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Tag: bondholder
Meet Tesla's new bondholder: Billionaire George Soros
NEW YORK — The investment firm founded and chaired by billionaire George Soros took a stake in Tesla bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter. Soros Fund Management LLC took a $ 35 million stake in the convertible bonds of Tesla, which […]
A bondholder finds a sneaky way to trigger insurance against default
IN 2013 Codere, a Spanish gaming firm, owed money it could not repay. Its bonds were trading at just over half face value. Blackstone, a private-equity firm, offered it a cheap $ 100m loan. But there was a catch. Blackstone had bought credit derivatives on Codere’s debt that would pay out about €14m ($ 19m) […]
A Puerto Rico bondholder strikes a far more sympathetic tone toward the island’s tragedy than Trump
REUTERS/Jonathan Ernst President Donald Trump’s visit to Puerto Rico some two weeks after the US territory was devastated by Hurricane Maria was widely criticized for its lack of empathy and sensitivity. The president joked about Puerto Ricans not needing flashlights anymore while most of the island’s 3.4 million US citizens remain without power. While visiting […]