Debt Management News Archive

30-Apr-2009

 

  • Holdouts Jeopardize Debt Plan for Chrysler (New York Times)
    The Obama administration is prepared to force Chrysler into bankruptcy by the end of the week unless it gets unanimous consent from a group of banks and hedge funds to retire the automaker?s debt, The New York Times?s Bill Vlasic reported.


  • Maytas board approves corporate debt restructuring package (Calcutta News)
    The board of cash-strapped Maytas Infra, promoted by disgraced founder of Satyam Computer Services B. Ramalinga Raju and his family, Wednesday approved a draft corporate debt restructuring (CDR) package and recast the management by appointing two presidents.


  • Chrysler debt offer raised, holdouts targeted (Reuters via Yahoo! News)
    The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.


  • Gross Says Fed ?Saving Ammunition,? to Buy More Debt (Update2) (Bloomberg)
    April 29 (Bloomberg) -- Bill Gross , who run the world?s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve is ?saving ammunition? by refraining from increasing purchases of Treasuries and mortgage securities at today?s policy meeting.


  • Chrysler Debt Talks Fail, Bankruptcy Looms (CBS News)
    Talks between Chrysler LLC's lenders and the Treasury Department to reduce the automaker's $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks says.


  • Chrysler Debt Talks Fail, Bankruptcy Looms (CBS 13 Sacramento)
    Talks between Chrysler LLC's lenders and the Treasury Department to reduce the automaker's $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.


  • Treasuries Drop as Fed Leaves U.S. Debt Buyback Plan Unchanged (Bloomberg)
    April 29 (Bloomberg) -- Treasuries fell, pushing 10-year note yields to a five-month high, after Federal Reserve officials left unchanged the size of the central bank?s buyback program for U.S. government debt and said the economy is showing signs of stability.


  • Gross Raises U.S. Debt Holdings to Highest Since 2007 (Update3) (Bloomberg)
    April 13 (Bloomberg) -- Bill Gross , manager of Pacific Investment Management Co.?s $144 billion Total Return Fund , increased his holdings of U.S. government debt to 28 percent in March, the highest percentage in almost two years.



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