Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements.
Mezzanine Debt
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AquaSure's planned refinance was slated to cut its borrowing costs by more than half, according to a source interviewed by Bloomberg.
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
In an agreement with United Development Company, Qatar National Bank entered a credit loan facility to purchase units at The Pearl-Qatar.
In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
East West Bancorp and MetroCorp Bancshares Inc. announced today the signing of a definitive agreement for the merger of MetroCorp into East West.
On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.
Caesar's Entertainment has planned to raise nearly five billion to refinance its overall debt.
Hungary applied for permission to sell bonds in the US market.
According to a report by Reuters, sources said that Hilton Worldwide came up with its pricing terms on its USD5.85 billion refinancing credit that would be used to finance debt that would arise from its public offer.
French investor Perceva would take over Monceau Fleurs Group through recapitalization.
