Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
Debt
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Alcatel-Lucent SA offers shares and bonds for expansion purposes
According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.
York Capital Management invests EUR100 million in Greece's GEK Terna
US fund York Capital Management invested EUR100 million in GEK Terna, one of Greece's top construction groups.
Whitehaven's future assured - Chairman
Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.
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The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
Onex Credit completed its fourth collateralized loan obligation through a private placement. Onex Corporation through a statement announced Onex Credit Partners LLC had completed the offer of its fourth collateralized loan obligation through a private placement transaction.
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
Original Joe's Franchise Group Inc and its parent company Franworks Franchise Corp received an expanded senior credit facility from GE Capital's Canadian Franchise Finance business.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
Obama, in a fundraising speech, said that the differences between Democrats and Republicans were exemplified in the recent budget impasse.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
