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Corporate Bonds

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  • SHANGHAI, April 20- Baoding Tianwei Baobian Electric Co. Ltd said it has not yet raised enough funds to make a bond interest rate payment due later on Tuesday. The company made the announcement on the website of China's bond clearinghouse. The firm, a subsidiary of state-owned China South Industries Group Corporation, warned investors on April 16 that it might...

  • If nobody likes bonds, who’s buying? Sunday, 19 Apr 2015 | 6:53 PM ET

    It's a conundrum: bonds aren't likely to win a popularity contest any time soon, but analysts don't expect investor demand will slack off.

  • MILAN, April 14- Italian holding group Exor said on Tuesday it had received several non-binding expressions of interest for U.S.-based real estate company Cushman& Wakefield, and the potential buyers were looking over its books. The outcome of the process to shed the asset, in which Exor holds an 81 percent stake, was uncertain at this point, the company said in a...

  • Energy junk bonds find eager buyers Wednesday, 8 Apr 2015 | 6:51 PM ET
    An oil worker in Mentone, Texas.

    The dangers stalking the oil industry are already reflected in the price of US energy junk bonds. Financial Times reports.

  • BEIJING, April 7- Chinese Internet technology company Cloud Live Tech Group said it failed to repay nearly $40 million to bondholders, only the second time a bond publicly traded on one of China's bourses has suffered a default. The default will throw the spotlight once more on the efficacy of China's corporate bankruptcy law and whether its political system,...

  • BEIJING, April 7- Chinese Internet technology company Cloud Live Tech Group became the second listed company in China to default on a corporate bond payment, failing to repay some 240 million yuan to investors. The default will throw a spotlight once more on the efficacy of China's corporate bankruptcy law, and the government's willingness to let investors...

  • Play corporate bonds for the short term: Goldman Sunday, 29 Mar 2015 | 11:27 PM ET

    While corporate bonds may not look terribly attractive amid rising rate expectations, Goldman tips a good performance – but only in the short term.

  • *China could be game changer for green bond market. LONDON, March 23- Companies could issue a record $30 billion in so-called "green bonds" this year, but further growth in the market will depend on developments in China and common standards, Standard& Poor's Rating Services said on Monday. This year, the corporate market has been boosted by more issuances, including...

  • BUENOS AIRES, March 22- Citigroup Inc said it has been authorized by a U.S. judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation. District Judge Thomas Griesa in New York ruled that Argentina must settle with the hedge funds seeking full payment on their defaulted sovereign bonds before...

  • Chinese property developer Kaisa Group, illustrates the challenges for investors holding uninsured corporate debt: Kaisa is trying to restructure 48 billion yuan of debt and is mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its projects last year, leaving investors shell-shocked. A debt restructuring plan...

  • Five themes Asia investors need to know Thursday, 19 Mar 2015 | 8:50 PM ET
    An Indonesian man looks at a running display showing share prices at the stocks exchange building in Jakarta.

    Volatility has become a market hallmark this year and investors across Asia are grappling with a slew of issues. Here are the top five themes.

  • BUENOS AIRES/ NEW YORK, March 18- Citigroup Inc will not appeal a U.S. judge's ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in the default-hit country as swiftly as possible, its lawyer said on Wednesday. District Judge Thomas Griesa in New York to suspend his order blocking payments to enable the...

  • SYDNEY/ NEW YORK, March 18- Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, pulled a $2.5 billion high-yield bond issue after investors rattled by tumbling ore prices balked at the offer, sending its shares to six-year lows. The scrapped refinancing deal is the latest sign of anxiety about massive oversupply in the iron ore...

  • SYDNEY/ NEW YORK, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices. Fortescue, which had net debt of $7.5 billion at Dec. 31, had been looking to push out any debt repayments by up to four years to 2021 and cut its...

  • NEW YORK/ SYDNEY, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors who were concerned about a sharp drop in iron ore prices. Investment banks Credit Suisse and JP Morgan, lead managers for the issue, had first tried to arrange refinance for Fortescue...

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of...

  • UPDATE 1-Citigroup to exit Argentina custody business Tuesday, 17 Mar 2015 | 9:42 AM ET

    NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. District Judge Thomas Griesa in Manhattan, Citigroup said it made its decision in light of his March 12...

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • BUENOS AIRES, March 13- Argentina on Friday demanded banks operating in the country process bond interest payments despite a U.S. court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. Citigroup is one of several international financial institutions caught up in Argentina's lengthy legal feud with...