General Electric Kicks Off Two-Part High-Grade Bond Sale
The two-part offering includes five-year fixed-rate notes maturing on July 29, 2030, with initial price talk in the area of 0.75 percentage point over the government benchmark, according to a person familiar with the matter. It also includes long 10-year fixed-rate notes maturing January 29, 2036, with initial price talk in the area of 0.9 percentage point over the government benchmark, the person said, asking not to be identified discussing private details.
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Fast Company
11 hours ago
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The policy changes have also injected fresh doubt about the fate of the nation's pipeline of offshore wind projects, which depend heavily on tax credits to bring down costs. According to Wood Mackenzie, projects that have yet to start construction or make final investment decisions are unlikely to proceed. Two such projects, which are fully permitted, include a 300-megawatt project by developer US Wind off the coast of Maryland and Iberdrola's 791 MW New England Wind off the coast of Massachusetts. Neither company responded to requests for comment. 'They are effectively ready to begin construction and are now trapped in a timeline that will make it that much harder to be able to take advantage of the remaining days of the tax credits,' said Hillary Bright, executive director of offshore wind advocacy group Turn Forward.
