Page 5 - Bond Defaults News Today

Harvey began posting financial and bond delinquency notices this year as it tries to overcome its deep fiscal strains and past mismanagement that drew regulatory and bondholder ire.

Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.

Chinese developer cited liquidity issues for defaulting, after scrapping a repayment proposal last week. Some investors question Chinese homebuilders’ willingness to pay offshore creditors.

China has a lot to do to boost confidence in its bond market as it treats Evergrande’s distress and Huarong’s bailout with kid gloves, US fund manager Seafarer says.

A lawsuit accusing underwriter Stifel of negligence on one bond issue is pending and broader claims related to the financings are being considered.

Ping An Insurance stock slammed after US$11 billion plan to reorganise assets of bankrupt Peking University Founder group Ping An and Huafa Group to take up 73 per cent in new entity that will assume Founder’s assets, while 27 per cent is set aside to repay creditors A separate filing in Beijing shows the restructuring could reach between 53.7 billion yuan and 73.3 billion yuan

This regional Wisconsin authority has taken on the role of willing issuer for bonds anywhere in the United States. The result is that this one small regional authority accounts for 14.6% of the number of distressed or defaulted issues (or 20.5% of the dollar amount) during the last 13 months.

Mairs & Power Launches Minnesota Municipal Bond ETF The first exchange traded fund invested primarily in Minnesota Municipal Bonds News provided by Share this article Share this article ST. PAUL, Minn., March 12, 2021 /PRNewswire/ -- Mairs & Power, a registered investment advisor in St. Paul, announced the launch today of its first exchange traded fund. The Minnesota Municipal Bond ETF (ticker MINN) is the only ETF invested primarily in Minnesota Municipal Bonds in the country. The fund will be...

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

Park Place at Elmhurst would restructure and redeem $141 million of bonds issued to exit its 2016 Chapter 11 under a plan pending before a bankruptcy court.