2Q20 US syndicated down 46% y-o-y; 1H20 off 33%

Chart

Following the shock, fear and aggressive spread of the Covid-19 virus which brought the world to a standstill in 1Q20, the pandemic and its impact on the global psyche became a mainstay in 2Q20. Across the capital markets, virtual office environments were up and running far more quickly and successfully than many arrangers had anticipated.