Bonds
Bonds Articles
Simon Property Group, Inc. (NYSE: SPG) priced a secondary share offering of 15 million shares at $31.50/share. Simon also made a concurrent offer of approximately $500 million worth of 10-year...
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If you thought the corporate bond market spreads were going to keep issuers away, there has been a record amount of new issuances. Today, Barrick Gold Corporation (NYSE: ABX) announced plans to...
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Alcoa Inc. (NYSE:AA) has priced its offering of 150 million shares of common stock at $5.25/share. That represents a discount of about 23% to yesterday’s closing price of $5.48/share. At the...
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If you thought things were going to get quiet at Citigroup, Inc. (NYSE: C) after the 200% run up of late, they aren’t if this morning’s news comes to fruition. The company has issued a share...
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The FOMC has come in with no rate change as we had expected. When it is already at a near-zero rate policy, there was no other outcome. The Fed Funds Target Rate was left at 0.00% to 0.25%, and...
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Anadarko Petroluem Corporation (NYSE:APC) has priced two tranches of senior notes, one of $500 million due 2014 at a coupon of 7.625% and the other of $600 million due 2019 at a coupon of 8.7%. Joint...
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The Williams Companies, Inc. (NYSE:WMB) announced this morning that it was “initiating a private debt issuance to certain institutional investors.” The notes have not been registered with the SEC...
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BlackRock, Inc. (NYSE: BLK) is launching a new fund that is designed to essentially be a vulture in fixed income securities. This is is technically a distressed fund being created to take advantage...
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Tiffany & Co. (NYSE: TIF) scored the big fish. The luxury jewelry retailer issued notes to Warren Buffett’s via units of Berkshire Hathaway, Inc. (NYSE: BRK-A). Want to Retire Early? Start...
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Entergy Corporation (NYSE:ETR) was unable to find buyers for $500 million worth of Senior Notes that are a component the company’s 7.625% Equity Units (NYSE:ETRPrA) due February 11, 2011. It has...
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State Street Corporation (NYSE: STT) is launching a new ETF to track the credit markets. Its State Street Global Advisors (SSgA) investment management arm launched the SPDR Barclays Capital...
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Cisco Systems, Inc. (NASDAQ: CSCO) made an SEC Filing this morning which may leave many scratching their heads. The company filed a prospectus for a sale of debt securities. Get Ready To Retire...
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Standard & Poor’s Ratings Services downgraded several oilfield services and drilling companies. Among the companies the ratings agencies took action were Allis-Chalmers Energy Inc. (NYSE:...
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Van Eck Global has announced the launch of a new ETF to track the high-yield municipal bond market. This is under its Market Vectors program and is called the High-Yield Municipal Index ETF (NYX:...
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Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) was one of the investors in Harley-Davidson Inc’s (NYSE: HOG) offering of $600 million of senior unsecured notes. The company is raising...
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