Debt
More companies are selling shares to help cut debt
WHEN Metals Acquisition bought a copper mine in Australia from Glencore for almost US$900 million upfront in 2023, it turned to the debt markets to help fund the purchase.With...
Warner Bros Discovery boosts debt buyback to US$2.5 billion
WARNER Bros Discovery increased an offer to buy back debt from investors by US$750 million as part of a plan to slash its debt and interest expenses.The owner of...
McDonald’s sells US$1 billion of bonds as debt set to mature
MCDONALD’S sold US$1 billion of bonds on Tuesday (May 14) that may help the fast-food giant refinance debt due in the coming months. The company is issuing US$500 million...
UBS announces equity conversion provision for almost US$5 billion in AT1 debt
UBS on Monday (May 13) said almost US$5 billion worth of Additional Tier one (AT1) bonds, a form of debt, have been made available for equity conversion following a...
US junk-rated firms refinanced US$270 billion debt in 2024, JPMorgan says
US HIGH-YIELD rated corporate debt borrowers have refinanced almost US$270 billion in bonds and loans this year and are on pace to beat 2023’s US$334 billion, according to a...
US holds quarterly debt sale steady, starts buybacks this month
THE US Treasury left its quarterly issuance of longer-term debt unchanged on Wednesday (May 1), as widely expected, while announcing that its first program to buy back existing securities...
Abu Dhabi returns to debt market with new US dollar bond
ABU Dhabi, capital of the United Arab Emirates, on Tuesday (Apr 23) mandated banks for a three-part US dollar-denominated bond issue, its first since 2021, with demand expected to...
PBOC chief urges clarity on burden sharing for debt relief
THE head of China’s central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief, according to...
