Bond Issue News
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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.
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Updated 56 minutes ago
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.
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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.
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Updated 1 hour, 24 minutes ago
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.
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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.
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Petroleo Brasileiro SA sold $11 billion of bonds abroad today, the most ever for an emerging- market issuer, as it seeks to develop the biggest offshore oil find in the Americas in more than 30 years.
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African Bank Investments Ltd., the largest provider of unsecured loans in South Africa, is still considering the dollar bond issue it delayed earlier this year, said Executive Director Tami Sokutu.
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Nat Rothschild, dressed in a hooded sweater, jeans and hiking boots, perches on a cowhide sofa in his relatively modest chalet-style apartment in the Swiss ski resort of Klosters.
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Cnooc Ltd., China’s biggest offshore energy explorer, is considering a sale of dollar-denominated bonds, five people familiar with the matter said.
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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.
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