Shankar Ramakrishnan

1 week ago | ca.finance.yahoo.com | Shankar Ramakrishnan

(Reuters) -Debt restructuring by financially stressed U.S. companies rose nearly 60% in April, data from JPMorgan showed on Tuesday, as businesses faced pressure from rising tariffs, inflation and capital markets volatility. These operations are called distressed exchanges or liability management exercises and occur when companies in distress renegotiate or restructure their debt rather than filing for bankruptcy.

1 week ago | finance.yahoo.com | Shankar Ramakrishnan

By Shankar Ramakrishnan (Reuters) -A very small proportion of U.S. banks have issued a complex product that enabled them to shed risk from loan portfolios and the relatively modest use of the products was a credit positive, Moody’s Ratings said in a report after surveying 69 rated U.S. banks. In deals known as credit risk transfers, banks effectively buy insurance from hedge funds and other investors against the risk of losses from loans.

1 week ago | gurutrade.com | Shankar Ramakrishnan |David Gregorio

May 5 (Reuters) - Apple on Monday announced a four-tranche bond offering, its first in two years, with proceeds expected to be used to repurchase stock, repay outstanding debt among other purposes, according to its SEC filing. The size of the bond offering was not stated at launch but CreditSights analysts expect it to raise nearly $5 billion to $6 billion. The analysts said Apple has $8 billion in upcoming debt maturities from May through November.

1 week ago | marketscreener.com | Shankar Ramakrishnan |Matt Tracy

(Reuters) -Apple is planning a four-tranche bond offering on Monday, its first in two years, using proceeds to repurchase stock and repay outstanding debt, among other purposes, the company said in an SEC filing. The offering size was not stated but CreditSights analysts expect it to raise nearly $5 billion to $6 billion, noting that Apple has $8 billion in debt maturing from May through November.

1 week ago | marketscreener.com | Shankar Ramakrishnan |Matt Tracy

(Reuters) -Apple sold $4.5 billion worth of bonds late on Monday, its first offering in two years, and said it plans to use proceeds to repurchase stock and repay outstanding debt. The offering included $1.5 billion of three-year notes and $1 billion each of five, seven- and 10-year notes. Apple has $8 billion in debt maturing from May through November.