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...The transaction was the single largest sale of such distressed assets in India....
...Portfolio manager Robert O’Leary and performing credit head Armen Panossian will succeed him as co-chief executives....
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...Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...The sale generated a loss of about $675mn for the banks....
...(Lawyers for O’Sullivan said they were unable to respond because they hadn’t been instructed to do so.)...
...And while high-yield bond sales are up, investors warn the market is all but closed for lower-rated groups....
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