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Top StoriesEuropean Companies Are Tapping Bond Markets Again as Investors Return
InvestingAnalysis-Twitter’s ‘massive’ Revenue Drop Adds to Heavy Debt Burden
Top StoriesMusk’s Lenders Prepare to Hold $12.7 Billion Twitter Debt on Books Until Early 2023 – Ft
Top StoriesBritish Pensions Step up Multi-Billion-Pound Asset Fire Sale as Need for Cash Soars
BoE Doubles Potential Bond Buy-Backs as Emergency Plan Nears End
Date: October 10, 2022
By William Schomberg LONDON (Reuters) -The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm turmoil in the government bond market, announcing new safety-net measures including a doubling of the maximum size of its debt buy-backs. Finance minister Kwasi Kwarteng last month sparked a bond rout with...
Credit Suisse Bonds Hit Record Lows
Date: October 3, 2022
LONDON (Reuters) – Euro-denominated bonds issued by Credit Suisse dropped to record lows on Monday, reflecting market concern about the Swiss bank as it finalises a restructuring programme due to be announced on Oct. 27. The embattled lender’s longer-dated bonds suffered the sharpest declines. The 2032 issue lost more than 7 cents to dip below...
Struggling Cineworld Paints Bleak Picture for Cinemas
Date: September 30, 2022
By Yadarisa Shabong (Reuters) -Britain’s Cineworld on Friday painted a bleak picture for cinema operators, forecasting admissions would remain below pre-pandemic levels in the next two years as the Regal chain owner tries to fix its finances under bankruptcy protection. The world’s second-largest movie theatre operator behind AMC Entertainment filed for U.S. bankruptcy earlier in...
Bank of England Seeks to Stem Bond Market Turmoil After Tax Cut Storm
Date: September 28, 2022
By Andy Bruce and David Milliken LONDON (Reuters) -The Bank of England sought to quell a fire-storm in Britain’s bond markets, saying it would buy as much government debt as needed to restore order after new Prime Minister Liz Truss’ tax cut plans triggered financial chaos. Having failed to cool the sell-off with verbal interventions...
UK Corporate Borrowing Costs Soar as Mini-Budget Fallout Spreads
Date: September 28, 2022
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) -Borrowing costs for UK firms are soaring, with sterling corporate bond prices headed for their biggest monthly fall since the 1990s as fallout from the British government’s “mini-Budget” grows. The Bank of England on Wednesday said it would start a temporary programme of long-dated UK government bond...
Banks Close Painful Citrix Debt Chapter With $700 Million Loss -Source
Date: September 22, 2022
By Abigail Summerville and Matt Tracy (Reuters) – Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc by accepting a $700 million loss, a person familiar with the matter said on Wednesday. The process emerged as a key test of...