Bankrupt NBA Gives Bondholders Relief

Shields, Yvette
January 2005
Bond Buyer;1/7/2005, Vol. 351 Issue 32045, p4
Trade Publication
The article reports that investors and banks who hold bankrupt National Benevolent Association's (NBA) $216 million of tax-exempt bonds would recover nearly their full investment under a reorganization plan proposed by the St. Louis-based not-for-profit organization and its creditors. The proposed plan calls for bondholders to receive 100% of the principal amount of their holdings and all interest accrued prior to NBA's Chapter 11 filing in February of last year. Interest accruing after the bankruptcy filing date will be paid at a rate of 2.17% if the reorganization takes effect by the target date of February 28.


Related Articles

  • Cazenove's McDonald: Why it is foolish to invest aggressively now. McDonald, Robin // Money Marketing (Online Edition);1/24/2013, p44 

    In this article the author discusses the risk involved in making different types of investments. According to the author, profits margins are at historic extremes, and corporate bond yields are at historic lows, making the investors pessimistic. The author says that investors are highly aware of...

  • Food for thought. Tora, Brian // Money Marketing;1/17/2008, p24 

    The author relates his views on the effects of inflation on companies which went for the safer havens of bonds and cash in Great Britain. The author comments that people fear of the increase in prices of non-discretionary items such food, fuel and energy. He believes that investors are going to...

  • MARR'S MARKETS: A passage on India.  // Design Week (Online Edition);5/26/2011, p47 

    The article provides information on various issues that relates to investments prospective in India. It mentions requirement of investor's to provide diversification in markets through funds offering with low correlation to the interest rate cycle and protection against market volatility. It...

  • 'Conservative' investments may defy the usual tack. Skarbeck, Ken // Indianapolis Business Journal;12/6/2004, Vol. 25 Issue 39, p32 

    Discusses the type of investments which would qualify as the more conservative. Diversified portfolio of blue chip stocks; Purchasing of the bonds of a bankrupt company; Effect of conservative investments on investors; Relation of the act of being conservative to a number of widely promoted...

  • The eagle eyes Asian prey. Hirsh, Michael; Stanmeyer, Anastasia; Lee, B. J.; Takayama, Hideko; Ford, Maggie // Bulletin with Newsweek;02/17/98, Vol. 117 Issue 6110, p64 

    Reports on how Sandy Weill, among other Western investors, is looking at Asia as a bargain investment opportunity during a period of stability in their financial crisis of 1998. Impact of decades of economic xenophobia; Foreign firms finding few deals in the Japanese real estate market;...

  • Las referencias del inversor cuando no hay referencias. ROSSI, MARCELO // IEEM Revista de Negocios;jun2015, p74 

    No abstract available.

  • Delayed Pain. Fugazy, Danielle // Mergers & Acquisitions: The Dealermaker's Journal;Jan2010, Vol. 45 Issue 1, p20 

    The article focuses on the condition of the investors in the current market situations. It mentions that the current market situation is not very favorable for the investors, which is opposite to the reports from Poor's Ratings Services that mentioned about the rise in inflow of opportunities....

  • NBA Investors Expect to Recoup Holdings as Soon as Next Week. Shields, Yvette // Bond Buyer;4/15/2005, Vol. 352 Issue 32112, p1 

    Reports on the expectation of National Benevolent Association investors to recoup holdings in Chicago, Illinois. Factor influencing the postponement in the effective date of the reorganization plan of the nonprofit organization; Delay in the repayment of the bonds; Approval of the closing on the...

  • Shifting foundations. AGOVINO, THERESA // Crain's New York Business;10/20/2014, Vol. 30 Issue 42, p0015 

    The article offers the author's view on the move of the State of New York to introduce a social-impact bond which will pay investors if they met certain targets. The author states that the move of the state stems from factors and the realization that government and nonprofit organizations cannot...


Read the Article


Sign out of this library

Other Topics