Bonds Corporate Bonds

  • PG&E crews remove power lines damaged by fire off Bille Road in Paradise, Calif., on Saturday, Nov. 10, 2018.

    S&P cut its rating on PG&E's Pacific Gas & Electric unit on Wednesday, making it the third such cut this month, after the unit missed interest payments on its 2040 senior notes.

  • NEW YORK, Jan 15- PG&E Corp bonds and shares plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes, as it planned to seek Chapter 11 bankruptcy protection. In a form filed with the U.S. Securities and Exchange Commission on Monday, PG&E announced its intention to not make the payment.

  • NEW YORK, Jan 15- The price of bonds and shares in PG&E Corp plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes. In a form filed with the SEC on Monday, PG&E announced its intention to not make the payment. In response to a request for comment, the company cited the SEC filing, which also noted...

  • Why this investor prefers corporate over government bonds

    Pierre Chartres of M&G Investments says developed government bonds seem "pricey," while the bad news has already been priced into corporate bond markets.

  • NEW YORK, Jan 14- Bonds of PG&E Corp, owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy protection as it faces liabilities linked to wildfires in California. Nearly all of PG&E's roughly $18 billion of bonds were trading sharply lower, sending their yields, which...

  • NEW YORK, Jan 14- Bonds of PG&E Corp, owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy protection as it faces liabilities linked to wildfires in California. The drops were particularly large among its nearest maturities, with bonds maturing in October 2020 and...

  • Pacific Gas & Electric Co. (PG&E) workers repair a transformer in Paradise, California, on Thursday, Nov. 15, 2018.

    S&P Global Ratings stripped California power utility PG&E of its investment-grade credit rating and kept it under review for a further downgrade.

  • SHANGHAI, Dec 21- China's battered corporate issuers will likely face more refinancing pressure next year as a wall of 650 billion yuan in debt matures in March, when markets will once again be buffeted by a Sino-U.S. trade negotiation deadline. Regulators may give private enterprises more support as economic growth slows, analysts and investors say, but...

  • JOHANNESBURG, Dec 20- South Africa's state asset manager has quietly bought up almost 90 percent of cash-strapped arms manufacturer Denel's bonds in the past 12 months, data from the country's main securities depositary showed. The previously undisclosed funding by the Public Investment Corporation, which manages 2 trillion rand of investments for the...

  • *Italy biggest euro zone govt bond issuer in 2019. *Italy looses out from ECB bond reinvestment plans. All 19 euro zone states will have to adjust to life after ECB quantitative easing, which ends this week, but the pain is likely to be felt most acutely in Italy-- one of the biggest beneficiaries of the more than three-year long ECB bond-buying program.

  • *Worries about U.S.- China collision keep investor on edge. TOKYO, Dec 14- Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected. U.S. corporate earnings due next month could throw a spotlight on...

  • FRANKFURT, Dec 13- The European Central Bank is all but certain to formally end its lavish bond purchase scheme on Thursday but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed. But with growth slowing, budgetary tensions in France and Italy, a political deadlock over Brexit and a global trade war...

  • FRANKFURT, Dec 13- The European Central Bank is all but certain to formally end its lavish bond purchase scheme on Thursday but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed. The long-flagged end of bond buys must be irreversible for the sake of credibility, but with France and Italy in...

  • Economic slowdown may cause recession in 2020, says investor

    CNBC's "Closing Bell" team talks with Scott Minerd, global chief investment officer at Guggenheim Partners, about his prediction for a recession in 2020.

  • LONDON, Dec 12- An era of extraordinarily easy monetary policy in the euro zone is drawing to a close as the European Central Bank is set to announce formally on Thursday that its massive bond-buying scheme will be terminated at the end of this year. The ECB has spent 2.6 trillion euros over almost four years, buying up mostly government but also corporate debt,...

  • MEXICO CITY, Dec 11- Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of the highly-indebted state oil company he has pledged to revive. Fitch and Moody's have in recent weeks flagged concerns about Pemex's $106 billion of...

  • DOHA, Dec 9- Qatar's Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country's third-largest lender by assets aims to further diversify its funding sources, the bank's chief executive said. Commercial Bank has around $750 million in debt maturing next year, including bonds and loans, and plans to...

  • Dec 6- Tesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the debt, Bloomberg reported https://www.bloomberg.com/news/articles/2018-12-06/tesla-is-said-to-plan-using-s t o c k- c a s h- m i x- t o- p a y- o f f- m a r c h- d e b t on Thursday, citing a copy of the settlement notice. As of September 2018, it had an unpaid...

  • On the first weekday of Lopez Obrador's administration, the Mexico City Airport Trust said in a statement it would buy back up to $1.8 billion of $6 billion in debt issued to fund the airport in an offer that runs through the start of January. Lopez Obrador's Oct. 29 announcement that he would scrap the partly built $13 billion airport set off a slump in Mexican...

  • LONDON, Dec 3- The share of investment-grade euro corporate bonds with negative yields fell last month to its lowest level since at least June 2016, data from Tradeweb showed on Monday, as the effect of monetary stimulus fades and European economic growth slows. "Among the issues driving that is weaker growth, Italian political noise and the fact that the European...