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LIBOR NEWS
Byju’s asks creditors for more time to recast $1.2-billion debt: reportSome of the creditors are seeking a quicker repayment of the debt given to Byju's using cash reserves of about $850 million from its US uni...- Byju’s lenders seek quicker part-payment of $1.2-billion loanThe lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a Septembe...
- Most valuable Indian startup Byju's is said to seek easier terms on $1.2 billion loanByju's, India's most valuable startup, valued at $22 bn, has appointed an adviser to discuss tweaks in covenants of the term loan B with cr...
- Libor limbers up for 'Y2K' walk into a $265 trillion sunsetY2K in the end saw few major incidents but regulators are taking no chances with Libor, with banks busy testing their systems.
- Wall Street bank trading boom does little to assuage concerns about lendingGoldman Sachs Group Inc and Morgan Stanley benefited most, because they do not have the lending operations of rivals like JPMorgan Chase & ...
- First overseas syndicated India loan since March tests the waterNo Indian borrower has marketed an overseas facility to a broad pool of lenders since March.
- Companies need to rework fundraising plans as new financial benchmarks come into playThis mammoth transition requires collective effort from various arms as the risks are manifold.
- ECB begins transition to new short-term benchmarkThe shift comes as similar actions are underfoot in sterling and dollar markets.
- Trump saves about $1 million with Powell’s interest rate cutUntil this week, Trump’s floating-rate debt cost him about $17.1 million.
- Foreign borrowing may dip on likely cost riseIn the past one month, the US gauge surged 17 basis points on concerns over rising oil prices.
- US Treasury rise: How it will impact Indian companiesThe benchmark US Treasuries hit 2.59% after its biggest overseas backer reportedly decided to cut back on its holding of the instrument,
- Barclays may move hundreds of jobs to India: ReportWith around 2,000 jobs on the line at its troubled investment banking unit here, Barclays has dispatched a team to recruit and train new st...
- Essar Oil's debt refinancing to lower annual interest burden by Rs 400-450 croreRBI's approval to Essar Oil to refinance its rupee denominated debts to lower annual interest burden by Rs 400-450 crore.
- Libor, now set by smaller group of banks, losing status as a world benchmarkThe dominance of a smaller group shows the measure is failing to accurately reflect the true health of the financial system and borrowing c...
- Consequences of global economic recoveryThe US market index, the S&P 500, is up 20% from October lows, unemployment claims are falling and the market for foreclosed homes is ticki...
- Lending curb hits ICICI's overseas operationsRegulators in the UK and Canada have objected to locally incorporated subsidiaries of ICICI Bank lending mostly to Indian companies.
- SBI to go overseas with $1-bn bond issueIndia’s largest bank - State Bank of India - is foraying into the international market to raise close to $1 billion, riding on the back of ...
- Fed's $1tn recession remedy just what India orderedFed, World's most powerful monetary authority will spend $1 trillion to buy government bonds and mortgage-backed securities.
- Rescues could result in diminishing returnsThe market’s reaction to the new super bailout follows a familiar pattern: relief, disappointment and the need for a higher dose of the sam...
- Credit crisis to hit India Inc's fund raising plans hardCancellation of issue of preference shares worth Rs 3,000 crore by Tata Motors perhaps is an indicator to the long and painful journey ahea...
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