Posts Tagged ‘financing’
A Busy Week, but Little Top-Tier Data, as Markets Wind Down for US Thanksgiving
This week is relatively light of top-tier data, with the calendar instead dominated by US government supply and the upcoming Thanksgiving break. The US Treasury is scheduled to auction $118bn of Treasury notes as it continues to grapple with the financing requirement of a massive Federal deficit. The week sees…
Both sides called trading halt as Reit row escalates
THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more
Temasek taps bonds for funds
TEMASEK Holdings is capitalising on buoyant financial markets to sell bonds that will raise hundreds of millions of dollars for its activities.
The 10-year bond issue – marking only the second time the company has tapped the bond markets for financing – comes after a difficult year in global equity markets for the investment firm.
Temasek unit Temasek Financial, which will issue the notes, said ye… more
Breath of fresh air in home loans market
CREDIT conditions have eased markedly in the competitive home loans market, thanks to improved confidence and liquidity in the property sector. Banks have slashed the spreads they charge on Sibor-pegged loans, and mortgage brokers report the renewed availability of 80 and 90 per cent financing for property.
This is in sharp contrast to the backdrop that prevailed in the first quarter when amid glo… more
CarMax renews, lowers warehouse facility (AP)
AP – Automotive retailer CarMax Inc. said Friday that it has renewed its borrowing facility and lowered the limit for its financing arm by $200 million.
CIT warns about bankruptcy, sees loss of $1.5 billion (Reuters)
Reuters – CIT Group Inc warned on Tuesday it could still file for bankruptcy if a cash tender offer for its outstanding notes fails, one day after securing $3 billion in emergency financing from its bondholders.
CIT Group on cusp of $3 billion rescue (Reuters)
Reuters – CIT Group Inc has clinched a deal for $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, and the pact may be announced Monday, a person close to the matter said.
CIT clinches deal to stave off bankruptcy: source (Reuters)
Reuters – CIT Group Inc’s board signed off on a deal late Sunday for $3 billion in rescue financing from a group of bondholders, in a plan the lender hopes will stave off bankruptcy, a source close to the situation said.
CIT in talks with bondholders, as bankruptcy looms (Reuters)
Reuters – CIT Group Inc was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said.





