Junk Bonds

Steep rise in yields raises questions about group's ability to raise fresh debt abroad

S&P cut its rating one notch to BBB- and reduced its view on main operating unit Credit Suisse AG

Asian junk bond investors are increasingly looking to smaller pockets of the market as a debt crisis among the biggest issuers, Chinese property developers, forces old playbooks to be rewritten

Junk spreads have surged 100 basis points the past two weeks as the Federal Reserve's efforts to tame inflation fuel concerns that the central bank will push the economy into a recession

Citigroup Inc. led the sale of the notes, which are due in 2029 and will be used to help refinance some of the expensive debt AMC acquired to get through pandemic-era shutdowns.

The proceeds of the offering will be used to partially fund the privatisation

It's only the second bond sale in Uber's 10-year history

If there is a spike in such issuances, it may add to systemic risk in case issuer ends up defaulting