Aug. 25 (Bloomberg) — Pennsylvania auctioned the week’s largest issue of long-term tax-exempt bonds today, a $690 million deal to refinance some of the general obligation debt the state issued from 2000 through 2008.
Unisys Completes Debt Exchanges (Zacks.com via Yahoo! Finance)
Unisys reduced its debt outstanding by approximately $130 million and thereby reduced 2010 debt maturities to $65 million.
Emerging-Market Debt Trading Tumbles 19 Percent, EMTA Says (Bloomberg)
Aug. 25 (Bloomberg) — Emerging-market debt trading sank 19 percent in the second quarter from last year, EMTA said in a report. Trading in developing-nation bonds fell to $985 billion from $1.218 trillion in the second quarter of 2008, a survey by the New York-based association showed.
Keeping Students Out of Credit-Card Debt (Time Magazine)
The second part of the new credit-card law is aimed at helping college kids and other younger folks stay out of debt.
White House projects bigger deficits, bigger debt (AP via Yahoo! News)
The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.
XE.com – DIARY – Day ahead in the FX and debt markets
Breaking forex and currency news including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders.
Developers seek cash for debt (The Australian)
FKP Property Group has moved to raise about $300 million – almost half the money needed to repay debts in the next two months.
Acting too soon on UK debt could kill recovery (Reuters via Yahoo! UK & Ireland News)
Markets are looking to the next government for tough action on the public finances, but pruning the record debt too sharply could strangle the green shoots of recovery, analysts say.
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