Alix Stewart, fund manager at Schroders, says that there are opportunities in various parts of the corporate bond market, especially at the "long-end of the dollar market".» Read More
Aug 14- A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on the debt.
Wall Street is dipping back in to the junk bond market after the rout in high-yield corporates resulted in record outflows just a week ago.
LONDON, Aug 11- Bulgaria's Corporate Commercial Bank failed to make the final payment on a dollar-denominated bond that matured on Friday, two bondholder sources said, increasing the risk bondholders will take legal action against the state.
LONDON, Aug 8- Prices of dollar bonds issued by Ukrainian companies and banks have fallen on fears the country's difficult economic and political situation is making it hard for them to repay short-term debt. The following are some of the Ukrainian corporate bonds that will mature in coming years:.
Declining credit standards among bond issuers may be worrying, but the papers' buyers, especially ETFs, may also pose risks if liquidity dries up.
Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.
*Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.
July 30- Franklin Resources Inc said on Wednesday investors withdrew $400 million from its municipal bond funds in the latest quarter, a trend that may continue in the short term on worries over Puerto Rico's chronic fiscal woes.
July 30- Franklin Resources Inc said on Wednesday investors withdrew $400 million from its Templeton municipal bond funds in the latest quarter, a trend that may continue in the short term on worries over Puerto Rico's chronic fiscal woes.
*Bank of Cyprus raises 1 bln euros from EU, US investors. LONDON/ NICOSIA, July 29- Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the euro zone's first bank to recapitalise using depositors' cash.
NEW YORK, July 28- A U.S. judge on Monday said Citigroup Inc could make a one-time interest payment on Argentina bonds governed by that country's law, and which are held by creditors that participated in the country's prior debt restructurings.
Even before tougher sanctions against Russia hit the books, the country faces potential hits as investors turn their backs on its financial assets.
Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.
*Chinese firm said to now have enough cash to pay off $64.5 mln bond. SHANGHAI, July 23- A troubled Chinese construction company avoided a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond, people directly involved in the matter told Reuters.
SHANGHAI, July 23- China's Huatong Road& Bridge Group Co Ltd managed to avoid a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond due by the end of the day, sources directly involved in the issue told Reuters.
SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.
SHANGHAI, July 16- Chinese construction firm Huatong Road& Bridge Group Co Ltd said on Wednesday it might fail to pay investors both interest and principal due on a one-year short-term bill issue that matures on July 23. If Huatong fails to pay, it would be the first such publicly announced default in China's interbank market, the country's largest bond market.
Otto Dichtl, managing director at Stifel Nicolaus, comments on Portugal Telecom, as reports indicate that one of the holding companies of the Espirito Santo family, Rioforte, could fail to repay its debt.
YELLEN SAYS PRICES FOR REAL ESTATE, EQUITIES AND CORPORATE BONDS HAVE RISEN APPRECIABLY BUT REMAIN GENERALLY IN LINE WITH HISTORICAL NORMS.
*Concerns ease over Portugal's top bank. Yellen, who will go before the Senate Banking Committee Tuesday to deliver the latest report to Congress on monetary policy, could take a hawkish stance on raising interest rates in response to strong June jobs data, analysts and investors said.