Schneider Electric Sets Size, Guidance On 2-Part Bond
9th Jul 2010 10:10
LONDON (Dow Jones)--French electrical equipment maker Schneider Electric SA (SU.FR) has set size and price guidance on its new six- and 10-year bond issues, one of the banks leading the deal said Friday. The EUR300 million six-year portion of the deal will price in the region of 73 basis points
Read moreHSBC CEO: Need To Be In Africa In A Bigger Way
9th Jul 2010 09:55
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) Chief Executive Michael Geoghegan said Friday that his bank's operations in Africa need to have a "bigger format". In a speech in London, Geoghegan, who is based in Hong Kong, also said he sees South
Read moreUPDATE: HSBC Plans 10-Year Euro Benchmark Bond
9th Jul 2010 09:30
(Adds detail, comment) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) plans to issue a 10-year, euro-denominated, benchmark bond, in a self-led transaction, a syndicate official at the bank said Friday. HSBC is rated Aa2 by Moody's Investors Service,
Read moreSchneider Electric Plans Two-Part Bond Issue, Tender Offer
9th Jul 2010 08:53
LONDON (Dow Jones)--French electrical equipment maker Schneider Electric SA (SU.FR) is planning six- and ten-year fixed-rate bond issues along with an offer to buy back its 2013 bond, one of the banks running the deals said Friday. The company announced the new issue and buyback in order to refi
Read moreHSBC Plans 10-Year Euro Benchmark Bond
9th Jul 2010 08:18
LONDON (Dow Jones)--HSBC Holdings PLC (HBC) is planning to issue a 10-year, euro-denominated, benchmark bond, in a self-led transaction, a syndicate official at the bank said Friday. HSBC is rated Aa2 by Moody's Investors Service, AA- by Standard & Poor's Corp., and AA by Fitch Ratings. -by
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
9th Jul 2010 01:57
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100709/LTN20100709013.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 08, 2010 20:57 ET (00:57 GMT)
Read moreSTREET MOVES: HSBC Securities Hires M&A Head For Canada
8th Jul 2010 20:42
TORONTO (Dow Jones)--HSBC Securities (Canada) Inc. bolstered its investment-banking operations, hiring John Walker as head of its mergers and acquisitions advisory business in Canada. Walker, a securities lawyer, was previously an investment banker with the mergers and acquisitions advisory grou
Read moreKuwait's Kipco Prices $500M 10-Year Bond To Yield 9.5%
8th Jul 2010 19:01
DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Kuwait Projects Co. (KPROJ.KW), Kuwait's largest investment firm with ties to the ruling family, raised $500 million through a 10-year bond deal Thursday, offering investors a yield of 9.5%, according to a person close to the sale. Managers of the d
Read moreIPO WATCH: Ocado, New UK Bank Investment Fund Stoke Interest
8th Jul 2010 17:02
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Europe's market for initial public offerings was off to a slow start for the second half, as the approach of the traditional summer lull kept most potential issuers on the sidelines. Existing deals moving through the IPO proce
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreUK DMO Plans 20-30 Year Syndicated Index-Linked Gilt Sale
8th Jul 2010 15:47
LONDON (Dow Jones)--The U.K. Debt Management Office has hired Deutsche Bank AG, Goldman Sachs International, HSBC Bank PLC and the Royal Bank of Scotland to lead manage the issue of a new index-linked gilt maturing in 20 to 30 years in the second half of July, the DMO said in a release Thursday.
Read moreUPDATE:Grifols To Raise $1B From Junk Bonds For Talecris Buy-Sources
8th Jul 2010 15:02
(Adds detail, background) By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Spanish healthcare company Grifols SA (GRF.MC) plans to raise up to $1.1 billion in the high yield bond market to back its acquisition of U.S. company, Talecris Biotherapeutics Holdings Corp. (TLCR), peopl
Read moreGrifols To Raise $1B From Junk Bonds For Talecris Buy-Sources
8th Jul 2010 14:42
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Spanish healthcare company Grifols SA (GRF.MC) plans to raise up to $1.1 billion in the high yield bond market to back its acquisition of U.S. company, Talecris Biotherapeutics Holdings Corp. (TLCR), people familiar with the situation
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreGETTING PERSONAL:UBS Rules May Not All Apply To HSBC Account Holders
8th Jul 2010 12:35
(This article was originally published Wednesday.) By Arden Dale A DOW JONES NEWSWIRES COLUMN The crackdown on offshore tax evasion has officially moved beyond UBS AG (UBS, UBSN.VX), and Switzerland. After months of expecting U.S. authorities to reach beyond the Swiss banking giant
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