Chase, Deutsche Bank accept Russian debt deal

Article Abstract:

Chase Manhattan Bank and Deutsche Bank AG have agreed to participate in a Russian treasury debt restructuring deal. The surprise move by Chase and Deutsche Bank has infuriated other members of a 19-bank committee representing foreign bondholders. Holders of Russian debt say the restructuring deal will leave them with only about $0.05 on the dollar. Chase Manhattan Bank has submitted bonds from its own account to be converted into longer term securities, and Deutsche Bank has submitted portions of both its own and its clients' bonds.

Commercial Banks, Russia, Intnl Banking Services, International Trade Financing, Banking industry, International trade, Abstract, Deutsche Bank AG, International banking, Chase Manhattan Bank N.A. (New York, New York)

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MGM Mirage investors ignore Dubai World's offer to buy shares

Article Abstract:

Dubai World is purchasing approximately 0.1% of MGM Mirage shares outstanding, compared to the 5% it sought. Investors avoided the deal as the offer price was significantly lower than what shareholders could obtain on the open market. Dubai World will continue to seek stock purchases from MGM due to a deal it made with the MGM's board to obtain a 50% stake in the development project CityCenter.

Securities issued, listed, HOTELS AND OTHER LODGING PLACES, United Arab Emirates, Eating and Drinking Places, United States, Company investment, Investments, Holding companies, Hospitality industry, Company securities, MGM Mirage Inc.

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Sony's debt rating is lowered

Article Abstract:

Sony Corp. of Japan debt rating has been downgraded to triple-B-plus for longterm debt. Financial projection for the electronics company expects performance to be even slower over the next two years. Sony Corp. debt was 4.445 trillion Yen ($37.13 billion) in the fiscal year 2006.

Household audio and video equipment, Japan, Finance, Consumer electronics industry, Sony Corp., SNE, Company financing, Rankings, Company overview

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