FedEx Plans to Slash Net Debt by $2.6bn Post Bond Issuance Later This Month
US delivery company FedEx Corp finalized a planned issuance of $1.75bn of dollar-denominated bonds and $1.2bn of euro-denominated notes with the aim of reducing its net debt by $2.6bn. The offerings are the largest series of related debt transactions that FedEx has...
Changi, Khazanah, Newcastle Launch Bonds; Macro; Rating Changes; New Bond Issues; Talking Heads; Top Gainers & Losers
The S&P gained 0.3% while Nasdaq slipped 0.5% on Monday. The US ISM Manufacturing Index fell to 60.7 in April from March’s 37Y high of 64.7 and well below the 65.0 market forecast. US 10Y Treasury yields slipped 3bp to 1.60%. Meanwhile, the US Treasury announced...
Bombardier Seeks Terms Amendment on Eight Bonds
Canadian plane maker Bombardier has launched a consent solicitation with respect to eight of its outstanding senior bonds/debentures after it received a letter from a holder of its 2034s claiming that its “divestitures of non-core assets, including its...
