VW Bank To Price EUR1B 3-Year Bond At Swaps +0.80
21st Jun 2010 11:53
LONDON (Dow Jones)--Volkswagen Bank GmbH will sell its planned EUR1 billion, three-year bond issue at 80 basis points over mid-swaps, one of the lead-managing banks on the deal said Monday. Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA are leading the deal, whic
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:Eneco Roadshowing Euro Benchmark Hybrid Corporate Bond Issue
21st Jun 2010 11:18
(Adds background) By Michael Wilson of DOW JONES NEWSWIRES LONDON (Dow Jones)--Dutch utility company, Eneco Holding NV, has hired Deutsche Bank AG, ING Bank NV and the Royal Bank of Scotland PLC as joint bookrunners for a series of investor meetings starting Wednesday June 23, a bank lea
Read moreVW Bank To Price EUR1B 3-Year Bond At Swaps +0.80-0.85
21st Jun 2010 10:30
LONDON (Dow Jones)--Volkswagen Bank GmbH has set price guidance on its EUR1 billion, three-year bond issue between 80 and 85 basis points over mid-swaps, one of the lead-managing banks on the deal said Monday. Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA are le
Read moreEneco Roadshowing Euro Benchmark Hybrid Corporate Bond Issue
21st Jun 2010 10:27
LONDON (Dow Jones)--Dutch utility company Eneco Holding NV has hired Deutsche Bank AG, ING Bank NV and the Royal Bank of Scotland PLC as joint bookrunners to arrange a series of investor meetings starting Wednesday June 23, one of the banks leading the deal said Monday. The company then plans to
Read moreMARKET TALK: Stress Test Results "A Positive Catalyst"- Nomura
21st Jun 2010 09:46
0846 GMT [Dow Jones] The planned publication of the results of so-called 'stress tests' on European banks could be "a positive catalyst," to increase confidence in the sector's solvency, says Nomura, assuming the exercises make sufficiently conservative loss assumptions and are transparent enough to
Read moreVolkswagen Bank Plans Three-Year Benchmark Euro Bond
21st Jun 2010 08:57
LONDON (Dow Jones)--Volkswagen Bank GmbH has hired Credit Agricole SA, DZ Bank, Royal Bank of Scotland Group PLC and UniCredit SpA as joint bookrunners on a three-year, euro-denominated, benchmark bond issue, one of the banks said Monday. The issuer is rated A2 by Moody's Investors Service.
Read moreBlueCrest AllBlue Beats Tough Markets With GBP349M Share Sale
21st Jun 2010 08:38
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BlueCrest AllBlue Fund Ltd. (BABS.LN), the London-listed investment company that tracks the performance of several hedge funds run by BlueCrest Capital, beat expectations and tough market conditions by raising GBP349 million in new
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 moreIstithmar's Sale Of ISS In Trouble On DoJ Probe -Sources
20th Jun 2010 04:40
(This item was originally published Friday.) By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The sale of Inchcape Shipping Services by Istithmar has been postponed because bidders believe the company is being investigated by the U.S. Department of Just
Read moreIstithmar's Sale Of ISS In Trouble On DoJ Probe -Sources
19th Jun 2010 08:46
(This item was originally published Friday.) By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The sale of Inchcape Shipping Services by Istithmar has been postponed because bidders believe the company is being investigated by the U.S. Department of Just
Read moreIADB Sells $2.5B, 5Y Bonds At Midswaps Benchmark +10 BP
18th Jun 2010 18:54
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The Inter-American Development Bank sold $2.5 billion in five-year bonds with a 2.250% semi-annual coupon at a price of 99.426 to yield 2.125%, or a spread of 10 basis points over Midswaps. The joint bookrunners were J.P. Morgan, Mor
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
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