The Week That Was (6th – 12th December)
US primary markets saw an increase in issuances over the prior week to $36.5bn vs. $22.6bn in the prior week. IG issuances rose to $30bn vs. $19.1bn in the prior week, led by Merck’s jumbo $8bn five-part deal and JPMorgan’s $2.35bn issuance. HY issuances...
Moody’s Says Indebted Chinese SOEs Remain Key Risk Despite some Deleveraging
Moody’s in a new report said that further deleveraging progress in Chinese state-owned enterprises (SOEs) will be difficult despite the Chinese government’s efforts to reduce leverage. The rating agency noted that China’s most indebted listed SOEs saw their...
Dell Announces Tender Offer for its Bonds; Select Bonds Rally
Dell Technologies Inc. announced that Dell Inc., its wholly-owned subsidiary commenced a cash tender offers for certain outstanding bonds for up to $2.5bn in aggregate purchase price (excluding accrued and unpaid interest), details of which are given below: The 8.35%...
The Week That Was (22nd – 29th November 2021)
US primary markets saw a sharp decrease in issuances last week given the Thanksgiving holidays to just $3.7bn vs. $44.1bn in the prior week. IG issuances dropped to $3bn vs. $33.7bn in the prior week and HY saw almost no new deals vs. $9.2bn in the week before. CDW...
