So, it is a very different market than it was 10 years ago, and you're going to see a lot of corporate
bond issuance as these infrastructure projects go out there, and you can capture some pretty good yields and you know what you're buying because it's a corporate bond.
Not exact matches
This increased demand has been met with an equally large increase in supply
as corporate
bond issuance has roughly doubled since 2008.
S&P gave the AMNH's recent
bond issuance a very high AAA rating, indicating the museum's «pre-eminence»
as one of the world's top natural history museums.
Business credit has been falling, but this has been more than offset by increases in non-intermediated sources of funding, such
as equity raisings and corporate
bond issuance.
The minister spoke with
bond investors
as part of preparations for a third international
bond issuance, Reuters reported, after the company placed US$ 17.5 billion in
bonds last year and a US$ 9 - billion Sharia - compliant sukuk
bond in April this year.
The 10 year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary benchmark for the U.S.
bond market because it has the largest
issuance and is used
as the basis for fixed rate mortgage pricing.
As a result, we could see very heavy issuance through year - end as issuers try to squeeze in advance refundings or private activity bond
As a result, we could see very heavy
issuance through year - end
as issuers try to squeeze in advance refundings or private activity bond
as issuers try to squeeze in advance refundings or private activity
bonds.
These securities are known
as Original Issue Discount (OID)
bonds, since the difference between the discounted price at
issuance and the face value at maturity represents the total interest paid in one lump sum.
The trend can be seen in both the supply of and demand for market - making services, and reflects both post-crisis cyclical conditions (such
as diminished bank risk appetite and strong
bond issuance) and structural changes in the markets themselves (such
as tighter risk management or regulatory constraints).
«Market participants will look back on this municipal green
bond issuance for Massachusetts, and see it
as the gateway to further green
bond issuances across the many states and many cities that are hoping to access less expensive funding to improve infrastructure, protect natural resources and offer renewable energy,» says Bill Daley, Managing Director in Public Finance.
Preparation before the
issuance involved developing an appropriate framework, in line with the social
bond principles of the International Capital Markets Association (ICMA), which set out the underlying rationale of the
bond and explained the methodology used with regard to such aspects
as loan selection, the use of proceeds and reporting.
As in a number of other countries,
bond issuance in Australia in recent years has shifted away from the public sector toward the private sector.
These concerns might recently have been exacerbated by changes in the pattern of corporate financing: in countries in which the swap spread has increased the most — the US and UK — growth in private sector
bond issuance has been relatively large, while net equity
issuance has been low (or even negative
as in the United States).
Total
issuance of
bonds labeled
as green in 2016 amounted to USD 92.9 billion, nearly Read more -LSB-...]
This is why
as soon
as WeWork, the US shared office space company, said it wanted to issue $ 500 million of high yield
bonds, we saw morale perk up and investors dive into the new
issuance.
White & Case partner in Dubai Debashis Dey said if the sovereign
issuances come to an end then sukuk could grow
as investors look for other investment opportunities other than conventional
bonds.
She has advised initial purchasers in different
bond issuances by the Dominican Republic under Rule 144A Reg - S,
as well
as commercial financial institutions and companies in
issuances of $ 1 billion, $ 300 million and $ 100 million.
FRA: Chris, on your article you mentioned there could be downward pressure on long - term
bond yields
as the U.S. treasury concentrates future debt
issuance on the short - term majorities.
Growth in most of the eurozone has remained tepid and reliant on continued central bank stimulus, though the European Central Bank's (ECB's)
bond - purchasing program has been hampered by a scarcity of eligible
bonds,
as issuance from member governments is restricted by their austerity - driven policies.
Issuance of investment - grade corporate
bonds picked up in early March in a receptive market,
as investors sought higher yields than were available on safe - haven Treasury
bonds.
Bond issuance activity will continue to be strong,
as it was in 2012, Beyhum says.
Many analysts have long flagged a similar pitfall for the ECB's purchasing program, namely a scarcity of eligible
bonds,
as issuance from member governments has been restricted by their austerity - driven policies.
Even in a world where short - term interest rates will continue to rise
as the Federal Reserve raises policy interest rates (most likely 2 — 3 times next year) and where long - term rates should rise slowly
as the Fed lets its balance sheet shrink, tax - free yields should either stay the same or move down
as the municipal
bond world confronts a market with much less
issuance.
Ken Ofori - Attah, in responding to the issue in Parliament, stated that the
issuance was transparent and was done in accordance with the laid down procedures governing the
issuance of
bond and government securities in the country, adding that there was no conflict of interest,
as he «had no direct dealings with the investors»
as alleged by the minority in Parliament.
Mr. Speaker, Government also sponsored the
issuance ofCedi - denominated medium - to - long - term
bonds (7 and 10 year
bonds) on the back of the ESLA receivables to facilitate the clearance of the sector's legacy debts.Again, the Akufo - Addo Government is determined to turn away from the mismangement of the energy sector in the past which led to the accumulation of billions of debts by entities, such
as BOST, to managing these startegic entities with integrity and efficiency.
S6811A Chapter 81 SEWARD — Amends chapter 585 of 2011 authorizing the village of Ilion to finance a litigation settlement by the
issuance of serial
bonds and / or anticipation notes Same
as A 9729 - A Butler
It has since May 8 petitioned the SEC to investigate the transparency of the
bond, its classification and a claim of possible conflict of interest in the
issuance of the said
bond which the government has touted
as an achievement.
