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June 9, 2022updated 06 Jun 2022 8:49am

Debt offerings decreased in the mining industry in H2 2021

Debt offerings in the mining industry operations and technologies sector have seen a decrease of 14.3% from H2 2020 to H2 2021, an analysis of GlobalData's deals database reveals.

By Data Journalism Team

In the second half of 2021 the number of debt offerings decreased by 14.3% from the same period in 2020.

This marks an acceleration in growth from the 73.3% decrease in deals that occurred in H1 2021 relative to the same period a year earlier.

During the second half of 2021, debt offerings accounted for 9% of all deals taking place in the sector. This represents a decrease from the figure of 12.9% in the second half of 2020.

GlobalData's deals database is a comprehensive repository that looks at mergers, acquisitions, venture financing, equity offerings, asset transactions, partnerships, and debt offerings taking place daily between thousands of companies across the world.

The database details key deal information, such as deal summary, deal rationale, deal financials, parties involved, advisors and deal payment modes.

By tracking the proportion of various types of deals in each sector we can gauge which sectors are seeing growth and where others are struggling.

The highest value debt offering announced in 2021 (where the deal value was known), is the funds to be raised by Jiangxi Copper in an offering of bonds.

The debt offering is set to be worth $2.15bn.

The database states that the rationale behind this deal was as follows: "Jiangxi Copper intends to use the proceeds to repay interest-bearing loans and replenishing working capital or project constructions."

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