Since the inception of the sustainability-securities market, only 2021’s $1.126 trillion in sales was higher.

Moody’s Ratings updated its policies to make it simpler to determine how much of hybrid bond issues to consider as equity. “That shift in methodology helped to fuel the rebirth of this market.”

According to a T. Rowe Price portfolio manager, the spread between green bonds and non-green bonds from the same corporate is in the range of 0 bps to 1 bps, which isn’t “economically appealing for an issuer.” Sovereigns are getting about a 7 bps premium, on average.

To fund buybacks of some of its current debt, CVS is expected to issue hybrid securities in the range of $2 billion to $2.5 billion.

The leveraged loan market is seeing Trump’s election as a “tailwind” for after-tax corporate profits, “through lower expected corporate tax rates, less regulation, and higher inflation.”

"They'll create a lot of shock waves, and opportunity. This next year is going to be volatile."

The world's second-largest asset manager expects the U.S. economy to slow to below-trend growth, but to avoid a recession.

The second-largest U.S. bank sold $3.5 billion of subordinated bonds in a single tranche.