in the second quarter of 2024. At that time, the value of deals in that currency was 774 billion U.S. dollars. 

What is debt capital market?

The debt market is the part of the capital market on which fixed-interest securities are traded. These securities include, for example, government, municipal, corporate or mortgage bonds. It allows the companies and governments to raise capital through issuance of debt securities. In case a company or a government decides to collect additional money on debt capital market, it issues debt securities and sells them to investors. Depending on financial situation of the company issued bonds can obtain different ratings. The better the company is perceived in the market, the lower interest rates it has to pay for raised capital.

Other ways of raising capital

Some companies can access money via venture capital or private equity funding, where money comes from high net worth individuals, investment funds, banks or other financial institutions. For larger and well-established companies going public can be an option and raising money among investors. This process is called initial public offering (IPO).