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Govt mulls Rs 75,000 cr refinance window


Thu, 20 Nov 2008 23:29:03 -0700
The government and Reserve Bank of India (RBI) are working on opening a massive Rs 75,000 crore refinance window to provide concessional funds for infrastructure, housing and small and medium enterprises (SMEs) by partly leveraging the country’s foreign exchange reserves.
http://www.business-standard.com/india/news/govt-mulls-rs-75...
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New refinance window soon


Thu, 20 Nov 2008 10:38:56 -0700
COMMENT ON THIS ! Your Views! The government and monetary authorities are planning to allow a special refinance window for banks and financial institutions to lend to credit-starved infrastructure companies, small and medium enterprises and housing projects.
http://www.hindustantimes.com/Redir.aspx?ID=c24eadc9-2190-45...
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Capmark Finance Originates $23,425,000 for Refinance of Autumn Chase Apartments


Thu, 20 Nov 2008 11:50:00 -0700
Capmark Finance Inc. originated $23,425,000 in floating-rate debt through its Freddie Mac Capped ARM program for the refinance of Autumn Chase Apartments, a multifamily property in Ellington, Conn.
http://news.yahoo.com/s/prweb/20081120/bs_prweb/prweb1648164...
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Brazil to Refinance 500 Million Reais in Farm Debt (Update1)


Wed, 19 Nov 2008 09:50:36 -0700
Nov. 19 (Bloomberg) -- Brazil’s national development bank plans to lend as much as 500 million reais ($212 million) to help farmers refinance debt.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aoFKbzng...
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RBI asks banks to seek refinance credit to fund small units


Wed, 19 Nov 2008 08:46:39 -0700
The Reserve Bank of India (RBI) has asked banks to avail of refinance facility it provides to extend credit support to micro and small enterprises.
http://www.business-standard.com/india/news/rbi-asks-banks-t...
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RBI asks banks to seek refinance credit to fund small units


Wed, 19 Nov 2008 07:38:13 -0700
The Reserve Bank has asked banks to avail of refinance facility it provides to extend credit support to micro and small enterprises.
http://economictimes.indiatimes.com/News/Economy/RBI_asks_ba...
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General Growth confirms it has hired law firm


Thu, 20 Nov 2008 10:42:15 -0700
Troubled mall owner General Growth Properties Inc. confirmed it has hired a law firm to advise the company as it struggles to refinance debt.
http://biz.yahoo.com/ap/081120/general_growth_mover.html?.v=...
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BSkyB to raise $600m in bond issue


Thu, 20 Nov 2008 20:20:29 -0700
British Sky Broadcasting plans to raise $600m in a bond issue to institutional investors in order to refinance its debt pile and boost its firepower for acquisitions.
http://uk.biz.yahoo.com/21112008/399/bskyb-raise-600m-bond-i...
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Movers roundup: General Growth Properties, Akamai


Thu, 20 Nov 2008 08:32:24 -0700
Shares of troubled mall owner General Growth Properties Inc. fell Thursday after The Wall Street Journal reported the company has hired bankruptcy attorneys as it struggles to refinance debt.
http://biz.yahoo.com/ap/081120/movers_roundup_general_growth...
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BSkyB to raise $600 million in bond issue to refinance debt, make aquisitions


Tue, 18 Nov 2008 05:24:49 -0700
LONDON - Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses.
http://www.startribune.com/business/34636134.html
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Mason County Eastern may refinance bonds


Wed, 19 Nov 2008 22:03:56 -0700
CUSTER — Mason County Eastern may save money by refinancing the bonds it sold to pay for construction of its high school in 1995 and for renovations and additions to its elementary school in 1999.
http://www.ludingtondailynews.com/news.php?story_id=42433
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Severstal negotiating VEB loan to refinance Eurobonds (Part 2)


Tue, 18 Nov 2008 02:56:10 -0700
LONDON. Nov 18 (Interfax) - Severstal (RTS: CHMF) is discussing a loan with Russian Bank for Development and Foreign Economic Affairs (Vnesheconombank, VEB) to refinance $325 million in Eurobonds, Sergei Kuznetsov, the company's chief financial officer, said during a conference call.
http://www.interfax.com/3/447104/news.aspx
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Severstal negotiating VEB loan to refinance Eurobonds


Tue, 18 Nov 2008 02:11:15 -0700
LONDON. Nov 18 (Interfax) - Severstal (RTS: CHMF) is discussing a loan with Russian Bank for Development and Foreign Economic Affairs (Vnesheconombank, VEB) to refinance $325 million in Eurobonds, Sergei Kuznetsov, the company's deputy general director for finances and economics, said during a conference call.
http://www.interfax.com/3/447079/news.aspx
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City council to issue new debt


Thu, 20 Nov 2008 14:28:13 -0700
The Robstown City Council is moving forward with a plan to refinance existing bond debt and pass additional certificates of obligation to fund more than $6.5 million in projects and purchases for the city.
http://www.recordstar.com/articles/2008/11/20/local_news/loc...
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GMAC applies to become bank holding company, qualify for federal aid


Thu, 20 Nov 2008 05:54:56 -0700
This firm entered into unfamiliar business, home refinance consolidation loans, retail department store inventory financing,home financing, … read more and they entered at a time that homeowners and department stores were already in trouble. What were they thinking.
http://www.startribune.com/business/34799379.html
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General Growth hires bankruptcy lawyers


