Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
Investors who bought into Sony Corp.’s convertible bond issue last year may reap profits of as much as $1.7 billion, after the shares surged to more than double the price at which the debt can be redeemed for equity.
Thomas Cook Group Plc, the 172-year- old tour operator that required an emergency loan 18 months ago, plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
Joplin, Missouri, where 161 people were killed in the deadliest single U.S. tornado in almost 60 years, is joining hurricane-ravaged East Coast towns borrowing to rebuild while municipal yields are near generational lows.
Yuksel Insaat AS, the Turkish builder with the nation’s highest-yielding dollar-denominated bonds, is considering restructuring its debt, according to Suleyman Sazak, an owner and company board member.
Malaysian Prime Minister Najib Razak is facing calls before a weekend election to justify a $3 billion bond placement by the sovereign-wealth fund he leads, with opponents saying the deal was unnecessary and mispriced.