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UPDATE 1-Market Chatter-Corporate finance press digest
October 31, 2013 / 6:06 AM / 4 years ago

UPDATE 1-Market Chatter-Corporate finance press digest

Oct 30 (Reuters) - The following corporate finance-related stories were reported by media:

* Australia’s Nine Entertainment Co Pty Ltd is seeking to raise as much as $570 million in an initial public offering, a person familiar with the process said, a move that will help the troubled TV network pay down debt.

* Energy Future Holdings (EFH), the embattled Texas power generator, is planning to make a $270 million interest payment due on Friday, according to a person familiar with the matter.

* JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer.

* Barrick Gold, which is attempting to reduce its debt load, is considering a wide range of options from a strategic equity investment to further streaming deals that yield upfront cash, according to several sources familiar with the situation.

* US Airways Group and American Airlines are considering giving up takeoff and landing slots at Washington’s Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said.

* China’s Bank of Chongqing Co Ltd has priced its Hong Kong initial public offering (IPO) at HK$6.00 per share, slightly below the mid-point of a marketing range, people familiar with the matter said on Thursday, putting the deal value at HK$4.25 billion ($548 million).

* OGX Petróleo e Gas Participações <SA OGXP3.SA>, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America’s largest-ever corporate bankruptcy filing, a source with direct knowledge of the situation told Reuters.

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