If you’re a Tesla investor you may want to think twice before buying more shares anytime soon. There’s a risk you could unwittingly provide CEO Elon Musk with a vital rally he can use to sell into once Tesla posts Q3 results on Oct. 19. In short, shareholders could be caught holding the bag for … Read more
A chunky corporate debt sale viewed as a test of US capital markets has ended with disappointing results after bankers were forced to offer cut-price bonds and loans to fund the leveraged buyout of software company Citrix. Investor orders barely covered the $8.55bn debt package on offer, with many big money managers and hedge funds … Read more
Breadcrumb Trail Links PMN Business Money managers bought billions of dollars of leveraged loans in the US and Europe earlier this year, expecting to package them into bonds. Now the value of the debt has dropped, and firms are struggling to find ways to offload it without taking big losses. Author of the article: Bloomberg … Read more
All the top stories and transfer rumours from Thursday’s national newspapers… THE SUN Arsenal are looking to offload eight players, including record signing Nicolas Pepe, to pay for their summer signing spree. Leicester City are holding firm on their £85m valuation of Chelsea target Wesley Fofana as the Blues prepare a £200,000-a-week deal for the … Read more