All articles tagged with #bond buyback
Japan is considering buying back some of its long-term government bonds to control rising yields, alongside plans to reduce new issuance of super-long bonds, as part of efforts to stabilize the bond market amid increasing yields and market volatility. The decision will follow meetings with market participants and requires government approval, with the Bank of Japan also contemplating adjustments to its bond tapering policy.
Adani Ports, India's largest private port operator, has announced its first bond buyback since a short seller attack in June. The company plans to buy back up to $300 million of its dollar-denominated bonds, as part of its financial strategy to reduce debt and improve its credit rating.
UBS is offering to buy back $3 billion of bonds issued days before its acquisition of Credit Suisse Group AG, in an effort to calm concerns over the risks of the deal. While shareholders have cheered UBS picking up its rival at a very cheap price, its bond prices have dropped in recent days and credit ratings companies have lowered their outlook on the bank’s debt. UBS’s credit risk has been jolted since concern over Credit Suisse’s fate, and the role UBS would play in it, roiled global markets.