Posted on February 7, 2011 by
The distressed debt market is set to grow as writedowns in the value of EMI Group Ltd. and Yell Group Plc loans signal struggling companies can’t always rely on banks to keep them afloat.
Continue ReadingPosted on January 18, 2010 by
Jan. 18 — The cost to borrow in the corporate bond market is rising for the first time since November as Barclays Plc, Lloyds Banking Group Plc and more than a dozen other European banks sell record amounts of fixed-income securities to refinance $2 trillion of debt due this year.
Continue ReadingPosted on October 26, 2009 by
In the latest sign CIT Group Inc.
Continue ReadingPosted on October 18, 2009 by
Oct.
Continue ReadingPosted on October 13, 2009 by
CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.
Continue ReadingPosted on July 19, 2009 by
PROPERTY developer Liam Carroll may sell assets including his stakes in Greencore Group and Irish Continental Group to help refinance more than €1bn in debt, the Sunday Business Post reported yesterday, without citing its source.
Continue ReadingPosted on April 24, 2009 by
April 24 — M&G Group Plc’s Leopard CLO III BV fund, which invests in high-risk, high-yield loans, bought back some of its senior debt at a discount, according to a statement from Moody’s Investors Service.
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