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The article reports on the impact of the European sovereign debt crisis on the U.S. corporate bond market from 2009 to 2011. It shows that interest rates on U.S. corporate bonds have been affected by corporate bond market shocks originating in Europe. It estimates contagion coefficients of around 0.44 to 0.85, which means that a one percentage point increase in European corporate bond spreads translated on average to a 0.44 to 0.85 percentage point increase in corporate bond spreads in the U.S.

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 presents a forecast of the corporate bond market in China as of March 2007. The country's bond market is very small, contributing only 27 percent of gross domestic product (GDP). The reason behind the small bond market is due to the small number of institutional investors interested in purchasing corporate bonds and to the lack of incentives for firms issuing bonds.

The article reports that the television broadcasting company Ion Media Networks has filed for bankruptcy. Chief Executive Officer (CEO) Brandon Burgess said the company had reached an agreement with its bondholders which would make bankruptcy reorganization easier. Ion is a television network which primarily presents rerun television programs.

The article focuses on the satellite radio broadcasting company Sirius XM Radio. The company is heavily indebted in large part due to the expense of hiring well-known radio personalities such as Howard Stern. Chief Executive Officer Mel Karmazin must find a new source of capital before $175 million in bonds come due on February 17, 2009 or be forced to declare bankruptcy.

The article reports on the meetings to be held by China Medical Technologies with investors on September 23 and 24, 2010 in London, England and the U.S. to discuss its proposed sale of 200 million dollars worth of five- and seven-year bonds, according to Bloomberg News.

The article reports on Vietnamese company Vincom's sale of convertible bonds on the international market for the first time. The transaction was characterized by support from the government, regulatory flexibility and a high level of disclosure. The property company's bond issue was valued at 100 million U.S. dollars and is considered the first international bond from Vietnam since a sovereign bond issue in 2005.

The article focuses on statements issued by the Hong Kong Securities and Futures Commission (SFC) in defense over accusations of a failure to monitor banks selling Lehman Brothers-linked minibonds. investors filed complaints of being misled over the risk of these minibonds, following the bankruptcy of Lehman. According to SFC chief executive Martin Wheatley, investors should have examined what they were purchasing.

The article offers information on new rules from China's Securities Regulatory Commission (CSRC), which will allow shareholders of listed companies in China to issue exchangeable bonds. Issued on October 17, 2008, the rules stated that shareholders need to have net assets of at least 3 million Chinese yuan in order to qualify for exchangeable bond issuance. Zhang Xin of Global Law Offices, non-controlling shareholders are not discriminated under the rules.

The article reports the issuance of corporate bonds by Yuanxing Natural Alkali Co. Ltd. in Inner Mongolia, China. The board of directors of the company agreed to issue bonds to finance its gas chemical business and to purchase an 11.24 percent interest in Sulige Natural Gas Chemical Co. Ltd. as well as for capital increase in targeting acquired company. A forecast states that the acquisition will strengthen Yuanxing's presence in natural gas chemical business.

The article reports that PetroChina Co. Ltd. has agreed to issue up to RMB60 billion domestic corporate bonds for the Second West-East Gas Pipeline and the working capital. The company started construction of the second west-east natural gas transmission pipeline in February 2008. The pipeline will connect with the Central Asia Gas Pipeline and will have a transmission capacity of 30 billion cubic meters per year for 30 years.

The article reports on the issuance of a 500 million renminbi worth of corporate bonds by Inner Mongolia Nailun Group Inc. These raised funds will be used in a large coal chemical project of 300,000 ton per annum ammonia and 520,000 ton per annum urea. This facility is located in Dalu Industry Park of Zenger Banner, Erdos of Inner Mongolia, China. The State Environmental Protection Administration approved the environmental impact assessment of the project in July 2007.

The article reports on the plan of PetroChina Co. Ltd. in China to issue up to 60 billion Renminbi of the Domestic Corporate Bonds to its shareholders. The proceeds of the bond shall be used to satisfy the demand for mid-term and long-term capital requirements of the company, further improve its debt structure, supplement the working capital, and investment in projects.

The article offers information on First Gen Corporation's issue of 300 million U.S. dollars worth of five-year convertible bonds wherein Paul, Hastings, Janofsky & Walker served as international counsel. The transaction was initially at 225 million U.S. dollars but was raised after the manager's over-allotment option was exercised. According to Robert Panlilio, senior country manager of JP Morgan Chase Bank, the transaction was oversubscribed and closed within two hours of its launch.

The article reports that the board of directors of China Petroleum & Chemical Corp. has agreed the issuance of convertible bonds with detachable warrants and the issuance of domestic corporate bonds. It intends to issue up to 30 billion renminbi convertible bonds with detachable warrants to institutional investors and the public investors. The proposals are subject to approval by the Extraordinary General Meeting of the company and relevant authorities to be held on November 15, 2007.