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InfraDefence financings register

186 defence financings since 2015: bonds, convertibles, bank and acquisition facilities, export credit and government money. Filter, search and open any deal for its terms and primary sources.

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Dated records

Financing history, 2015–2026.

0102030Bonds, 2015: 772015Bonds, 16: 6Bank and acquisition loans, 16: 2Convertibles, 16: 1916Bonds, 17: 121217Bonds, 18: 6Bank and acquisition loans, 18: 6Government and export credit, 18: 11318Bonds, 19: 8Bank and acquisition loans, 19: 61419Bonds, 20: 21Convertibles, 20: 12220Bonds, 21: 6Bank and acquisition loans, 21: 81421Bonds, 22: 2Bank and acquisition loans, 22: 8Convertibles, 22: 1Government and export credit, 22: 11222Bonds, 23: 13Bank and acquisition loans, 23: 1Convertibles, 23: 1Government and export credit, 23: 11623Bonds, 24: 7Bank and acquisition loans, 24: 1Convertibles, 24: 2Government and export credit, 24: 41424Bonds, 25: 12Bank and acquisition loans, 25: 5Convertibles, 25: 2Government and export credit, 25: 92825Bonds, 26: 8Bank and acquisition loans, 26: 2Government and export credit, 26: 152526
BondsBank and acquisition loansConvertiblesGovernment and export credit

By date of signing, pricing or announcement. Volume in US$bn at approximate annual average rates; 2026 runs to 27 Oct 2026. Select a bar to open its records.

Show the figures
YearBondsBank and acquisition loansConvertiblesGovernment and export creditTotal
20157 · US$15.2bn–––7 · US$15.2bn
20166 · US$7.2bn2 · US$1.3bn1 · US$300m–9 · US$8.8bn
201712 · US$21.1bn–––12 · US$21.1bn
20186 · US$20.6bn6 · US$9.3bn–1 · US$0m13 · US$30.0bn
20198 · US$6.0bn6 · US$7.9bn––14 · US$13.9bn
202021 · US$22.8bn–1 · US$350m–22 · US$23.1bn
20216 · US$7.5bn8 · US$14.3bn––14 · US$21.8bn
20222 · US$6.3bn8 · US$12.5bn1 · US$34m1 · US$1.3bn12 · US$20.1bn
202313 · US$22.8bn1 · US$730m1 · US$1.1bn1 · US$899m16 · US$25.5bn
20247 · US$18.7bn1 · US$1.0bn2 · US$882m4 · US$11.1bn14 · US$31.7bn
202512 · US$10.2bn5 · US$3.7bn2 · US$1.8bn9 · US$3.6bn28 · US$19.3bn
20268 · US$6.0bn2 · US$2.2bn–15 · US$8.9bn25 · US$17.2bn
Register composition

What is being financed?

Bonds: 108Bank and acquisition loans: 39Convertibles: 8Government and export credit: 31
186financings
Bonds10858%
Bank and acquisition loans3921%
Convertibles84%
Government and export credit3117%

One instrument per record. Volume counts funded debt and government money at US$ equivalents; programme-level and conditional commitments are counted, not added.

Show the figures
InstrumentFinancingsFunded (US$)
Bonds108US$164.4bn
Bank and acquisition loans39US$53.0bn
Convertibles8US$4.5bn
Government and export credit31US$25.7bn
Arrangers

Who leads the deals.

BofA SecuritiesUS$116.2bn
J.P. MorganUS$105.6bn
Wells FargoUS$94.9bn
MizuhoUS$86.3bn
CitigroupUS$83.2bn
Goldman SachsUS$82.3bn
Morgan StanleyUS$75.0bn
SMBC NikkoUS$46.7bn
Credit Agricole CIBUS$43.4bn
US BancorpUS$42.0bn

Bookrunner, arranger and direct lender roles from the filings. Lead volume is the full deal size, not each bank's share. All lenders →

Show the figures
BankLead volume (US$)Lead roles
BofA SecuritiesUS$116.2bn51
J.P. MorganUS$105.6bn51
Wells FargoUS$94.9bn40
MizuhoUS$86.3bn29
CitigroupUS$83.2bn40
Goldman SachsUS$82.3bn34
Morgan StanleyUS$75.0bn29
SMBC NikkoUS$46.7bn31
Credit Agricole CIBUS$43.4bn16
US BancorpUS$42.0bn25

The market in charts

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The instruments

Randeep Bubbra
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