corporate-bonds
Top StoriesExclusive-Cinven Bought Eurovita Bonds From Gic, Others to Help Liquidation-Source
Top StoriesLg Chem Raising $2 Billion in Exchangeable Bonds
Top StoriesWhy a $1.5 Trillion Source of Corporate Financing Is Choking on Higher Rates
Top StoriesJapanese Investors Plan to Sue Mufg Unit Over Credit Suisse Bonds – Nikkei
Mexico’s Femsa Launches Second 3 Billion Euro Sale of Heineken Shares
Date: May 31, 2023
Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heineken, the second large offering in its divestment of holdings in the Dutch brewer. The shares are equivalent to a stake of about 5.9%...
Credit Suisse Bond Wipe-Out Will Not Trigger Credit Insurance Payout
Date: May 18, 2023
LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank’s state-engineered merger with UBS was not a credit event. The Swiss bank in March was taken over by UBS in a state-assisted rescue...
European Shares Weighed by US Debt Ceiling Concerns, Slide in Financials
Date: May 17, 2023
European shares weighed by US debt ceiling concerns, slide in financials By Sruthi Shankar (Reuters) – European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default, as well as a slew of downbeat corporate updates weighed on sentiment. The continent-wide STOXX 600 slipped 0.1%, with financial services companies...
Alpha Bank to Sell Bad Loan Portfolio to Fortress and Davidson Kempner
Date: May 5, 2023
Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 650 million euro ($717.34 million) portfolio of corporate bad loans to Fortress and Davidson Kempner. The transaction, named project Hermes,...
UBS Makes Changes to Buyback Programme Following Credit Suisse Takeover
Date: April 18, 2023
UBS makes changes to buyback programme following Credit Suisse takeover ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. UBS said it will use some of the shares for the takeover rather than cancelling them as originally planned after getting approval...
Mitsubishi Ufj to Postpone AT1 Bond Issuance in Credit Suisse Fallout
Date: April 3, 2023
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, a spokesperson said on Monday, making the bank one of the first to do so after Credit Suisse AT1 holders lost some $17 billion. Mitsubishi UFJ decided on the postponement taking into account investor appetite and market...