RPT-Market Chatter-Corporate finance press digest

Wed Feb 6, 2013 11:31am IST

Related Topics

Stocks

   

Feb 6 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Softbank Corp will issue $3.2 billion in corporate bonds, the biggest ever by a non-financial Japanese firm to retail investors, to convert part of the $17.7 billion in short-term loans used to purchase Sprint Nextel Corp to longer term debt, two sources familiar with the matter said.

* Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of $2 billion to $2.5 billion, the Wall Street Journal reported.

* Turkey's Cukurova Holding is determined to recover a disputed stake in Turkcell from Russian partner Altimo and is seeking a loan of up to $2 billion to do so, sources familiar with the situation said.

* The head of Royal Bank of Scotland's investment banking arm is set to give up a bonus pot worth 4 million pounds ($6.27 million) as he resigns from the lender over its involvement in Libor-rigging, The Telegraph reported.

* Walt Disney is "exploring an exit" of ESPN from the UK, after the sports network incurred losses and lost key sports rights contracts, the Financial Times reported.

* Banco Espirito Santo, Portugal's second largest listed bank by assets, is considering making an offer to buy Spain's Banco Gallego, two sources said.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

India-WTO Standoff

India-WTO Standoff

India threatens to derail WTO deal, prompts angry U.S. rebuke  Full Article 

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

IPO Probe Ends

IPO Probe Ends

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

World Stocks

World Stocks

Goldman Sachs downgrades stocks to neutral for short term  Full Article 

Disappointing Results

Disappointing Results

Amazon's far-reaching ambitions, lack of profits, unnerve investors  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage