Companies Run To Bond Markets After Last Week's Fed Rate Cut
Companies Run To Bond Markets After Last Week's Fed Rate Cut
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.
纽交所的在线家具零售商wayfair表示周一将发行70000万美元的担保债券，用以偿还部分债务，这是美联储四年来首次降息不到一周后，其他公司纷纷涌向债券市场。
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.
美联储在周三意外降低了基准利率50个基点，将其降至4.75%至5%之间，这引发了对债券、汽车贷款、抵押贷款以及其他利率产品的预期逐步降息。
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表示来自这些到2029年到期的债券的收入将用于偿还特定可转换优先债券和一般公司用途。
Read Also: Fed Rate Cut Fuels Market Rally Amidst Valuation Fears
阅读更多：美联储降息推动市场反弹，尽管存在估值担忧。
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并非唯一一家争先恐后追求债务的公司，包括TMobile US, Inc. (纳斯达克:TMUS)在内的10家高评级发行人正寻求从垃圾债券市场融资，彭博报道称，这一激增可能导致本周达200亿至250亿美元的交易量。
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.
美国投资级和高收益债券市场的平均收益率在美联储降息后下跌，吸引了发行人进入市场。
Cigarette-filter maker Cerdia Holdings issued $800 million in debt to refinance notes due 2027 and pay for a shareholder distribution.
香烟滤嘴制造商Cerdia Holdings发行80000万美元的债券，用以再融资到2027年到期的债券并支付股东分配。
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.
澳大利亚煤炭生产商Coronado Global Resources (场外交易:CODQL)推出了4亿美元的要约，用以赎回其2026年到期的债券，同时总部位于美国的电信公司Windstream Holdings, Inc.则通过贷款和债券市场筹集了13亿美元的债务包，用以再融资贷款。
Price Action: Investment banks that underwrite corporate bonds saw gains and losses on Monday.
价格走势：承销公司债券的投资银行在周一实现了盈利和亏损。
- 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
- 嘉信理财公司（纽交所：SCHW）下跌0.7%，收于64.93美元。
- 摩根大通公司（纽交所：JPM）上涨0.17%，收于211.44美元。
- 高盛集团有限公司（纽交所：GS）下跌0.2%，收于497.41美元。
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Photo: Shutterstock
Photo: shutterstock
