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Casino operator files for chapter 11
14 years ago
Casino operator Majestic Star Casino filed for chapter 11 bankruptcy yesterday at the US bankruptcy court for the district of Delaware. -
BNP Paribas recommends holding Credit Logement's tier-one
14 years ago
BNP Paribas analyst note that Credit Logement’s €450 million tier-one floating rate note gives an attractive yield of 21.5% despite the fact that the French bank confirmed last Friday that it will not be calling the bond on 15 December 2009. -
Loan to bond financing ratio may shift, says SocGen
14 years ago
Societe Generale’s credit research today reports that the loan financing to capital market financing ratio may change. -
Canwest files for creditor protection after long battle
14 years ago
Canwest Media, the parent company to the National Post in Canada, announced today that it obtained an order for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) from the Ontario Superio Court of Justice to launch a pre-packaged financial restructuring. -
Creditflux game contenders shape up for final dice rolls
14 years ago
At least a handful of the competitors for top honours in the Creditflux trading game will be glad to have just over a week left after inconsistent single name behaviour shook up the field last week -
Long-short redemptions hit credit manager
14 years ago
London-based credit specialist BlueBay Asset Management said today that its long-short assets under management fell by 52% in the year ending June 2009 to $2.8 billion as a result of $1.5 billion of net redemptions and a $1.5 billion fall in value -
UniCredit recommends buying Lloyds' tier-one
14 years ago
UniCredit analysts recommend buying Lloyds’ 4.385% perpetual bond maturing in 2017 at 52, and selling the bank’s 7.375% perpetual bond maturing in 2012 at 80. -
Banks offload Huntsman bonds, reports Wall Street Journal
14 years ago
The Wall Street Journal reports that Credit Suisse and Deutsche Bank have sold $600 million between them of Huntsman International bonds -
Dealers make new commitments on clearing
14 years ago
According to the Federal Reserve Bank of New York, a group of 15 dealers have made new commitments today on clearing credit and other over-the-counter derivatives -
Negative basis 'free lunch' is over, says Goldman Sachs
14 years ago
In its 3 September credit strategy report, Goldman Sachs note that while going long on the CDS-bond negative basis has been profitable, normalisation in the financial markets will slow gains down. -
CDS dealers to make new clearing pledge, says Reuters
14 years ago
Reuters reports that credit derivative dealers will promise to submit 95% of eligible trades to central counterparties from the beginning of October -
CLO portfolio liquidation finds ready buyers
14 years ago
The auction of a portfolio of mezzanine CLO bonds shows the continued risk appetite in the secondary CDO market -
Analysts conflicted on how new issuance market will look
14 years ago
While the markets cool down in the summer months, credit researchers are postulating different views on how new issuance will look once activity pick up again in September. -
Buy bonds of loan-extension candidates, recommends Barcap
14 years ago
In a recent report, Barclays Capital calculates that 56 revolving loans and 24 term loans have been extended this year -
BoNY Mellon buys Lloyds' Insight Investment unit
14 years ago
BoNY Mellon buys Lloyds' Insight Investment unit -
American Axle looks to steer clear of bankruptcy
14 years ago
American Axle Manufacturing noted in its second quarter results, released yesterday, that its primary objective is to complete a restructuring outside of a bankruptcy process. -
Lloyds takes £4 billion loss after HBOS bad debt writedowns
14 years ago
Lloyds Bank today reported a first half loss of £4 billion, following impairments of £13.4 billion that were 80% accounted for by HBOS legacy assets -
BNP Paribas posts profits above expectations
14 years ago
BNP Paribas released its second quarter results today, reporting a profit of €1.6 billion, a 6.6% increase from second quarter 2008, and a 3% increase from first quarter this year. -
Bank readies new CLO repack
14 years ago
The senior notes of a 2006 CLO are in the market again, but this time in a repackaging structure arranged by a US stuctured credit underwriting team -
Station Casinos files chapter 11 amidst negotiations
14 years ago
Station Casinos and its affiliates filed for chapter 11 bankruptcy in the US bankruptcy court for the district of Nevada yesterday. -
BNP Paribas upgrades Endesa to hold from reduce
14 years ago
BNP Paribas changed its recommendation on Spanish utility company Endesa, from reduce to hold as the company reported decent resuts for first half 2009. -
Santander announces exchange offer
14 years ago
Santander offered to exchange 30 issues denominated in euro, sterling, yen, and dollar, with a nominal amount outstanding of €9.1 billion, into new tier-one and lower tier-two securities.S -
Several financials' tender offers in the works, notes BNP
14 years ago
Several financials’ exchange offers are on the back burner this month. -
American Axle secures covenant waiver
14 years ago
American Axle & Manufacturing announced yesterday that it secured a covenant waiver for its revolving credit facility. -
Italian eyewear maker obtains loan amendment
14 years ago
Italian eyewear maker Safilo announced on 2 July that it has obtained an amendment of its senior loan.
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