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Citadel Securities, founded by billionaire Ken Griffin, is expanding its credit-trading unit by hiring talent from major Wall Street banks such as Bank of America, Citigroup, Morgan Stanley, and HSBC. The new hires include credit traders, sales representatives, and analysts, with a focus on investment-grade corporate bonds. Citadel Securities aims to compete with traditional banks in the credit market-making business and plans to expand into high-yield bonds by the end of the year. The firm's fixed-income market-making involves both electronic and voice trades. [Extracted from the article]

The central bank said it was establishing the Commercial Paper Funding Facility to "support the flow of credit to households and businesses." [ABSTRACT FROM AUTHOR]

The article reports developments in the U.S. debt market as of mid-December 1974. It cites the growing complexities in the sector, citing as example the issue of whether to treat a 25-year bonds, a 60-day bank loan and a 90-day note or commercial paper as long-term debt or current liabilities. The opinions of Arthur Andersen & Co.'s Robert May and AT&T's Warren W. Brown on the developments are also cited.

The article offers information on the stringent borrowing conditions for corporates due to government deficits in the U.S. It states that treasury cash now needs five billion dollars more to set the credit market. According to Henry Kaufman the yields on one-year Treasury bills has risen 190 basis points in less than two months. It mentions that the corporate and government bonds have faced less setbacks.

Israel's central bank is expanding its set of monetary tools by offering repurchase transactions to non-bank credit providers, according to a Sunday announcement. The Bank of Israel will take government and corporate bonds as well as short-term Makam bills as collateral from credit card companies, starting from the first week in January 2021. [Extracted from the article]

(Bloomberg) -- The Federal Reserve extended most of its emergency lending programs by three months, through the remainder of 2020, to help an economy still struggling with the coronavirus pandemic. "Provide Certainty" "The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the Covid-19 pandemic", the Fed said in a statement Tuesday. [Extracted from the article]

(Bloomberg) -- The Federal Reserve extended most of its emergency lending programs by three months, through the remainder of 2020, to help an economy still struggling with the coronavirus pandemic. "The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the Covid-19 pandemic", the Fed said in a statement Tuesday. [Extracted from the article]

The article presents a study on the economic data of the Corporate Bond Credit in the U.S. According to the author, movements in the corporate bond spreads are important to many investors and potentially informative forward-looking metrics of market sentiment. The studies reviewed show that more than half of the variation in corporate bond credit spreads is not related to the financial health of the issuing firm, but rather reflects effects such as compensation for liquidity risk.

The article reports on the release of senior notes worth 400 million dollars by Targa Resources in September 2015. Topics covered include the scheduled maturity date of the unsecured notes released by the natural gas provider. Also mentioned is the allocation of proceeds to lessen its borrowings under a senior secured credit facility.

The article discusses the developments regarding the initiation of corporate bonds as a viable form of debt financing in Chinese markets and the effect on the market. The news of a potential regulatory switch from the country's conservative National Development and Reform Commission (NDRC) to more liberal China Securities Regulatory Commission (CSRC) encouraged potential issuers in China. After receiving approval from the CSRC, China Yangtze Power Co. became the first listed company in the country to issue corporate bonds. The article stresses that the market will have to do without bank guarantees. In the future, CSRC may consider allowing multinationals to issue bonds, but China's reluctance to guarantee corporate bonds will put more weight on disclosures.

The article reports on the stability of the corporate bonds in the U.S. It notes that corporate bonds are stable, however, leveraged buyout volume and threat of the economic downturn may interrupt the credit cycle. The market condition in 2006 may carry on the present year, but recently when it was observed, the successful pattern may likely to diminish because of the falling credit quality and the rise defaults.

Deutsche Bank AG hired Basile Delaville to trade credit-default swap indexes in London, according to three people familiar with the matter. Charlie Olivier, a London-based spokesman for Deutsche Bank, declined to comment on the appointment. [Extracted from the article]

The article reports that KfW Bankengruppe has granted a 404 million dollars loan to project company Global Tech I Offshore Wind on August 29, 2011. The loan commitment is part of KfW's Eu5 billion offshore wind energy programme, which it launched at the beginning of June 2011. The complete debt package is 1.007 billion Euros.

The article reports on the appeal of Spanish and Portuguese corporate bonds to investors in January 2011 amid the credit problems facing their sovereigns. Deutsche Bank corporate syndicate head François Bleines noted that demand for corporate bonds has illustrated the openness of the market for them. The new issues have benefited from improved sentiment towards peripheral eurozone credits after successful auctions. Also noted is the role of spreads in the strength of investors' response.

The article reports that corporate benchmark bond issuance in the European market for 2006 has ended with Wal-Mart and Telefónica purchasing large well absorbed issues. The reception on the deals reflected the good tone set in the corporate market for most of the year and continued to highlight investors' appetite for credit. Very little time was wasted between announcing the deal and pricing and the bonds were priced at the tight end of the 105 basis point to 110 basis point over Gilts guidance.

The article reports on the struggle of borrowers in the Southeast Asian region to use green bond which saw a spike in Asia in 2015. Topics include the potential of more green activity due to credit enhancements and strong precedents from neighboring countries, and green bonds that may appear from the region including one by Philippine company Aboitiz Power Renewables which will take a partial credit guarantee from the Asian Development Bank.

The article focuses on the disparity between municipal and corporate credit ratings in the U.S. It is inferred that for decades, market participants have simply accepted the gap. However, some investors are calling for a way to address the issue. Other factors discussed within the municipal bond market include hedge funds, arbitrage accounts and foreign investors.

European authorities want banks to provide credit to small and medium sized enterprises through SME backed covered bonds. But they don't need the funding; they need capital. They need securitization. [ABSTRACT FROM AUTHOR]

The recent spate of bond issuance may not last long as companies have prefunded much of their needs. That will make it even harder on yield-hungry investors. [ABSTRACT FROM AUTHOR]

The article discusses European corporations which are choosing to market corporate debt and high-yield corporate bonds in the U.S. due to the impact on Europe's credit market of the financial crisis caused by the public debts of countries of the euro area monetary union. Companies considered include Belgian firm Taminco Global Chemical, cell phone services firm Polkomtel and German cable television company Kabel Deutschland.