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Bloomberg
Matahari Said to Seek 3.5 Trillion Rupiah Refinancing Loan - Bloomberg
s acquisition of the company, said three people familiar with the matter. The borrower has requested banks come back to it with their proposals on the facility's structure and rates, the people said, asking not to be identified as details are private.
Busan Bank Said to Market Bond With Spread of 355 Basis Points - Bloomberg
Busan Bank is marketing its five-year dollar bond to yield 355 basis points more than similar-maturity Treasuries, a person familiar with the matter said. The lender hired Citigroup Inc., Credit Agricole SA (ACA) and UBS AG to manage the sale, ...
Indian Oil Said to Offer Naphtha for February From Dahej, Kandla - Bloomberg
(IOCL), the nation's largest refiner, offered a total of 65000 metric tons of naphtha for February loading, said two traders who declined to be identified because they aren't authorized to speak to the media. Details of the offer are: ...
Korea's Busan Bank Markets First Dollar Bond Since 2009 - Bloomberg
The notes are priced to yield about 385 basis points more than similar-maturity Treasuries, two people familiar with the matter said, asking not to be identified as the details are private. Citigroup Inc., Credit Agricole SA and UBS AG are managing the ...
SEC's Owner Threshold, MF Global Hearing, Tax Plan: Compliance - Bloomberg
The person declined to be identified because the investigation isn't public. Credit Suisse won't be prosecuted, the person said. John Nester, an SEC spokesman, declined to comment yesterday on the case. Higgs, Siddiqui and Serageldin haven't worked for ...
Glencore Said to Be Near Xstrata Agreement - Bloomberg
The two Switzerland-based companies may announce a deal as early as this week, said the people, who declined to be identified because the plans are confidential. The combined company may be valued at 52 billion pounds ($82 billion) after excluding the ...
Strategic Value Partners Said to Raise $918 Million Distressed Debt Fund - Bloomberg
The Strategic Value Special Situations Fund II closed earlier this week at 53 percent above its original target of $600 million, said the people, who declined to be identified because the plans are private. The fund will focus on distressed assets in ...
MF Global Risk Chief Switch Stalled Euro Debt Cut by Six Months - Bloomberg
Investigators have located almost all of the client money, which was supposed to be kept in segregated accounts meant for futures customers, a person briefed on the matter said yesterday. The probe has traced 90 percent of the money to other customer ...
Facebook Bankers May Get Fees of 1% to 1.5% - Bloomberg
Facebook hasn't set a final fee, said the people, who declined to be named because the information is private. The Menlo Park, California-based company hired Morgan Stanley (MS) to lead its IPO and seeks to raise $5 billion, according to a regulatory ...
Gerdau Said to Seek Sale of 40% of Steelmaker's Mine Unit for $2.5 Billion - Bloomberg
Gerdau SA (GGBR4), Latin America's largest steelmaker, is seeking to sell 40 percent of its mining unit for about $2.5 billion, a person familiar with the matter said. Gerdau, based in Porto Alegre, Brazil, hired Goldman Sachs Group Inc. to handle the ...
Elon Musk's SolarCity Said to Prepare IPO - Bloomberg
The San Mateo, California-based company, which lost a US loan guarantee in the wake of Solyndra LLC's bankruptcy, may file with the US Securities and Exchange Commission as early as next month, said one of the people, who asked not to be identified ...
MF Global Investigators Said to Track Down 90% of Customers' Missing Money - Bloomberg
Investigators probing the collapse of MF Global Holdings Ltd (MFGLQ). have located almost all the client money that went missing when the broker filed for bankruptcy last year, according to a person briefed on the matter. The investigators have tracked ...
Spain Said to Plan to Buy CoCo Bonds From Banks as Part of Industry Revamp - Bloomberg
The state will buy contingent convertible bonds, or CoCos, which convert to equity when banks' capital ratio slips below a certain level, yielding 8 percent, said the person, who declined to be named because the plan hasn't been made public.
IBM, P&G Lead $10.5 Billion in Bond Sales as Yields Approach Record Lows - Bloomberg
Petrobras plans to issue $1.25 billion of three-year notes, $1.75 billion of five-year debt, $2.75 billion of securities due in 2021 and $1.25 billion of bonds maturing in 2041, according to a person familiar with the plan.
Axa Private Equity Said to Seek More Capital for Secondary Fund - Bloomberg
The firm, based in Paris, is requesting that the hard cap, or limit, on how much capital Axa Secondary Fund (PEF1129) V LP can collect be lifted to $5 billion from $4 billion, said the people, who asked not to be identified because the fund is private.
Barclays' Todd Edgar Said to Plan Start of Atreaus Macro Hedge Fund in May - Bloomberg
Edgar, 39, is opening New York-based Atreaus with former colleagues Peter Buschmann, Dmitri Shklovsky, Sinan Gumusdis and Michael Ridewood, according to the person, who asked not to be identified because the fund is private. The firm, which will focus ...
ECB Plan for Loans as Collateral Said to Be Avoided by Some Euro Members - Bloomberg
The initiative is likely to be implemented on a voluntary basis by national central banks and several of them may opt out, said the officials, who declined to be identified because the information is confidential. Germany's Bundesbank has indicated it ...
Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance - Bloomberg
... victim that had suffered and there was no reason to prosecute when the Financial Services Authority was handling the matter, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
Obama Said to Plan Assistance for Home Mortgage Refinancing - Bloomberg
Obama will ask Congress for a tax on large banks in order to help homeowners refinance into government-insured Federal Housing Administration loans, said the official, who requested anonymity in advance of the formal announcement.
Gupta, BP, JPMorgan, Cameron, Commerzbank, Morgan Stanley in Court News - Bloomberg
... to assist an informal inquiry and told them there was no actual victim in light of its reimbursement of the company's losses, according to two people familiar with the matter who asked not to be identified because they weren't authorized to speak.
Itochu, Cargill Said to Buy Naphtha From Hindustan Petroleum - Bloomberg
(HPCL), India's third-largest state refiner, according to two traders who declined to be identified because they aren't authorized to speak with the media. Details of the trades are: ----------------------------------------------------------- Product: ...
U.K. Said to Plan Cuts to Solar Subsidy at Predictable Intervals - Bloomberg
The plan will include a mechanism called a deployment trigger that automatically cuts above-market rates paid for power from solar cells once installations reach a predetermined level, said the person, who declined to be identified before the official ...
U.S. Refiners, Steelworkers Said to Reach Tentative Agreement - Bloomberg
The proposal includes pay increases of 2.5 percent in the first year and 3 percent in the second and third years, said the representatives who asked not to be named because the terms haven't yet been made public. The deal was reached today after ...
Device Makers Said to Double FDA Fees to Get Quicker Product Reviews - Bloomberg
The people who confirmed the fees asked not to be identified because they're not authorized to speak on the record. The industry has been seeking more meetings with FDA evaluators during product reviews to head off 11th-hour requests for safety data ...
Facebook Said to Hire Morgan Stanley for IPO - Bloomberg
Morgan Stanley gains the coveted lead-left position on the IPO filing, said the people, who asked not to be identified because the matter is private. That designation usually means a larger share of the fees collected by a securities firm.