Debt
HSBC fined £6.3 millions for unfairly treating customers in debt
HSBC Holdings was fined £6.3 millions (S$10.8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship – a penalty that adds to...
China sells record sum of US debt amid signs of diversification
China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions...
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...
