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Bloomberg
Goldman, Citigroup, Jefferies Said to Plan CMBS Transaction - Bloomberg
The deal contains 79 loans tied to 175 properties across the US, said the people, who asked not to be identified because terms aren't public. Wall Street has arranged about $5 billion of the debt this year, according to data compiled by Bloomberg.
Ford Sells $1.25 Billion of Bonds After Rating Increase - Bloomberg
Proceeds will be used for general corporate purposes, according to a person familiar with the offering. The company last issued more than $100 million of dollar-denominated debt in January, when the Dearborn, Michigan- based automaker sold $1 billion ...
Vale Freed of Collateral on 30.7 Billion-Real Tax Dispute - Bloomberg
An official at the court's press office, who declined to be named because of internal policy, said the injunction won't affect a final ruling on the levies. Vale has challenged government claims for taxes on profit of foreign units since 2003 as ...
Warburg Said to Raise More Than $5 Billion for Next Fund - Bloomberg
Warburg Pincus LLC, the owner of Neiman Marcus and Interactive Data Corp., has raised more than $5 billion for its new fund, said a person briefed on the matter who asked not to be named because the information is private. The buyout firm is seeking ...
US Northwest Gasoline Slips on BP Crude Unit Return - Bloomberg
BP, based in London, was starting equipment at the 234000- barrel-a-day refinery on May 8 after finishing three months of maintenance when an upset at the crude unit forced it shut again, said two people, who declined to be identified because the ...
Bank Foreign Branches Said to Face Tougher US Swaps Rules - Bloomberg
... use the legal distinction between a branch and an affiliate as the basis for applying new derivatives rules to US banks' overseas trades with foreign customers, said the people, who asked not to be named because the discussions are private.
EU Won't Discuss Iran Oil-Ban Review Next Week, Official Says - Bloomberg
... EU diplomats agreed that any potential questions from a member state on exemptions for existing oil contracts and some insurance may be put forward in June, before the next ministerial meeting, said the official, who declined to be identified, ...
Edens of Fortress Says Newcastle is Close to 'Large' Deal - Bloomberg
Ally Financial Inc. (ALLY), the auto-lender majority-owned by US taxpayers, has lined up Fortress, where Edens is co-chairman, to buy its Residential Capital unit in a bankruptcy court- supervised sale, a person familiar with the matter has said.
O1 Properties Said to Struggle to Draw Orders for London IPO - Bloomberg
Underwriters for the sale are due to finish taking orders at 5 pm in London today, said the people, who declined to be identified because the process is private. A failure of the sale would make 01 Properties the first London IPO to be pulled this year ...
Coty Raises Offer to Acquire Avon Products to $24.75 a Share - Bloomberg
The talks, which had focused on Coty's concerns about liabilities at Avon and internal departures of employees, had yet to progress toward a deal, said the people, who declined to be named because the discussions are private.
Saudi Aramco to Provide Full Crude Supplies to Europe - Bloomberg
Saudi Aramco, as the company is known, will provide 100 percent of crude cargoes sold under long-term contracts, said the officials, who declined to be identified because the agreements are confidential. The kingdom exported in January 860000 barrels a ...
German Stocks Rise for Second Day; Deutsche Telecom Gains - Bloomberg
... Communications Inc. Deutsche Telekom has considered a stock-swap transaction that would give it control over the combined entity, which would be publicly listed, said two of the people, who declined to be identified because the talks are private.
Crude Oil Falls a Seventh Day, Longest Run of Losses Since 2009 - Bloomberg
Saudi Arabia, the world's biggest crude exporter, boosted oil output last month to the most in more than three decades, according to a person familiar with the country's production. The kingdom pumped 10.1 million barrels a day in April, more than the ...
Tullett Said to Hire Chillington for Alternative Investments - Bloomberg
Tullett Prebon Plc (TLPR), a London-based diversified inter-dealer broker, hired Tim Chillington as a manager of alternative investments in Hong Kong, according to a person familiar with the matter. Chillington will cover Asia secondary loans trading ...
KPN Has Board Defense Should America Movil Bid Go Hostile - Bloomberg
If its offer is successful, America Movil has no immediate plans to increase its holding, and would probably not evaluate buying more shares for at least a year, according to a person familiar with its plans. KPN could eventually be used as a vehicle ...
Blackstone Counters Fee Pressure Via Custom Pension Deals - Bloomberg
Blackstone and Calpers, which has committed more than $2 billion to the New York-based firm since 1994, may agree on a separate account with lower fees and more control over deals than traditional funds, a person briefed on the matter said last week.
IPOs Get Riskier for Bankers as Hong Kong Weighs Prison Terms - Bloomberg
Some senior bankers in Hong Kong are already devoting more time to examining companies they take public in anticipation of tougher rules, said two executives at securities firms who requested anonymity because the matter is sensitive.
Zoe Cruz Said to Liquidate Hedge Fund Voras Capital - Bloomberg
Voras Capital Management LP, which Cruz started in New York about two years ago, will return money to investors in the coming months, said the person, who asked not to be identified because the information is private. Cruz is considering opportunities ...
E*Trade Former CEO Layton Said to Be Choice to Lead Freddie Mac - Bloomberg
(ETFC), will take over as head of the mortgage-finance company, according to a person familiar with the matter. Layton will replace current CEO Charles E. Haldeman Jr., who is planning to retire this year. Layton, 62, didn't return a telephone call ...
Deutsche Telekom Said to Talk to MetroPCS on T-Mobile USA Merger - Bloomberg
Deutsche Telekom AG (DTE) is discussing a merger of its T-Mobile USA unit with MetroPCS Communications Inc. (PCS) as it reviews options for the customer-losing business, according to people familiar with the matter. Deutsche Telekom is considering a ...
Spain Set to Tighten Provisions on Healthy Property Loans - Bloomberg
It's also working on a plan to force banks to set aside more provisions on real estate loans that are still healthy, said a person familiar with the situation, who also declined to be identified. The rules, to be approved on May 11, will increase ...
Kenya Shilling Drops 2nd Day on Dollar Demand From Oil Importers - Bloomberg
The central bank stayed out of the money market, an official in the bank's money market department who asked not to be identified citing policy, said in a phone interview. The Ugandan shilling gained for the first time in four days, appreciating 0.3 ...
Genstar Said to Approach $1 Billion Goal for Buyout Fund - Bloomberg
The target for Genstar Capital Partners VI LP was cut this year from $1.5 billion amid a tough fundraising environment, said the people, who asked not to be named because the information is private. Genstar will offer additional co- investment ...
Hong Kong Exchanges Said to Hire Banks for LME Bid Loan - Bloomberg
Hong Kong Exchanges & Clearing Ltd. (388) hired Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and UBS AG to arrange a loan to finance an offer for the London Metal Exchange, according to a person familiar with the matter, who asked not to be ...
Hutchison Said to Make Revised $2.6 Billion Offer for Eircom - Bloomberg
The formal cash offer by Hutchison's Three Ireland unit removes a number of conditions that were attached to an initial bid last week, which was rejected by an Irish court-appointed examiner, said the people, who declined to be identified because the ...