Chinese property developers with the option to repurchase dollar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co.
The following redemption, via the company's call option, is effective today:
China is succeeding in making its currency less predictable. Investors are paying the price.
A number of recent IPOs have traded significantly above their offering prices. In the past week alone, five of the 12 new issues have risen at least 20 percent.
Billionaire Steven A. Cohen, who leads SAC Capital Advisors LP, increased his stake in casual video-game publisher Zynga Inc. to 5.3 percent.
Gabriel Plotkin, one of SAC Capital Advisors LP’s top money managers, plans to leave by the end of the year to start his own hedge-fund firm with the backing of his boss, billionaire Steven A. Cohen.
Russia’s incursion into Ukraine has led to record options trading in a security that tracks corn, reflecting concern that supplies from the third-largest exporter will be disrupted if tensions escalate.
The following issue is being redeemed via the company's call option:
Denmark’s government has clarified its definition of what constitutes a failed mortgage bond auction after lawmakers and industry representatives said a bill due to be passed tomorrow lacked details.
Barnes & Noble Inc., the struggling bookseller, received a proposal from G Asset Management LLC to acquire 51 percent of the company at $22 a share, valuing the total business at $1.32 billion.