Debt Management News Archive

30-Jan-2009

 

  • Fund manager Henderson swoops on rival New Star Asset Management (Daily Telegraph)
    Henderson Global Investors offers to buy struggling rival New Star Asset Management for £115m in shares and cash.


  • Pimco's Gross says aid needed for municipal, real estate debt (Market Watch)
    The government needs to prop up other sectors of the credit markets such as commercial mortgage-backed securities and municipal debt, said Bill Gross, chief investment officer of bond giant Pacific Investment Management Co., on Thursday.


  • Xstrata raising US5.9B to pay some debt (National Post)
    Mining group Xstrata Plc plans to raise about US$5.9-billion by issuing new shares to pay off some of a heavy debt burden that had worried investors.


  • Plenty of work in debt collection (Independent Online)
    As every organisation needs to collect monies that are due for services rendered or products sold, there is plenty of work available and career paths to be followed in the debt recovery field.


  • Danareksa plans Indonesia's first mortgage debt (Reuters via Yahoo! Malaysia News)
    JAKARTA, Jan 30 (Reuters) - Indonesia's PT Danareksa Investment Management aims to launch 100 billion rupiah ($8.84 million) worth of mortgage-backed securities in February, the first such debt in the country, its chief said on Friday.


  • UPDATE 1-Russia no longer holds U.S. agency debt-c.bank (The Forex Market)
    MOSCOW, Jan 30 (Reuters) - Russia has fully exited its holding of U.S. mortgage agency debt, central bank chairman Sergei Ignatyev said on Friday. Russia had held the debt as part of its gold and forex reserves, the world's third largest.


  • Debt-laden consumers fall for siren call of more loans (Guardian Unlimited)
    A surge in calls to debt advice charities is fuelling concern that thousands of families will be encouraged to take on more debt as a way through the recession. The Consumer Credit Counselling Service said it was experiencing record levels of calls since it reopened after the Christmas break from families and older people who were finding a combination of rising fuel bills and ...


  • (AFX UK Focus) 2009-01-30 10:39 Danareksa plans Indonesia's first mortgage debt (Interactive Investor)
    JAKARTA, Jan 30 (Reuters) - Indonesia's PT Danareksa Investment Management aims to launch 100 billion rupiah ($8.84 million) worth of mortgage-backed securities in February, the first such debt in the country, its chief said on Friday. The debt, backed by receivables from loans extended by state-owned home lender PT Bank Tabungan Negara, will be launched on Feb. 3, carrying 13 percent coupon ...


  • Xstrata Plans to Raise 4.1 Billion Pounds to Cut Debt (Update5) (Bloomberg)
    Jan. 29 (Bloomberg) -- Xstrata Plc plans to raise 4.1 billion pounds ($5.9 billion) in a two-for-one rights offer to pay down debt and buy Colombian coal assets from Glencore International AG, its largest shareholder.


  • Russia no longer holds U.S. agency debt-c.bank (The Forex Market)
    MOSCOW, Jan 30 (Reuters) - Russia has fully exited its holding of U.S. mortgage agency debt, central bank chairman Sergei Ignatyev said on Friday. As of Nov. 1 Russia held Fannie Mae and Freddie Mac bonds worth $20.9 billion, down from from $65.6 billion at the beginning of 2008.



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