A resolution of the County Legislature for any of the following specified purposes shall be submitted to the County Executive for his or her approval or veto in the same manner
as provided in this charter for the adoption of ordinances: (a) an allocation from the budget contingency fund; (b) a supplemental or emergency appropriation; (c) the
issuance of budget notes or notes in anticipation of the collection of taxes or revenues; and (d) the
issuance of
bonds, anticipation notes or capital notes.
This press release is intended
as general information regarding TSFC's
issuance of Refunding
Bonds and should not be considered an offer to sell or a solicitation of an offer to buy securities.
HFA was created
as a public benefit corporation in 1960, to finance low - income housing by raising funds through the
issuance of housing revenue
bonds and the making of mortgage loans to eligible borrowers.
While Latimer, 62, said he would entertain supporting the maintenance to the state's infrastructure through
bond issuance, Killian pointed to the elimination of New York state's Scaffold Law — which establishes contractors» «absolute liability» for elevation - related injuries and contributes to costly insurance rates in addition to lawsuits —
as a major point for reform.
Using the State Pension fund to legitimately lend the State money
as an investment rather than the State issuing
bonds for smoothing spending is an intelligent idea, but with the same terms and conditions
as any
bond issuance would have.
Notwithstanding the foregoing provisions, but subject to such requirements
as the legislature shall impose by general or special law, indebtedness contracted by any county, city, town, village or school district and each portion thereof from time to time contracted for any object or purpose for which indebtedness may be contracted may also be financed by sinking fund
bonds with a maximum maturity of fifty years, which shall be redeemed through annual contributions to sinking funds established by such county, city, town, village or school district, provided, however, that each such annual contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of the contribution, the same amount of such indebtedness
as would have been paid and then be payable if such indebtedness had been financed entirely by the
issuance of serial
bonds, except, if an issue of sinking fund
bonds is combined for sale with an issue of serial
bonds, for the same object or purpose, then the amount of each annual sinking fund contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of each such annual contribution, (i) the amount which would be required to be paid annually if such indebtedness had been issued entirely
as serial
bonds, less (ii) the amount of indebtedness, if any, to be paid during such year on the portion of such indebtedness actually issued
as serial
bonds.
«We request that you oppose any new requirements that would delay the
issuance of
bonds for affordable housing purposes, especially where the sate has no credit risk such
as with local
issuances of such
bonds,» New York State Association For Affordable Housing president Jolie Milstein said at the Albany hearing on Monday.
Here's what should drive small and midcap stocks in 2013 and beyond: Record
bond issuance —
As we've -LSB-...]
Rating agencies look into the municipality's financial solvency including sales tax, property tax and investment revenue
as well
as other financial information and then rates the school
bond issuance.
The effect of this rule is that a taxpayer who purchases a tax - exempt
bond subsequent to its original
issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined since the
bond was issued, and who thereafter recognizes gain on the disposition of such
bond will have part or all of the «gain» treated
as ordinary income.
Thinking of
bonds as having sold a put option to the equity, why not look at the amount that the stocks of the companies issuing the
bonds had fallen in price since
issuance of the
bonds?
The
issuance and purchase of
bonds help lower costs of infrastructure renovation and replacement for public works,
as well
as for new and expanding businesses.
The
bond markets had a lot to look forward to this week
as the Treasury auctioned a total of $ 66 billion of
issuance in three, 10, and 30 - year paper.
The new administration has signaled policies such
as tax cuts, increased Treasury
issuance and reduced regulation that many investors believe could result in higher interest rates, higher inflation and a favorable environment for corporate
bonds.
2017 was the sixth consecutive year of record U.S. corporate
bond issuances,
as companies continued to take advantage of the accommodative environment created by low interest rates and strong investor demand.
In natural disasters of the magnitude of Harvey (think 2005's Hurricane Katrina) special
bond programs can be created that offer incentives to investors that go beyond traditional debt
issuances, such
as general obligation
bonds.
This tracks the performance of corporate
bonds that were rated
as investment - grade at the time of
issuance but have since been downgraded to non-investment grade.
Yet, the debt of these countries dominates government allocations in traditional
bond indices
as a mechanical byproduct of their dominance in cumulative notional
issuance.
The iShares iBoxx Investment Grade Corporate ETF (NYSEMKT: LQD) gained about 11 % over the past year even
as overall corporate
bond issuance topped the $ 1 trillion mark in 2012.
The total local currency new
issuances in the index was only around one - third of last year's rate,
as Indonesian sovereigns continued to tap into different foreign currency markets; for example, they raised USD 4 billion from its global
bond issuance in the first week of December.
Some unique features of the index are that it is designed to measure
bonds throughout their «lifetime,» meaning from
issuance to maturity (
as of the index rebalancing date, the
bond must have a minimum term to maturity or complete call date greater than or equal to one calendar month), and it includes
bonds that range in quality from «AAA» to «Default.»
The supply curve is essentially vertical
as the Government needs to fund a given deficit with
bond issuance irrespective of the price of the
bonds it issues.
When I came on the scene in 2001
as a corporate
bond manager, there were several areas of the
bond market that had a lot of
issuance: autos and telecommunications.