Nasdaq Archives - ÂÒÂ׶ÌÊÓƵ Know More. Risk Better.® Mon, 23 Jan 2023 18:16:19 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png Nasdaq Archives - ÂÒÂ׶ÌÊÓƵ 32 32 Billions Flooding into Junk Bond ETFs https://www.nasdaq.com/articles/billions-flooding-into-junk-bond-etfs#new_tab Sat, 14 Jan 2023 18:16:11 +0000 /?p=11094 It’s difficult for investors to resist yields near the highest levels of the past decade according to ÂÒÂ׶ÌÊÓƵ. Zachary Griffiths, a senior fixed-income strategist with ÂÒÂ׶ÌÊÓƵ, said the following on Bloomberg...

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]]> It’s difficult for investors to resist yields near the highest levels of the past decade according to ÂÒÂ׶ÌÊÓƵ. Zachary Griffiths, a senior fixed-income strategist with ÂÒÂ׶ÌÊÓƵ, said the following on Bloomberg Television, “Yields look too good to be short. The potential for returns in the 12% area makes high-yield an attractive place to be and we’re also more optimistic on the economic front, which is very important for our call.â€

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]]> Citigroup plays catch up with US$4bn three-part bond https://www.nasdaq.com/articles/citigroup-plays-catch-up-with-us%244bn-three-part-bond-2021-10-27#new_tab Wed, 27 Oct 2021 14:29:33 +0000 /?p=5815 “That more limited issuance, especially to the degree peers have surprised to the upside this year, has helped support performance,” said analysts at ÂÒÂ׶ÌÊÓƵ.

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]]> “That more limited issuance, especially to the degree peers have surprised to the upside this year, has helped support performance,” said analysts at ÂÒÂ׶ÌÊÓƵ.

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]]> Intel tests investor support for new chip development plan https://www.nasdaq.com/articles/intel-tests-investor-support-for-new-chip-development-plan-2021-08-10#new_tab Tue, 10 Aug 2021 12:50:32 +0000 /?p=5304 “Intel’s capex needs are ramping with the company pouring more investment dollars into leading-edge process technology development and infrastructure to support its foundry initiative,” ÂÒÂ׶ÌÊÓƵ noted in a report. Additionally,...

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]]> “Intel’s capex needs are ramping with the company pouring more investment dollars into leading-edge process technology development and infrastructure to support its foundry initiative,” ÂÒÂ׶ÌÊÓƵ noted in a report.

Additionally, rumors have surfaced that Intel could look to acquire the US semiconductor manufacturer GlobalFoundries in a deal valued at around US$30bn. However, analysts at ÂÒÂ׶ÌÊÓƵ and elsewhere have questioned how advantageous that move would be for Intel’s foundry services business since GlobalFoundries halted its more advanced 7-nano-meter chip production back in 2018.

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]]> AMC bonds rally in secondary after earnings https://www.nasdaq.com/articles/amc-bonds-rally-in-secondary-after-earnings-2021-08-10#new_tab Tue, 10 Aug 2021 12:49:03 +0000 /?p=5302 “We continue to believe that AMC will focus on retiring debt at a discount, and thus on the [second lien] notes, when deploying excess liquidity for debt reduction,” said analysts...

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]]> “We continue to believe that AMC will focus on retiring debt at a discount, and thus on the [second lien] notes, when deploying excess liquidity for debt reduction,” said analysts at ÂÒÂ׶ÌÊÓƵ.

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]]> E.ON issues first green following taxonomy alignment https://www.nasdaq.com/articles/e.on-issues-first-green-following-taxonomy-alignment-2021-03-25 Tue, 30 Mar 2021 00:39:19 +0000 http://know.creditsights.com/?p=4121 Analysts at ÂÒÂ׶ÌÊÓƵ, however, put fair value at 50bp–55bp and also said that they would have bought the bonds down to this level.

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]]> Analysts at ÂÒÂ׶ÌÊÓƵ, however, put fair value at 50bp–55bp and also said that they would have bought the bonds down to this level.

