New debt issuance in the months ahead will show whether spreads will hold at current levels or tighten further.
If you are interested in a detailed breakdown of just how much
new debt issuance OBE's can create, check out this article from Mauldin Economics.
The deal also will require a large amount of
new debt issuance, although there are no financing conditions tied to closing.
At the same time, the budget calls for
new debt issuances, outstanding debt and annual service payments over the next five years.
Not exact matches
France's AXA says it will spend $ 15.3 billion on buying
New York - listed insurer XL Group and speed up its plans to spin off its American life insurance business — the IPO would give it $ 6 billion to help fund the XL purchase, with the rest coming in the form of cash and
debt issuance.
The bill's passage also potentially complicates Treasury
issuance relative to the
debt ceiling, as lower tax receipts under the
new tax plan could cause Treasury to run out of extraordinary measures earlier than originally thought.
If we raise additional funds through further
issuances of equity, convertible
debt securities, or other securities convertible into equity, our existing stockholders could suffer significant dilution in their percentage ownership of our company, and any
new equity securities we issue could have rights, preferences, and privileges senior to those of holders of our Class A common stock.
Walgreens expects to finance the transaction through a combination of existing cash, assumption of existing Rite Aid
debt and
issuance of
new debt.
In September, however, the law allowing the Ministry of Finance to issue
debt expired, bringing
new issuances to a halt.
This
new US rule, and similar regulation elsewhere, will affect banks globally and have a knock - on effect for corporates worldwide — with direct and indirect effects on
debt issuance and stocks worldwide.
In particular, the
New York - based bank is known for its expertise in the
issuance of catastrophe bonds, Qualified School Construction Bonds in the US, and bonds issued to finance
debt restructuring around the world.
Without this cash flow, the dividend payment has to be paid from
new debt or cash raised from
new share
issuance.
This puts central banks in a position where they will have attempt to control interest rates not by discounting lending, but by buying
debt from the government directly, so that markets don't price the
new issuance at a level that would destroy the nation's ability to service a
debt load that is growing larger all the time.
As the amount of
new Treasury
debt issuance has grown as a result of spiraling deficits, the number of big Primary Dealers has shrunk.
In addition to explosive growth in global
debt issuance, there are
new issuers,
new rules and a wider variety of investors with a range of objectives.
This is despite a
new record in auto
debt issuance.
The cause is always speculative distortion that was well - known for quite some time: elevated valuations, often accompanied by speculation and
new issues of low - quality stocks representing some «
new economy» theme, or yield - seeking speculation and heavy
issuance of low quality
debt.
o
Issuance of Euro Bond and use of some of the proceeds for reprofiling more expensive domestic
debt o Creation of benchmark domestic bonds through tap - ins rather than
new issuances.
This
issuance in the approximate amount of $ 1.2 billion provides an opportunity to refund higher - interest bonds and replace them with lower - cost
debt, generating future savings to the State of
New York.
In the current low - interest rate environment, this
issuance provides an opportunity to refund higher - interest bonds and replace them with lower - cost
debt, generating substantial future savings to the State of
New York.
DiNapoli called for a host of reforms to curtail state borrowing, including a constitutional amendment to limit total
debt to 5 % of
New York's personal income and a ban on so - called back - door borrowing — the
issuance of state - funded
debt through public authorities and other entities.
FINRA Board also filed with SEC proposed amendments to its TRACE rules to expand the definition of Agency
Debt Security to address a
new issuance structure by government - sponsored enterprises
This is often supported by acquisitions, often (but not always) through the
issuance of
new debt.
This week's
new issuance in investment grade
debt continues at a healthy pace, the majority of
new paper focuses around 3 and 5 - year maturities, but there were some longer maturity deals such as $ 500 million Gerdau 7.25 % 30 - years.
Both markets experienced plenty of
new issuance as investment grade names such as Anadarko Petroleum, Goldman Sachs and Oracle, along with the high yield names of Ithaca Energy, Jaguar and RJS Power all issued
debt last week.
Once they reach a steady state, maturing guaranteed
debt will be pretty much automatically replaced with
new guaranteed
debt issuance.
The pharmacy giant, which was created by the merger of Walgreens and Alliance Boots in December 2014, will finance the transaction through existing cash,
issuance of
new debt and assumption of Rite Aid
debt.
A
new company called Polychain Capital has raised $ 10 million in capital for a hedge fund made up of cryptocurrencies such as bitcoin; The state of Global Blockchain Consortia; Non-profit advocacy group called the Blockchain Association of Ireland (BAI) will launch on Dec14; The Central Bank of Ireland recently granted Facebook Payments International Limited (FBPIL) an e-money license, which effectively allows Facebook to facilitate peer - to - peer payments on its platform; Bitgive Launches Blockchain Transparency Platform Givetrack; Dollar
debt issuance soars as central banks take a back seat: BIS report;
Jason began his career with Cravath, Swaine & Moore in
New York, where he worked on a variety of transactions, including IPOs, mergers, stock and asset acquisitions and sales, joint ventures, and
debt issuances.