Additional Tier 1 market poised for revival

By Helene Durand and Anna Brunetti Fri Aug 29, 2014 9:09am EDT LONDON, Aug 29 (IFR) - Banco Santander and UniCredit will provide the first test of investor appetite for Additional Tier 1 debt in Europe after the asset...

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UPDATE 1-Court grants Saab carmaker NEVS creditor protection

Fri Aug 29, 2014 9:12am EDT (Adds court decision, defence firm Saab's decision to recall NEVS right to use Saab brand) STOCKHOLM Aug 29 (Reuters) - China's National Electric Vehicle Sweden (NEVS), which bought bankrupt...

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Part of Espirito Santo empire may try to block sale of insurer

LISBON Fri Aug 29, 2014 1:38pm EDT LISBON Aug 29 (Reuters) - Part of the troubled business empire of Portugal's Espirito Santo family said on Friday it may try to block the planned sale of an insurance company it once controlled,...

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U.S. bankruptcy judge sides with Momentive, rejects creditor objections

By Nick Brown Tue Aug 26, 2014 6:38pm EDT Aug 26 (Reuters) - A judge on Tuesday approved the bulk of Momentive Performance Materials' bankruptcy exit plan, rejecting creditor objections and pushing the quartz and silicone...

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Detroit's $1.8 bln refunding bonds priced in muni market

Tue Aug 26, 2014 7:34pm EDT Aug 26 (Reuters) - Detroit completed the pricing on Tuesday of $1.8 billion of water and sewer refinancing bonds related to a tender offer aimed at dealing with a big chunk of the bankrupt city's...

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PRESS DIGEST- New York Times business news - Aug 27

Wed Aug 27, 2014 12:55am EDT Aug 27 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * As Detroit prepares...

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US bankruptcy judge approves Detroit water/sewer bond plan

DETROIT Mon Aug 25, 2014 11:51am EDT DETROIT Aug 25 (Reuters) - A U.S. bankruptcy court judge on Monday approved Detroit's proposal to repurchase nearly $1.5 billion of existing water and sewer revenue bonds tendered by investors and to refinance...

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Judge delays ruling on Momentive bankruptcy exit plan

By Nick Brown Mon Aug 25, 2014 3:30pm EDT Aug 25 (Reuters) - A judge on Monday delayed a ruling on whether to confirm a plan by Momentive Performance Materials, a quartz and silicone maker owned by Apollo Global Management,...

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UPDATE 2-U.S. bankruptcy judge approves Detroit water/sewer bond plan

Mon Aug 25, 2014 4:34pm EDT (Adds details of bond sale, Syncora objection, comments from Kevyn Orr, fund manager) DETROIT Aug 25 (Reuters) - A U.S. bankruptcy court judge on Monday approved Detroit's proposal to repurchase...

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Energy Future judge appoints committee to review lawyer fees

By Nick Brown Fri Aug 22, 2014 4:12pm EDT Aug 22 (Reuters) - The judge overseeing Energy Future Holdings' massive bankruptcy appointed a committee to review the fees of lawyers and other professionals in the case. ...

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UPDATE 2-Detroit water board OKs repurchase of $1.5 bln tendered bonds

Fri Aug 22, 2014 8:29pm EDT (Adds comments from Detroit water/sewer officials, details on potential bond refinancing) DETROIT Aug 22 (Reuters) - The Detroit Board of Water Commissioners agreed on Friday to repurchase...

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RPT-CBA targets retail for bond hybrid sale

Sun Aug 24, 2014 7:30pm EDT (Repeats story published late Friday; no changes to text) * CBA to sell high-risk benchmark hybrid bond to retail investors * Jumbo AT1 to come after UK bans banks from selling to retail...

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UPDATE 1-Detroit water board OKs repurchase of $1.5 bln tendered bonds

Fri Aug 22, 2014 3:25pm EDT (Adds comment from board CFO, upcoming court hearing, bond sale details) DETROIT Aug 22 (Reuters) - The Detroit Board of Water Commissioners agreed on Friday to repurchase nearly $1.5 billion...

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Energy Future judge appoints committee to review lawyer fees

By Nick Brown Fri Aug 22, 2014 4:12pm EDT Aug 22 (Reuters) - The judge overseeing Energy Future Holdings' massive bankruptcy appointed a committee to review the fees of lawyers and other professionals in the case. ...

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UPDATE 2-Detroit water board OKs repurchase of $1.5 bln tendered bonds

Fri Aug 22, 2014 8:29pm EDT (Adds comments from Detroit water/sewer officials, details on potential bond refinancing) DETROIT Aug 22 (Reuters) - The Detroit Board of Water Commissioners agreed on Friday to repurchase...

