by Amruth Sundarkumar | Sep 7, 2022 | Investment Grade Bonds
High duration and long-tenor dollar bonds of companies rated in the AAA to A bracket, the top-tier of the credit rating bucket, saw their prices top the losers list yesterday. These included bonds of companies like AT&T, Amazon, Alphabet, Temasek, Pepsico etc....
by Amruth Sundarkumar | Apr 14, 2022 | Corporates, High Yield Bonds, India
Amazon has warned Future Retail Ltd (FRL) against the latter holding a meeting next week with its shareholders (April 20) and secured/unsecured creditors (April 21) to approve the deal of its $3.4bn asset sale to Reliance Retail. In February 2022, the National Company...
by Amruth Sundarkumar | Apr 12, 2022 | Investment Grade Bonds
Amazon raised $12.75bn via a jumbo seven-part offering. Details are given in the table below: The bonds are rated A1/AA and peak orders stood at $40bn, 3.1x issue size. Bloomberg notes that Amazon had guided for an issue size of $10-12bn. Proceeds will be used for...
by Amruth Sundarkumar | Mar 10, 2022 | Corporates
Amazon said that it plans to split its stock for the first time in more than two decades with a 20-for-1 split. Amazon last executed stock splits in the first couple of years following its 1997 IPO. Amazon said that the split was aimed at giving employees “more...
by Amruth Sundarkumar | Mar 4, 2022 | Corporates, India
Future Retail and Amazon’s lawyers have agreed to initiate talks for an out-of-court settlement to break the impasse regarding the sale of the troubled Indian retailer to Reliance Retail. With the dispute being adjourned in court for 10 days, the chief justice...
