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Wednesday, 13 December 2017

Eleanor Duncan' s stories

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  • Baker Hughes prices new bonds to fund tender offer

    Bonds | 08 December 2017

    Investors placed US$8bn in orders for GE company Baker Hughes’ US$3.95bn three-part benchmark trade on Wednesday.

  • Two ratings agencies threaten cut to CVS ratings

    Bonds | 08 December 2017

    CVS Health Corp saw its Baa1/BBB+ credit ratings at threat of a one-notch downgrade on Monday, after both Moody’s and S&P raised concerns about the debt load needed to finance the company’s US$69bn acquisition of health insurer Aetna (see Top News).

  • Foreign inflation biggest risk to IG in 2018: BAML

    Bonds | 08 December 2017

    The number one risk to the US high-grade corporate bond market in 2018 is a pick-up in foreign inflation, which could impact foreign flows into the asset class, according to Bank of America Merrill Lynch credit strategists.

  • Yankees dominate supply in US high grade market Thursday

    Ticker | 07 December 2017

    Yankee borrowers led the charge in the US high-grade market on Thursday and found a strong response from an investor base looking for diversity and yield pick-up.

  • Whole Foods sign

    Amazon primed for bond exchange success

    Ticker | 07 December 2017

    Amazon has seen strong take-up on its offer to exchange Whole Foods 5.2% 2025s into new bonds issued by the online giant, even though the Amazon bonds have weaker protections for investors.

  • Baker Hughes yard in Williston, North Dakota

    Baker Hughes out with new bonds to fund tender offer

    Ticker | 06 December 2017

    Investors placed US$12.5bn in orders for GE company Baker Hughes’ US$3.95bn three-part benchmark trade on Wednesday.

  • Inflation

    Foreign inflation biggest risk to IG bond market in 2018: BAML

    Ticker | 05 December 2017

    The number one risk to the US high-grade corporate bond market in 2018 is a pick-up in foreign inflation, which could impact foreign flows into the asset class, according to Bank of America Merrill Lynch credit strategists.

  • JM Smucker logo

    JM Smucker's new bond gets US$4bn in orders

    Ticker | 04 December 2017

    Investors placed a whopping US$4bn in orders for fruit spread company JM Smucker’s US$800m two-part bond, showing there is still appetite for rare issues.

  • General Electric logo

    General Electric takes another one-notch hit to rating

    Ticker | 04 December 2017

    General Electric was downgraded for the third time in the space of a month after S&P cut the company’s rating by two notches to A from AA- due to increasing debt leverage and weaker cashflow.

  • A CVS pharmacy

    Two ratings agencies threaten cut to CVS ratings

    Ticker | 04 December 2017

    CVS Health Corp saw its Baa1/BBB+ credit ratings at threat of a one-notch downgrade Monday, after both Moody’s and S&P raised concerns over the debt load needed to finance the company’s US$69bn acquisition of health insurer Aetna.

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