Standard Chartered Prices $750M 2020 LT2 Bond At 99.485
17th Jun 2010 17:11
LONDON (Dow Jones)--Standard Chartered Bank (SCZ.ZM) has priced its $750 million, 2020-dated lower-tier 2 bond issue through joint-lead managers Credit Suisse, Standard Chartered and Goldman Sachs, one of the banks said Thursday. Terms are as follows: Amount: $750 million Maturity:
Read moreStandard Chartered Prices $750M 2020 LT2 Bond At 99.485
17th Jun 2010 16:46
LONDON (Dow Jones)--Standard Chartered Bank (SCZ.ZM) has priced its $750 million, 2020-dated lower-tier 2 bond issue through joint-lead managers Credit Suisse, Standard Chartered and Goldman Sachs, one of the banks said Thursday. Terms are as follows: Amount: $750 million Maturity:
Read moreFTSE 100 movers: BP heads higher
17th Jun 2010 14:56
BP and banks are pushing Footsie higher today. Clarity on the issue of BP's dividends and the staggered nature of payments into Escrow has reassured investors. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to c
Read more2nd UPDATE: Banks Back In Riskier Subordinated Debt Markets
17th Jun 2010 13:15
(Adds comment, background) By Michael Wilson and Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European banks stepped back into riskier debt markets Thursday, as Deutsche Bank AG (DB) and Standard Chartered Bank (STAN.LN) broke the subordinated bond drought with the announcemen
Read moreFOCUS: Investors Remain Lukewarm About Agricultural Bank IPO
17th Jun 2010 11:08
By Ellen Sheng Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--A chance to invest in one of China's major banks and get a stake in the country's long-term growth potential would have investors drooling in the past but in the case of Agricultural Bank of China Ltd., the last of the Big Four to
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 moreStandard Chartered Plans 10-Year Dollar LT2 Benchmark Bond -Sources
17th Jun 2010 10:08
LONDON (Dow Jones)--Standard Chartered Bank (SCZ.ZM) plans to sell a new 10-year, dollar-denominated lower-tier 2 bond issue, people familiar with the situation said Thursday. Credit Suisse, Standard Chartered and Goldman Sachs are leading the deal, which is expected to price in the region of hi
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 moreStanChart: Signed MOU With Agricultural Bank Of China On Cooperation
17th Jun 2010 06:40
BEIJING (Dow Jones)--Agricultural Bank of China Ltd. signed a memorandum of understanding on strategic cooperation with Standard Charted PLC (STAN.LN) on Thursday, StanChart said in a statement. The signing ceremony for the MOU was held ahead of a roadshow that AgBank will launch Friday for the
Read more2nd UPDATE:Saudi Electric Co Inks Offtake Deal With Riyadh Power Plant
15th Jun 2010 18:14
(Adds detail) RIYADH (Zawya Dow Jones)--Saudi Electricity Co. (5110.SA), or SEC, on Tuesday signed a contract to buy, over 20 years, the entire output of the planned "Riyadh 11" independent power plant that will have a capacity of 1,730 megawatts. The first phase of the power plant project,
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jun 2010 09:42
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0842 GMT [Dow Jones] UBS upgrades Standard Chartered (STAN.LN) to buy from neutral. It says that at 2.3x price/tangible ne
Read moreMARKET TALK: UBS Ups Standard Chartered To Buy
14th Jun 2010 09:42
0842 GMT [Dow Jones] UBS upgrades Standard Chartered (STAN.LN) to buy from neutral. It says that at 2.3x price/tangible net-asset-value, Standard Chartered remains one of the highest-valued banks in UBS' universe. "We recognize that bank valuations are generally depressed, but Standard Chartered fac
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