Kamis, 21 Mei 2015

UPDATE 2-Banks give Chicago breathing room to convert bonds

CHICAGO, May 21 (Reuters) - Banks that entered into credit and other deals related to variable-rate debt sold by the city of Chicago have agreed not to immediately demand $2.2 billion in payments triggered when the city's rating was cut to junk by Moody's Investors Service, according to city documents.

from Reuters: New Issues News http://ift.tt/1LqbgMy

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