Oct. 27 (Bloomberg) — Carl Icahn , who says he’s the largest bondholder of CIT Group Inc. with $2 billion of debt, is offering to limit the downside for smaller noteholders if they support him in opposing the lender’s $30 billion debt exchange.
Argentina Files Annual SEC Report As Part Of Debt Plan (Nasdaq)
BUENOS AIRES -(Dow Jones)- The Argentine government filed an annual report with the U.S. Securities and Exchange Commission Tuesday as part of a requirement to restructure billions of dollars in defaulted debt.
Icahn offers to buy outstanding CIT Group debt (AP via Yahoo! News)
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 Seeks to Block CIT Debt Swap With Retail Offer (Update1) (Bloomberg)
Oct. 27 (Bloomberg) — Carl Icahn , the billionaire investor who says he is the largest bondholder of CIT Group Inc. , is offering to limit the downside for smaller noteholders if they support him in opposing the lender’s $30 billion debt exchange.
Dubai Said to Restrict Planned Bond to Islamic Debt (Update1) (Bloomberg)
Oct. 27 (Bloomberg) — Dubai plans to limit its first international debt sale in 18 months to Islamic bonds after setting up a $6.5 billion program to sell medium-term notes, according to a banker involved in the deal.
Icahn Offers to Buy Outstanding CIT Group Debt (ABC News)
Icahn makes offer to purchase CIT Group debt if bondholders agree to reject restructuring plan
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
Icahn Announces Tender Offer for Smaller CIT Debt Holders (Bloomberg)
Oct. 27 (Bloomberg) — Carl Icahn, the billionaire investor who says he is the largest bondholder of CIT Group Inc., is offering smaller noteholders protection if they support him in opposing the lender’s debt exchange.
Nationwide’s Mortgage Bonds Help Thaw Asset-Backed Debt Market (Bloomberg)
Oct. 27 (Bloomberg) — Nationwide Building Society’s sale of bonds backed by U.K. home loans may help reopen Europe’s $3.3 trillion market for asset-backed debt, which all but shut after the credit crisis caused investors to shun hard-to-value assets.
Fund Manager Pellegrini Says Shorting U.S Debt ‘Attractive Bet’ (Bloomberg)
Oct. 27 (Bloomberg) — Paolo Pellegrini , the former Paulson & Co. hedge-fund manager who helped make more than $3 billion with bets on a U.S. housing crash, said shorting long-term U.S. debt is the “only attractive bet” for investment.
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