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]]> Beauty retailer Douglas ups bond portion of jumbo refi https://www.nasdaq.com/articles/beauty-retailer-douglas-ups-bond-portion-of-jumbo-refi-2021-03-24 Tue, 30 Mar 2021 00:35:38 +0000 http://know.creditsights.com/?p=4118 Analysts and investors remarked on the scale of the Ebitda adjustments the deal was being marketed with, which ÂÒÂ׶ÌÊÓƵ analysts said price in around €119m of cost savings and strips...

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]]> Analysts and investors remarked on the scale of the Ebitda adjustments the deal was being marketed with, which ÂÒÂ׶ÌÊÓƵ analysts said price in around €119m of cost savings and strips out the Covid-afflicted trading across all of 2020.

Without the adjustments, net leverage would stand at 7.2x on the senior secured notes, versus the 4.8x based off of the management-adjusted Ebitda, said ÂÒÂ׶ÌÊÓƵ.

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]]> Vonovia shows investors are still keen for green /vonovia-shows-investors-are-still-keen-for-green/ Wed, 17 Mar 2021 16:11:18 +0000 http://know.creditsights.com/?p=4061 The ever-increasing demand for green bonds from investors, meanwhile, is supporting their expected performance. Given the overall appetite for green and the relatively defensive nature of the Vonovia credit, ÂÒÂ׶ÌÊÓƵ...

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]]> The ever-increasing demand for green bonds from investors, meanwhile, is supporting their expected performance. Given the overall appetite for green and the relatively defensive nature of the Vonovia credit, ÂÒÂ׶ÌÊÓƵ analysts wrote that they would buy the bond down to 57bp, while seeing fair value around 62bp.

Green bond issuance from the real estate sector is expected to continue to grow given the expanding demand for sustainable buildings. Around 40% of the energy consumption in the EU is accounted for by the building sector and 35% of the CO2 emissions, according to ÂÒÂ׶ÌÊÓƵ.

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]]> Goldman and Morgan Stanley return to bond primary for TLAC funding https://www.nasdaq.com/articles/goldman-and-morgan-stanley-return-to-bond-primary-for-tlac-funding-2021-01-20#new_tab Wed, 20 Jan 2021 14:58:25 +0000 http://know.creditsights.com/?p=3672 Some of that late-year issuance was to get in ahead of some US$18bn of funding needs to refinance 2021 maturities and those efforts are continued with Wednesday’s bond, according to...

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]]> Some of that late-year issuance was to get in ahead of some US$18bn of funding needs to refinance 2021 maturities and those efforts are continued with Wednesday’s bond, according to research firm ÂÒÂ׶ÌÊÓƵ.

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]]> Wells Fargo issues debut rate-reset note https://www.nasdaq.com/articles/wells-fargo-issues-debut-rate-reset-note-2021-01-19#new_tab Tue, 19 Jan 2021 15:00:36 +0000 http://know.creditsights.com/?p=3674 Although the spread over senior credit is attractive to investors and rate resets are well protected from rising rate risks, the risk is not zero, said Jesse Rosenthal head of...

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]]> Although the spread over senior credit is attractive to investors and rate resets are well protected from rising rate risks, the risk is not zero, said Jesse Rosenthal head of US financials for ÂÒÂ׶ÌÊÓƵ.

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]]> Debt market runs dry for US shale revolution https://www.nasdaq.com/articles/debt-market-runs-dry-for-us-shale-revolution-2020-12-11 Fri, 11 Dec 2020 14:02:42 +0000 http://know.creditsights.com/?p=3576 “The larger problem from the investor standpoint is that returns have been challenging and the expectation going forward is that crude oil and natural gas prices have been structurally impaired,”...

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]]> “The larger problem from the investor standpoint is that returns have been challenging and the expectation going forward is that crude oil and natural gas prices have been structurally impaired,” said Jake Leiby, an oil and gas analyst at ÂÒÂ׶ÌÊÓƵ.

“I think that is more a driver than ESG, but ESG is certainly another layer of icing on the cake,” he said.

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