EDC’s latest new issue of $500 million green bonds sold out in less than a week, turning away over $1 billion of unfilled investor demand. Source: National Observer Canada’s federal credit agency has turned down nearly $1 billion in eco-friendly investments after selling out the latest batch of its specialized ‘Green Bonds‘ in less than…
Apple Inc.’s surprise foray into Canadian-dollar debt has pushed corporate issuance to a near-record, making this year the busiest year for Maple bonds since 2007. Source: BNN Apple Inc.’s surprise foray into Canadian-dollar debt has pushed corporate issuance to a near-record with more companies expected to beat a path north in search of attractive borrowing rates. Foreign…
Like stocks, corporate debt valuations are worrying, with early signs of investors starting to take a more defensive posture. Source: The Epoch Times The exuberance in U.S. corporate bonds follows that in stocks but is likely to end soon, according to Gluskin Sheff chief economist and strategist David Rosenberg. Investing in the asset class isn’t…
Investor angst in financial markets is suggesting Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns. Source: Bloomberg Financial markets are suggesting the political drama surrounding Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns….
A recent survey finds that German banks have tried to charge 20% of corporate customers negative interest rates. Source: Financial Times Almost one in five German companies has had their bank trying to charge negative interest rates — meaning they would have to pay the lender for the privilege of keeping their money on deposit….
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Amazon sold $16 billion of bonds in a seven-part deal to finance its $13.7 billion acquisition of Whole Foods, and analysts were upbeat. Source: MarketWatch Amazon.com Inc. on Tuesday completed a $16 billion bond deal to fund its planned $13.7 billion acquisition of Whole Foods Market Inc. The issue came a day after ratings agency Moody’s…
The Bank of Canada is considering issuing more ultra-long bonds in the future by reopening 50-year bonds via a modified auction. Source: BNN TORONTO – Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond…
For the first time, Apple is selling $2.5 billion of seven-year bonds in Canada – the biggest single-tranche debt offering by a foreign issuer in Canadian dollars. Source: Globe and Mail Apple Inc. is selling $2.5-billion of seven-year bonds in Canada to fund stock buybacks and dividends in what would be the biggest single-tranche debt…
Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Source: Bloomberg Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Deutsche Asset Management has reduced holdings of…
With trading volumes for US corporate bonds up
