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US regional banks get solid welcome for new bonds

Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand in a sign that fixed income investors are no longer jittery about regional banks after the March banking crisis. The banks' deals follow Wednesday's $2.5 billion bond sale by peer PNC Bank. The sale was met with strong investor demand and its book received over six times that amount in orders.
United States Dan Krieter Matt Tracy Natalie Trevithick Payden Rygel Us Bancorp
Source: yahoo.com

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New year US corporate bond issuance tally tops $45 billion

U.S. corporate borrowers are raising nearly $16 billion in high-grade rated bonds on Wednesday, adding to a $29 billion issuance binge on Tuesday, as companies looked to grab strong investor demand ahead of economic data releases. Among the issuers was Berkshire Hathaway-owned utility Pacificorp, which raised $3.8 billion in bonds that will be used to repay debt and fund settlement claims related to wildfires in Oregon and Northern California. Other Wednesday deals include $2.5 billion in note...
United States Scott Schulte Matt Tracy Shankar Ramakrishnan Federal Reserve Credit Agricole
Source: yahoo.com

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