Billionaire Elon Musk’s rocket and spacecraft company SpaceX is testing lenders’ risk appetite as it seeks to raise a US$750m term loan that will give the company additional balance sheet cash.
Volkswagen hit the corporate bond auto sector last week with its first US dollar issuance since it was caught cheating on emissions tests in 2015.
Bond investors shrugged off news of weaker than expected Malaysian public finances after the new government of Prime Minister Mahathir Mohamad accounted for the impact of alleged corruption under the previous government in its first budget.
Bankers are saying it is “business as usual” in the Saudi Arabian syndicated loan market, despite the global furore following the murder of journalist Jamal Khashoggi in the Saudi consulate in Istanbul on October 2.
Investors holding bonds issued by Mozambique appear to have won a major victory in their restructuring fight with the African sovereign.
Goldman Sachs has made just 69 employees new partners - the smallest cohort promoted to the top ranks at the US bank since the firm went public in 1999.
Australia’s four major banks may need to issue up to A$83bn (US$60.5bn) of new Tier 2 capital after regulators proposed an increase in total capital requirements.
State-owned miner Indonesia Asahan Aluminium (Inalum) made a striking US$4bn debut in the offshore bond markets last week with a trade that will fully fund its purchase of a majority stake in one of the world’s largest copper and gold deposits.
The US syndicated loan market is optimistic that it can maintain its record-breaking pace of lending despite looming political deadlock in Washington after the Democrats regained control of the House of Representatives and Republicans held the Senate in the November 6 midterm elections.
The UK’s university regulator has warned that it will not step in to bail out institutions that fall into financial difficulties, as it wades into a raging debate around an explosion in borrowing in the sector – much of it based on the assumption that the government won’t let a university go under.
Chinese developers are at risk of a liquidity squeeze as the country’s property sector enters a downturn and credit markets stay tight, Standard & Poor’s warned last week.