This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Hertz’s Bonds Tick Lower on Softer Quarterly Results
May 14, 2025
Rental car company Hertz’s bonds were lower by ~1 point after it missed the street’s expectations in its quarterly results. Hertz reported a near 13% drop in revenues to $1.81bn and an adjusted net loss of $1.12/share. Analysts had expected revenues of $2bn and adjusted net loss per share of $0.97/share. Hertz said that the drop in revenues was majorly due to reduced fleet capacity, down by 8% YoY. Besides, the company has also seen a slowing down in demand for bookings from corporate, government and US inbound customers. Late last month, Hertz’s bonds had fallen after news that US President Donald Trump was set to ease the 25% auto tariffs through a new executive order.
Hertz’s 5% 2029s were down 1 point to trade at 67.3 cents on the dollar, yielding 15.2%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.