Mark Howard, managing director of credit research at BNP Paribas SA, said that increased bond sales from companies in Europe’s most troubled economies is due to improved investor confidence.
Irish Nationwide Building Society, the nationalized property lender, asked a London court to dismiss a lawsuit by two subordinated bondholders who are seeking to have the lender wound up.
United Co. Rusal Chief Executive Officer Oleg Deripaska accused Michael Cherney, who is suing him for $4.3 billion, of making mysterious payments to politicians including Israel Deputy Prime Minister Avigdor Liberman.
"It is a contract that is intended to stop noteholders from saying there has been a repudiatory breach and claim damages."
- Mark Howard on Nov 19, 2010
Howard Says Bond Market Volatility Deters Investors