Indeed, the five largest corporate
bond deals of all time include offerings from Apple, AT&T and Verizon.
Asset managers say they've seen a notable number of companies fail to close dollar - denominated
bond deals of late.
In addition to raising a total of $ 22.6 billion in high - grade bonds for Apple and T - Mobile USA last year, Deutsche served as the go - to bookrunner for the multibillion - dollar
bonds deals of Italy, Spain other beleaguered European governments — and even the European Financial Stability Facility.
Not exact matches
IIF noted in a recent report that plans to privatize several state - owned enterprises beyond the Aramco
deal, a doubling in the size
of the domestic stock market and the trading
of local currency government
bonds on the Saudi exchange, which began this month, all deepen the kingdom's capital markets.
Late last month, chemical company Altice had to cut back a
bond offering and increase the interest rate to 11 % on a portion
of a multi-billion dollar
deal.
Detroit has grown closer to agreement on most
of its restructuring plan, after
bond insurer Syncora (the biggest opponent
of the city's plan) agreed to a
deal on Monday.
Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up
of a bundle
of financial instruments tied to subprime mortgage
bonds, many
of which plummeted in value shortly after the
deal was sold.
The board has been
dealing with the volatility
of publicly traded stocks and low returns from government
bonds by diversifying into other forms
of assets, including equity in private companies and investments in infrastructure such as highways and real estate.
In the past year, Canadian securities regulators have raised the bar for exempt - market dealers, requiring them to be registered and
bonded, issue an offering memorandum with every
deal and provide audited financial statements to investors annually, says Sand, who supports this new layer
of assurance.
For one thing Tchir points to a Bloomberg report from December 30 that details a
bond deal in Portugal that inflicted losses on some but not all
of a bank's
bonds.
The low liquidity levels are caused by a combination
of regulations, which make it less attractive for big banks to hold inventories
of bonds for
dealing, and new forms
of quick, computerised trading, which have the potential to move markets in times
of stress.
Okay, seems like a good
deal, so why not use
bonds in 100 percent
of your investment portfolio?
(In that case, Durst's team secured a plea
deal that gave him only a five - year prison sentence on relatively minor charges
of bond jumping and evidence tampering.)
You're still
dealing with all
of the same
bond risks as every other investor when you buy individual
bonds — interest rate risk, credit risk, inflation risk, duration risk, default risk, etc..
The index includes
bonds with a minimum credit rating BAA3, are issued as part
of a
deal of at least $ 50 million, have an amount outstanding
of at least $ 5 million and have a maturity
of 8 to 12 years.
The debt, part
of a
bond deal sold by Citigroup Inc. and Deutsche Bank AG in March 2007, was handed off to a firm specializing in troubled loans.
When you put your money in an index fund, you're investing in a broad range
of stock or
bonds (again, usually an entire market), so you don't have to
deal with — or do the research associated with — buying and selling individual stocks.
«Near - term relief
of government
bond deals may come at the cost
of making the banks» balance sheets more toxic.»
The purchase, to be mostly paid for in shares and convertible
bonds, follows Ensco Plc's (ESV.N) acquisition
of smaller drilling rival Atwood Oceanics Inc ATW.N in an all - stock
deal valued at about $ 839 million in May.
The slated
deal comes as Lynas progresses talks with Mt Kellett and the other 9 convertible
bond holders, including Fortress Investment Group, about amending the terms
of the
bond facility and extending the maturity.
Western allies press Trump to maintain nuclear
deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification
of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016:
Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp
bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money
The green
bond market has the potential to surpass its 2016 record
deal volume
of $ 93.4 billion4, according to market commentators like Bloomberg New Energy Finance.
New varieties
of green
bonds are sprouting up in unexpected places, as
deal volume hits a new record.
The economics
of the Voya
deal seem even better now than on Dec. 21 when the transaction was announced given the rise in
bond yields, Belardi told Wall Street analysts.
Green
bond issuance reached record levels in the first half
of this year, fueled by a first quarter surge in
deals out
of China.
Formidable Strength
Of Junk Bond ETFs (Nasdaq) High - yield bond ETFs demonstrated a great deal of resilience during February's market turmoi
Of Junk
Bond ETFs (Nasdaq) High - yield bond ETFs demonstrated a great deal of resilience during February's market turm
Bond ETFs (Nasdaq) High - yield
bond ETFs demonstrated a great deal of resilience during February's market turm
bond ETFs demonstrated a great
deal of resilience during February's market turmoi
of resilience during February's market turmoil.
Legg Mason plans to close a
deal this month to restructure $ 650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage
of the market's sustained appetite for corporate
bonds.
Initially, the directors rejected the proposal: They felt it would strain resources, particularly as Tesla was
dealing with manufacturing challenges with its Model X. (Separately, a month later, SpaceX purchased $ 90 million worth
of bonds from SolarCity, a move that reportedly raised eyebrows in Washington, with some lawmakers concerned that Musk was using his aerospace venture's high - priced government contracts to buoy his solar company.)
