Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS Recognised
8 CPD Hours

20 July 2022 (Wednesday) | 9am-5pm

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 ever reported. The offering will be completed towards the end of May and included a $600mn euro-sustainability bond tranche to fund the 2040 company goal of carbon-neutral operations. Proceeds of the offerings will be used, alongside existing cash, to eliminate all debt maturities through 2025.

FedEx’s USD bonds were up with its 4.55% 2046s up 1.46 to 117.352 yielding 0.349%.
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