Bond investors are readying for a slew of South Korean deals as companies from Asia’s fourth- biggest economy face the most maturing dollar notes since 1999.
The following is the summary text of the Federal Reserve Board’s Summary of Commentary.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
The U.S. junk-loan market has never fueled so much dealmaking.
U.S. Bancorp, the nation’s biggest regional lender, posted a first-quarter profit that matched analysts’ estimates as mortgage-banking revenue declined.
State Grid Corp. of China, the nation’s largest power distributor, is considering a dollar- denominated bond offering following sales from other government- backed giants.
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.
French plans to boost lending to small businesses by helping banks free up their balance sheets started today with the creation of 2.7 billion euros ($3.8 billion) of securities backed by loans.
Junk-rated companies in Europe risk damaging their credit quality as demand for leveraged loans and high-yield bonds outstrips supply, allowing greater borrowing with fewer lender protections, according to Standard & Poor’s.
Asian borrowers sold the most dollar-denominated bonds since January this week as U.S. demand for the region’s sovereign debt boosted issuance.
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