Latest Bond Stories

SAN FRANCISCO, April 17, 2012 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) selected Loop Capital Markets, an African American-owned investment bank headquartered in Chicago, to be one of four joint lead managers, along with Goldman Sachs, JP Morgan, and Wells Fargo Securities, for a $400 million offering of 30-year senior notes that closed yesterday. The company also engaged two other diverse firms - woman-owned MFR Securities in New York and service disabled...

AUBURN HILLS, Mich., April 17, 2012 /PRNewswire/ -- BorgWarner today announced that it has successfully settled all conversions of its 3.50% Convertible Senior Notes due 2012 (the "Notes"). The company delivered approximately 11.4 million shares of its common stock, previously held in Treasury, to converting Noteholders, which is equivalent to the aggregate amount of Notes converted, or approximately $374 million, divided by $1,000, and multiplied by a conversion rate of 30.4706. As a...

DANBURY, Conn., April 10, 2012 /PRNewswire/ -- Armored AutoGroup today announced that it has scheduled a conference call for its current bondholders to be held on Tuesday, April 17, 2012, at 4:30 EDT to discuss its financial results for the quarter ended December 31, 2011. Current bondholders are requested to email ir@armoredautogroup.com on or before April 16, 2012 in order to obtain a dial-in number for the call and access to a website where the company's financial reports will be...

BRIDGETOWN, Barbados, April 5, 2012 /PRNewswire/ -- Columbus International Inc. (the "Company") today announced a solicitation of consents (the "Consent Solicitation") to proposed amendments (the "Amendments") to certain covenants contained in the indenture (the "Indenture") governing its 11.5% Senior Secured Notes due 2014 (the "Notes") - CUSIP No. 199300AA2, ISIN US199300AA21 (Restricted Global Notes) and CUSIP No. P2894NAA5, ISIN USP2894NAA56 (Reg S Global Notes), and to the...

SALT LAKE CITY, April 4, 2012 /PRNewswire/ -- Zions Direct, the online broker-dealer that allows its customers to purchase corporate bonds in its daily web-based auctions, announces its weekly auction results. In auctions closed from March 26, 2012 to March 30, 2012, investors purchasing corporate bonds in the auctions received average taxable yields 0.45 percentage points, or 45 basis points, higher than comparable bonds reported in FINRA's Trade Reporting and Compliance Engine...

LOS ANGELES, March 22, 2012 /PRNewswire-USNewswire/ -- On Feb. 26, Trayvon Martin, 17, was shot and killed near his home in a gated community in Sanford, Florida by Hispanic neighborhood watch leader, George Zimmerman. Rev. Al Sharpton, The Congressional Black Caucus and the NAACP have all condemned the shooting and labeled it a racially-motivated "hate crime." Rev. Jesse Lee Peterson, Founder and President of BOND, the Brotherhood Organization of A New Destiny, released the...

NEW YORK, March 21, 2012 /PRNewswire/ -- BlackSteel Capital Group LLC, has announced the availability of its innovative website www.BondsOdds.com to bond investors all over the globe. It empowers investors who are involved in the fixed income market (bonds, loans, credit etc.) to discover the true value or risk of any given bond using their peers' opinions. In doing so, the site helps dismantle the monopoly of information erected by banks, research institutions and rating agencies...

DALLAS, March 15, 2012 /PRNewswire/ -- Alon Refining Krotz Springs, Inc. (the "Company") announced today that it has commenced a cash tender offer and consent solicitation for any and all of its outstanding 13 1/2% Senior Secured Notes due 2014 (the "Notes") as described in the following table. CUSIP No. ISIN Description of Security Aggregate Principal Amount Outstanding Consent Payment(1)...

PLYMOUTH, Mich., March 15, 2012 /PRNewswire/ -- Plastipak Holdings, Inc. (the "Company") announced today that it will file its Form 10-Q Equivalent Report for its fiscal quarter ended February 4, 2012 electronically with Wells Fargo National Bank, as Trustee for the holders of its 8.5% Senior Notes due 2015 and the holders of its 10.625% Senior Notes due 2019 (the "Senior Notes"), by the close of business on Tuesday, March 20, 2012. The Company is not required by the Indenture for...

EL DORADO HILLS, Calif., March 12, 2012 /PRNewswire-iReach/ -- The prolonged downturn in the economy has had a significant impact not only on contractors, but also the surety's that underwrite license bonds in California. The California construction boom throughout the 2000's led to increased competition amongst many sureties that previously took a relaxed stance on credit scores when issuing license bonds on behalf of California contractors. When the construction boom ended, claims...