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4 days ago · International Financing Review is the leading source of fixed income, capital markets and investment banking news, analysis and commentary. IFR's team of market specialists report on capital-raising across asset classes, from rumour to market reception. Sign in Request a trial. Boeing boosts turnaround hopes with US$24.25bn of equity.
Welcome to IFR | IFR
4 days ago · Welcome to IFR. International Financing Review is the leading source of fixed income, capital markets and investment banking news, analysis and commentary. IFR's team of market specialists report on capital-raising across asset classes, from rumour to market reception. Boeing drew strong investor support for its potentially protracted corporate ...
Geopolitical stress hits IG issuance as pace slows - IFR
1 day ago · On Monday, nine IG offerings were priced totaling US$11.1bn, lifting November issuance to US$58.85bn, according to IFR data. The average new issue concession on Monday was 1.75bp and the average order book was 3.56x subscribed, according to the data. The average progression from initial price thoughts to pricing was 24.90bp tighter.
After CPI report, IG primary continues issuance run - IFR
Nov 13, 2024 · In the IG primary on Tuesday, 14 offerings priced totaling US$30.15bn, with Yankee bank bonds in the mix, according to IFR data. Yesterday's IG volume hit the upper end of syndicate estimates for this week's supply, pushing November issuance to US$32.05bn. BMO said in a report that yesterday's volume was the fifth largest day in the IG primary ...
Post holiday, US IG primary sees tsunami of offerings - IFR
Nov 12, 2024 · Breakfast chain First Watch Restaurant Group served up a US$159.6m block trade early Tuesday. Sole bookrunner Goldman Sachs reoffered its purchase of 8m shares from seller Advent International at US$19.95, the bottom of US$19.95-$20.65 marketing range and a 6.9% discount to Monday’s closing price of US$21.42.
As October closed out, fewer IG treats for investors - IFR
Nov 1, 2024 · On Thursday, four IG offerings were priced in the primary totaling US$3.65bn, raising weekly IG issuance to US$27.45bn, surpassing syndicate supply expectations of about US$18bn for the week, and pushing IG supply for October to US$95bn, exceeding supply estimates for the month of US$91bn but falling short of US$100bn, according to IFR data.
US corporate bond primaries end steady issuance week - IFR
5 days ago · John Doran. The US corporate bond primaries are taking a breather on Friday after a steady week of issuance in otherwise choppy markets as participants mull the impact of the incoming Trump administration. The ECM arena, meanwhile, has been preoccupied with follow-on and secondary market trades as well as convertible bonds.
IFR SNAPSHOT - A quiet Friday ahead for US IG and HY primaries
Oct 25, 2024 · The HY primary was very active on Thursday with five offerings totaling US$4.05bn, lifting weekly HY issuance to US$6.895bn and October HY volume to US$19.63bn, according to IFR. The average IG bond spread was unchanged at 86bp on Thursday and the HY bond spread tightened by 2bp to 293bp, according to ICE BofA data.
IFR SNAPSHOT - As US elections take place, quiet settles on …
Nov 5, 2024 · John Doran. The US investment-grade and high-yield primaries are quiet today amid the US presidential elections. The ECM arena is also quiet after getting some business done before the close on Monday. One IG offering was priced in the primary on Monday totaling US$700m to kick off issuance for the month of November, according to IFR data.
IFR SNAPSHOT - One IG deal expected on eve of US election
Nov 4, 2024 · Coming off a historic week in US ECM, Xcel Energy squeezed US$1.2m of equity from investors early Monday before America heads to the polls. Ahead of Monday’s opening bell, Barclays and Bank of America priced the sale of 18.3m shares at US$65.50, inside the US$65.36-$66.69 marketing range and at a 1.8% discount to Friday's closing price (also ...