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greasemonkeyshoes

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greasemonkeyshoes

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Tuesday, 08/28/2012 12:27:35 PM

Tuesday, August 28, 2012 12:27:35 PM

Post# of 7895
"Credit-default swaps on Rio jumped 15 basis points to 155 in Sydney yesterday,......Rio has $21.7 billion of bonds outstanding, including $3 billion of sold on Aug. 21, according to data compiled by Bloomberg. The debt load has increased from $14.3 billion of bonds as of June 30, 2011, the data show.
Fortescue Metals Group Ltd. (FMG), Australia’s biggest seller of junk bonds, has $7.04 billion of notes outstanding, while BHP owes $23.3 billion to bondholders......."

http://www.businessweek.com/news/2012-08-28/rio-risk-soars-to-june-high-as-iron-ore-drops-australia-credit
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