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Borrowing for a Buyback is Back

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August 05, 2013 – Comments (1)

After several weeks, we finally got some activity in new corporate bond issues to write about.

Halliburton's borrowing to fund a share buyback, Celgene may or may not be doing lots of things, Dana Holdings and Wellpoint are borrowing to finance tender offers, Kinder Morgan Partners has an acquisition to pay for.

And, as a bonus for CAPS readers, Alcatel Lucent is shifting its maturity profile as part of a business refocusing effort it calls Shift Plan.

It'll be interesting to see if the activity continues to make boring old bonds not quite so boring.

Fool on!

Russ

 

1 Comments – Post Your Own

#1) On August 08, 2013 at 12:49 AM, HistoricalPEGuy (64.52) wrote:

It's a great sign for the economy, that's for sure!  Some of the names you mention scare the crap out of me, but the trend is something to be mindful of - companies want to grow and are starting to invest to make it happen and that's good news.

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