The Co-operative Group plans to raise £1bn for its banking subsidiary, Co-op Bank, by asking the bank's existing bondholders to exchange subordinated debt for new equity in the bank or senior debt in the group. The shares will then be listed on the …
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Alliance Boots GmbH (AB/), the pharmacy company that loaded up on debt in a 11.1 billion pound ($17.4 billion) leveraged buyout before the credit crisis, is now seeking success by cutting borrowing as it expands globally. Six years after KKR & Co. and …
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| The debt collecting firm featured in the Channel Four hit series "The Repo Man" has been stripped of its credit licence by the Office of Fair Trading "in order to protect consumers". This is the first time that the OFT has exercised new powers, which … See all stories on this topic » |
Telegraph.co.uk |
Yet there has been a steady decline in need-based financial aid, making it harder for middle-class students — and especially low-income, first generation and other deserving but disadvantaged students — to afford college without accruing huge debt …
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The reason is simple: Rather than wait for several years, say 20 or 30 years, to accumulate enough funds to undertake certain projects, governments, specially in the developing world, borrow, hoping and planning to be able to repay and service the debt …
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Khartoum — The Sudanese government today announced that the size of its foreign debt rose to a record $42 billion by the end of 2012 and blamed it on accumulation of interest arrears. Yahiya Hussein Babiker, a member of Sudan's negotiating team with …
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| Earlier Monday, financial advisory firm KordaMentha said MediaWorks had been placed in receivership by its primary debt holders and it was in talks to transfer the businesses to a new ownership model. Receivership is similar to U.S. Chapter 7 … See all stories on this topic » |
Wall Street Journal (blog) |
| The rapid exit of foreign investors from the debt markets has sent the rupee reeling. Foreign institutional investors (FIIs) sold a net $3.78 billion of Indian debt from 22 May till 14 June. It now remains to be seen whether the bond sell-off will be … See all stories on this topic » |
Livemint |
Chief executives of fund management companies have a bullish outlook for their businesses, despite flat economic growth and the constant background noise of the eurozone debt crisis and increasing regulation, according to the annual Financial News CEO …
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Over the last one year, average return generated by gilt funds stood at 13.3 per cent and that for income funds was 12.1 per cent, with schemes of various fund houses generating returns in excess of 15 per cent. Therefore, for an investor who has …
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