U.S. bankruptcy lawyer faces fresh creditor attack over Caesars

Oct 30 (Reuters) - Junior creditors of Caesars Entertainment launched a fresh attack against a top U.S. restructuring attorney, alleging that James Sprayregen of Kirkland & Ellis misled a judge and...

from Reuters: Bankruptcy News http://ift.tt/1KLsvoQ

Globo debacle gives junk bond syndication a black-eye

LONDON, Oct 30 (IFR) - The growing scandal at Globo has laid bare the dangerously opaque nature of the international high-yield bond market, with ratings agencies, investment bankers and auditors all failing to spot the warning signs of suspected fraud.

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

Companies lose equity and faith on S&P news

LONDON, Oct 30 (IFR) - Standard & Poor's shock removal of the equity content it had assigned to 29 corporate hybrid bonds has shone an unfavourable spotlight on the sector and forced both investors and issuers to rethink the risks of this year's in-vogue product.

from Reuters: New Issues News http://ift.tt/20fC8HC

UPDATE 1-AIB says report it could repay Ireland up to 2 bln euros 'sensible'

* AIB says investors positive on Ireland (Adds analyst, details, background)

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

EU parliament approves rules shining a light on shadow banking

LONDON (Reuters) - Financial transactions using shares or other assets to secure credit will come under greater scrutiny after the European Parliament approved a new law on Thursday to shine a light...

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AIB says report of possible 1.5-2 bln eur share redemption 'seems sensible'

DUBLIN, Oct 30 (Reuters) - Allied Irish Banks' chief executive on Friday said a report it may redeem between 1.5 billion and 2 billion euros of government-owned preference shares by the end of the year "seems sensible", but declined to detail the bank's exact plans.

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

RBS planning payment to end government dividend priority -CFO

LONDON, Oct 30 (Reuters) - Royal Bank of Scotland is planning to make a final payment to Britain's finance ministry to cancel an arrangement that gives the government priority over dividends after selling its U.S. business Citizens, CFO Ewen Stevenson told reporters.

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UPDATE 1-Hapag-Lloyd cuts price range for planned listing

* Hapag-Lloyd to offer more shares from capital increase (Adds statement from TUI, background)

from Reuters: New Issues News http://ift.tt/20f9YN7

Coinsilium turns to broker-owned bourse to revive listing plan

LONDON, Oct 29 (Reuters) - Coinsilium, a London-based investor in the technology that underpins digital currency bitcoin, plans to revive its delayed initial public offering (IPO) by seeking a listing on a junior stock market run by broker ICAP.

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

AIB to pay govt up to 2 bln euros via preference shares -Bloomberg

DUBLIN, Oct 29 (Reuters) - Allied Irish Banks is seeking to redeem 1.5 to 2 billion euros of government-owned preference shares by the end of the year, Bloomberg reported on Thursday, citing people with knowledge of the matter.

from Reuters: New Issues News http://ift.tt/1Nb4rle

Samson Resources' CEO to quit, falling gas imperils debt plan

WILMINGTON, Del, Oct 29 (Reuters) - Samson Resources Corp's chief executive officer plans to resign, a lawyer for the bankrupt oil and gas producer told a judge on Thursday, adding that the company's...

from Reuters: Bankruptcy News http://ift.tt/1HebZ0p

U.S. judge rejects creditors' request to remove Caesars' lawyers

CHICAGO, Oct 29 (Reuters) - A judge has rejected an unusual attempt by junior bondholders of Caesars Entertainment's bankrupt operating unit to disqualify law firm Kirkland & Ellis from leading the...

from Reuters: Bankruptcy News http://ift.tt/1PWOEY5

Banks demand state guarantees for Bulgaria energy loan-sources

SOFIA, Oct 28 (Reuters) - Plans by Bulgaria's state energy holding company to raise up to 650 million euros ($713 million) in debt have hit a stumbling block after lenders asked for state guarantees, two sources familiar with the situation told Reuters on Thursday.

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UK govt trims Lloyds stake to single-digits as retail offer looms

LONDON, Oct 29 (Reuters) - Britain's government has sold off another 1 percent of its stake in Lloyds Banking Group, trimming its total interest to below 10 percent just months before a final sell-off aimed at returning the lender to full private ownership.

