Insurance Agency News
Corporate bonds tainted by junk rating
Wednesday September 30, 2009
BILLIONS of dollars worth of corporate bonds issued by energy and infrastructure companies, including the owners of Sydney's Lane Cove Tunnel, are likely to come under pressure after the US insurer standing behind their debt had its credit ratings cut to junk.Elders puts hand out for $400m
Tuesday September 1, 2009
THE long-term future of the rural services group Elders is set to be secured this week through an institution-backed $400 million-plus capital raising that will trigger a financing deal.Rights issue hews into Elders debt
Tuesday September 1, 2009
RURAL services group Elders hopes to secure its future later this week through an institutional-backed $400 million-plus capital raising that will trigger a new financing deal with its bankers.