Latest news with #bondsale
Bloomberg
08-07-2025
- Automotive
- Bloomberg
Nissan CDS Jumps to 16-Year High on $4 Billion Foreign Bond Plan
Nissan Motor Co. 's credit-default swaps widened to the highest level since 2009 after the automaker began preparing a $4 billion foreign-currency bond sale, stoking concerns about rising interest expenses. Nissan's five-year CDS rose to about 388 basis points at 5:30 a.m. in Tokyo Tuesday, up from 375 a day earlier, data compiled by Bloomberg show.
Bloomberg
07-07-2025
- Business
- Bloomberg
NTT Poised to Start Dual-Currency Bond Sale to Refinance M&A
NTT Inc., the Japanese telecom giant, is poised to kick off what could be a jumbo bond sale to help refinance bridge loans used to make its data center business a wholly owned unit. Subsidiary NTT Finance Corp. has hired banks to arrange calls from Monday for a potential multi-tranche debt offering in dollars and euros, according to a person with knowledge of the matter. NTT is set to tap investors at a time when credit spreads in global markets have tightened back to near their lowest since the global financial crisis, a Bloomberg index shows, as investor concerns about trade and the US economy have eased.
Bloomberg
04-07-2025
- Business
- Bloomberg
Lotte E&C's Bond Gets Limited Buyers After Failed First Attempt
A construction unit of South Korean conglomerate Lotte Corp. garnered limited institutional buyers for a bond sale that was initially rebuffed by investors, underscoring the financial difficulties the group faces. Lotte Engineering & Construction Co. sold 110 billion won ($80.5 million) of notes last month. Brokerages handling the deal initially failed to attract any orders after the builder's credit scores were cut in June.
Bloomberg
02-07-2025
- Business
- Bloomberg
Junk-Rated College's $54 Million Bond Deal Sees Delay in Pricing
A bond sale by Valparaiso University, a private college in Indiana, has been delayed, according to people familiar with the matter, as its niche structure faces a smaller pool of buyers. Lead underwriter JPMorgan Chase & Co. had targeted a pricing date of June 18 for the $54 million deal, according to the roadshow for investors. The negotiated offering, which includes tax-exempt and taxable debt, is now expected to price the week of July 7, according to data compiled by Bloomberg. Spokespeople for JPMorgan and the university declined to comment.
Bloomberg
26-06-2025
- Business
- Bloomberg
Meat Giant JBS Says Investor Demand for Its Bonds Undercuts ESG Concerns
JBS NV 's New York listing was met with fierce opposition from activist groups and politicians over the meat producer's ESG record. Many investors, however, seem willing to look the other way. A $3.5 billion bond sale earlier this week drew demand totaling five times the offering, slashing borrowing costs and providing strong evidence of investors' confidence in JBS, Chief Financial Officer Guilherme Cavalcanti said Wednesday during a conference with journalists in New York.
