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  • Aegon has added two dealers to its $3 billion programme for the issuance of debt instruments. They are Barclays Capital (Barclays) and Credit Suisse First Boston (CSFB). The dealer additions suggest that Aegon intends to rejoin the MTN market after a break of 20 months. Reuters reported on August 9 that Aegon is rumoured to be considering expanding in the UK and the US. However the Netherlands-based insurance company was unavailable for comment. Many investment banks have put Aegon shares on buy-and-hold status. Aegon has not issued off its Morgan Stanley-arranged facility since December 1999. That trade was a £
  • Ghana Some 11 banks are close to winning the mandate for a $300m facility for the Ghana Cocoa Board (Cocobod).
  • The global dollar sector took a pause this week, after a hectic summer of issuance, with just a handful of deals flowing into a market more focused on the falling dollar, depressed equity markets and the FOMC meeting next week. Appetite still exists for corporate product, however, with US telecoms company Verizon attracting heavy oversubscription for a $1bn 10 year bond for its New England subsidiary via Bear Stearns and Deutsche Bank.
  • Argentine bonds soared this week on expectations that the IMF may announce as early as this weekend a new bailout package for the beleaguered country. FRBs had jumped to 75.50 by yesterday (Thursday) from 71.50 on Tuesday as speculation mounted that a new $15bn-$18bn package would result from a week of intense negotiations between the IMF and Argentine finance secretary Daniel Marx.
  • Hong Kong Co-ordinating arranger SG Asia has launched a HK$2.7bn five year facility for Asia Container Terminals. The deal is guaranteed jointly by New World Infrastructure, Hongkong Land Holdings, Sun Hung Kai Properties and Sea-land Orient Terminals.
  • * Orion Euro High Yield BV Amount: Eu277.95m
  • New Zealand Credit Suisse first Boston Australia will approach a small number of banks to help finance the NZ$87.5m facility for New Star Two. The facility has been fully funded together with co-lead arranger Bank of New Zealand, which underwrote NZ$46m.
  • RZB has been mandated to arrange the first loan for a financial institution from Lithuania this year. State owned Agricultural Bank of Lithuania (LZUB) has mandated the Austrian bank to arrange a $15m loan.