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Credit Corporate Debt

  • Dec 15- Swiss pharmaceutical manufacturer Lonza Group AG said on Thursday it is buying Capsugel, a U.S. maker of capsule products and other drug delivery systems, for $5.5 billion in cash. It also secured committed debt financing for the full acquisition amount from Bank of America Merrill Lynch and UBS. Jefferies LLC is Lonza's lead financial adviser, the...

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • TORONTO, Dec 14- Business has doubled for Canadian financial technology firm Financeit since it purchased the home improvement financing assets of Toronto Dominion Bank and the company is seeking more acquisitions, its founder said. TD sold its indirect home improvement financing assets, which had a book value of C $339 million, in September, to Financeit and...

  • Dec 9- A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust pursue a new asset management contract, according to a letter seen by Reuters. Bow Street LLC said in the letter dated on Friday that its $728 million offer is fully financed. NorthStar Europe focuses on...

  • 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...

  • Nov 21- Intarcia Therapeutics Inc said on Monday it submitted a marketing application for its matchstick-size implantable drug-delivery pump for diabetes to the U.S. Food and Drug Administration. Privately held Intarcia, which clinched a royalty-based financing deal last year valuing the company at about $5.5 billion, is developing ITCA 650 in...

  • PARIS, Nov 18- CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore- based NOL, its biggest-ever acquisition. The French-based company's net loss including NOL was $268 million, compared with a $51 million net profit in the third quarter of...

  • *Debt securities trading made Deutsche global heavyweight. *Bank now examining retrenchment from business. FRANKFURT/ LONDON, Nov 18- Deutsche Bank is looking to cut its loan securitisation business further starting with repackaged U.S. mortgages, two people familiar with the matter said, as the lender braces for a large fine in the United States for alleged...

  • HONG KONG/ LONDON, Nov 17- One year on from dire warnings that China's ballooning corporate debt and slowing growth were brewing up an economic storm, global investors are distinctly calmer about the prospects for Asia's biggest economy. President, whose campaign rhetoric threatened trade tariffs on China for what he deemed unfair competition.

  • BLANKFEN SAYS IN 10 YEARS HE HOPES LOANS OUTSTANDING FOR CONSUMER LENDING BUSINESS WILL BE IN THE "BILLIONS".