Hynix Plans to Repay More Than 1 Trillion Won in Debt (Update1) (BusinessWeek)

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.

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

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.