Insurer 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
Read moreFTSE 100 movers: Cash injection rumour boosts BP
5th Jul 2010 15:21
BP is strong 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 of Mexico disaster. The cost of the clean-up exceeds $3bn. Educational publisher Pearson has benefited from Royal Ba
Read moreCredit Agricole Prices EUR1.25B 4% 2025 Covered Bond At 99.967
5th Jul 2010 14:53
LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has priced its EUR1.25 billion, 15-year, covered bond at 77 basis points over midswaps, one of the banks running the sale said Monday. Barclays PLC, Credit Agricole CIB, Landesbank Baden-Wuerttemberg, WestLB AG and UBS AG were lead mana
Read moreCORRECT: Spain Plans 10-Year Euro Benchmark Bond Issue
5th Jul 2010 14:37
("=UPDATE: Spain Plans 10-Year Euro Benchmark Bond Issue," at 1331 GMT, misstated the name of the borrower in the first paragraph. The correct version follows:) (Adds details) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Kingdom of Spain is planning to issue a fixed r
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip 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 disaster. The cost
Read moreSpain Plans 10-Year Euro Benchmark Bond Issue
5th Jul 2010 14:09
LONDON (Dow Jones)--The Republic 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, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Credit A
Read moreUPDATE: Credit Agricole To Price 15Y Covered Bond, Swaps +0.77
5th Jul 2010 13:49
(Adds bond size.) By Art Patnaude and Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated covered bond at 77 basis points over mid-swaps, one of the banks running the sale said Monday. T
Read moreUPDATE: NAB Plans 10-Yr Euro Benchmark Bond At Swaps +1.25 Area
5th Jul 2010 12:48
(Adds deatils) By Art Patnaude and Mark Brown Of Dow Jones Newswires LONDON (Dow Jones)--National Australia Bank Ltd. (NAB) is planning a 10-year, euro-denominated, benchmark-sized bond, and has set price guidance around 125 basis points over mid-swaps, a bank running the deal said Mon
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