Your Daily Brief For September 27th

Your Daily Brief For September 27th

2 months ago1 min

Today's Stories

Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll be looking at investment-grade US companies, which have been increasingly turning to an unexpected source to borrow money.

"Top-tier US companies are increasingly resorting to the convertible bond market to alleviate escalating borrowing costs: this year, investment-grade borrowers have issued $12 billion in convertible bonds, making up over a third of the total."

Key takeaways:

  • Higher interest rates are pushing more companies to issue “convertible” bonds, which allow firms to borrow more cheaply
  • US beauty company Coty is planning to sell 33 million new shares, laying the foundation for a dual stock listing in Paris


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Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

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