Alcoa Closes $2.6B Senior Notes to Fund South32 Assets
Alcoa closed a $2.6B senior notes offering across 2034 and 2036 tranches, terminating its bridge facility to fund its $3.1B South32 asset purchase.
corporate bonds
IQVIA Closes $2B Senior Notes Sale to Refinance Debt
IQVIA completed a $2.0B sale of 6.375% senior notes due 2034 to redeem its 5.000% 2026 notes and pay down revolving debt, pushing maturities out eight years.
Debt Covenants Explained: Affirmative, Negative, and Cov-Lite
Understand debt covenants: affirmative vs negative rules, financial maintenance tests, debt-to-EBITDA math, and why covenant-lite loans dominate modern credit.
AI Capex Drives US Corporate Bonds Past Record Pace in 2026
US corporate bond issuance hit $1.23T through May 2026 as hyperscalers tap the market to fund AI capex on a historic scale.
NVIDIA Sells $25B in Bonds, Largest Ever, First Since 2021
NVIDIA priced a $25B seven-tranche bond on June 15, upsizing from $20B — its first debt sale since 2021 and the largest in its history.
Investment Grade vs High Yield Bonds: A Complete Guide
How investment grade and high yield bonds differ: rating cutoffs, spreads, default rates, recovery rates, and the math behind credit risk.
Convertible Bonds Explained: When Debt Turns Into Stock
How convertible bonds work: conversion ratio, conversion premium, the bond floor, convertible arbitrage, and the four main types of converts.
Convertible Bonds: How Debt and Equity Merge in One Security
Learn how convertible bonds work — coupon, conversion ratio, bond floor, and conversion premium — with plain-English examples and a verified worked illustration.
Fed Holds at 3.50–3.75%: Bond Markets Navigate a 16-Month Rate Pause
The FOMC’s April 29 decision leaves the federal funds rate unchanged for a 16th consecutive month, as Treasury yields hold firm and corporate borrowers weigh their next move.
Oil at $100, Credit Markets on Watch: What Corporate Bonds Reveal
WTI crude surged above $100 after Iran ceasefire talks collapsed. Here is what corporate bond spreads reveal that equity markets may be missing.