Tag: Debt

WeWork’s Lucky Number Proves Anything But as New Bonds Decline

debut junk debt offering when it took advantage of heavy demand and boosted the size of the deal. But investors have since been reeling in their chips and sending the bonds tumbling. The $702 million of speculative-grade bonds, sold on Wednesday at par, fell for the third straight day on Monday to 96.5 cents on the …

Prologis to Acquire DCT Industrial Trust for $8.4 Billion

DCT CEO Hawkins to serve on board of combined companies Both landlords serve Amazon, other e-commerce tenants Prologis Inc. agreed to acquire statement Sunday. That represents a premium of about 16 percent over DCT’s closing price of $58.75 on Friday. The boards of both San Francisco-based Prologis and Denver-based DCT approved the purchase, which is expected …

Citigroup Says Buy 3% 10-Year Treasuries, Target Rally to 2.65%

Who wants to buy U.S. Treasuries at these levels? Citigroup Inc., for one. With the longest selloff in a year stalling, Citigroup strategists Jabaz Mathai and Jason Williams say go long duration by purchasing 10-year notes at about 3 percent. They’re targeting a rally that pushes the yield down to 2.65 percent, according to a note …

How 3% Yields Could Reshape the Investing Landscape

Yield on benchmark 10-year U.S. Treasury hits 2.99 percent Stocks, emerging markets could reprice with higher inflation time in the past four years, prompting investors to dust off their playbooks for how to trade in an era of relatively higher rates. Rising rates isn’t exactly a new problem for markets — the 10-year yield jumped 30 …

What Global Finance Chiefs Are Saying About the Global Economy

"Things are good, but they’re getting risky." That’s how David Lipton, first deputy managing director at the IMF, characterized the global economic state of play in a Bloomberg Television interview. His observation captured the mood at the dominated discussions. While the IMF left its forecasts for Record debt was highlighted as a threat to financial stability, …

PokerStars Owner to Buy Sky Betting in $4.7 Billion Deal

Stars Group to pay cash, stock to owners CVC Capital and Sky CEO Ashkenazi says acquisition offers great growth potential Stars Group Inc. agreed to buy Sky Betting & Gaming in a deal valued at $4.7 billion, moving deeper into sports betting to create the biggest publicly listed online gambling company. Toronto-based Stars Group will pay …

Russia Poised for Economic Foothold Over EU Member’s Resistance

Two Russian banks are on the verge of taking a substantial equity stake of Croatia’s biggest retailer, in a sign Moscow is expanding its reach in a corner of the European Union that has for years tried to fend off Russian investment. State-owned Sberbank PJSC and VTB Group are set to convert claims of about 1.4 …
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