-- SoftBank Group Corp. was able to reduce underwriting fees for yen retail bonds for the first time in a decade, underscoring the market’s perspective that its credit quality is improving.Billionaire Masayoshi Son’s firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion of seven-year notes for individual investors, according to a company filing. That was a decrease from the ¥1.
The creditworthiness of Japanese companies has been on the rise in recent years, with JCR lifting 99 ratings in 2023, up from 94 in 2022 and 50 in 2021. If the cost of issuance declines as a result of upgrades, companies will have an incentive to raise funds through corporate bonds.For investors, the risk of default will decrease, making it easier to park their money in debt at time when interest rates are rising as the Bank of Japan moves to normalize monetary policy.
Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars' Here's why this ETF could be a better alternative to the S&P 500 The post Hey, Canadian Investors: You Can Do Better Than the S&P 500. Buy This ETF Instead appeared first on The Motley Fool Canada.Nvidia was falling on Monday after its stock split, although two Wall Street analysts believe the chip maker’s valuation will keep climbing. Nvidia’s 10-for-1 stock split took effect after Friday’s closing bell.
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