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  • The company has hired little-known, Miami- based financial services firm CP Capital to structure 3- year notes with a one-year grace period that will have the same status as PDVSA's global bonds, according to documents obtained by Reuters. "CP Capital has been hired to advise PDVSA on the exchange of commercial invoices for financial debt with a minimum amount...

  • UBS: HY corporate bond spreads are attractive

    Could increasingly attractive high-yield corporate bonds offer a fruitful return? Christopher Wright, cross-asset strategist at UBS Wealth Management, discusses.

  • SHANGHAI, May 20- Bank of China Ltd and China Merchants Bank Co Ltd are poised to issue China's first bad debt backed securities since 2008, according to statements posted on the website of China's main bond clearinghouse. Many analysts believe the real bad debt burden at China's banks is much higher, but even the official figures show a sharp rise in troubled...

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff. Investors have said Petrobras, which for years was Rousseff's main tool to enact policies that...

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff. Investors have said Petrobras, which was Rousseff's main tool to enact policies that helped...

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday through a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff. Analysts and investors have said Petrobras, which for years was Rousseff's favorite tool...

  • May 12- Debt-laden Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Thursday it had issued or agreed to issue about 4 percent of its outstanding shares in exchange for debt over the past week. A number of U.S. oil producers have completed debt-for-equity swaps or bond swaps as they try to reduce their debt and interest payments as oil...

  • U.S. authorities said Jason Galanis enlisted his father, John, and five others to defraud clients who invested more than $43 million in illiquid, sham bonds issued in 2014 and 2015 by the Wakpamni Lake Community Corp, an affiliate of the Oglala Sioux Nation in South Dakota. Rather than invest proceeds to provide capital for the tribe and make payments to...

  • SHANGHAI, May 10- China's 715 billion yuan cash injection into its financial system last month has helped avert a rout in the domestic corporate bond market, easing pressure on the central bank to take more aggressive action. "The government still wants to lower the cost of doing business, and the central bank has a lot of tools now like the MLF to keep money market...

  • ROME, May 9- The euro zone is tying itself in knots over whether to limit banks' holdings of their own governments' bonds or to make them set aside more capital against home sovereign risk. Germany, the bloc's dominant power, has made such "risk reduction" measures, as it calls them, a prior condition before it will accept any further "risk sharing" in Europe's banking...

  • ECB IG corporate bond buying to start in June

    Why does Europe’s corporate debt market need intervention from the European Central Bank? Nathaniel Rosenbaum, vice president of credit strategy at Wells Fargo Securities, explains.

  • STOCKHOLM, May 6- Volvo Car Group aims to raise 500 million euros by issuing the first corporate bond in its 89 year history, the Chinese-owned carmaker said on Friday. "The proceeds from the bond issue are being raised for general corporate purposes and are aimed at increasing the company's financial flexibility and diversifying its funding sources," Volvo Car...

  • SHANGHAI, May 5- A Chinese solar equipment firm, Baoding Tianwei Yingli New Energy Resources Co Ltd, said it may be miss payment on a 1.4 billion yuan five-year note maturing on May 12. The unlisted firm, a subsidiary of New York- listed Yingli Green Energy Holdings Co Ltd, cited consecutive losses as the reason for the potential default. It issued the warning in a...

  • CARACAS/ HOUSTON, May 3- Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co as it negotiates private issuances to pay off its suppliers, industry sources told Reuters, stretching the finances of a company that bondholders already worry is on its way to default. The securities are not bonds but offer...

  • Chinese issuers have started returning to the offshore renminbi bond market after a lapse of five months, the South China Morning Post reports.

  • TOKYO, April 27- Japanese life insurers, which have combined assets of roughly 200 trillion yen under management, are planning to keep increasing their foreign bond holdings in the fiscal year through March 2017. Meiji Yasuda to increase holding of both FX-hedged and unhedged bonds by Y200. Daido to further increase holdings after buying Y180 bln last FY Fukoku...

  • HONG KONG, April 26- 1 Malaysia Development Bhd said on Tuesday it did not pay a $50.3 million coupon on a $1.75 bond following a stand-off with Abu Dhabi sovereign fund IPIC, triggering cross defaults on some of its other bonds. The Abu Dhabi fund has claimed that 1 MDB and its sole shareholder, Malaysia's Ministry of Finance, have failed to meet the obligations...

  • Global bond markets have rallied recently but a rise in interest rates could trip many participants, a senior investor warns.

  • SAO PAULO, April 25- Oi SA on Monday formally started talks to restructure $14.3 billion of bonds, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival. Reuters, citing sources, said the group of over 25 investment firms including BlackRock Inc, Citadel LLC and Pacific Investment...

  • SAO PAULO, April 25- Oi SA on Monday formally started talks to restructure $14.3 billion of bonds, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival. Reuters reported earlier in the day that the group, which includes Pacific Investment Management Co, BlackRock Inc and Citadel LLC,...