China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.
Debt
Bill Miller buys JC Penney debt for new high income fund
Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.
Toll Brothers postpones boost on investment-grade rating, offers debt to buy Shapell
Toll Brothers Inc would be seeking to acquire the amount needed to finance its USD1.6 billion acquisition of Shapell Industries Inc and refinance its 4.95 notes due next year.
Kenya's Eurobond issue to upgrade country's infrastructure
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
UK court grants Monier Group Services loan extension
Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.
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Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
French retailer Carrefour SA said it is in talks to buy a portfolio of malls owned by real estate investment company Klepierre.
Canadian oil producer Penn West Petroleum announced that it will be selling up to USD2 billion of its assets to reduce debt levels.
CIT Corporate Finance provided a senior secured credit facility worth USD 35 million to wireless communications towers operator Central States Tower II.
Monroe Capital announced the funding worth USD27.5 million for the use of an affiliate of Sun Capital Partners Inc for the acquisition of Gem Shopping Network.
Avante Mezzanine Partners helped finance TechDevice Holdings' acquisition of AdvancedCath Technologies with debt and equity.
Odyssey Marine Exploration Inc said it would have money by the end of this year and would not need to raise equity next year.
BlackBerry Interim CEO John Chen stressed his experience to be able to turn around the firm. in light of the pull out of Fairfax Financial Holdings and the removal of their CEO, BlackBerry did damage control in appointing John Chen as its interim CEO and executive chairman.
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
