Chesapeake files suit against BNY Mellon. Chesapeake Energy Corp has gone to court to sue its trustee Bank of New York Mellon Corp seeking redemption of more than US$1.

CNOOC to guarantee Nexen bond issue. Nexen is seeking to amend its current terms of debt with holders of almost US$4 billion worth in bonds. The amendments seek to remove some of the conditionalities as well as add CNOOC as guarantor of the bond issue.

Islamic bonds to be issued by Emirates Airline. The world's largest airline in terms of international traffic, Emirates Airline would begin holding meetings with investors for the possible sale of Islamic bonds called sukuks.

Few fund firms and banks remain in Armacell auction. After Goldman Sachs and Equistone pulled out of the race, only a few buyers are still in the hunt to land Armacell, the German insulation firm.

Suzion share prices fall amidst sale and debt issues. Shares for Suzlon Energy of India fell by 45% as investors admitted trepidation on the wind turbine manufacturer's debt diluted shareholding ration after sale of founder's shares was made.

Clearwire gets money from Sprint yet still allows bid from Dish. Clearwire Corp announced it would draw on the debt money provided by Sprint Nextel Corp.

Credit rally makes hedge fund managers nervous for 2013. Hedge fund managers are scampering for safety as a huge credit rally evaporates investor confidence in the market.

Bond investors seek new options during leveraged buyouts. The increasing number of large leveraged buyouts or LBOs is making many investment-grade debt investors nervous, calling out the US government to institute more protection be given them in light of current developments.

Restructuring specialist Hilco has bought the debt of HMV giving it a big influence in the fate of the British entertainment retailer