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Corporate bonds

  • Thursday, 9 January, 2025
    Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza

    Issuers pounce on surging investor demand for debt before Donald Trump returns to the White House

    $100 bills
  • Thursday, 9 January, 2025
    Sovereign bonds
    Bond market ‘police’ are back as investors patrol spending plans

    Debt market flare-ups show growing pushback against governments’ loose fiscal policies

    View of busy street in Paris
  • Tuesday, 7 January, 2025
    Thames Water
    Thames Water junior creditors accuse rivals of ‘predatory’ loan conditions

    Class B bondholders have filed their own restructuring plan for the troubled utility

    A Thames Water van on a road, near staff carrying out repairs and maintenance in London, England in December 2024
  • Friday, 27 December, 2024
    Global corporate borrowing climbs to record $8tn in 2024

    Companies take advantage of huge investor demand to pull forward bond issuance originally planned for next year

    A pile of hundred dollar bills
  • Tuesday, 24 December, 2024
    Leveraged loans
    Defaults on leveraged loans soar to highest rate in 4 years

    Borrowers turn to distressed exchanges in the face of punitive interest rates

    The Federal Reserve building in Washington, DC
  • Sunday, 22 December, 2024
    Capital markets
    Record $600bn pours into global bond funds in 2024

    Investors piled into fixed income in bet on falling interest rates

  • Tuesday, 17 December, 2024
    Thames Water
    Thames Water rival bondholders face off in court hearing

    Troubled utility seeks approval for ‘urgent’ £3bn loan from its top-ranking lenders

    Campaigners against Thames Water outside the High Court
  • Friday, 13 December, 2024
    Thames Water
    Thames Water warns that rival bondholders’ plan risks nationalisation

    Junior bondholders are planning to challenge emergency £3bn loan in court next week

    A tanker is pictured at Thames Water’s Mogden sewage treatment works in Isleworth, west London
  • Friday, 13 December, 2024
    UnhedgedRobert Armstrong
    What high stock prices do Premium content

    Plus credit spreads, and more on department stores

    New York skyline and US $100 notes
  • Tuesday, 10 December, 2024
    Canary Wharf Group PLC
    Apollo lends Canary Wharf £610mn in crucial refinancing deal

    London landlord has no major debts due before 2028 after securing £2bn of headroom in transactions this year

    Canary Wharf skyline
  • Tuesday, 10 December, 2024
    News in-depthFinancial services
    Wall Street’s complex debt bonanza hits fastest pace since 2007

    Banks sell bonds backed by revenues from chicken wings, music catalogues and oil wells

    FT montage including photos of Shakira, Jon Bon Jovi and a Wall Street sign
  • Monday, 9 December, 2024
    US Treasury bonds
    Pimco cuts exposure to long-dated US debt as deficits swell

    Decisions by the world’s biggest active bond fund manager have potential to trigger valuation changes across markets

    Pimco headquarters in Newport Beach, California
  • Monday, 9 December, 2024
    Special ReportFTfm: Active Management
    Fixed income becomes even harder to navigate

    Market participants are realising that the flat, low, predictable rates over the past 15 years were an anomaly

  • Wednesday, 4 December, 2024
    Canary Wharf Group PLC
    Canary Wharf bondholders sign off on £610mn refinancing

    Docklands landlord faces higher debt costs and a challenging backdrop for office buildings

    Silhouetted visitors stand at a viewing spot overlooking the skyscrapers of the Canary Wharf financial district
  • Thursday, 28 November, 2024
    Chinese business & finance
    Chinese companies rush to tap convertible bond market

    Alibaba and Ping An among corporates attracted to cheaper form of financing

    Hoarding at a shopping mall showing mascots for Alibaba’s various platforms
  • Sunday, 24 November, 2024
    News in-depthLeveraged loans
    Buyout shops use Trump rally to cut borrowing costs and fund dividends

    Debt deals by Blackstone, Elliott and Vista Equity Partners point to a sea change in the market

    Blackstone logo outside its headquarters in New York City, US
  • Friday, 22 November, 2024
    Thames Water
    Thames Water faced with £100mn bill from creditors’ advisers

    Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise

    Thames Water vans are parked on a road
  • Friday, 22 November, 2024
    Canary Wharf Group PLC
    Brookfield commits £900mn to backstop Canary Wharf refinancing

    Canadian asset manager agrees to provide equity commitment if landlord cannot pay off bonds

    The Canary Wharf business district and the river Thames
  • Thursday, 21 November, 2024
    Private credit
    How is private credit weathering its first big rate hiking cycle?

    Not great, Bob

  • Tuesday, 19 November, 2024
    Exchange traded funds
    Portfolio trading is reshaping credit markets

    People aren’t as worried about bond market liquidity \o/

  • Monday, 18 November, 2024
    LexSpirit Airlines Inc
    Spirit bankruptcy gives priority boarding to opportunistic creditors Premium content

    Hedge funds and bond managers are willing to invest millions of dollars to get reorganised carrier off the ground

    A Spirit Airlines aircraft taxis to a runway at Hartsfield-Jackson Atlanta airport in Atlanta, Georgia
  • Friday, 15 November, 2024
    Companies rush to US bond market as Trump rally cuts borrowing costs

    Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this week

    Caterpillar excavators for sale at the Whayne Supply dealership in Louisville, Kentucky
  • Monday, 11 November, 2024
    LexUS Treasury bonds
    Treasury yields are red flag for markets’ Trump euphoria Premium content

    Markets look through near-term loosening to medium-term picture for inflation and growth

    President-elect Donald Trump
  • Sunday, 10 November, 2024
    News in-depthThames Water
    How Thames Water became a battleground for hedge funds

    Rival groups of bondholders are vying to extend loans to the troubled UK utility

    Thames Water’s Deephams sewage treatment works in London
  • Thursday, 7 November, 2024
    Thames Water
    Thames Water receives rival £3bn loan offer from bondholders

    Junior creditors say their financing would come with cheaper and more flexible terms

    A pedestrian walks past a Thames Water vehicle in London, with the company's logo prominently displayed on the side. The person is looking at their phone.
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