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Exxon planning $12 billion bond sale to build war chest

2016-03-01 04:55:42| Chemicals - Topix.net

Exxon Mobil, the Irving-based oil giant at risk of losing its top-notch credit rating, is planning to raise $12 billion in its biggest bond offering as it seeks funds for future acquisitions and other business opportunities. The world's largest oil company is offering debt in eight parts at above average yields, according to a person with knowledge of the matter.

Tags: sale war planning build

ADB backs first climate bond in Asia-Pacific for renewable energy development

2016-03-01 01:00:00| Power Technology

The Asian Development Bank (ADB) is supporting issuance of the first climate bond in Asia-Pacific by providing credit-enhancement to AboitizPower's subsidiary AP Renewables in the Philippines.

Tags: development energy bond climate

Argentina ends 15-year $95bn bond fight

2016-02-29 17:58:49| BBC News | Business | UK Edition

Argentina signs an agreement with US hedge funds to settle what has been described as a "pitched battle" over its failure to repay $95bn worth of bonds.

Tags: argentina ends fight bond