Citi & BNY Mellon Raise $2.5/1.2 Billion via New Bonds

Citi & BNY Mellon Raise $2.5/1.2 Billion via New Bonds

After Goldman Sachs and Morgan Stanley’s jumbo bond issuances yesterday which totaled $13bn, Citigroup and BNY Mellon priced new bonds on Thursday. Citigroup raised $2.5bn via a 6Y non-call 5Y (6NC5) bond at a yield of 1.126%, or T+68bp, 12bp inside initial guidance...

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LMIRT to Restore Coupon Payment on SGD Perps

LMIRT to Restore Coupon Payment on SGD Perps

Lippo Malls Indonesia Retail Trust (LMIRT) said that it will pay the coupon on its S$120mn ($91mn) 6.6% perp on which it had skipped a payment last month. The company skipped the coupon due to covenants on its 7.25% 2024s which restricted them to make any...

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