Pre-migration untagged articles

The Dutch State Treasury Agency's declared aim of providing liquidity to investors in the 15 year segment of the market was fulfilled this week by the introduction of a new 2023 bond, which will be fungible with the outstanding off the run 2023 Dutch State Loan. The new bond, which raised Eu2.045bn, has a 3.75% coupon and the same maturity and coupon date as the outstanding 7.5% 2023.

Leak heard this week that Deutsche's stalwart of the EuroCP market, John 'Real Alternative' Ford is about to bow out from the business.

ST Microelectronics, the French-Italian semiconductor company, issued a $927.7m convertible bond this week but lead managers Merrill Lynch and UBS burnt their fingers when investors balked at the terms after semiconductor stocks slumped.

The New York Federal Reserve met late yesterday (Thursday) to discuss the progress that the credit derivatives industry has made in clearing up what is considers serious operational inefficiencies, and it is expected to offer renewed warnings to the industry.

Which financial firms have already made a flying start to the year? In fact, conditions could hardly have been better, unless you were long of every corporate bond whose issuer then became a takeover target for opportunistic raiders.

Residential Capital Corp, the mortgage division of General Motors Acceptance Corp, improved its cost of funds with a $1.5bn five year bond this week, as investors warmed to the prospect of ResCap breaking free of its car industry shackles.

Residential Capital Corp, the mortgage division of General Motors Acceptance Corp, improved its cost of funds with a $1.5bn five year bond this week, as investors warmed to the prospect of ResCap breaking free of its car industry shackles. The bond's spread was 25bp tighter than where ResCap had priced a three year bond only three months ago.

Sateri International, the Chinese paper pulp maker, is seeking a $350m loan arranged by WestLB to fund the expansion of its operations in Brazil.