Geo Group Inc., an operator of mental-health facilities and prisons, and Solutia Inc. are marketing notes this week as high-yield, high-risk companies take advantage of open credit markets to refinance debt.
Sun TV Network Ltd. and SpiceJet Ltd. , companies controlled by the Maran family, plunged on report India’s federal investigator is probing an investment by Malaysia’s Maxis Group into a business run by the Marans.
BlueMountain Capital Management LLC and Saba Capital Management LP are leading investors into the debt market’s darker corners to boost returns, buying securities from collateralized loan obligations to bonds that seldom trade.
Michael Buchanan knew exactly what to do as markets were rocked in recent weeks on concern turmoil in developing nations from Argentina to China and Turkey would cause the global economic recovery to derail: buy junk bonds.
Bank of America Corp. and Citigroup Inc. are among firms planning to repay rather than roll over their share of $231 billion raised under a U.S. loan program meant to help the economy as the business slowdown crimps demand for credit.
Goldman Sachs Group Inc. mistakenly added about $1.5 million of interest costs to a Ford Motor Co. bond sale last week by using the wrong Treasury note as a benchmark for the security, according to two people with knowledge of the transaction.