Late last year,two young men decided to live a month of their lives on the income of an average poor Indian. One of them, Tushar, the son of a police officer in Haryana, studied at the University of Pennsylvania & worked for 3 years as an investment banker in the US and Singapore

The World Bank raised $50 million through a bond structure it describes as unique and free from greenwashing — a growing concern among investors — and said it is lining up more of these deals for later this year Caleb Mutua bloomberg.com/news/articles/…

Banks are formally trying to finally sell the ~$4 billion of second-lien debt left from the Citrix buyout, at around a 14% yield. By Jill R. Shah Michael Tobin Gowri Gurumurthy Olivia Raimonde bloomberg.com/news/articles/…

Some of the world’s top private equity firms are scooping up the debt of their own portfolio companies from banks at steep discounts as they seek juicy returns amid a lull in deal making. W/ claire ruckin, and editors Rheaa Rao @BorisKorby bloomberg.com/news/articles/… #privateequity

Private equity firm Platinum Equity is in discussions with lenders about potential changes to sweeten a $1.1b bond-and-loan deal that would refinance near-term debt at its prison phone and tablet company Aventiv Technologies. By me Jeannine Amodeo Gowri Gurumurthy bloomberg.com/news/articles/…

Happy birthday to Ruskin Bond, one of my favorite authors whose words remind us of the simple pleasures of life in India amp.scroll.in/article/104898…

Wall Street think there's little chance of inflation getting back to 2% any time soon. Here's why -- and how some are investing for the new reality Emily Graffeo Alexandra Semenova bloomberg.com/news/articles/…

Wall Street banks can breathe a sigh of relief. Tegna terminated its proposed LBO by Standard General after failing to win regulatory approval. The banks are no longer obligated to fund around $8.2b of debt they had promised. By Lisa Lee Jill R. Shah bloomberg.com/news/articles/…

I’m thrilled to be a 2023 Maynard Fellow in the frontline editors and managers cohort!

I had an illuminating week with a group of talented and generous editors! And we survived the scorching Texas heat! #Maynard200

Investors with $250,000 or more to spend on municipal bonds are increasingly seeking opportunities to pick and choose what goes into their portfolios bloomberg.com/news/articles/… Amanda Albright

A surge in enrollment and donations at #HBUCs is leading to credit upgrades, potentially reducing borrowing costs from a bond market that has long discriminated against them bloomberg.com/news/articles/… via Bloomberg Equality

Wall Street is so convinced that the Fed’s restrictive policies are nearing an end that money managers are already trading as if rate hikes were a thing of the past. But investors have been burned before by wrong-way bets about the central bank’s path

Prison phone and tablet company Aventiv, the parent company of brands including Securus and JPay, reported an improvement in quarterly earnings as the firm struggles to refinance its upcoming maturities. By Michael Tobin and me bloomberg.com/news/articles/… #securus

Shan Hanes ran Elkhart’s Heartland Tri-State Bank. When he asked to borrow a hefty sum from a wealthy farmer, it was the beginning of the end. Really fabulous piece of journalism from our Kansas correspondent Amanda Albright bloomberg.com/news/articles/…

A small number of participants are dominating the world of DeFi as the crypto sector still hasn’t recovered from FTX’s collapse a year ago bloomberg.com/news/articles/… via Bloomberg Crypto Muyao @muyaoshen.bsky.social Rheaa Rao

Betting billions on the Chevron-Hess deal has taken hedge funds on a roller-coaster ride. But they’re still sticking with their wagers! Why? Read on.

After booming in the anything-goes pandemic era, thematic funds are struggling. Investors have already yanked nearly $4 billion so far this year, after withdrawing $4.6 billion, BI data show. Edited by Rheaa Rao bloomberg.com/news/articles/…