Shanghai Chaori Solar Energy Science and Technology Co Ltd failed last Friday to pay an 89 million yuan interest payment on a 1- billion-yuan, five-year bond it issued in 2012.. "The marketisation of defaults constitutes progress," said Chen Dongming, chief credit officer at China Lianhe Rating Co Ltd in Beijing.» Read More
Jeff Peskind, Phoenix Investment Adviser, says if you need income, junk bonds have the lowest interest rate sensitivity of any bond class.
NEW YORK, Jan 2- U.S. "There is a meaningful bearish sentiment in bonds right now, but we might see relief in the next few days," said Robbert Van Batenburg, director of market strategy at Newedge USA LLC in New York.
Kevin Giddis, Raymond James, shares his play on the fixed income space and provides an outlook on where rates are likely headed from here. We are looking for a slight move upward on the long end, says Giddis. Also former Deputy Treasury Secretary Neal Wolin weighs in on how Fed policy will likely impact rates.
Tony Crescenzi, PIMCO, shares his outlook on fixed income, as the yield on 10-year Treasurys continue to climb.
RIO DE JANEIRO, Dec 24- Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA, formerly known as OGX, said on Tuesday it reached a deal with the majority of holders of bonds worth $3.8 billion, a breakthrough that could open the door for a successful restructuring of the bankrupt oil company.
RIO DE JANEIRO, Dec 24- Brazilian tycoon Eike Batista's 0 leo E Gas Participacoes SA, formerly known as OGX, has reached a deal with the majority of holders of bonds totaling $3.8 billion, the company said in a statement late on Tuesday.
United States Trustee Daniel McDermott named five creditors to the committee: Detroit's two pension funds, which are its largest unsecured creditors, bond insurer Financial Guaranty Insurance Company, contract administrator Wilmington Trust Company and an individual creditor, Jessie Payne.
NEW YORK, Dec 19- When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn't having any of it.
Chris Pucillo, President & Chief Investment Officer of Solus, discusses his bullish plays on post-reorganized companies and why there is risk associated with the high yield market right now.
*Market pricing in less than 15 pct risk of senior bail-in. *Contagion effects hugely underestimated- analysts. LONDON, Dec 12- European Union plans to force bond investors take their share of losses in failing banks by 2016 could risk undermining appetite for bank debt and make it more difficult for weaker lenders to fund themselves, credit market experts said.
LONDON, Dec 5- Dollar bonds issued by Ukrainian companies back in the easy-money times are taking a hit on doubts over the country's solvency and fears that a currency devaluation or capital curbs might propel firms into default.
Dec 4- Some day, perhaps soon, interest rates are going to start to go up decisively. Personal finance writer Suze Orman, for example, has stated the case, equating that right to get your principal investment back with carrying a lower risk. Cliff Asness co-founder of AQR Capital Management writes in the Financial Analysts Journal.
Claudia Holm, director of S&P Capital IQ, says that as banks start to deleverage their balance sheets, corporates are turning to capital markets for funding.
BUENOS AIRES, Nov 28- Argentina will pay Repsol with bonds to compensate the Spanish oil major for the seizure of its majority stake in energy company YPF, although the sum and terms have yet to be negotiated, Argentine officials confirmed on Thursday.
Tony Durrant, CFO of Premier Oil, says the company launched the bond to "diversify" its sources of debt capital.
*Shares in Repsol and major shareholders up sharply. MADRID, Nov 26- Oil major Repsol looks likely to settle an 18- month conflict with Argentina after Buenos Aires offered $5 billion in compensation for assets it seized last year- less than half what the Spanish group had demanded and in bonds, not cash.
NEW YORK, Nov 19- Vale SA and Petróleo Brasileiro SA, two of Brazil's three largest companies, are considering selling bonds in international debt markets before the end of this year or in early 2014, a source with direct knowledge of the companies' plans said on Tuesday.
Editor: Malcolm Davidson +44 20 7542 6958. BRUSSELS/ FRANKFURT- A leading international think-tank urged the European Central Bank to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. Credit Suisse private bank co-heads confident of growth.
BRUSSELS/ FRANKFURT, Nov 19- A leading international think-tank urged the European Central Bank on Tuesday to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. One of the bank' hawks, Joerg Asmussen, said separately that more action was possible, but only if deemed necessary.
TOKYO, Nov 19- The operator of the crippled Fukushima nuclear plant, seeking to revive its finances, will receive $2 billion in funding from its lenders via private-placement bonds, a step that will offer greater protection to creditors, people familiar with the situation said on Tuesday.