SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NucTrader who wrote (338019)7/7/2007 9:58:32 PM
From: Giordano Bruno   of 436258
 
News to avoid July 5 – Bloomberg (Cecile Gutscher and Caroline Salas): “The world’s biggest bondholders have had their fill of leveraged buyouts, convinced that increasing mortgage delinquencies will drag down the U.S. economy and drive debt-laden companies into default. TIAA-CREF, which oversees $414 billion in retirement funds for teachers and college professors, is boycotting some debt offerings used to finance LBOs. Fidelity International…and Lehman Brothers Asset Management LLC…say they’re avoiding debt from buyouts. Investors are getting skittish just as private-equity firms led by Kohlberg Kravis Roberts & Co. and Blackstone Group Inc. prepare to sell $300 billion of bonds and loans to finance LBOs, according to Bear Stearns Cos. In the past two weeks alone, more than a dozen companies were forced to postpone or restructure debt sales.”

July 3 – Financial Times (Paul J Davies ): “At the height of the first junk-rated debt crisis in 1989, RJR Nabisco sold what remained until very recently the biggest ever slug of high-yield bonds. But what is less well remembered is that the company and its buy-out backers, Kohlberg Kravis Roberts, raised only about $4bn from its $6.1bn bond issue as market turmoil forced it to offer much of the debt at a hefty discount. For many people, the parallels between then and now are striking. With plenty of leveraged buyout-related loans and bonds due to hit the markets in coming months, the massed ranks of private equity groups and investment banks will be hoping they do not suffer the same fate. But with US and European companies…all bringing or expected to bring huge junk-rated bond or loan deals in coming weeks and months, investor sentiment and appetite is likely to be well tested. Nowhere is this more true than in the US, where a record $215bn of loans is expected to be sold into the markets over the second half of the year, according to data from S&P… Crucial to the success of these loan sales and others in Europe is the health of a highly complex and still young market for collateralised loan obligations (CLOs)… The big problem facing sponsors of leveraged buy-outs in particular is that in modern credit markets, sentiment in CLOs and thus in underlying loan markets has become far more closely inter-linked with that in a far broader range of other markets…”
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News