Consortium Raises SMK400 Bln For SABMiller's ZamBrew - I-Net
21st Jun 2010 10:57
JOHANNESBURG (I-Net Bridge)--A consortium consisting of Absa Capital/Barclays Bank Zambia PLC, Citibank N.A. and Standard Chartered Bank Zambia PLC acted as joint bookrunners and mandated lead arrangers for the raising of 400 billion Zambian kwacha term and revolving credit facilities on behalf of Z
Read moreAbbey Hires Banks For 4-Year Euro Covered Bond
21st Jun 2010 10:52
LONDON (Dow Jones)--U.K. lender Abbey PLC, part of Banco Santander SA (STD), has hired Barclays PLC, JP Morgan Chase & Co, Natixis, and Santander to act as joint-lead managers on a four-year, euro-denominated covered bond transaction, one of the banks said Monday. The size of the deal has yet to
Read moreMARKET TALK: Stress Test Results "A Positive Catalyst"- Nomura
21st Jun 2010 09:46
0846 GMT [Dow Jones] The planned publication of the results of so-called 'stress tests' on European banks could be "a positive catalyst," to increase confidence in the sector's solvency, says Nomura, assuming the exercises make sufficiently conservative loss assumptions and are transparent enough to
Read moreNorth Rhine-Westphalia Hires Banks For 5-Year Euro Benchmark Bond
21st Jun 2010 09:42
LONDON (Dow Jones)--The German state of North Rhine-Westphalia has hired Barclays PLC, Deutsche Bank AG, Landesbank Baden-Wuerttemberg, UniCredit SpA, and WestLB AG as joint-lead managers on its planned five-year, euro-denominated, benchmark bond, one of the banks said Monday. Price guidance has
Read more3rd UPDATE: Busy Day In US Corporate Debt, Led By China News
21st Jun 2010 00:02
(Updates with final deal sizes and prices.) By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Financial service businesses, including two Asian banks, led a new wave of bond offerings by investment-grade companies on Monday, as China's decision to loosen its
Read moreJudge Holds Up AbitibiBowater Financing Over Fairfax Release
18th Jun 2010 21:58
By Eric Morath Of DOW JONES DAILY BANKRUPTCY REVIEW A bankruptcy judge on Friday refused to approve a $500 million financing deal for AbitibiBowater Inc. (ABWTQ) as long as that deal grants key investor Fairfax Financial Holdings Ltd. (FRFHF) immunity from a possible legal challenge. Judg
Read moreIADB Sells $2.5B, 5Y Bonds At Midswaps Benchmark +10 BP
18th Jun 2010 18:54
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The Inter-American Development Bank sold $2.5 billion in five-year bonds with a 2.250% semi-annual coupon at a price of 99.426 to yield 2.125%, or a spread of 10 basis points over Midswaps. The joint bookrunners were J.P. Morgan, Mor
Read morePRESS RELEASE: Fitch Ups 4, Affirms 25 Tranches Of Barclays Originated Spanish RMBS Deals
18th Jun 2010 17:07
Fitch Ratings-London/Madrid-18 June 2010: Fitch Ratings has today upgraded four and affirmed 25 tranches of AyT Genova Hipotecario, Fondo de Titulizacion Hipotecario (Genova) series and AyT Goya Hipotecario II, Fondo de Titulizacion de Activos (AyT Goya), Spanish RMBS transactions originated by Barc
Read morePRESS RELEASE: Fitch: Barclays' Mortgage Covered Bonds 'AAA'
18th Jun 2010 14:24
Fitch Ratings-London-18 June 2010: Fitch Ratings has affirmed Barclays Bank plc's (Barclays, rated 'AA-'/Stable/'F1+') outstanding EUR5.2bn issued under its mortgage covered bond programme at 'AAA'. The bonds are guaranteed by Barclays Covered Bonds LLP, a limited liability partnership incorporated
Read moreQataris Set To Buy Canary Wharf - Newspaper
18th Jun 2010 09:06
LONDON (Dow Jones)--Qatar's sovereign wealth fund is set to take over Songbird PLC (SBD.LN), the listed owner of Canary Wharf, as the Gulf state steps up its London spending spree, reports U.K. newspaper The Times Friday. The Qatar Investment Authority, which already owns Harrods and stakes in B
Read moreADR Report: Shares Rise On Late Rally, Strengthening Euro
17th Jun 2010 22:29
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher, following a late-day rally as the strengthening euro offset disappointing manufacturing and jobs reports. The Bank of New York index of ADRs edged up 0.1% to 120.93.
Read moreProgram Trading Slid Last Week On NYSE; Volume Unchanged
17th Jun 2010 18:07
DOW JONES NEWSWIRES Program trading slowed last week on the NYSE Euronext's (NYX) New York Stock exchange, while total volume was flat. The daily program trading volume average was 778.7 million shares, or 26.9% of the average total of 2.89 billion shares. Those figures were down from 810.7
Read moreSTREET MOVES: Barclays Wealth Hires Investment Reps in Atlanta
17th Jun 2010 14:36
By Thomas Coyle Of DOW JONES NEWSWIRES Barclays Wealth, the wealth management unit of London-based Barclays PLC (BCS, BARC.LN), has hired Don Milich and Clifford Wang, formerly brokers with Morgan Stanley's (MS) Private Wealth Management group, as investment representatives in Atlanta.
Read moreUK Bank Investors See Bright Side Of Financial Reform
17th Jun 2010 14:26
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bank investors and analysts Thursday saw the brighter side of U.K. government plans to radically overhaul banks' supervision and potentially restrict their activities, with major bank shares rising and analysts saying the proposals
Read moreMARKET TALK: Banks Should Feel 'Cautious Relief' On Changes
17th Jun 2010 10:44
0944 GMT [Dow Jones] Exane analyst Ian Gordon says UK banks should feel "cautiously relieved" by the tone and content of Chancellor George Osborne's speech to City executives Wednesday night, which laid out plans to fold the supervisory powers of the FSA into the Bank of England and named John Vicke
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