Ineos Group Holdings SA, a chemical maker, set the rate it may pay on a $1 billion loan to refinance bonds due in 2015. Casino operator Peninsula Gaming LLC is seeking to reduce the rate on an $823 million term loan.
State Street Global Advisors, the world’s second-largest asset manager, dropped its Russia “overweight” rating as Swiss manager LGT Capital Partners said the country was only good for an occasional “casino” bet.
Charter Communications Inc. cut the rate it will pay on its term loan, while Crown Castle International Corp. is seeking to refinance borrowings. Bank of Japan’s easing measures will be supportive of collateralized loan obligation issuance, Morgan Stanley said.
Pacific Investment Management Co.’s 13-month-old exchange-traded fund is attracting more cash than the firm’s flagship Total Return mutual fund as investors join Bill Gross in preferring ETFs for bond investing.
Aabar Investments PJSC, a unit of Abu Dhabi’s International Petroleum Investment Co., signed a $2.5 billion loan to refinance a deal maturing next month as Blackstone Group LP teamed with State Street Corp. to form an exchange-traded fund for purchasing speculative-grade loans.