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S&P Report Says Convertible Bonds to Continue Strong Global Growth Mar 04
Standard & Poors, March 2004
NEW YORK (Standard & Poor's) March 24, 2004--Global convertible bond issuance is expected to deliver a strong showing this year, though gains will be much lower than a blockbuster 2003, which recorded the second-highest annual volume in history, according to a report released today by Standard & Poor's Ratings Services. Interest rates remain low and spreads reasonably tight, extending the opportunity for issuers to capitalize on attractive financing conditions in the convertible debt market, as well as in the overall bond market. No interest-rate hike is forecast in the remainder of 2004 either in the U.S. or in the eurozone, but expectations that interest rates have reached an inflexion point could prompt a rise in new issues. "To put it...
Companies mentioned in this report are: AMR Corp.,Delta Air Lines Inc.,Japan (Unsolicited Ratings),Singapore (Republic of) (Unsolicited Ratings),United States of America (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),Solectron Corp.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
AMR Corp.,Delta Air Lines Inc.,Japan (Unsolicited Ratings),Singapore (Republic of) (Unsolicited Ratings),United States of America (Unsolicited Ratings),Taiwan (Republic of China) (Unsolicited Ratings),Solectron Corp.