Spain 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
Read moreInsurer Hiscox Gets $750M 3-Year Syndicated Bank Facility
6th Jul 2010 09:46
LONDON (Dow Jones)--International specialist insurer Hiscox Ltd. (HSX.LN) Tuesday said it has agreed a $750 million syndicated three-year revolving credit and letter of credit facility. Chief Financial Officer Stuart Bridges said the "competitive" facility will support the insurer's business dev
Read moreCroatia Plans 10-Year Dollar Benchmark Bond Issue - Source
6th Jul 2010 09:30
LONDON (Dow Jones)--The Republic of Croatia is planning to issue a 10-year, dollar-denominated benchmark bond, a person familiar with the matter said Tuesday. Barclays Capital PLC, Citigroup Inc. and JPMorgan Chase & Co. are joint lead-managers on the deal. The country is rated Baa3 by Moody
Read moreSpain Euro Benchmark 2020 Bond Guidance At Swaps + 2.00 Area
6th Jul 2010 09:10
LONDON (Dow Jones)--The Kingdom of Spain has set price guidance on its 10-year, fixed rate, euro-denominated benchmark bond in the area of 200 basis points over midswaps, one of the banks running the sale said Tuesday. Barclays PLC, Deutsche Bank AG, Banco Bilbao Vizcaya Argentaria SA, Banco San
Read more2nd UPDATE: Spain Plans 10-Year Euro Benchmark Bond Issue
5th Jul 2010 17:56
(Adds background) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Kingdom of Spain is planning to issue a fixed rate, euro-denominated, syndicated benchmark bond, maturing in October 2020, one of the banks hired to run the deal said Monday. Barclays PLC, Deutsche Bank AG
Read moreSuspect Tied To K1 Fund Manager Kills Self, Prosecutors Say -FT
5th Jul 2010 17:37
DOW JONES NEWSWIRES A man arrested in connection with a probe into an alleged EUR300 million Ponzi scheme involving Germany's K1 hedge-fund group committed suicide, the Financial Times reports Monday, citing state prosecutors in the southern German city of Wuerzburg. A spokesman for the pro
Read moreSportsTicker: Two-Month Warning For NFL Credit Card Holders
5th Jul 2010 16:42
NEW YORK (AP)--The National Football League's decision to move its branded credit card business from Bank of America Corp. (BAC) to U.K.-based Barclays PLC (BCS) is forcing customers of the Charlotte, N.C., bank to scramble to spend reward points before they expire next month. On message boards,
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreUPDATE:BP Oil Spill Loan Inches Up To $9B As More Banks Join-Sources
5th Jul 2010 16:05
(Adds detail, background, comment) By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil company BP PLC's (BP) standby loan has inched up to around $9 billion as more banks join the group of lenders supporting the company against possible claims related to the oil spill in the Gul
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