Navigation

Pimco Seeks as Much as $5 Billion for Distressed Debt

Search

2008-08-27bloomberg.com

"Pacific Investment Management Co., the biggest manager of bond funds, is seeking as much as $5 billion to buy mortgage-backed debt that plunged in value after the subprime market collapsed, according to two investors with knowledge of the matter."


Comments: Be the first to add a comment

add a comment | go to forum thread




Mortgages Blog DirectoryFinance blogs Mortgage Lender Implodes and News Finance Blogs - Blog Catalog Blog Directory