corporate-bonds
Top StoriesMovie Chain Operator Cineworld Files for U.S. Bankruptcy
Top StoriesFTSE 100 Extends Gains, Micro Focus Soars on Buyout Deal
Top StoriesBank of England Sets Out Plans to Sell $23 Billion Corporate Bond Stockpile
Top StoriesU.s., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Ukraine’s Naftogaz Says Bondholders Reject Second Proposal to Suspend Debt Payments
Date: August 17, 2022
By Marc Jones LONDON (Reuters) -Ukraine’s state-owned gas company Naftogaz said on Wednesday its 2022 bondholders had rejected its latest proposal to suspend its debt payments for two years in the wake of Russia’s invasion. Naftogaz, which accounted for almost 17% of Ukraine’s total state budget revenue last year, has fallen into default after failing...
Analysis-U.S., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Date: August 17, 2022
By Saeed Azhar, Anirban Sen and Davide Barbuscia NEW YORK (Reuters) – Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest...
Cineworld Plunges as Lack of Blockbusters Adds to Debt Woes
Date: August 17, 2022
By Pushkala Aripaka (Reuters) -Cineworld warned on Wednesday a lack of big-budget movies was hitting admissions and would likely persist until November, potentially complicating efforts to cut debt that it warned could significantly dilute shareholder interests. Shares in the world’s second largest cinema chain slumped about 40% in early trading, as it faces payment obligations...
Russia’s Suek, EuroChem Ask Bondholders for Debt Payment Freeze
Date: August 16, 2022
GDANSK, Poland/LONDON (Reuters) -Two of the world’s largest coal and fertiliser companies formerly controlled by Russian businessman Andrey Melnichenko requested bond interest payment freezes on Tuesday, blaming the impact of sanctions and Russia’s retaliatory capital measures. SUEK, Russia’s largest coal firm and among the top 10 in the world, asked holders of its $500 million...
Exclusive: Wall Street Revives Russian Bond Trading After U.S. Go-Ahead
Date: August 15, 2022
By Davide Barbuscia NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic. Most U.S. and European banks had pulled back from...
Marketmind: Fasten Your Seat Belts
Date: August 15, 2022
A look at the day ahead in markets from Anshuman Daga Just as investors were starting to get more confident about a soft landing for the world’s largest economy, with strong jobs growth and cooling inflation, China is playing spoilsport. A slew of data from the second-largest economy missed market forecasts on Monday, forcing the...