Franklin Resources Inc.’s biggest funds purchased Ukrainian bonds in the fourth quarter, adding to holdings that made the asset manager the country’s largest debtholder before growing violence spurred unprecedented losses.
OSX Brasil SA, the shipbuilder founded by former billionaire Eike Batista, is surging to a six- month high in the bond market after its sister company and biggest client moved closer to emerging from bankruptcy.
Yields on Mexico’s dollar- denominated century bonds are soaring to a record relative to securities due in 30 years on concern the Federal Reserve’s efforts to shore up the U.S. economy will spark inflation.
Argentine dollar bonds tumbled the most in emerging markets on concern government measures from devaluation to rate increases aren’t enough to improve the country’s deteriorating debt payment capacity.
As creditors led by Pacific Investment Management Co. try to salvage what is left of their stake in Eike Batista’s oil ambitions, the specter of ATP Oil & Gas Corp.’s demise underscores how much more they stand to lose.
Argentina’s attempts to repair its standing internationally show the nation wants to tap overseas bond markets for the first time since a $95 billion default in 2001, according to former central bank governor Mario Blejer.
Vale SA’s perceived creditworthiness versus its competitors is sinking to the lowest since the financial crisis as swaps traders treat the mining company’s debt as junk on Brazil’s deteriorating finances.