Bonds Corporate Bonds

  • TOKYO, Sept 4- Japan's Line Corp is raising around 148.1 billion yen through convertible bonds to fund the popular chat app operator's aggressive expansion in the financial services business. Line said the payment service's transaction volume jumped 83 percent to 195 billion yen in its second quarter. Line said it has 164 million monthly active users of the...

  • TOKYO, Sept 4- Japan's Line Corp said on Tuesday it would raise about 148.1 billion yen by issuing convertible bonds maturing in 2023 and 2025 to invest in future technologies. Line said it would allocate about 100 billion yen for fintech and 48 billion yen for artificial intelligence-related investments. A portion of the bonds will be issued to South Korea-...

  • Like its stock price, Tesla bonds have given up all of the gains they made after Musk shocked investors with a tweet on Aug. 7, saying he had "funding secured" for a possible buyout deal at $420 per share. Tesla's high-yield debt trades at around 87.5 cents on the dollar, down from 93.0 cents on Aug. 7, according to Thomson Reuters data. Tesla's convertible bonds due in 2021...

  • NEW YORK, Aug 22- Investors in the debt of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize. Tesla's high-yield debt now trades at around 87.5 cents on the dollar, down from 93.0 cents on the dollar on August 7, according to Thomson Reuters data. Tesla's convertible bonds due in 2021 are trading...

  • A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. 

    A possible move by Tesla to go private could hurt the electric car maker's credit standing as cash flow remains tight, according to Moody's Investors Service. 

  • Aug 8- Puerto Rico has reached a deal with bondholders and insurers of debt issued by its bankrupt sales tax financing corporation, COFINA, the U.S. territory's governor and federal oversight board said on Wednesday. Puerto Rico has been in bankruptcy court since May 2017 trying to restructure about $120 billion of debt and pension obligations.

  • NEW YORK, Aug 7- Elon Musk's suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. Tesla shares ended the day at $379.57, within reach of their all-time high and more than 5 percent above the bonds' conversion price of $359.8676. The $2.3 billion in debt that investors can now take in...

  • Four market experts reveal how they manage their email

    Here is how financial pros, who manage hundreds of billions of dollars, organize their email.

  • LONDON, July 27- Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London- listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo American. In March 2017, Agarwal began amassing a stake in Anglo American through a three-year JPMorgan mandatory convertible bond...

  • Playful businessman aiming paper airplane at serious co-worker

    These four market experts who manage billions of dollars talk about their pet peeves in the office.

  • Elon Musk, chairman and chief executive officer of Tesla Motors Inc.

    The amount investors must pay to insure their debt holdings in Tesla against declining credit quality rose to its second-highest price ever.

  • SAO PAULO, July 20- A unit of Brazilian engineering group Andrade Gutierrez, among the companies targeted by Brazil's widest ever corruption probe, has proposed a restructuring of $344.7 million in bonds, the company said on Friday. Andrade Gutierrez offered on Thursday to exchange unpaid bonds due last April for new bonds due on 2021, it said in a statement.

  • SHANGHAI, July 18- China's central bank plans to introduce incentives that will boost the liquidity of commercial banks, helping them to expand lending and increase investment in bonds issued by corporates and other entities, a source with direct knowledge of the matter said on Wednesday. The People's Bank of China, the country's central bank, could not be...

  • OSLO, July 2- Offshore drilling rig contractor Seadrill said on Monday it had successfully completed its reorganization, emerging from a U.S. To reduce its debts, the company pushed forward maturities of $5.7 billion bank loans, equitised about $2.4 billion in unsecured bonds and $1 billion in obligations for newly built rigs. It also raised more than $1 billion...

  • LONDON, June 26- Credit markets lead equities, or so the maxim goes. If true, stock markets are in for a bumpy ride for the rest of the year. Rising rates and bond yields, plus widening credit spreads, have pushed the U.S. investment grade index down to $100 in price, the first time it has traded at par since 2009..

  • LONDON, June 26- Credit markets lead equities, or so the maxim goes. If true, stock markets are in for a bumpy ride for the rest of the year. Rising rates and bond yields, plus widening credit spreads, have pushed the U.S. investment grade index down to $100 in price, the first time it has traded at par since 2009..

  • A worker talks on a phone as he stands in front of a wall with removed Flipkart logo outside the company's former office in Bengaluru, India May 9, 2018.

    Bonds issued by Walmart to fund its acquisition of Indian e-commerce company Flipkart contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed, the Financial Times reports.

  • Treasury yields on Wednesday rebounded from sharp falls in the previous session, as expectations of further U.S. interest rate increases diverted the market's attention from Washington's trade conflict with China. "The Treasury market is caught between the dichotomy of heavy corporate bond supply and Washington imposing new trade tariffs on China," said...

  • Treasury yields on Wednesday rebounded from sharp falls in the previous session, as expectations of further U.S. interest rate increases diverted the market's attention from Washington's trade conflict with China. "The Treasury market is caught between the dichotomy of heavy corporate bond supply and Washington imposing new trade tariffs on China," said...

  • BEIJING, June 15- Having reduced the amount of reserves that lenders must hold just two months ago, China's central bank could soon do it again to support a slowing economy and contain risks posed by corporate debt defaults, policy sources said. "There is room for cutting RRR in the next 1-2 months as China's economy faces downward pressure and also uncertainties...