GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.
There are 367,239 results that match your search.367,239 results
  • * CapMAC inaugurated its second black box vehicle, Polaris Funding Co, with five series of triple-A wrapped bonds in four Eurocurr-encies, all sold by Merrill Lynch. The bonds are backed by investment grade securities held in the vehicle. Last Friday Merrill brought a $100m FRN which amortises in three equal instalments in October 2000, 2001 and 2002. The deal was sold at 25bp over Libor. On the same day came Ffr590m of five year bullets at 25bp over Pibor.
  • * Citisecurities yesterday launched an A$580m CLO in the Australian domestic market. The transaction, launched through Initial Corporate Obligation Notes Trust, offered commercial paper and floating rate notes. Icon sold A$312m of CP, rated A-1+ by Standard & Poor's, and A$200m of senior floaters rated AAA with an expected bullet maturity of three years.
  • UBS may launch a mortgage-backed security for the Bank of East Asia as early as today, in the first securitisation to be launched from Hong Kong since currency turmoil hit the special administrative region. If the deal proceeds as planned it will also be the first Hong Kong residential mortgage securitisation this year to be sold without the benefit of a wrap from a monoline insurer.
  • * Merrill Lynch brought the year's second MBS from Merrill Lynch Capital Corp this week in a $308m sell out deal. MLCC Mortgage Investors Inc 1997-B offered a single tranche of notes paying 28bp over one month Libor on a triple-A rating from Moody's and Standard & Poor's.
  • BANKERS IN Indonesia say that it is increasingly likely that the government will float its largest palm oil plantation, PT Perkebunan 4 (PT P4), after Indonesia's presidential election in March. Other state owned companies such as tollroad operator Jasa Marga and Krakstau Steel have previously been strongly tipped to head Indonesia's privatisation list.
  • Institutional investors eager for a new asset class snapped up the first securitisation of Japanese earthquake risk, issued by Tokio Marine and Fire Insurance Co. Joint lead managers Goldman Sachs and Swiss Re New Markets sold $100m of 10 year floating rate notes in a global 144A private placement. Investors' principal is forfeited if an earthquake of a certain magnitude occurs in the Tokyo area.
  • * HSBC Investment Bank (HSBCIB) believes it has moved one step closer to its long held desire of creating an internationally integrated world class operation with a restructuring of its equities business in Asia. Following resignations in the past two weeks by HSBC James Capel Asia head Philip Gray and his deputy Andy Wilmer, the bank is to bring its origination, syndication and sales activities under one simplified reporting line.
  • * Deutsche Morgan Grenfell's securitisations of equipment leases for Asian Banking Corp and Hyundai International Merchant Bank are waiting for rating agencies to complete their assessment. CapMAC wraps are in place, but pricing may be affected by Korea's plunging sovereign rating. Standard & Poor's this week cut the country's rating from A+ to A-.
  • HSBC Markets netted a second Hong Kong dollar FRN in a week with the launch yesterday (Thursday) of a debut transaction by the Council of Europe. As with the bank's groundbreaking HK$1bn FRN for the International Finance Corp (IFC) last Friday, the new HK$1bn two year deal was designed to maximise differentials between overnight and short term rates in Hong Kong's pressurised financial markets.
  • The prospect of a first Indian company achieving a listing on Nasdaq has moved a step closer, with one of the subcontinent's most respected software developers, Infosys Technology, soliciting final bids from investment banks last week. Officials told Euroweek that, although a final decision has yet to be taken on whether to proceed with the plan, the company is keen to move forward and envisages a $50m to $75m ADR offering within six to eight months.
  • ING BARINGS has won the mandate for a $100m IPO from Binti Minaraya (BMR), a fishing and frozen food holding company. Roadshows for the deal were launched in Singapore this week. Bankers said that there were few comparable benchmarks, with the possible exception of BMR's own listed subsidiary, PT Daya Guna Samudera (DGS), a fish and shrimp harvester and exporter.
  • The Banco Sentral ng Pilipinas (BSP) built on the success of its innovative Libor/T-Bill pass-through note with the launch this week of a second transaction via ING Barings. Completed on a private placement basis, the bank raised a further $250m via a two year issue with a modified structure reducing foreign exchange rate risk.