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BRIEF-Indo Internacional to delist on Oct. 29 - CNMV

Oct 28 (Reuters) - Comision Nacional del Mercado de Valores (CNMV):

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BRIEF-Martinsa Fadesa to delist on Oct. 29 - CNMV

Oct 28 (Reuters) - Comision Nacional Del Mercado de Valores (CNMV):

from Reuters: Bankruptcy News http://ift.tt/1PUIGXQ

UPDATE 1-Puerto Rico utility PREPA's bond insurers present terms -source

SAN JUAN, Oct 28 (Reuters) - Insurers of Puerto Rico Electric Power Authority bonds on Wednesday delivered terms for a debt restructuring to the utility, a person with direct knowledge of the matter...

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Globo revelations stun high-yield

LONDON, Oct 28 (IFR) - Globo plc's announcement that it is under investigation from the FCA has shocked high-yield investors that the British mobile technology firm recently tried to sell a bond deal to.

from Reuters: New Issues News http://ift.tt/1OZ4QJ6

UPDATE 1-Bain Capital to sell or list clutch maker FTE - sources

* Bain retains Rothschild to look into options for FTE-sources

from Reuters: New Issues News http://ift.tt/1O7Ixky

Bain Capital to sell or list clutch maker FTE - sources

FRANKFURT, Oct 28 (Reuters) - U.S. buyout group Bain Capital is preparing the divestment of car parts maker FTE Automotive , seeking to take advantage of high sector valuations, two people familiar with the matter said.

from Reuters: New Issues News http://ift.tt/1WiJrK3

UPDATE 2-Barclays says to pay new chief Staley up to $12.6 mln a year

LONDON, Oct 28 (Reuters) - British bank Barclays Plc has appointed James "Jes" Staley chief executive and said the former JPMorgan investment bank boss will be paid up to 8.24 million pounds ($12.6 million) a year.

from Reuters: New Issues News http://ift.tt/1H9VzGk

UPDATE 1-Barclays says to pay new CEO Staley up to $12.6 mln a year

LONDON, Oct 28 (Reuters) - British bank Barclays Plc has appointed James 'Jes' Staley as its new chief executive and said the former JPMorgan investment bank boss will be paid up to 8.24 million pounds ($12.6 million) a year.

from Reuters: New Issues News http://ift.tt/1OXxp9S

Caesars cancels Mississippi Tunica auction amid lack of bidders

CHICAGO, Oct 27 (Reuters) - Caesars Entertainment Corp's bankrupt operating group has cancelled the auction of property at its failed Harrah's Tunica Casino in Mississippi amid a lack of bidders,...

from Reuters: Bankruptcy News http://ift.tt/1WgPdMi

UPDATE 1-Fraud found at Kenya's Imperial Bank but still viable - central bank

NAIROBI, Oct 27 (Reuters) - The receiver for Kenya's privately owned Imperial Bank (IBL) found substantial fraud but the bank is still viable and shareholders are considering a proposal to inject...

from Reuters: Bankruptcy News http://ift.tt/1WgPfDN

Fraud found at Imperial Bank but still viable -central bank

NAIROBI, Oct 27 (Reuters) - The receiver for Kenya's privately owned Imperial Bank found "fraudulent activities of substantial magnitude" but the bank is still viable and shareholders are considering...

from Reuters: Bankruptcy News http://ift.tt/1WfZFsF

Puerto Rico agency promises more details at Tuesday creditor meeting

SAN JUAN, Oct 27 (Reuters) - Puerto Rico's Government Development Bank said it will present the island's creditors with more details of the financial analyses supporting its debt restructuring plan...

from Reuters: Bankruptcy News http://ift.tt/1Mpvjzf

UPDATE 1-Hapag-Lloyd postpones IPO after Maersk warning

* Goal to tempt back investors scared by Maersk warning -source (Adds reason for postponement, comparisons with Maersk)

from Reuters: New Issues News http://ift.tt/1N51OkY

Hapag-Lloyd considers lowering offer price for IPO - sources

FRANKFURT, Oct 27 (Reuters) - German container shipping group Hapag-Lloyd is considering lowering the offer price of its planned share sale, two people familiar with the deal said on Tuesday.

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UPDATE 1-Arch Coal noteholders reject debt swap amid looming bankruptcy

Oct 27 (Reuters) - Arch Coal Inc moved closer to bankruptcy after noteholders rejected a debt exchange proposal aimed at boosting the coal miner's liquidity.

from Reuters: Bankruptcy News http://ift.tt/1LUJhnl

Arch Coal noteholders reject debt swap amid looming bankruptcy

Oct 27 (Reuters) - Arch Coal Inc noteholders rejected a debt exchange proposal aimed at boosting liquidity, the U.S. coal miner said on Tuesday, pushing it closer to bankruptcy.

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