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Corporate Debt

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  • TORONTO, Feb 25- Bank of Montreal said on Tuesday its quarterly profit rose 2 percent, topping estimates, as strength in its Canadian branch-banking business and lower loan loss provisions more than made up for a weak performance at its U.S. operation.

  • BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.

  • The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc, which helped finance Desarrolladora Homex, the site's developer and once Mexico's second-largest homebuilder. And some banking analysts say they fear the loan losses could be a taste of further emerging market credit losses to come for Citigroup.

  • MUMBAI, Feb 12- India's Piramal Enterprises Ltd said it will join with Canada Pension Plan Investment Board to set up a $500 million fund to finance residential property projects in India.

  • Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as easier availability of loans amid an improving economy encouraged more people to buy cars.

  • Feb 4- J.C. Penney Co Inc on Tuesday said comparable sales rose 2 percent during the holiday quarter, reporting its first three-month period of growth in two years. In 2013, Penney lined up a $2.25 billion financing package and in September sold nearly $800 million in new shares to further shore up its finances.

  • Feb 4- U.S. auto dealer Asbury Automotive Group Inc posted a better-than-expected quarterly profit as an improving economy and easier availability of loans encouraged more Americans to buy cars. Asbury, which gets most of its revenue from sales of luxury cars made by BMW, Mercedes-Benz, Honda and Nissan, said it sold 10 percent more new cars in the fourth quarter.

  • The Thomson Reuters/ PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 121.6 in December from an upwardly revised 114.6 in the prior month, PayNet said on Tuesday. "We are fairly optimistic there will be some growth coming at least from the small business portion of the economy," PayNet founder Bill Phelan said.

  • New York, Feb 3- An investment vehicle owned by Dish Network Corp Chairman Charles Ergen is joining an existing lender group to extend $33 million in financing to bankrupt wireless company LightSquared, court filings show. LightSquared's equity owner, Phil Falcone's Harbinger Capital Partners, is fighting to keep control of the company in a messy bankruptcy.

  • DUBAI, Jan 29- Abu Dhabi's Waha Capital, the largest shareholder in New York- listed aircraft leasing firm AerCap Holdings, plans to raise a $700 million loan mainly to refinance existing debt, three banking sources aware of the matter said.

  • LONDON, Jan 26- Loan refusal letters and retailers' rejections frame the walls of the Brompton Bicycle factory, a reminder of the obstacles the firm has overcome to establish itself as the UK's top bike-maker, selling 45,000 a year around the world.

  • Junk bond issuance hits all-time high in 2013 Friday, 20 Dec 2013 | 1:56 AM ET

    Global junk bond issuance hit an all-time high in 2013, led by a surge in Europe, as corporates sought to take advantage of cheap borrowing costs.

  • Invest in US corporate assets: Expert     Sunday, 20 Oct 2013 | 6:32 PM ET

    Kumar Palghat, Managing Director of Kapstream Capital tells CNBC why corporate debts are a good bet right now.

  • Expectations from China's Third Plenum     Monday, 14 Oct 2013 | 6:45 PM ET

    Jing Ulrich, MD & Vice Chairman of Asia Pacific at JPMorgan Chase says China's leadership is likely to announce reform measures at its upcoming Third Plenum in November.

  • Fidelity dumps U.S. debt     Wednesday, 9 Oct 2013 | 4:02 PM ET

    CNBC's Steve Liesman says Fidelity has gotten rid of all its U.S. debt due in late October and early November.

  • You have to have a lot of confidence in what you are doing and believe in your analysis over the long term, said Marc Lasry, Avenue Capital chairman & CEO, discussing the difficulty in going against market sentiment and buying distressed assets during the financial crisis.

  • Delivering alpha on distressed debt     Friday, 13 Sep 2013 | 7:19 AM ET

    Marc Lasry, Avenue Capital chairman & CEO, explains how his company managed to make billions of dollars for investors through the financial crisis.

  • Verizon prices record $49 billion bond sale Wednesday, 11 Sep 2013 | 2:05 PM ET

    Verizon Communications priced a massive bond sale on Wednesday, offering $49 billion worth of debt.

  • Will Fed tapering affect corporate debt?     Tuesday, 10 Sep 2013 | 3:45 AM ET

    Apostolos Bantis, credit analyst at Commerzbank, tells CNBC that tapering will cause some supply risk but will affect emerging market corporate debt more than western markets.

  • How to Trade EM Corporate Debt     Friday, 12 Jul 2013 | 11:30 AM ET

    Apostolos Bantis, credit analyst at Commerzbank, comments on the emerging markets corporate debt correction, and says valuations are still appealing.