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Company completed bond sale just before Treasuries rout.
Now is a good time for companies to lock in bank loans to fund M&A, stock buybacks, and capital investments.
Year's second-biggest deal pushes Comcast debt to 3.6 times EBITDA.
With watchdogs muzzled by deregulation, “money is chasing looser and looser projects.”
Banks are rewriting the fine print on bonds, while companies warn investors of potential Brexit ramifications.
Changing approaches to corporate cash management, driven by repatriation of overseas funds, have created a $300 billion hole in the market for short-term corporate debt.
MetLife breaks ground with $1 billion bond based on LIBOR heir.
“You should expect to see additional SOFR-linked deals across a broad spectrum of issuers.”
Bank and corporate bonds linked to SOFR may appear on the market in months, not years.
Internal stock market may enable current shareholders and Tesla employees to continue trading shares, with less volatility and less liquidity.