New year US corporate bond issuance tally tops $45 billion

Jan 3 (Reuters) – U.S. corporate borrowers are raising nearly $16 billion in high-grade rated bonds on Wednesday, adding to a $29 billion issuance binge on Tuesday, as companies looked to grab strong investor demand ahead of economic data releases. Among the issuers was Berkshire Hathaway-owned utility Pacificorp (PPWLO.PK), which raised $3.8 billion in bonds that…

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Coast is Clear for Bond Buyers in 2024: Manager

With central banks near the end of the tightening cycle, veteran fixed income specialist Roshan Thiru argues that after a difficult 18 months, Canadian corporate bonds have become highly attractive, and he expects they will generate attractive returns in 2024. “For the bond market as a whole, it has felt like forever. We were stuck in…

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