HY Bonds Outperform in Sept Amid Record 9M19 Issuance
The month of September was mixed for bond investors with 41% of bonds in the BEV universe having a positive price return (ex-coupon), while 59% delivered a negative price return. It was a month of recovery for high-yield (HY) bonds, which saw a sell-off during July...
Boeing Pulls Off $3.5 Billion Bond Sale Despite Aircraft Safety Concerns
Boeing sold $3.5 billion in senior unsecured bonds earlier this week and borrowed $1.5 billion in short-term loans from its relationship banks. This comes after 2 deadly plane crashes forced the aircraft manufacturer to scale back production of its most profitable...
Saudi Aramco Raises $12 Billion in Bonds With Orders Over $100 Billion
Saudi Aramco raised $12 billion from its debut international bond issue, completing one of the most oversubscribed deals of all time with orders of over $100 billion. The overwhelming investor demand allowed the oil giant to pay less for its debt than the Saudi...
