U.S. banks are selling non-performing loan pools and they are finding buyers that include business development companies, PE firms and hedge funds, recalling debt sales conducted by the Resolution Trust Corp. in the 1990s, Richard X. Bove, vice president of equity research at Rafferty Capital Markets LLC, tells Bloomberg Brief’s Aleksandrs Rozens. Click here to continue reading.
by Bloomberg Industries BioMarin’s Vimizim (GALNS, elosulfase alfa) enzyme replacement therapy for the treatment of Mucopolysaccharidosis (MPS) Type IVA (Morquio A syndrome) is among drugs expected to receive an opinion from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) during its February meeting. Decisions are expected on Feb. 20 or [...]
European corporates have launched 4.4 billion euros equivalent of covenant-light loans in the U.S. market year to date, adding to 1.1 billion euros signed since Jan. 1. Click HERE for more.
Michigan cities, town and agencies sold $467 million of debt in January as yields for new bonds became less volatile and closer to Bloomberg’s AAA Muni Index. Click on the chart below to see an interactive StoryGraph showing how much money Michigan muni issuers have raised since Detroit Emergency Manager Kevyn Orr proposed reduced payments to municipal bond [...]
Click here to download the complimentary special issue. The Brief showcases some of the best offerings published in our daily, and in our statistical annual, during January. It is designed to help retail financial advisers and high net worth investors like you keep abreast of the most important issues that affected bond valuations last month [...]
A Bloomberg Brief model of the U.S. Federal Reserve’s bias toward raising or lowering interest rates has shifted closer to neutral. Improving labor and financial market conditions have lifted the bias indicator to its closest point to neutral since August 2008, a month before Lehman Brothers collapsed. Click here to continue reading sample article.
Click below to launch our interactive StoryGraph.
Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments. The nation is considering issuing bonds by the end of 2014 to kick-start funding for the track, said Abdulrahman Al Hatmi, a director at Oman National Railway [...]