The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
Legal & Regulatory
Merger settlement considered between US Airways and American Airlines
A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
Energy Future Holdings plans interest payments to creditors- source
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
US stocks fall as Federal Reserve retains bond buying program
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
Latest News
Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.
Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.
To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.
A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
