BNG To Price EUR2 Billion Five-Year Bond At Swaps +0.18
7th Jul 2010 11:26
LONDON (Dow Jones)--Dutch Public-Sector Agency BNG has set price guidance on its EUR2 billion, five-year bond at 18 basis points over midswaps, a bank running the sale said Wednesday. Barclays Capital PLC, Credit Suisse Group, Deutsche Bank AG and JPMorgan Chase & Co. are lead managers on the de
Read moreCredit Suisse Hires New Head Of Asia Loan Syndication From Barclays
7th Jul 2010 11:05
HONG KONG (Dow Jones)--Credit Suisse Group (CS) said Wednesday it hired Justin Crane, the former head of loan syndication for the Asia-Pacific region at Barclays Capital, as its head of loan syndication for Asia excluding Japan. Crane, who will continue to be based in Singapore, replaces Amit Kh
Read moreThames Water Utilities Plans To Issue Sterling Class B Bonds
7th Jul 2010 10:26
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited is planning to issue sterling-denominated, Class B bonds via bookrunners Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, a bank running the sale said Wednesday. The issue will be launched under the te
Read moreBarclays Plans 10-Year Lower Tier-2 Euro Bond Issue
7th Jul 2010 09:59
LONDON (Dow Jones)--Barclays Bank PLC (BCS) is planning a 10-year, lower tier-two, euro-denominated bond issue, a syndicate official at the bank said Wednesday. Barclays is the sole lead manager on the deal. The issuer is rated Aa3 by Moody's Investors Service, and AA- by both Standard & Poo
Read moreSpain Sold 66% Of EUR6 Billion 10-Year Bond To Foreign Buyers
7th Jul 2010 08:23
LONDON (Dow Jones)--Spain sold 34% of its EUR6 billion, 10-year syndicated bond to Spanish investors, and the remainder to non-domestic accounts, data from the Spanish State Treasury showed Wednesday. Just over 20% of the bonds were bought by investors from the U.K., a little over 13% went to As
Read moreKfW Hires Banks For Three-Year Dollar Bond
7th Jul 2010 08:21
LONDON (Dow Jones)--German development bank KfW, guaranteed by the Federal Republic of Germany, has mandated Barclays PLC, Morgan Stanley and Royal Bank of Scotland Group PLC as joint bookrunners of its three-year, global dollar bond issue, a spokeswoman said Wednesday. The issue, maturing July
Read moreSTREET MOVES:Barclays Adds Wiele To Head Securitization Syndicate
6th Jul 2010 17:15
By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Barclays PLC's (BCS, BARC.LN) Barclays Capital has hired Brian Wiele as managing director and head of securitization syndicate, Americas. Wiele previously had been head of U.S. asset-backed securities new-issue syndicate
Read moreCroatia $1.25 Billion 10-Year Bond Issue To Yield 6.75%
6th Jul 2010 17:12
LONDON (Dow Jones)--The Republic of Croatia has launched its $1.25 billion, 10-year bond, which is set to yield 6.75%, one of the banks running the sale said Tuesday. This is in line with initial guidance for a yield in the area of 6.75%. Barclays Capital, Citigroup Inc. and JPMorgan Chase &
Read moreSpain Prices EUR6 Billion 4.85% 2020 Bond At 99.833
6th Jul 2010 17:00
LONDON (Dow Jones)--The Kingdom of Spain has priced its EUR6 billion, 2020, fixed-rate bond at 195 basis points over midswaps, a bank running the sale said Tuesday. Barclays PLC, Deutsche Bank AG, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Credit Agricole SA and Caja de Madrid were
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read moreFinancial News: BarCap Spin-Off 'Would Create Holder Value'
6th Jul 2010 13:33
By Dominic Elliott Of FINANCIAL NEWS Barclays (BCS) "is evaluating" hiving off its investment bank and wealth management operations into a separate entity to unlock shareholder value, according to research by Italy's Mediobanca, which initiated coverage of the U.K. bank today with an "outper
Read more2nd UPDATE: Spain To Price 2020 Syndicated Bond At Swaps +1.95
6th Jul 2010 12:17
(Adds details) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Kingdom of Spain will price its 10-year, fixed rate, euro-denominated benchmark bond at 195 basis points over mid-swaps, a bank running the sale said Tuesday. Pricing will be at the tight end of initial gui
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreUPDATE: Spain Sets 2020 Bond Guidance At Swaps + 2.00 Area
6th Jul 2010 10:42
(Adds background, comment) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Kingdom of Spain has set price guidance on its 10-year, fixed rate, euro-denominated benchmark bond, around 200 basis points over midswaps, a bank running the sale said Tuesday. While concerns o
Read moreMARKET TALK: Exane Upgrades Royal Bank of Scotland To Neutral
6th Jul 2010 10:15
0915 GMT [Dow Jones] Exane BNP Paribas upgrades Royal Bank of Scotland (RBS.LN) to neutral from underperform. The share price has now corrected and Exane BNP sees signs of incremental stability and progress. Further sustained underperformance is less likely and the risk/reward now looks balanced, sa
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