The initial debt offering by Quebec-based Alimentation Couche-Tard Inc. was priced at very attractive terms for a three-part offering totalling US$2.5 billion. Source: Financial Post It is not the biggest initial debt offering by a Canadian company in the U.S. dollar market but at US$2.5 billion, the three-part offering by Quebec-based Alimentation Couche-Tard Inc. that was…
Economists expect the Bank of Canada to raise its policy rate again in October; however, Canada’s bond market is signalling the BoC will not reach its two-per-cent inflation target anytime soon. Source: BNN Canada’s bond market is signalling the Bank of Canada will not reach its two-per-cent inflation target anytime soon, suggesting the central bank is…
Far from a cause for worry, issuing debt to fund pensions is actually a smart move for public companies like Kroger. Source: Barrons It must have raised some eyebrows on Monday when supermarket chain Kroger launched a big $1.5 billion bond sale—with a primary goal of funding its pension plans. Contributing to retirement plans may…
Amid narrowing spreads, non-investment-grade credits are expensive, cautions Greg Kocik of TD Asset Management. Source: Morningstar With high-yield-bond spreads over U.S. Treasuries approaching relatively low levels, and uncertainty about the Federal Reserve’s plans to start the process of unloading trillions of dollars of bonds from its balance sheet this fall, Greg Kocik argues that it…
Financial technology is upending supply chains and payment systems around the world, and it is starting to change major capital financing. Will technology transform the primary capital markets? Source: IFR Asia Barely a week passes these days without a senior investment banker leaving for a financial technology start-up. With jobs less secure and bonuses down,…
The green bond market is flourishing, but there is plenty of room for further growth. Treasury Today looks at the development of the market and explore why corporates should consider issuing green bonds. Source: Treasury Today In his outgoing address, former US President Barack Obama said: “We’ve led the world to an agreement [the Paris Accords]…
Prime interest rate at 5 of Canada’s biggest banks to rise to 2.95% on Thursday. Source: CBC News Canada’s five biggest financial institutions increased their prime interest rates on Wednesday, shortly after the Bank of Canada increased its key interest rate for the first time in seven years. The Royal Bank of Canada was the first…
A new partnership between UK Export Finance and Britain’s biggest lenders including Barclays, HSBC and Royal Bank of Scotland aims to increase exports post-Brexit. Source: Financial Times The UK government has struck a deal with Britain’s biggest high street banks to extend millions of pounds of lending to small businesses as part of broader plans to boost…
Speculation about an interest rate hike comes amid a flurry of strong economic news this year. The Bank of Canada is expected to announce a rate call on Wednesday July 12. Source: Investment Executive The Bank of Canada (BoC) is expected to raise its key interest rate target for the first time in almost seven years on Wednesday…
A long-awaited plan enabling foreign investors to buy and sell Chinese bonds has been launched. Source: BBC News The Bond Connect programme is Beijing’s latest attempt to open up its financial markets and attract foreign capital. China’s $9 trillion bond market is the third-largest in the world, but only 2% of Chinese bonds are foreign-owned. The…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
