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The month is poised to be the busiest January on record for new U.S. corporate bond sales, with two regional banks on Monday adding to what has been a rush of post-earnings debt issuance by banks. ...
The month is poised to be the busiest January on record for new U.S. corporate bond sales, with two regional banks on Monday adding to what has been a rush of post-earnings debt issuance by banks. Truist Financial Corp, the financing arm of Truist Bank, on Monday announced a two-part senior unsecured bond offering. Also on Monday, Fifth Third Bancorp announced that it was seeking eight-year senior unsecured notes, also fixed-to-floating rate and of an as-yet undisclosed amount.
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...
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.
U.S. corporate bond market issuance is projected to slow next week from a hectic start to the year after economic data sent mixed signals on Friday but tempered expectations of an interest rate cut in...