SESAC, whose clients include Adele, Bob
Dylan and Neil Diamond, is expected to price a two-part $560
million bond offering backed by music royalties and licensing
agreements on Friday, according to a source familiar with the
deal on Wednesday.
Italy's biggest retail bank
Intesa Sanpaolo has clinched a deal with U.S. hedge
fund Davidson Kempner over 10 billion euros ($11 billion) in
problem loans, moving closer to a 2021 target of cutting soured
debts to 6% of total lending.
The head of Bulgaria's
anti-corruption commission has resigned following a scandal over
purchases of luxury properties at favourable prices that has
already forced some senior ruling party's politicians to quit.
General Electric Co's oilfield
services arm, Baker Hughes, reported a
better-than-expected profit, helped by higher LNG markets
activity and a rise in international demand for oilfield
services, sending its shares up more than 5%.