CFF Sets Pricing On 15-Year Covered Bond At Swaps +0.75 Area
15th Jun 2010 10:19
LONDON (Dow Jones)--Compagnie de Financement Foncier, or CFF, the covered-bond issuing unit of French mortgage lender Credit Foncier de France SA (12081-FR), has set price guidance on its 15-year covered bond in the area of 75 basis points over mid-swaps, one of the banks running the sale said Tuesd
Read moreBanks To Sell Down SAP's Sybase Loan On Tender Close -Sources
14th Jun 2010 13:13
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Banks arranging German business software maker SAP AG's (SAP) EUR2.75 billion loan financing to back its $5.8 billion acquisition of software company Sybase Inc., are likely to sell down the debt in syndication after the tender offer c
Read moreETF INVESTOR: Copper ETFs Hit By Economic Woes, Stronger Dollar
14th Jun 2010 12:52
By John Spence A DOW JONES COLUMN Copper exchange-traded funds are deep in the red for 2010 despite recovering somewhat last week, as concerns about the global economy and a rising U.S. dollar have weighed on returns. After peaking in April, copper is on its longest slide in more than a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 10:05
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0905 GMT [Dow Jones] Exane BNP Paribas cuts Barclays (BARC.LN) price target to 380p from 400p. With extreme regulatory and po
Read moreMARKET TALK: Exane BNP Paribas Cuts Barclays Price Target
14th Jun 2010 10:05
0905 GMT [Dow Jones] Exane BNP Paribas cuts Barclays (BARC.LN) price target to 380p from 400p. With extreme regulatory and political uncertainty ahead and as clarity on these may not be forthcoming for years, Barclays is unlikely to trade at any material premium to book. Also although Barclays Capit
Read moreMARKET TALK: BOA Merrill Cuts Barclays Price Target, EPS
14th Jun 2010 08:53
0753 GMT [Dow Jones] Bank of America Merrill Lynch cuts Barclays (BARC.LN) price target to 420p from 500p. After a turbulent 2Q for investment banks and a disappointing 1H'10 for Barclays, the brokerage cuts its above-consensus '10 EPS forecast to 30.74p from 35.23p. Given the more uncertain macro a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 08:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0753 GMT [Dow Jones] Bank of America Merrill Lynch cuts Barclays (BARC.LN) price target to 420p from 500p. After a turbulent
Read moreBarCap Plans To Launch Pan-European Dark Pool Trading Platform-FT
14th Jun 2010 08:15
DOW JONES NEWSWIRES Barclays Capital, the investment banking unit of U.K.-based Barclays PLC (BCS), plans to launch a pan-European "dark pool" trading platform as it completes an 18-month drive to build an equities trading business from scratch, the Financial Times reports on its website. T
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 07:31
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0631 GMT [Dow Jones] Morgan Stanley downgrades Lloyds Banking Group (LLOY.LN) to underweight from equalweight, and cuts its t
Read moreMARKET TALK: M Stanley Cuts Lloyds Banking To Underweight
14th Jun 2010 07:31
0631 GMT [Dow Jones] Morgan Stanley downgrades Lloyds Banking Group (LLOY.LN) to underweight from equalweight, and cuts its target price to 50p from 65p. Says Lloyds faces the biggest risk among UK banks of missing consensus beyond FY'10, given pressure on net interest margin, tepid GDP growth and i
Read moreUPDATE: Indonesia Bank Panin Owner Not Seeking To Sell Panin Stake - Sources
14th Jun 2010 04:06
(Adds UBS was hired to deal with interested investors, background) By Edhi Pranasidhi OF DOW JONES NEWSWIRES JAKARTA (Dow Jones)--PT Bank Panin's (PNBN.JK) controlling shareholder Mukmin Ali Gunawan doesn't plan to sell his stake in the mid-sized bank although he has received bids from
Read moreUK Business Secretary In Bid To Split Banks - Report
13th Jun 2010 13:29
LONDON (Dow Jones)--U.K. Business Secretary Vince Cable is keen on separating retail from investment banking despite assurances from the Treasury that the prospect of such a split hasn't been concluded yet, the Sunday Telegraph reported. "The coalition agreement is quite explicit ... The purpose
Read moreJudge Delays AbitibiBowater Investment Deal For Challenge
11th Jun 2010 17:06
By Peg Brickley Of DOW JONES DAILY BANKRUPTCY REVIEW A bankruptcy judge Friday delayed a decision on newsprint producer AbitibiBowater Inc.'s (ABWTQ) proposed $500 million investment deal with leading bondholders, giving other creditors time to muster evidence to challenge the arrangement.
Read morePRESS RELEASE: Moody's Comments On The Proposed Amendments To The Cmbs Transaction The Mall Funding Plc
11th Jun 2010 16:27
The following is a press release from Moody's Investors Service: GBP 1,435 million of CMBS affected Frankfurt, June 11, 2010 -- Moody's Investors Service has commented today on the restructuring proposal as of 10 June 2010 for the The Mall Funding plc (the "Issuer") transaction. The proposal con
Read morePRESS RELEASE: Moody's Comments On The Proposed -2-
11th Jun 2010 16:27
hedged notional could lead to the Borrower being partially unhedged during the extended term of the Loan; - Moody's will have to assess in more detail whether the restructuring and anticipated disposals could result in negative selection over time in order to accomplish the sales and Loan amount ta
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