FTSE 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
Read moreBarclays In Talks With Chinese Fund Companies On Fixed-Income ETFs
5th Jul 2010 12:31
SHANGHAI (Dow Jones)--Barclays Capital, the investment bank owned by Barclays PLC (BCS), is in talks with several Chinese mutual-fund companies that are considering launching exchange-traded funds investing in foreign fixed-income products using Barclays' fixed income indexes as their benchmark, a B
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreCredit Agricole To Price 15-Year Covered Bond At Swaps +0.77
5th Jul 2010 11:54
LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark, covered bond at 77 basis points over midswaps, one of the banks running the sale said Monday. This is in line with initial guidance set between 75 and 78 basis points o
Read moreCredit Agricole Plans 15-Year Euro Benchmark Covered Bond
5th Jul 2010 09:42
LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark-sized covered bond at 75 to 78 basis points over midswaps, one of the banks running the sale said Monday. Barclays PLC, Credit Agricole CIB, Landesbank Baden-Wuerttember
Read moreMARKET TALK: Bernstein Parses June Business, Euro Debt To Banks
5th Jul 2010 09:40
0840 GMT [Dow Jones]--The month of June didn't result in brisk business for investment banks, albeit better than in May, says Bernstein Research. However, analyst Dirk Hoffmann-Becking says investing in European banks still ultimately boils down to how the euro debt crisis is resolved, as opposed to
Read moreBarclays Extends Acceptance Period For Tricorona offer
5th Jul 2010 07:58
DOW JONES NEWSWIRES Barclays said Monday its subsidiary TAV has received acceptances for 118,818,050 (81%) shares in Tricorona. Accordingly, the condition to become the owner of at least 90% of the total number of shares in Tricorona has not been satisfied, although all other conditions have bee
Read moreNordenia Prices EUR280M 2017 Bond At 98.7567, To Yield 10%
2nd Jul 2010 16:06
LONDON (Dow Jones)--German packaging company Nordenia Holdings GmbH has priced its EUR280 million, 2017, high-yield bond through Deutsche Bank AG and Barclays Capital, one of the banks said Friday. The proceeds of the bond will be used to pay down existing debt and fund a dividend for its owner,
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
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