Register Now For a 14-Day Free Trial to Search and
Track Corporate Dollar Bonds
(no card details are required)
Occidental to Buy CrownRock for $12bn
Occidental Petroleum (Oxy) has agreed to buy CrownRock, a privately held energy producer in the Permian Basin, for $12bn. Oxy will issue $9.1bn in debt and about $1.7bn in common stock to finance the transaction and complete it by Q1 2024. The deal is said to be a...
Barclays Launches Buyback Offer for 2024 Tier 2s
Barclays launched an offer to buyback any and all of its $1.25bn 4.375% bonds due 2024 for cash. Barclays said that the offer was made as part of its liabilities management exercise. The purchase price will be calculated by the Dealer Manager with reference to the...
Treasuries Trade Steady; Markets Await US CPI
US Treasury yields were stable across the curve. US consumers’ near-term inflation expectations dropped in November to its lowest level since April 2021. Median 1Y inflation expectations declined for a second month to 3.4%, down from 3.6% in October. Expectations for...
Wynn’s Senior Unsecured Notes Upgraded to B1
Wynn Macau's and Wynn Las Vegas' senior unsecured debt was upgraded by a notch to B1 from B2 by Moody's. Moody's also upgraded the senior unsecured debt of Wynn Resorts Finance, the parent of the above two companies by a notch to B1. The issuer ratings were unchanged...
Adani Green Provides Update on 4.375% 2024s Redemption Plan
Adani Green Energy will redeem its 4.375% bonds due 2024 in full by its due date, as per an SGX filing. The above bond's underwriters will provide a funding letter for $675mn and Adani Green will use proceeds from an equity transaction to make the repayment sum. There...
Macy’s Receives Offer to Go Private, Sources Say
An investor group of Macy's consisting of two companies, Arkhouse Management and Brigade Capital have made an offer to take the retailer private, as per sources. The offer made was a $5.8bn buyout bid at $21/share for Macy's stock that they do not currently own,...
Pemex Renews $8.3bn in Credit Lines from Banks
Pemex has refinanced and renewed about $8.3bn in revolving credit lines from banks including BBVA, JPMorgan Chase and Citigroup. Pemex received a $6.5bn tranche comprising of a 3Y term loan and a 3Y revolving credit facilities from Scotiabank, SMFG, BBVA, Citi and...
Treasury Yields Rise Following Strong Jobs Report
US Treasury yields rose across the curve with the 2Y and 5Y yields up 10-12bp and 10Y up by 7bp following the strong jobs report. US Nonfarm Payrolls rose by 199k in November, higher than estimates of 185k and October's 150k. The Unemployment Rate fell to 3.7% from...
The Week That Was (04 – 10 December, 2023)
US primary market new deals jumped last week to $27.2bn vs. $11.6bn a week prior with IG issuers taking $19.2bn in deals led by JPMorgan, General Motors and Well Fargo $3.75bn, $3bn and $2.75bn via two or three-tranchers each. HY issuers saw $7.9bn in deals led...
