The technology giant has sold a $6 billion four-tranche bond which pushes its curve out to 40 years as it plans massive investment in technology infrastructure.
The international hunt for yield has helped the Philippines sell its largest-ever offshore bond, but despite a ratings upgrade by S&P, it must balance fiscal easing with a balanced currency.
The sovereign has sold its largest-ever bond. This should help protect the economy from the coronavirus and finances a significant portion of its stimulus package. However, the structure is unlikely to be utilised globally for political reasons.
Understanding what lies behind the mask is becoming ever more important as a wider variety of credits from across the region access the international bond markets.
Investors may need to display more cunning to navigate the Asian high yield bond markets during 2020 as the approaching Year of the Rat ushers in a heavy pipeline of redemptions.