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Credit Corporate Debt

  • SAN FRANCISCO, Dec 12- Private jet startup JetSmarter said on Monday it had raised $105 million in financing from a range of investors including the Saudi Royal Family and rapper and businessman Jay Z. The service costs $15,000 in membership fees for the first year and $11,000 after that, according to the company website. Still, JetSmarter has caught the...

  • DUBAI, Dec 12- Kuwait National Petroleum Co has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said. The loan, which has guarantees from various countries' export credit agencies, is expected to include the participation of BBVA, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Credit...

  • BEIJING/ HONG KONG, Dec 8- China has proposed to fully open its credit rating market to foreign participants, a move that was cheered by global rating agencies and could promote more accurate risk assessment and pricing in the mammoth corporate debt market. At present, global rating agencies can only have minority stakes in joint-venture operations in China.

  • The plan, announced late on Monday, to spin off JBS's international businesses and its Brazilian poultry unit Seara under Holland- based JBS Foods International B.V. is part of a much simpler, revised corporate reorganization plan intended to reduce company financing costs. The new reorganization comes less than two months after Brazil's BNDES development...

  • China has same problems as other developed countries: Expert

    Kumar Palghat at Kapstream Capital looks at China's problems with non-performing loans.

  • CHICAGO, Dec 2- U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices. The financing included a $500 million term loan, which the company is planning to repay, along with a $200 million bonding accommodation...

  • CANNES, France, Dec 1- British shoppers will soon be able to decide to spread the cost of a purchase over a series of monthly instalments at the point of making a payment with their credit card, in a new partnership between Mastercard Inc card machine maker VeriFone Systems Inc.. The "Mastercard Intalments" app- the first of its kind in Britain- will launch on VeriFone...

  • HONG KONG, Dec 1- China National Chemical Corp is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta, two sources with direct knowledge of the matter told Thomson Reuters publication Basis Point. The financing structure entails investors committing to the fund, which would in turn own equity in Syngenta,...

  • *Dec. 4 referendum casts shadow on rescue plan. MILAN, Nov 28- More than 8 billion euros of legal claims against Monte dei Paschi di Siena, its weakening liquidity and the potential for more bad loan writedowns are among risks the bank says could scupper its 5- billion-euro rescue plan. The bank, the world's oldest still in business, made its disclosure to markets...

  • *VW says extends bank credit line until June 2017. FRANKFURT, Nov 28- Volkswagen has agreed to extend a 20 billion-euro bank credit line, it said on Monday, part of the German carmaker's efforts to maintain its financial strength while it counts the full cost of its emissions scandal. VW faces a record-breaking corporate settlement with regulators and vehicle...

  • Dire warning from top investor

    Tad Rivelle, TCW CIO for fixed income, discusses why he foresees the next recession due to the high levels of corporate debt.

  • China's debt load is worrying investors and observers.

    China’s economic transition has caused a problem for the government — how to avert a sharp slowdown while keeping a lid on debt.

  • Interns from around the city protest near the Senate steps to urge the Senate to act on a House passed bill, Smarter Solutions for Students Act, which would prevent student loan interest rates from doubling.

    Wells Fargo and Amazon said they had ended a partnership to offer discounted student loans to the online retailer's "Prime Student" customers.

  • Tesla investor on bond buy

    Joe Dennison, Zevenbergen Capital Investments Associate Portfolio Manager, discusses the SolarCity bond offering to Elon Musk and his cousins the Rive brothers. The "Fast Money" traders weigh in.

  • Diamond: SCTY bond deal 'troubling governance move'

    Stephen Diamond, Professor at Santa Clara University’s School of Law, discusses SolarCity's bond offering to Elon Musk and the Rive brothers, and what corporate governance issues surround the merger between Musk's Tesla and SolarCity.

  • Musk's backing of SolarCity

    CNBC's Phil LeBeau reports the details of Elon Musk's and the Rive brothers' deal for SolarCity's debt.

  • Is the UK now an attractive place to issue corporate debt?

    Alix Stewart, fund manager at Schroders, talks about the impact of a weaker sterling and Bank of England policy on corporate bond issuance.

  • China Bonds

    Beijing appears willing to let some of the state-owned enterprises and local bond investors take a haircut, says NAB's Mark Todd.

  • Central bankers from the U.S., India and Malaysia pointed to debt as a key factor holding back the global economic recovery from the financial crisis.

  • China Corp Debt

    Dagong Chairman Guan Jianzhong recommends that Beijing sets up a transparent credit rating system to guide the economy towards sustainable debt.