Wall Street Journal's "A Commercial-Paper Hit Close to KKR"

Aug 16 07

Wall Street Journal's "A Commercial-Paper Hit Close to KKR" The WSJ says that a "KKR real-estate affiliate sought to delay repayment of $5 billion in short-term debt held by about 15 investors, including some money-market funds ... The KKR payment extension is the latest bomb to rock the market for short-term commercial paper, where three other issuers extended repayments last week." It adds, "The repayment delay doesn't appear to pose an immediate threat to the money-market funds that hold the paper, said Peter Crane, a money-fund expert in Westborough, Mass."

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