Bonds Corporate Bonds

  • Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...

  • Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...

  • NEW YORK, Nov 13- U.S. corporate bonds are by far the most dangerous part of the bond market and more than half of triple-B-rated debt would have a below-investment-grade rating based on leverage alone, Jeffrey Gundlach, chief executive officer of DoubleLine Capital, warned on an investor webcast on Tuesday. In recent weeks, corporate bond funds have been posting...

  • CORPORATE BONDS, JUNK DEBT' DANGEROUS' SHOULD A RECESSION EVER ARRIVE- WEBCAST.

  • NEW YORK, Nov 12- General Electric Co will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. Last month, GE posted a quarterly loss of $22.8 billion, cut its annual dividend to just 4 cents a share and told investors it was...

  • NEW YORK, Nov 12- General Electric Co will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. Last month, GE posted a quarterly loss of $22.8 billion, cut its annual dividend to just 4 cents a share and told investors it was...

  • BOSTON, Nov 8- Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy. Global money managers generated nearly $6 billion in revenue during the first half of the year, loaning out stocks and bonds...

  • OSLO, Nov 6- Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130- 140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday. The proposal includes issuing about $90 million in new loan capital, paying $580 million to settle outstanding secured debt, and converting bond...

  • BEIJING, Nov 6- Pakistan needs to seek a bailout from the International Monetary Fund and make "hard decisions" to avoid going back again, said Muhammad Aurangzeb, chief executive officer of Habib Bank Ltd, the country's biggest lender. The bank is also urging Pakistan to tap China's nascent "panda bond" market, which enables oversees issuers to raise...

  • HONG KONG, Oct 31- China Evergrande Group said on Wednesday it sold $1.8 billion in senior notes with coupons as high as 13.75 percent. The debt-laden property developer said in a filing the amount of the two-year, four-year and five-year dollar bonds was $565 million, $645 million and $590 million, respectively. Hui and his wholly owned company- Xin Xin Ltd- each...

  • CARACAS, Oct 30- Investors have started to receive payment of interest and principal on Venezuelan state oil company PDVSA's 2020 bond, two bondholders said on Tuesday.

  • Netflix Chief Executive Reed Hastings has been explicit about the Los Gatos, California- based company's plan to fund content acquisition by raising debt. The move was very well telegraphed by Netflix, said John McClain, portfolio manager at Diamond Hill Capital, which is long in the debt, adding the debt raise "makes sense to us." Netflix in April sold $1.6 billion...

  • Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India.

    Uber is preparing for an IPO that media reports have noted could value it at more than $100 billion.

  • NEW YORK, Oct 15- In March, noted short-seller Andrew Left took a swipe at Netflix Inc's stock, calling the online video company's aggressive spending on content acquisition "unsustainable." Bearish bets against the company's $8.4 billion of junk-rated bonds have more than tripled this year to an all-time high of $347 million, according to data from Samuel...

  • *Monthly corp debt reinvestments to average 469 mln euros. LONDON, Oct 11- Euro zone corporate debt will be hit harder and faster than government bonds by the withdrawal of massive European Central Bank support, which means companies will see funding costs rise and investors will need to scrutinize borrowers more carefully. Corporate borrowing costs relative...

  • 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.