Debt Management News Archive

10-Feb-2009

 

  • Harley-Davidson roars after Buffett buys US$300M debt (National Post)
    Billionaire investor Warren Buffett?s Berkshire Hathaway Inc. agreed to buy US$300-million of debt from Harley-Davidson Inc., the biggest U.S. motorcycle maker, adding to holdings of corporate debt as yields rise.


  • BES planning 3.5 bln euros of debt issues in 2009 (The Forex Market)
    CASTELO BRANCO, Portugal, Feb 10 (Reuters) - Banco Espirito Santo, Portugal's second largest listed bank, plans to issue 3.5 billion euros of debt without state guarantees in 2009, CFO Amílcar Morais Pires said on Tuesday.


  • Schaeffler Is Said to Consider Debt-for-Equity Swap (Update1) (Bloomberg)
    Feb. 10 (Bloomberg) -- Schaeffler Group, the bearings maker strained by 11 billion euros ($14 billion) in debt from buying Continental AG , may consider a debt-for-equity swap if it fails to get German government aid or other fresh capital, people close to the talks said.


  • Schaeffler Said to Consider Debt-For-Equity Swap With Lenders (Bloomberg)
    Feb. 10 (Bloomberg) -- Schaeffler Group, the bearings maker strained by 11 billion euros ($14 billion) in debt from buying Continental AG , may consider a debt-for-equity swap if it fails to get German government aid, people close to the talks said.


  • Searching for Debt Consolidation (Contacto)
    America is under a deep recession and many people are using Internet to get information about topics related to their specific problems. One of the top keyphrases in search engines like Google, Yahoo, MSN, and AOL is debt consolidation.


  • China National Building May Sell Assets to Cut Debt (Update2) (Bloomberg)
    Feb. 10 (Bloomberg) -- China National Building Material Co. , the country?s second-biggest cement maker, may sell assets to reduce a record amount of debt, said President Cao Jianglin .


  • China National Building May Sell Assets to Cut Debt (Update1) (Bloomberg)
    Feb. 10 (Bloomberg) -- China National Building Material Co. , the country?s second-biggest cement maker, may sell assets to reduce a record amount of debt that is creating an overhang on the stock, said President Cao Jianglin .


  • Rusal to Agree Debt Deal With Lenders Within 2 Months (Update1) (Bloomberg)
    Feb. 10 (Bloomberg) -- United Co. Rusal, Russia?s biggest aluminum producer, aims to agree on restructuring its debt with lenders in the next two months and called on competitors to curb output to shrink record inventories and halt a slump in prices.


  • Nigeria: Country's External Debt Now $3.5 Billion (AllAfrica.com)
    Lagos ? The Debt Management Office (DMO) on Sunday in Abuja said the nation's external debt profile now stands at 3.5 billion US dollars, down from the 38 billion dollars owed creditors before 2006.


  • UBS announces $6.9 billion quarterly loss (International Herald Tribune)
    UBS said Tuesday it lost 8.1 billion Swiss francs in the fourth quarter as it continued to write down the value of some debt assets and wealth management clients withdrew funds.



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