Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash.
The United Arab Emirates federal government is expected to raise between $3 billion and $3.5 billion from its debut bond sale, which will comprise three tranches denominated in U.S. dollars, two sources close to the deal said on Monday.
By Reuters Staff
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FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs
BERKELEY, Calif. (Reuters) -A firm led by high-profile investor Michael Burry on Monday revealed a short position against Tesla Inc worth more than half a billion.
Family office Scion Asset Management said in a regulatory filing that it has bearish put options of 800,100 shares of Tesla or $534 million by the end of the first quarter.
Tesla shares have fallen 13.7% since the end of the quarter as many hedge fund managers have raised concerns about money flooding into the popular stock.
By Reuters Staff
1 Min Read
May 5 (Reuters) - The U.S. Treasury Department said on Wednesday it will keep its coupon issuance steady over the coming quarter, and that declines in outstanding Treasury bills should slow.
The Treasury said it will sell $58 billion in three-year notes next week as well as $41 billion in 10-year notes and $27 billion in 30-year bonds, unchanged from last quarter. Any shifts in borrowing needs will be met with changes in its issuance of Treasury bills and cash management bills, it added.
The Treasury also said it expects Congress to raise or suspend the U.S. debt limit in a timely manner, and that it may take certain extraordinary measures if Congress does not.