Billionaire investor Carl Icahn offered Tuesday to buy certain classes of debt from CIT Group Inc. bondholders as he tries to thwart a restructuring plan by the commercial lender.
Investor Icahn offers to buy CIT Group debt if bondholders agree …
Billionaire investor Carl Icahn offered Tuesday to buy bonds from CIT Group Inc.’s smaller bondholders at a discount as he tries to thwart a restructuring plan by the commercial lender.
Icahn offers to buy outstanding CIT Group debt (San Francisco Chronicle)
Billionaire investor Carl Icahn offered Tuesday to buy certain classes of debt from CIT Group Inc. bondholders as he tries to thwart a restructuring plan by the commercial lender. Icahn said in a letter he will pay those bondholders 60 cents on the dollar for… Sponsored Topics: CitGroup – CarlIcahn – Loan – Debt – Business
State’s short-term debt ratings suffer (San Francisco Chronicle)
California’s cash crisis is causing investors to back away from its short-term debt, which is increasing the state’s borrowing costs at a time it can ill afford it. In the most striking example, the tax-free yield on California’s commercial paper – which is… Sponsored Topics: Money market – Commercial paper – California – Financial Services – Business
Japanese Bonds Are Little Changed After 40-Year Debt Auction (Bloomberg)
July 7 (Bloomberg) — Japan’s bonds were little changed after an auction of 300 billion yen ($3.15 billion) in 40-year government debt today drew less demand than traders expected.
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