Archive for September, 2009
Alcatel issues ?750m bond to refinance debt (Business Times (Malaysia))
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PARIS: Telecommunication equipment supplier Alcatel-Lucent launched a e750 million (e1 = RM5.03) convertible bond yesterday, mainly to help refinance the groups debt.
MELTDOWN FLASHBACK: Sunday, Sept. 7, 2008 (San Francisco Chronicle)
The U.S. government takes over mortgage giants Fannie Mae and Freddie Mac, ousts their chief executives and commits $100 billion to each in an extraordinary intervention aimed at reversing the housing slump that started in summer of 2006. The move is seen as… Sponsored Topics: Fannie Mae – Freddie Mac – Business – Mortgage – Federal government of the United States
MELTDOWN FLASHBACK: Sunday, Sept. 7, 2008 (The Daily Reflector)
The move is seen as a necessary step to fix the nation’s housing mess and prevent a mild recession from becoming much worse. The bailout is expected to drive down mortgage rates and make it possible for more people to buy homes or refinance loans.
MELTDOWN FLASHBACK: Sunday, Sept. 7, 2008 (AP via Yahoo! News)
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The U.S. government takes over mortgage giants Fannie Mae and Freddie Mac, ousts their chief executives and commits $100 billion to each in an extraordinary intervention aimed at reversing the housing slump that started in summer of 2006.
MELTDOWN FLASHBACK: Sunday, Sept. 7, 2008 (San Francisco Chronicle)
The U.S. government takes over mortgage giants Fannie Mae and Freddie Mac, ousts their chief executives and commits $100 billion to each in an extraordinary intervention aimed at reversing the housing slump that started in summer of 2006. The move is seen as… Sponsored Topics: Fannie Mae – Freddie Mac – Business – Mortgage – Federal government of the United States
VimpelCom Says It Gets 10 Billion-Ruble Loan From Sberbank (Bloomberg)
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Sept. 4 (Bloomberg) — OAO VimpelCom got a 10 billion-ruble loan from OAO Sberbank, which it intends to use to refinance its existing debt and develop its core business. The loan has an interest rate of 15 percent a year and is to be repaid in two equal installments in Aug. 2012 and April 2013.
District 158 looks to refinance (Northwest Herald)
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HUNTLEY District 158 school board members discussed Thursday ways they potentially could restructure bonds used for a recent school expansion.
VimpelCom Says It Gets 10 Billion-Ruble Loan From Sberbank (Bloomberg)
Sept. 4 (Bloomberg) — OAO VimpelCom got a 10 billion-ruble loan from OAO Sberbank, which it intends to use to refinance its existing debt and develop its core business. The loan has an interest rate of 15 percent a year and is to be repaid in two equal installments in Aug. 2012 and April 2013.
Accuride gets more time from some creditors to refinance debt (The Gleaner)
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Struggling Accuride Corp. said it has been given more time by some creditors to refinance its debt.
Sberbank lends Vimpelcom 10 bln rbls (Reuters via Yahoo! Asia News)
MOSCOW, Sept 4 (Reuters) – Russia’s second-largest mobile operator Vimpelcom borrowed 10 billion roubles ($314.9 million) from Sberbank to refinance its debt and develop core business, Vimpelcom said on Friday.
Alcatel-Lucent to Sell EU750 Million of Convertible Bonds (Bloomberg)
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Sept. 2 (Bloomberg) — Alcatel-Lucent SA said in a statement on Hugin that it will sell 750 million euros of convertible bonds to refinance debt. The sale can be increased to 862.5 million euros.
Confusion Roils HARP Program for Refinancing (WallStreet Journal via Yahoo! Finance)
With HARP, the Obama administration said millions of borrowers could refinance. But helping those with little or no equity has turned out to be more difficult than expected.
Alcatel issues ?750m bond to refinance debt (Business Times (Malaysia))
PARIS: Telecommunication equipment supplier Alcatel-Lucent launched a e750 million (e1 = RM5.03) convertible bond yesterday, mainly to help refinance the groups debt.