Canadian Tranasctions

What is everyone seeing in the market these days?


The 5 year bond went absolutely bonkers in the past month increasing by effectively 50bps in the past month and jumping around like crazy. The volatility makes it even harder to underwrite your deals given the cost of capital is bouncing.


Is anyone getting deals done or is it pretty much standstill until the dust settles?


How is everything thinking about deals from a debt perspective? Is a 2 year hold at a higher rate then refi thereafter?


Region
 

O&G and mining deal flow has been strong. Lots of live mandates right now. Pandemic generated a lot of CF for resource extraction companies (that were well positioned) and management teams have been sitting on massive war chests of funds riding out market inflation concerns.

They are now active in the market looking to acquire assets, as M&A premium are at a discount to development costs/timelines.

 

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