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Loan manager announces plan to raise new capital
16 years ago
London-based credit manager Intermediate Capital Group has announced plans to raise around £175 million ($343 million) of new equity through a rights issue -
Lloyds TSB takes losses in different parts of the capital structure
16 years ago
Lloyds TSB announced yesterday that it would take a £179 million ($273 million) hit on CDO of ABS investments in the second half of this year and would also write down the value of its SIV capital notes by £22 million to £78 million -
RBS takes £950 million subprime hit
16 years ago
Royal Bank of Scotland said today that it would take a write down of £950 million ($1.9 billion) on its subprime RMBS exposures -
Icap reports surge in credit brokerage revenues
16 years ago
Interdealer broker Icap reported that its credit brokerage revenues in the first half of 2006 were up 24% to £74.5 million ($153.3 million) compared to the same period last year -
Barcap details £1.3 billion writedowns but £1.9 billion profit YTD
16 years ago
Barclays has today announced in a trading update that its investment banking arm Barclays Capital made a pre-tax profit of £1.9 billion for the year to date after booking credit, mortgage and leveraged finance-related charges and write downs -
Sainsbury rallies as Delta seeks more funding
16 years ago
Single name credit Sainsbury tightened by around 15bp to 265/280bp this morning on news that bidding investment company Delta Two is seeking an additional £500 million of equity funding from its Qatari backers -
Permanent capital vehicle announces share offer plans
16 years ago
Prodesse Investment, a London Stock Exchange-listed permanent capital vehicle, has announced plans to issue £50 million ($100 million) of new shares -
Alliance & Leicester says it invested in restructured SIV-lite
16 years ago
UK bank Alliance & Leicester announced yesterday it had a total of £175 million ($352 million) of exposure to CDOs -
BNP Paribas recommends holding Sainsbury CDS ahead of further widening
16 years ago
In its Credit Objective research note this morning, BNP Paribas says it expects further widening of Sainsbury credit default swaps, following yesterday’s detailed proposal by Delta Two to buy the balance of shares it does not own in the supermarket at £6 a share -
Icap reports credit revenues of £124.9 million
16 years ago
Credit contributed £124.9 million of revenue to Icap's 2006 to 2007 results, the interdealer broker reported -
Traders dismiss Hanson deliverability fears
17 years ago
A flurry of activity this morning around HeidelbergCement’s agreed £7.85 billion purchase of Hanson saw -
Qantas spreads dive as buy out bid crashes
17 years ago
Airline credit Qantas gapped in a massive 110bp to 80/100bp today on news that the firm's shareholders have rejected a A$11.1 billion (£4.6 billion) takeover bid led by Macquarie Bank and TPG -
Financial Times reports on Pearl's CDO portfolio sell-off
17 years ago
The Financial Times today reports that NewSmith Capital has helped UK life insurer Pearl Group to unwind a £120 million ($240 million) portfolio of CDOs -
US debt fund performance hits EM fund manager
17 years ago
UK-listed emerging market credit specialist fund manager Ashmore reported a drop in performance fees to £8.2 million in the half year to the end of December 2006 -
Retail names widen on LBO rumours
17 years ago
Retail single name credit Sainsbury moved wider again yesterday to on reports the supermarket group could receive an £11 billion bid within a week. -
Steelmaker widens on buy-out
17 years ago
Credit default spreads on European steelmaker Corus today widened following approval of a £6.2 billion acquisition of the group by India’s Tata Steel -
Defaults plummet in 2003
20 years ago
Defaults plummet in 2003
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