This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
THE BOOK
The Book: Eli Lilly issues 40-year notes as weight loss industry booms
Eli Lilly & Co issued US$6.71 billion in bonds in August, with maturities ranging from three to 40 years.
The firm, which produces weight loss drugs Zepbound and Mounjaro, reported US$15.56 billion in revenue over...
The Book: Equity-linked note issuance on the rise in APAC
Convertible and exchangeable bond issuance in APAC is on track for a record-breaking year, Citi has noted.
Convertible bonds allow holders to convert their bond into shares of the issuer. Exchangeable bonds can be exchanged...
State Street joins JPM digital debt platform
State Street has become the inaugural third-party custodian on JP Morgan’s digital debt service.
The digital debt service allows the issuance, settlement and servicing of tokenised blockchain-based debt securities. State Street can now provide custody...
The Book: TPG Operating Group prices US$500 million senior notes
The operating group of global asset management firm TPG has priced US$500 million in senior notes.
TPG holds US$261 billion in assets under management and investment.
Due 2036, and with a coupon of 5.375%, interest will...