For example, some believe that the imminence
of a debt
deal between Greece and its creditors has encouraged investors to abandon perceived safe - haven
bonds.
In surging, gold blurted out the Deep State Central Planners» strategy for
dealing with the Great Financial Crisis: the hyperinflation
of bond, equities and real estate prices via the hyperinflation
of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation
of tax revenues desperately required by the government to forestall its fiscal collapse.
He has also driven many financing
deals, including financing for the acquisition
of ARM Holdings Plc. (world's largest chip architecture developer), issuing mandatory exchangeable
bonds backed by Alibaba Group Holding Limited (largest e-commerce company in the world), hybrid
bonds, and more.
There, she was part
of the team that represented Champion REIT's manager for the first convertible
bonds issue by a Hong Kong - listed REIT, which won the «Debt Market
Deal of the Year» award at the 2007 ALB Hong Kong Law Awards.
Total green
bond deal volume in the global markets for 2015 hit a new record
of $ 39.5 billion by November, issued in 161
deals.
European
bond markets initially welcomed the
deal made at the July summit, although the narrowing
of spreads for peripheral
bonds over German Bunds was relatively muted, perhaps signaling a measure
of skepticism among investors about the ability
of the eurozone to survive in the absence
of a formal mechanism that ensures the sharing
of liabilities among member states.
Investors are hungry for high quality, multibillion - dollar debt
deals, as shown by Anheuser - Busch InBev Finance Inc.
of Belgium's success with two corporate
bonds totaling more than $ 60 billion in 2016.
Manama - based GIB Capital was lead bookrunner
of a $ 1.5 billion sovereign
bond issued by the government
of Bahrain last October in the country's largest debt
deal of 2013.
CaixaBI raised $ 2 billion in 12
bond deals in 2013, and, in Portugal's first IPO in five years, the Lisbon - based bank was a global bookrunner for the IPO
of Portugal's postal service, CTT - Correios de Portugal, last December.
Rand Merchant Bank, the investment - banking arm
of FirstRand
of Johannesburg, raised $ 2.2 billion for its clients in 50 public
bond deals, more
deals than any other bank in South Africa last year.
And beyond that, even if the group is able to negotiate
deals with a majority
of the creditors, it is expected that Puerto Rico will still need to seek federal support to give the island a way to restructure the
bonds through Chapter 9 bankruptcy laws.
The incumbent number one in public debt in the region, HSBC raised $ 8 billion in 29
bond deals for a 17.2 % market share in 2013, leading a $ 4.1 billion
bond for the General Authority
of Civil Aviation
of Saudi Arabia last September.
Playing as confidently as ever to the strength
of its balance sheet, Deutsche Bank retained its number - one position in Western Europe's
bond market, where it raised $ 126.3 billion in 534
bond deals for a 7.2 % market share last year.
Barclays advised its clients on three M&A
deals with a total value
of $ 2.5 billion, a higher value than any other bank in Israel, and led the country's debt market by raising $ 1.4 billion in three
bond deals.
Raiffeisen Bank International raised $ 3.8 billion in 24
bond deals last year, a greater value than any other bank in Austria, and it served as lead manager
of a $ 5.9 billion Austrian sovereign
bond.
A good law firm, such as Withers Worldwide, will provide advice on which
bonds you are eligible to buy, as well as what to do if you feel a company has not kept their side
of the
deal.
You can make sure you're getting a fair
deal by taking advantage
of publicly available data on the pricing
of bond you're looking to buy, or
bonds with similar maturities, credit ratings and interest rates.
Taking a handsome 8.8 % share
of North America's
bond market, Bank
of America Merrill Lynch raised $ 213.5 billion in 1,155
bond deals for its clients last year, including the $ 49 billion Verizon Communications
deal, for which the bank was a bookrunner last September.
Reflecting its unparalleled access to the debt capital markets
of the four Nordic nations, Nordea Markets raised $ 18.7 billion in 221
bond deals in 2013 — more
deals than any other bank — in addition to numerous refinancings and restructurings.
Citi advised its power industry clients on 26 M&A
deals worth a total
of $ 37.5 billion while raising $ 13.63 billion for them in 91
bond deals — more money than any other bank, according to Dealogic.
Manama - based GIB Capital remained active across the Middle East in 2013 despite political strife in Syria and Egypt, leading a string
of deals including a $ 1.5 billion sovereign
bond issued by the government
of Bahrain last October and a $ 53 million rights issue for Middle East Specialized Cables in Riyadh in September.
Although there will still be some amount
of buying and selling in the portfolio during that time (for instance, to
deal with things like new investors buying into the fund or selling a
bond with a declining credit profile), it should be less than what would be experienced in a traditional
bond mutual fund.