Citibank tapped the investment grade bond market with its first bank-level debt offering in four years as deposits recede from their pandemic-era highs.
The Hollywood screenwriters strike will have little direct impact on state and municipal finances, but watch out for any spinoffs.
A complicated refinancing deal addresses short-term challenges for the poster child of Europe’s real estate crisis, but many hurdles remain.
Sirius XM’s bonds slumped in secondary trading after Liberty Media proposed splitting off the business that houses SiriusXM and combining it with the rest of Sirius XM Holdings.
It’s believed Reliance Industries may eventually transition into a holding company structure, which would provide clearer distinctions between divisions and enhance shareholder value. However, this could make the company more…
Evergrande’s financial problems have rippled through China’s vast property industry, with several other developers defaulting on their debts.
Evergrande failed to meet China’s capital market rules on offshore bond sales.
The telecom to retail conglomerate Reliance Industries could eventually transform into a holding company according to a report by CreditSights.
Municipal bonds joined the rout in broader debt markets after the Federal Reserve indicated its intention to keep interest rates high for as long as necessary to contain inflation.