Busy Day In US Corporate Debt, China News Gives A Boost
21st Jun 2010 18:03
By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The U.S. investment-grade corporate debt market got off to a busy start Monday, with eight deals coming to market, led by the financial sector. The key driver behind the return to a more bullish sentiment was
Read moreCitic Bank Prices $500M 10-Yr Notes At 362.5 Bps Over Treasurys
21st Jun 2010 16:31
NEW YORK (Dow Jones)--Citic Bank International Ltd., the Hong Kong unit of China Citic Bank Corp. (0998.HK, 601998.SH), priced $500 million in 10-year U.S.-dollar-denominated subordinated bonds at 362.5 basis points over comparable Treasurys. That was the tight end of guidance, which was set at 362.
Read moreOeBB Infrastructur To Price EUR1.25B Bond At Swaps +0.55
21st Jun 2010 13:54
LONDON (Dow Jones)--OeBB Infrastructur AG, Austria's government-guaranteed railway infrastructure agency, will price its EUR1.25 billion, 15-year bond issue at a spread of 55 basis points over midswaps, one of the banks leading the deal said Monday. Citigroup Inc., Erste Group, HSBC Holdings PLC
Read moreRBS Asset Sales Pick Up Pace; India, Chile Likely Next-Source
21st Jun 2010 11:29
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) will likely announce two more asset sales in the next weeks, as the 83%-government owned U.K. bank tries to speed up non-core divestments this year. The sale of the bank's Indian retail
Read moreUPDATE: OeBB Infrastructur Plans 15-Year Euro Bond Issue
21st Jun 2010 10:00
(Adds maturity, price guidance, timing information.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--OeBB Infrastructur AG, Austria's government-guaranteed railway infrastructure agency, has hired Citigroup Inc., Erste Group, HSBC Holdings PLC and Morgan Stanley to run a planned
Read moreOeBB Infrastructur Hires Banks For Euro Benchmark Bond Issue
21st Jun 2010 08:55
LONDON (Dow Jones)--OeBB Infrastructur AG, Austria's government-guaranteed railway infrastructure agency, has hired Citigroup Inc., Erste Group, HSBC Holdings PLC and Morgan Stanley to run a planned euro-denominated benchmark bond, one of the banks said Monday. The issuer is rated Aaa by Moody's
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
21st Jun 2010 02:23
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100621/LTN20100621049.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 20, 2010 21:23 ET (01:23 GMT)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
21st Jun 2010 01:37
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100621/LTN20100621029.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 20, 2010 20:37 ET (00:37 GMT)
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 moreRBS In Talks To Sell Indian Ops to HSBC -Newspaper
20th Jun 2010 13:34
LONDON (Dow Jones)--U.K.-based banking giant Royal Bank of Scotland Group PLC (RBS.LN) is in advanced talks to sell its Indian business to HSBC Holdings PLC (HSBA.LN), the Sunday Times reports without citing sources. The newspaper says the deal is expected to be agreed within weeks, following mo
Read moreSunday tips round-up: HSBC, Smith News, Ashtead
20th Jun 2010 12:12
For those seeking quarterly payments, one company worth buying is HSBC, says the Telegraph's Questor. The dividend yield is not spectacular at the moment - the yield is a touch under 4pc. However, the market expects a strong hike in payments over the next few years as global markets recover. The sh
Read morePRESS RELEASE: S&P Lowers HSBC Mortgage Resi Servicer Rankings To ABOVE AVG
18th Jun 2010 20:56
The following is a press release from Standard & Poor's: OVERVIEW -- We lowered our rankings on HSBC Mortgage Corp. USA (MC) to ABOVE AVERAGE from STRONG as a residential mortgage loan servicer, subordinate-lien mortgage loan servicer, and residential subprime mortgage loan servicer. --
Read moreHSBC Sells 48.9% Stake In British Arab Commercial Bank
18th Jun 2010 16:55
LONDON (Dow Jones)--HSBC Holdings PLC (HSBA.LN) said Friday it has agreed to sell its 48.9% shareholding in British Arab Commercial Bank PLC to Libyan Foreign Bank for GBP56.7 million in cash. MAIN FACTS: -As a result of the transaction, which is expected to complete in the fourth quarter of
Read moreHSBC: Raised US$3.4 Bln From Perpetual US Dollar Bond; Coupon 8%
18th Jun 2010 10:53
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) said Friday it raised US$3.4 billion from selling a perpetual U.S. dollar bond to support its capital. The bank said the bond has a coupon rate of 8% and will be callable after five years. -By Aries Poon, Dow Jones Newswires; 852-2832-2332; ari
Read moreMARKET TALK: Swap BP With HSBC To Replace Lost Dividend -Oriel
18th Jun 2010 10:28
0928 GMT [Dow Jones] HSBC (HBC) may be the logical dividend income replacement for BP (BP.LN), given that the market has lost the BP dividend which was due to be paid on June 21, says Oriel Securities. Oriel says investors should consider increasing weightings in HSBC, which clearly meets the broad
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