onds that allow issuers to defer interest payments are nosediving less than a week after they were sold amid a sell-off of fixed-income assets.This is a small part of the global bond market, but it is very similar to the way China deals with insolvency: add more debt and keep the company operational. What happens if global interest rates rise and the cost of capital increases? The bill for malinvestment is always paid. Most like the yuan exchange rate tumbles...
Ardagh Group SA’s 845 million euros ($948 million) payment-in-kind toggle notes due September 2023 are indicated at 95.5 cents on the euro, down 4.5 cents from when the Luxembourg-headquartered packaging company sold them on Wednesday, according to data compiled by Bloomberg. German auto components maker Schaeffler AG’s 750 million euros of notes due September 2026 are quoted 97.2 cents down from a sale price of 100 cents on Thursday, the data show.
Both companies increased the size of their payment-in-kind note sales last week amid surging demand for higher-yielding assets, which pushed borrowing costs for junk-rated companies to a record low.
全美高校反战浪潮600人被捕 布林肯:不应对哈马斯 “保持沉默”
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当前多所美国高校出现挺巴勒斯坦反战示威,从常春藤联盟名校到各州立大学,抗议浪潮已延烧到至少50所校园。截至26 […]...
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