Bonds
Bonds Articles
Level 3 Communications, Inc. (NASDAQ: LVLT) is trading up marginally this morning on word that its subsidiary, Level 3 Financing, Inc., has received additional financing commitments. The additional...
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NiSource Inc. (NYSE:NI) looks to be tendering some of its debt. The company announced a tender offer after yesterday’s close for up to $300 million of its 7.875% Notes due 2010. That’s not so...
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It is not very frequent that you see an English-speaking country take a sovereign credit ratings agency downgrade. That would indicate the government is one step farther away from being able to...
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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). Get Ready To Retire...
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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. 100 Million Americans...
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