Corporate Bonds
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*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap's unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.
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*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap's unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.
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Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
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Terry Moore, Fixed Income Portfolio Specialist at T Rowe Price and Will Oswald of Standard Chartered discuss reasons to invest in US Treasuries.
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Bloomberg said last week that its reporters had limited access to some data considered proprietary, including when a customer logs in or looks for information on assets such as equities or bonds. Since then, other Bloomberg clients, including JPMorgan Chase& Co and government agencies across the globe, have said they were looking into the issue.
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Shares of Tesla Motors Inc. shot higher in premarket trading on Thursday after it said it would offer stock and notes in an $830 million deal that will allow it to pay down its debt to the U.S. government. Palo Alto, Calif.- based Tesla said it will offer 2.7 million shares of its common stock and $450 million in convertible senior notes.
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Nicola Marinelli, portfolio manager at Glendevon King Asset Management talks to CNBC about why he's steering clear of Greek corporate bonds right now, which has been a big trade for a lot of hedge funds recently.
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May 15- Tesla Motors Inc, which posted its first-ever quarterly profit last week, said on Wednesday that it aims to raise $830 million through a stock and debt offering that will be used to repay its U.S. Department of Energy loans with interest.
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JPMorgan estimates that the world's central banks and commercial banks alone now hold some $24 trillion worth of bonds- or 55 percent of the entire $44 trillion universe of government, asset-backed and corporate bonds as captured by Barclays Multiverse Global Bond Index.
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NEW YORK-- Suntech Power Holdings Co., one of the world's biggest solar panel manufacturers, said Wednesday that it reached a deal with some of its lenders to again delay the repayment of $541 million in debt. In March, Suntech defaulted on a $541 million bond payment.
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Cliff Corso, Cutwater Asset Management, discusses where he is seeing investment opportunities in the bond market, amid Fed tapering and low interest rates.
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*Petrobras sells bond in six parts, demand tops $50 billion. RIO DE JANEIRO/ SAO PAULO, May 13- Brazil's state-controlled oil firm Petroleo Brasileiro SA sold $11 billion of global debt on Monday in the largest-ever bond offering by a Latin American company.
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Howard Marks, Oaktree Capital, explains why high-yield bonds are less vulnerable to rising interest rates than other classes of fixed income, with Oscar Schafer, Rivulet Capital chairman.
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Craig Veysey, head of fixed income at Sanlam Private Investments, believes European short-dated maturity bonds will not go any lower and advises reallocating towards corporate debts.
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May 7- Webster Financial Corp:. *Says secondary offering of 8.7 million shares. *Source text for Eikon* Further company coverage.
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May 7- Apollo Global Management LLC:. *Management announces launch of public offering of class A shares. *Management- secondary offering of 21.1 million class A shares.
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By Karen Brettell and Luciana Lopez. NEW YORK, May 7- Prices for U.S. "Despite the backup there's not a real rush to be a buyer down here," said Kim Rupert, managing director of global fixed income analysis at Action Economics LLC in San Francisco.
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May 7- Brookfield Infrastructure Partners LP:. *Announces US $296 million equity offering. *Says units issued at a price of $37.75 per lp unit.
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May 7- Atlas Pipeline Partners LP:. *L.p. prices $400 million offering of senior notes due 2021. aggregate principal amount of $325 million.
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May 7- Alpha Natural Resources Inc:.
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*Announces follow-on offering of ordinary shares. *Says commenced an underwritten public offering of 7.0 million ordinary shares. *Says Tornier is offering 4.5 million shares and certain existing shareholders.