Chandra’s exit takes the shine off Tata stocks & D-St
We haven't written up this one. The Economic Times has the full story — the link below goes straight to it.
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Polar Asset secures $215m first close for Canadian credit risk transfer fund
Canadian asset manager Polar Asset Management Partners has raised more than $215m at the first close of a new fund targeting significant risk transfer transactions with financial institutions…
- Canadian firm Polar Asset Management raises $215 million for CRS Fund-II
- Fund focuses on significant risk transfer transactions with financial institutions
- Strategy allows banks to lower capital requirements and increase lending capacity
HPCL, MRPL seek up to six million barrels crude, documents show
HPCL plans to import up to 4 million barrels of crude for delivery in September and October, and MRPL is seeing up to 2 million barrels for October 10-20
Private credit lenders tighten PIK terms as concerns mount over hidden defaults
Private credit lenders are becoming increasingly reluctant to allow borrowers to defer interest payments, as growing use of payment-in-kind arrangements raises concerns that underlying loan stress may…
Brazilian Real: Politics weighs but carry supports – ING
ING’s Chris Turner reports the Brazilian Real (BRL) underperformed in an otherwise supportive carry environment after a bank downgraded Brazilian equities and a new poll showed President Lula widening…
Korea to Require Mock Trading for Single-Stock Leveraged ETFs
South Korea will require new investors in single-stock leveraged exchange-traded funds to undergo mock trading exercises, further tightening rules on highly risky products that have amplified market…
TPG agrees $925m deal to acquire South Korea’s Lotte Rental
US private equity firm TPG has agreed to acquire a 61% stake in South Korea’s largest car-rental company, Lotte Rental, from two affiliates of Lotte Group in a deal valued at KRW1.31tn ($925m)…