Hynix Semiconductor Inc., the world’s second-largest maker of computer-memory chips, plans to repay more than 1 trillion won ($888 million) in debt this year as a shortage in the industry may help the company post its biggest profit in four years.
Debt Repayment Plan Sparks Fiery Debate In Iceland (NPR)
Last week, Iceland’s president refused to sign a controversial bill to repay a $5 billion debt to Britain and the Netherlands, incurred when three Icelandic banks went belly up in October 2008. Now, the public may get to vote in a referendum.
IFC says plans to issue rupiah debt in Indonesian market (Reuters via Yahoo! Asia News)
JAKARTA, Oct 15 (Reuters) – The International Finance Corp on Thursday said it plans to sell long-dated local currency bonds in the Indonesian debt market to fund its investments in Southeast Asia’s biggest economy, a move which may help develop the market.
Pimco’s Gross Boosts Government Debt, Cuts Mortgage Holdings (Bloomberg)
Oct. 15 (Bloomberg) — Bill Gross , who runs the world’s biggest bond fund at Pacific Investment Management Co. , increased holdings of government debt last month and cut mortgage bonds to the lowest level in more than four years.
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