Companies Run To Bond Markets After Last Week's Fed Rate Cut
Companies Run To Bond Markets After Last Week's Fed Rate Cut
Wayfair is not alone in its dash for debt as 10 high-grade issuers — including Online furniture retailer Wayfair Inc. (NYSE:W) said on Monday that it is offering $700 million in secured notes to repay some of its debt, joining other companies' run to the debt markets less than a week after the Federal Reserve cut interest rates for the first time in four years.
紐交所的在線傢俱零售商wayfair表示週一將發行70000萬美元的擔保債券，用以償還部分債務，這是聯儲局四年來首次減息不到一週後，其他公司紛紛湧向債券市場。
The Fed lowered its key interest rate on Wednesday by an unexpected 50 basis points to a range between 4.75% and 5%, setting in motion an expected gradual decrease in rates on bonds, car loans, mortgages and anything else with an interest rate.
聯儲局在週三意外降低了基準利率50個點子，將其降至4.75%至5%之間，這引發了對債券、汽車貸款、抵押貸款以及其他利率產品的預期逐步減息。
Wayfair said the proceeds from the notes, which will mature in 2029, go towards paying back certain convertible senior notes and general corporate purposes.
wayfair表示，2029年到期的債券所得款項將用於償還特定可轉換高級票據和一般公司用途。
Wayfair is not alone in its dash for debt as 10 high-grade issuers — including TMobile US, Inc. (NASDAQ:TMUS) — are looking to raise money from borrowing in the junk-bond market, a flurry that could result in $20 billion to $25 billion in deals this week, Bloomberg reported.
wayfair並非唯一一家爭先恐後追求債務的公司，包括TMobile US, Inc. (納斯達克:TMUS)在內的10家高評級發行人正尋求從垃圾債券市場融資，彭博報道稱，這一激增可能導致本週達200億至250億美元的交易量。
The average yield in the U.S. investment-grade and high-yield bond markets fell after the Fed rate cut, enticing issuers into the market.
美國投資級和高收益債券市場的平均收益率在聯儲局減息後下跌，吸引了發行人進入市場。
Cigarette-filter maker Cerdia Holdings issued $800 million in debt to refinance notes due 2027 and pay for a shareholder distribution.
香菸濾嘴製造商Cerdia Holdings發行80000萬美元的債券，用以再融資到2027年到期的債券並支付股東分配。
Australian coal miner Coronado Global Resources (OTC:CODQL) launched a $400 million offer to redeem its 2026 notes, while U.S.-based telecommunications company Windstream Holdings, Inc. put together a $1.3 billion debt package through the loan and bond markets to refinance loans.
澳大利亞煤炭生產商Coronado Global Resources (場外交易:CODQL)推出了4億美元的要約，用以贖回其2026年到期的債券，同時總部位於美國的電信公司Windstream Holdings, Inc.則通過貸款和債券市場籌集了13億美元的債務包，用以再融資貸款。
Price Action: Investment banks that underwrite corporate bonds saw gains and losses on Monday.
價格走勢：承銷公司債券的投資銀行在週一實現了盈利和虧損。
Charles Schwab Corporation (NYSE:SCHW) declined 0.7% to close at $64.93
JPMorgan & Chase Co. (NYSE:JPM) rose 0.17% to close at $211.44
Goldman Sachs Group Inc. (NYSE:GS) slipped 0.2% to close at $497.41
嘉信理財公司（紐交所：SCHW）下跌0.7%，收於64.93美元。
摩根大通公司（紐交所：JPM）上漲0.17%，收於211.44美元。
高盛集團有限公司（紐交所：GS）下跌0.2%，收於497.41美元。
譯文內容由第三人軟體翻譯。