UPDATE: Dexia Credit Local To Price 2-Year Guaranteed FRN
17th Jun 2010 14:22
(Adds details) By Mark Brown Of Dow Jones Newswires LONDON (Dow Jones)--Dexia Credit Local has set the size on its planned two-year, government-guaranteed floating rate note issue at EUR1.35 billion, and will price the deal at 33 basis points over three-month Euribor, a syndicate official
Read moreDexia Credit Local Plans Two-Year Government Guaranteed FRN
17th Jun 2010 11:44
LONDON (Dow Jones)--Dexia Credit Local is planning to sell a two-year, senior floating rate note which will be guaranteed by the governments of Belgium, France, and Luxembourg, one of the banks running the sale said Thursday. Credit Suisse Group, Dexia, DZ Bank, HSBC Holdings PLC, and Natixis ha
Read moreBAT Makes Tender Offer For 3.625% 2012 Bonds
17th Jun 2010 11:24
LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) said Thursday it is making a tender offer for its EUR750 million, 3.625% bonds due 2012. In a regulatory notice, the company said it is making a cash offer via joint dealer-managers BNP Paribas SA, Deutsche Bank AG, HSBC Holdings PLC, JP
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
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 10:44
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] 0944 GMT [Dow Jones] Exane analyst Ian Gordon says UK banks should feel "cautiously relieved" by the tone and content of Chan
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 09:48
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] 0848 GMT [Dow Jones] UK banks should benefit from the positive tone of Chancellor George Osborne's and Bank of England Govern
Read moreMARKET TALK: Buy UK Banks After Osborne, King Speeches - RBS
17th Jun 2010 09:48
0848 GMT [Dow Jones] UK banks should benefit from the positive tone of Chancellor George Osborne's and Bank of England Governor Mervyn King's Wednesday night speeches to City executives, says RBS banks analyst, who recommends buying their shares. One particular point of interest was the apparent de-
Read moreMARKET TALK: HK Short Sales +40.4% Midday; China Mobile Tops
17th Jun 2010 06:48
0548 GMT [Dow Jones] HK short-selling volume +40.4% at HK$1.34 billion midday, but mainly corresponds to higher overall market volume, shorts as percentage of market total remains light at 4.8% vs 4.3% at Tuesday's half-day. No stocks manage more than HK$100 million: China Mobile (0941.HK) has HK$71
Read moreMARKET TALK: HK Short Sales +14.6% Thursday; China Mobile Tops
17th Jun 2010 00:31
2331 GMT [Dow Jones] HK short-selling volume +14.6% at HK$2.808 billion yesterday, as percentage of market total remained light at 5.8% vs Tuesday's 5.9%, suggesting bears reluctant to add positions amid HSI's 7-day winning streak. China Mobile (0941.HK) in first place with HK$129.08 million, follow
Read morePRESS RELEASE: A.M. Best Affirms Ratings of HSBC's U.S. Life Insurance Subsidiaries
16th Jun 2010 21:27
OLDWICK, N.J.--(BUSINESS WIRE)--June 16, 2010-- A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Household Life Insurance Company (Household Life) (Detroit, MI) and its wholly owned subsidiary, First Central National Life I
Read moreLloyds TSB Bank Amends Deal Size Of 2018 Covered Bond
16th Jun 2010 16:09
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank amended the issue size of its June 25, 2018, U.K.-regulated, covered bond owing to investor interest expressed while the deal was pricing, one of the lead managers on the sale said Wednesday. The size of the deal is now EUR750 million from the previ
Read moreDanske Bank Prices EUR1B 2022 Covered Bond At 99.025
16th Jun 2010 15:13
LONDON (Dow Jones)--Danske Bank AS (DANSKE.KO) has priced its EUR1 billion, 2022, covered bond through joint lead managers Barclays Capital, BNP Paribas SA, Danske Bank and HSBC Holdings PLC, one of the banks said Wednesday. The bond will be backed by a pool of residental mortgages. Terms ar
Read moreLloyds TSB Bank Prices EUR700M 2018 4% Covered Bond At 99.196
16th Jun 2010 15:04
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has priced its EUR700 million, eight year, U.K.-regulated covered bond at 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA were lead managers of the dea
Read moreKraft Extends Deadlines For Final Wedel Bids -Sources
16th Jun 2010 14:48
By Marynia Kruk and Marietta Cauchi Of DOW JONES NEWSWIRES WARSAW (Dow Jones)--Kraft Foods Inc. (KFT) has extended the deadline for final bids for E. Wedel, its Polish business, two people familiar with the matter said Wednesday. Disposals of the firm's Polish and Romanian assets were imp
Read moreRCI Banque Prices EUR500M 2013 Bond At 99.74, Swaps +2.53
16th Jun 2010 14:36
LONDON (Dow Jones)--RCI Banque, a wholly owned unit of French car maker Renault SA (RNO.FR), has priced its EUR500 million, 2013-dated bond through joint-lead managers BNP Paribas SA, Citigroup Inc. and HSBC Holdings PLC, one of the banks said Wednesday. Terms are as follows: Amount: E
Read more