Corporate Borrowing & Debt

The automaker priced $2.25 billion of green bonds in two parts, in its maiden foray into ESG borrowing.

The short-term IOUs look increasingly attractive compared with locking in longer-term borrowing in a market beset by turbulence.

Climate group claims environmental and reputational risks outweigh prospective revenue for banks considering underwriting bonds for coal, oil, and/or gas companies.

Direct lenders are lavishing risky companies and private-equity firms with capital at rates below what's available in the volatility-lashed high-yield and syndicated-loan market.

Risk premiums on U.S. high-grade corporate bonds are climbing toward their highest levels in about two years.

For both investment-grade and below-investment-grade public companies, debt refinancing and working capital improvements had great effect in 2020 and 2021.