Thu, 20 Nov 2008 13:02:28 -0700
General Growth Properties Inc., owner of several Las Vegas malls and developer of the massive Summerlin planned community, today confirmed it has hired bankruptcy attorneys to advise the company as it struggles to refinance debt.
http://www.lasvegassun.com/news/2008/nov/20/general-growth-h...
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Conference puts focus on foreclosure amid calls for feds to refinance mortgages


Wed, 19 Nov 2008 16:49:49 -0700
In the last three months, the meltdown of Wall Street institutions and Congress’ $700 billion bank bailout package have knocked the subprime mortgage and foreclosure crisis off the front pages of newspapers nationwide.
http://www.mddailyrecord.com/article.cfm?id=9112&type=UTTM
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Home-loan applications at lowest level since 2000


Thu, 20 Nov 2008 04:06:12 -0700
APPLICATIONS TO REFINANCE accounted for 49.9% of home mortgage filings last week, up from 45.1% in the week ended Nov. 7 and 42.9% of applications in the week ended Oct. 31 the MBA found.
http://www.pbn.com/stories/36399.htm
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European companies are likely to struggle to refinance the more than €110bn ($139bn) of debt they must repay over the ...


Tue, 18 Nov 2008 06:43:20 -0700
European companies are likely to struggle to refinance the more than €110bn ($139bn) of debt they must repay over the next two years as the outlook for the capital markets remains “abject”, a new report has said.
http://www.efinancialnews.com/homepage/content/3452517790
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Lake Zurich may refinace $16 million in TIF debt


Thu, 20 Nov 2008 03:58:30 -0700
Much like refinancing a mortgage on a house, Lake Zurich village officials are hoping to refinance about $16 million of tax-increment financing debt.
http://www.pioneerlocal.com/lakezurich/news/1289347,lz-villa...
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U.S. MBA’s Mortgage Applications Index Decreased 6.2% Last Week


Wed, 19 Nov 2008 07:32:19 -0700
Nov. 19 (Bloomberg) -- Mortgage applications in the U.S. dropped last week as demand for home-purchase financing slumped to an almost eight-year low. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan fell 6.2 percent to 398.6 for the week ended Nov. 14, from 425 the prior week.
http://www.bloomberg.com/apps/news?pid=20601213&sid=atH4rE.q...
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To the Rescue


Thu, 20 Nov 2008 15:48:04 -0700
Lend America aims to make money on a government program that helps underwater borrowers and banks shed bad mortgages.
http://www.forbes.com/entrepreneurs/forbes/2008/1208/070.htm...
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Arlington advised to change new stadium bonds


Wed, 19 Nov 2008 17:04:44 -0700
Arlington might scale back plans to refinance $164 million worth of Dallas Cowboys stadium bonds after not finding buyers at a reasonable rate.
http://www.dallasnews.com/sharedcontent/dws/news/city/arling...
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Color of Money Book Club


Thu, 20 Nov 2008 14:36:35 -0700
Personal finance columnist Michelle Singletary hosted an online discussion with author Laurence Shatkin and editor Sue Pines, the brains behind "150 Recession-Proof Jobs," on Thursday, Nov. 20 at Noon ET.
http://www.washingtonpost.com/wp-dyn/content/discussion/2008...
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Mortgage application volume falls 6.2 pct


Wed, 19 Nov 2008 16:03:14 -0700
Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index slipped to 398.6 during the week, down from 425 a week earlier. Refinance volume decreased 2.6 percent, while purchase volume declined 12.6 percent during the week. Refinance volume accounted for 49.9 ...
http://www.kentucky.com/473/story/597983.html
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De-Leverage Your Wallet


Thu, 20 Nov 2008 10:41:05 -0700
There are plenty of lessons to be gleaned from our current economic turmoil. One of the most important ones is so simple that evidently all the Wall Street suits thought it beneath them. The silly little rule they ignored? Leverage is bad. In other words, borrowing money to buy stuff you can't afford doesn't always work out so well.
http://news.yahoo.com/s/fool/20081120/bs_fool_fool/rx9944
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Dems to Detroit: No Bankruptcy


Thu, 20 Nov 2008 19:28:47 -0700

http://www.businessweek.com/lifestyle/content/nov2008/bw2008...
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Arlington, Texas, Considers $185 Million Cowboys Stadium Bonds


Tue, 18 Nov 2008 21:36:05 -0700
Nov. 18 (Bloomberg) -- Arlington, Texas's city council is considering borrowing up to $185 million to refinance bonds sold to build the Dallas Cowboys a new stadium.
http://www.bloomberg.com/apps/news?pid=20601015&sid=ar6mngwC...
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The Trouble With Flexible Financing


Thu, 20 Nov 2008 04:23:03 -0700
A financial trick named after the world’s most grating musical instrument can’t be good, says Breakingviews. So it is, the publication argues, with the so-called accordion feature, an option that lets companies increase their lines of credit with lenders.
http://dealbook.blogs.nytimes.com/2008/11/20/the-trouble-wit...
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Teck Drops to Lowest in 20 Years After Dividend Cut (Update2)


Thu, 20 Nov 2008 14:44:15 -0700
Nov. 20 (Bloomberg) -- Teck Cominco Ltd. , Canada's largest diversified miner, dropped to the lowest price in 20 years after announcing it would halt dividends and cut spending to repay debt from last month's purchase of Fording Canadian Coal Trust.
http://www.bloomberg.com/apps/news?pid=20601082&sid=abS36C4L...

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