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A conference call on DaVita's proposed price cut last week turned into a forum for investors to voice their displeasure with the repricing trend.
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Kimco Realty Corp. is pushing to change the covenants on its outstanding bonds so that it can use a different method to value its assets, according to Real Estate Finance & Investment, a CIN sister publication.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.
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E.A. Kratzman was hired by Katonah Capital, now Katonah Debt Advisors, to manage new funds the firm would be raising.
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--Scott Poirer, director of NewStar Financial, said about the firm's decision to launch a middle-market fund.
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Shinsei Bank is setting up an internal unit to rebalance its credit risk and has hired Nick James, deputy general manager of structured credit in the bond division at Daiwa Securities SMBC in Tokyo, to spearhead the effort.
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The equity-linked note market in Taiwan is seeing a major shift to short-term bullish products on local underlying, following a recent pickup in domestic stocks.
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A new template for trading recovery locks is paving the way for the instruments to be the next development in credit-default swaps.
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--Lary Stromfeld, partner at Cadwalader, Wickersham & Taft in New York, on a U.S. court ruling which has threatened the legal stability of credit-default swap contracts.
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The Turkish lira slumped against the U.S. dollar last week, after the Federal Reserve's rate rise sent fx investors rushing to exit high-yielding emerging-market currencies.