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UPDATE 1-Detroit water board OKs repurchase of $1.5 bln tendered bonds

Fri Aug 22, 2014 3:25pm EDT (Adds comment from board CFO, upcoming court hearing, bond sale details) DETROIT Aug 22 (Reuters) - The Detroit Board of Water Commissioners agreed on Friday to repurchase nearly $1.5 billion...

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Energy Future judge appoints committee to review lawyer fees

By Nick Brown Fri Aug 22, 2014 4:12pm EDT Aug 22 (Reuters) - The judge overseeing Energy Future Holdings' massive bankruptcy appointed a committee to review the fees of lawyers and other professionals in the case. ...

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UPDATE 2-Detroit water board OKs repurchase of $1.5 bln tendered bonds

Fri Aug 22, 2014 8:29pm EDT (Adds comments from Detroit water/sewer officials, details on potential bond refinancing) DETROIT Aug 22 (Reuters) - The Detroit Board of Water Commissioners agreed on Friday to repurchase...

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Just over quarter of Detroit water/sewer bonds tendered

Thu Aug 21, 2014 5:33pm EDT Aug 21 (Reuters) - Bondholders of $5.2 billion of Detroit water and sewer revenue bonds turned in only 28.34 percent of the debt for repurchase by Thursday's expiration of the city's tender offer, according to tender agent...

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UPDATE 2-ISDA sets Argentina CDS auction date after yen bond inclusion

Thu Aug 21, 2014 6:06pm EDT (Adds new auction date) By Davide Scigliuzzo and Christopher Whittall NEW YORK/LONDON, Aug 21 (IFR) - The International Swaps and Derivatives Association (ISDA) has set an action date of...

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UPDATE 1-Detroit water and sewer bond tender appears to fall short

Thu Aug 21, 2014 6:16pm EDT (Adds no comment from emergency manager spokesman, Fitch report and background) Aug 21 (Reuters) - The holders of $5.2 billion of Detroit water and sewer revenue bonds turned in only 28.34...

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Interviews underway for Puerto Rico's PREPA restructuring chief - sources

Wed Aug 20, 2014 3:13pm EDT Aug 20 (Reuters) - Candidates are being interviewed this week for a chief restructuring officer at Puerto Rico's struggling power authority, two people briefed on the matter told Reuters. ...

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About 25 percent of Detroit's water and sewer bonds tendered so far

Wed Aug 20, 2014 6:20pm EDT Aug 20 (Reuters) - Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender...

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Regional water authority envisaged in latest Detroit bankruptcy plan

Thu Aug 21, 2014 2:31am EDT (Refiled to correct error in formatting of text) Aug 21 (Reuters) - Detroit has once again raised the possibility of having a regional water and sewer system authority in the latest version...

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CORRECTED-Momentive to face critics as bankruptcy-exit plan goes before court

Tue Aug 19, 2014 12:04pm EDT (Corrects paragraph 5 to say U.S. Bank is trustee for junior bondholders) By Nick Brown NEW YORK Aug 18 (Reuters) - Momentive Performance Materials, the quartz and silicone maker owned...

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Brazil miner MMX says not filing for bankruptcy, denies report

RIO DE JANEIRO Tue Aug 19, 2014 2:41pm EDT RIO DE JANEIRO Aug 19 (Reuters) - Eike Batista's iron ore miner MMX Mineracao e Metalicos SA said on Tuesday it is not considering filing for bankruptcy, denying a local media report published late on Monday."MMX...

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ISDA delays Argentina CDS auction until September

Tue Aug 19, 2014 5:39pm EDT NEW YORK, Aug 19 (IFR) - The International Swaps and Derivatives Association (ISDA) has delayed the auction to settle Argentina's credit default swaps until at least September.ISDA's 15-member determinations committee voted...

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CORRECTED-FEATURE-Chips are down for Atlantic City's hard-luck Revel Casino

Mon Aug 18, 2014 6:13pm EDT (Corrects to show Chatham exited Revel equity investment in paragraph 20) By Daniel Kelley and Hilary Russ Aug 16 (Reuters) - When the $2.4 billion Revel Casino opened its doors in 2012,...

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UPDATE 1-Momentive faces critics as bankruptcy-exit plan goes before court

Mon Aug 18, 2014 5:14pm EDT (Adds detail from first day of hearing) By Nick Brown NEW YORK Aug 18 (Reuters) - A judge said he will rule on Tuesday whether junior bondholders of Momentive Performance Materials, a quartz...

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Europeans banks eye dollar bond market for capital boost

Tue Aug 19, 2014 4:51am EDT (This story originally appeared in IFR, a Thomson Reuters publication) By Danielle Robinson and Helene Durand LONDON, Aug 19 (IFR) - European banks are expected to flock to the Yankee bond...

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