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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May 6- Tallgrass Energy Partners LP:. *Announces launch of initial public offering. *Says launch of its initial public offering of 13.05 million common units.
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FRANKFURT, May 6- German industrial gases firm Linde AG said it would call and redeem a 400 million-euro subordinated bond issued in 2003.. "Our solid financial position and strong equity base allow us to redeem the subordinated bond on its first call date," Georg Denoke, finance chief of Linde, said in a statement. The bond will be called and redeemed on July 3.
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*Dubai bank hires Citi, HSBC and NBAD for potential bond. DUBAI, May 6- Commercial Bank of Dubai. CBD, rated A- by Fitch, has mandated Citigroup, HSBC Holdings and National Bank of Abu Dhabi to conduct investor meetings which begin on May 9, ahead of the bond sale, it said in a statement on Monday.
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DUBAI, May 6- Commercial Bank of Dubai has picked three banks to arrange investor meetings ahead of a possible benchmark-sized dollar-denominated bond, the company said in a statement on Monday. The lender has mandated Citigroup Inc, HSBC Holdings.
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May 3- Xinyuan Real Estate Co Ltd:. *Xinyuan real estate co., ltd. announces issuance of US $200 million of 13.25% senior notes due 2018. *Xinyuan real estate co-to use net proceeds of offering to repay certain existing debts, invest in new real estate projects in China, United States.
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LAGOS, May 3- Nigeria's Fidelity Bank. Citibank and Deutsche Bank were joint lead managers on the deal, a prospectus obtained by Reuters shows. Samir Gadio, emerging market strategist at Standard Bank, said the issue price had been 99.48 percent and that the bond gives a spread over U.S.
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NEW YORK, May 3- Years of badgering Apple to consider the virtues of taking on debt finally paid off for the investment banking industry last week- and for two banks in particular- when the world leader in consumer technology innovations issued a record-breaking US $17 bn of bonds.
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May 3- Saratoga Investment Corp:. *Prices public offering of $42.0 million 7.50% notes due 2020. *Source text for Eikon* Further company coverage.
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*To issue 199.9 mln new shares at 340 rupees apiece. NEW DELHI, May 3- India's Bharti Airtel Ltd. Bharti, controlled by billionaire Sunil Mittal and also nearly a third owned by Southeast Asia's top phone carrier SingTel had $11.7 billion of net debt, or about 2.5 times its operating profit, as of end-March.
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*Commences tender offer for up to $300 million of its 8.000% senior notes due. *Says tender offer will expire at 12:00 midnight, New York City time, at the. end of may 30, 2013* Source text for Eikon* Further company coverage.
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NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is speaking to investment banks about an initial public offering in the United States, a person with knowledge of the matter said on Thursday.
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NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is preparing for an initial public offering in the United States, the Financial Times reported on Thursday, citing banking sources.
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NEW YORK, May 2- Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is preparing for an initial public offering in the United States, the Financial Times reported on Thursday, citing banking sources.
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Discussing the housing recovery, and the state of home building credit markets, with Robert Curan, Fitch Ratings lead homebuilding analyst
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Fitch placed Athene on Rating Watch Negative on Dec. 21, 2012 following the company's announcement that Athene Holding Ltd. would be acquiring the U.S. annuity and life operations of Aviva PLC for $1.55 billion. Following close, Aviva USA's insurance operations will become wholly owned subsidiaries of Athene.
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*Prices $1.0 billion offering of senior notes.
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NEW YORK, May 02 Fitch Ratings currently rates Banco Santander S.A.' s Brazilian Real senior unsecured notes that have a maturity of March 18, 2016 at' BBB'. A reopening of this issuance for up to an additional BRL 500 million is to be issued through BSB's Grand Cayman Branch.
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*New jobless claims fall to lowest level in more than five years. NEW YORK, May 2- U.S. "Treasuries modestly weakened, consistent with the slightly better tone in risk assets after the ECB rate cut," but "more focus given to the payrolls report tomorrow," said Eric Stein, co-director of global income at Eaton Vance Management in Boston.
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*New jobless claims fall to lowest level in more than five years. NEW YORK, May 2- U.S. "Treasuries modestly weakened, consistent with the slightly better tone in risk assets after the ECB rate cut," but "more focus given to the payrolls report tomorrow," said Eric Stein, co-director of global income at Eaton Vance Management in Boston.
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HONG KONG, May 2- China Railway Construction Corporation plans to issue Regulation S notes through its wholly-owned subsidiary CRCC Yuxiang Limited, China Railway said in a statement to the Hong Kong exchange on Thursday.