McLaren Bonds Draw Billions in Investor Demand bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Municipal Bonds: Going Long on Duration, High on Income May 14, 2021
Fixed income investors willing to step out farther on the yield curve can achieve higher-yielding benefits with assets like the
The muni debt markets offers attractive tax advantages.
“This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features,” an ETF Database analysis explained. “These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets.”
Furthermore, municipal bonds are typically used to fund projects that involve infrastructure improvements at the state-wide or city-wide levels. Being that local governments are less likely to default on their debt, the muni debt market is relatively more stable.
Donald Trump, Facing $590 Million in Debt Payments, Gets $617 Million From Property Deal
On 5/1/21 at 10:02 AM EDT
Former President Donald Trump, who reportedly has $590 million in debts due over the next four years, is set to receive a $617 million cash payout as part of a bond deal made by Vornado Realty Trust, his longtime majority-stake partners.
Trump apparently scored the massive $600-million plus in cash after investors bought up $1.2 billion of bonds tied to the refinancing of a San Francisco office tower, 555 California. Trump has a 30 percent minority stake in the building, which makes up a massive portion, as much as $800 million, of his entire net worth. Because Vornado holds the majority stake, Trump doesn t have any control over the two properties he owns with them, the second being 1290 Avenue of the Americans in New York City. The windfall he stumbled into comes at a great time for Trump, analysts said, because numerous banks and businesses cut ties with him in t
Indian defaults spark rules that drag bond sales to 13-year low
SECTIONS
Last Updated: Apr 19, 2021, 07:20 AM IST
Share
Synopsis
Offerings of rupee notes have fallen to 34.4 billion rupees ($463 million) this month, the slowest start to a financial year since 2008.
Bloomberg
By Divya Patil
Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market.
Offerings of rupee notes have fallen to 34.4 billion rupees ($463 million) this month, the slowest start to a financial year since 2008. That’s due in part to rules that took effect April 1 strengthening the role of trustees for secured bonds backed by assets. Such offerings have made up about 60% of India’s total domestic issuance in the last 10 years.
Rising Defaults Spark Rules That Drag Bond Sales To 2008 Low Rising Defaults Spark Rules That Drag Bond Sales To 2008 Low Firms defaulted on at least Rs 5,200 crore of domestic bonds so far this year, the most on record for a similar period.
Updated: April 19, 2021 6:41 pm IST
Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market.
Promoted
Offerings of rupee notes have fallen to Rs 4,380 crore ($584 million) this month, the slowest start to a financial year since 2008. That s due in part to rules that took effect April 1 strengthening the role of trustees for secured bonds backed by assets. Such offerings have made up about 60 per cent of India s total domestic issuance in the last 10 years.