ADR Report: Shares Close Mostly Higher, But Asia Weighs
1st Jul 2010 21:58
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed mostly higher Thursday, even as disappointing economic data weighed on the broader U.S. market. The Bank of New York index of ADRs closed up 0.8% to 113.94. European bankin
Read moreLloyds Banking Group Wraps Up $750M Public-Income Notes Sale
1st Jul 2010 20:00
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Lloyds Banking Group Plc (LYG, LLOY.LN) sold $750 million in long-term public-income notes Wednesday, targeting retail investors. Institutions bought only 5% of the issue, according to a person familiar with the sale. It was the
Read moreAt Least 7 Bids Placed For AIB's Poland BZ WBK Stake -Sources
1st Jul 2010 15:22
By Malgorzata Halaba Of DOW JONES NEWSWIRES WARSAW (Dow Jones)--At least seven companies are bidding for Allied Irish Bank PLC's (AIB) 70.5% stake in Poland's Bank Zachodni WBK SA (BZW.WA), people familiar with the situation said Thursday. The bidders include Poland's two largest lenders
Read moreCONSUMER FINANCE: 'Gotcha' Rules Still Govern Credit Cards
1st Jul 2010 14:30
By Jennifer Waters A DOW JONES COLUMN Just when you were ready to bury the hatchet with your credit card company comes a report that shows penalty interest rate policies are near-impossible to understand and are still full of the "gotcha" practices of old, but with new twists. Credit c
Read moreVEB To Price $1B 10-Yr Bond At Treasuries +4.00 Area
1st Jul 2010 13:57
LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, will price its new $1 billion, 10-year bond issue around 400 basis points over treasuries, a lead manager on the deal said Thursday. Barclays Capital PLC, Citigroup Inc., HSBC Group PLC and Societe Generale SA are leadi
Read moreUK Banks Cautiously Welcome EU Bonus Rules After 2009 Changes
1st Jul 2010 12:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks could gain from a new set of rules on banker bonuses being discussed by European Union governments, after the country unilaterally applied stricter rules on pay last year, people familiar with the situation said Thurs
Read moreCitigroup Adds Another Private Banker In New York
30th Jun 2010 17:11
By Thomas Coyle Of DOW JONES NEWSWIRES Citi Private Bank has hired former HSBC Holdings PLC (HBC) wealth manager Mary Agnes Pan as a private banker in New York. The move marks a return to Citigroup Inc. (C) for Pan, a 30-year veteran of the financial-service business. From 1989 to 1994,
Read moreCarillion Sells Stake In Queen Alexandra Hospital For GBP31.3M
30th Jun 2010 16:21
LONDON (Dow Jones)--Carillion Plc (CLLN.LN), a support services company, announced Wednesday it sold its investment in the Queen Alexandra Hospital Public Private Partnership project to HSBC Infrastructure Company Limited (HSBA.LN) for a total cash consideration of GBP31.3 million. MAIN FACTS:
Read moreTesco Sells GBP958.45M Commercial Mortgage Bond At Gilts +1.65
30th Jun 2010 15:27
LONDON (Dow Jones)--Tesco Property Finance 3 PLC has sold a GBP958.45 million senior, secured, fixed rate bond backed by a commercial mortgage loan, via joint bookrunners Goldman Sachs Group Inc. and HSBC Holdings PLC, one of the banks said Wednesday. The collateral for the loan is the leasehold
Read moreRussia's VEB Hires Banks For New Bond Issue-Source
30th Jun 2010 13:12
LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, plans to issue bonds via lead managers Barclays Capital PLC, HSBC Group PLC and Societe Generale SA, a person familiar with the matter said Wednesday. The bonds are expected to be launched following an investor roadshow,
Read moreTesco 30-Yr Mortgage Bond Final Guidance Gilts +1.65
30th Jun 2010 12:10
LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) has set final guidance on its planned 30-year, sterling-denominated, benchmark bond, backed by a commercial mortgage loan, at 165 basis points over gilts, a bank running the sale said Wednesday. Initial guidance was set in the area of 170 bas
Read moreTesco To Price April 2040 Mortgage Bond At Gilts +1.70 Area
30th Jun 2010 09:54
LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) has set guidance on its planned 30-year, sterling-denominated, benchmark bond, backed by a commercial mortgage loan, in the area of 170 basis points over gilts, a banker involved in the deal said Tuesday. The collateral for the loan is the le
Read moreColombia Banks' Jan-May Combined Net Profit Up 20% To COP2.83T
29th Jun 2010 20:47
BOGOTA (Dow Jones)--Colombia's financial institutions posted a combined net profit of 2.83 trillion Colombian pesos ($1.48 billion) during the first five months, up 20% from the same period in 2009, the country's banking regulator said Tuesday. The increase was due to higher revenues from lendin
Read morePaucity Of High-Grade Corporate Bonds Helps Support Prices
29th Jun 2010 16:53
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The World Cup isn't the only place where defensive tactics are on display. An analysis of investment-grade bond issuance from the first half of the year shows most companies have opted to guard their bottom lines rather than rais
Read more2nd UPDATE: Tesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 15:44
(Adds detail) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a sterling-denominated benchmark bond, backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the le
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