<< Read Full Article
<< Read Full Article
KKR Financial Holdings (KFN Quote) reached an agreement with the holders of some of its short-term paper to turn over the collateral backing the notes, a deal that will terminate the securities without a default.
The secured liquidity notes were issued by two asset-backed conduits sponsored by KKR Financial's REIT subsidiary.
All of the triple-A-rated residential mortgage-backed securities funding the secured liquidity notes have been returned to the noteholders. About $3.5 billion of the notes and related mortgage-backed securities will be removed from KKR Financial's balance sheet. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet