Search results for

Investors in Hong Kong dollar have wasted no time in putting their money on the table this year. Eighteen Hong Kong dollar trades have been processed since yesterday. Only two of them stretch to longer than six months however. Credit Lyonnais, HSBC, KBC Ifima, Morgan Stanley Dean Witter and SG all placed short-dated paper ranging between HK$5 million ($641,000) and HK$80 million. European Investment Bank did a six-year HK$2 billion FRN that pays a final coupon of 6.38%, while Westpac Banking Corp (Westpac) placed a ten-year HK$150 million trade that pays a fixed coupon of 6.65%. The issuer will swap the deal into an FRN. Chris Bannister, senior funding manager at Westpac, says: "We've seen quite a lot of enquiry for our Hong Kong dollar paper, mostly asking for fixed-rate coupons."

* Bayerische Hypo- und Vereinsbank AG

Stichting Cova signed a euro250 million ($232.13 million) MTN facility on December 21 2000. Each tranche is guaranteed by the Dutch state treasury and must be denominated in euros. The programme was arranged by ING Barings/BBL and the dealers are ABN Amro, Prebon Yamane, Rabobank and the arranger.

Transactions increased:

* Akademiska Hus

Stora Enso, the Finnish forest products company, has signed a $1 billion Euro-CP programme via Credit Suisse First Boston. It also has a Euro-MTN programme with over $1 billion outstanding in the market. The dealers are the arranger, Barclays Capital, Goldman Sachs, ING Barings/BBL, MeritaNordbanken and SEB Debt Capital Markets.

Telenor Communication has increased the limit off its $4 billion debt issuance programme to $6 billion. The double-A rated facility was signed in February 1996 and is arranged by Deutsche Bank.

Toyota Motor Credit Corp announced a ¥1 billion note to be issued on January 18. The note goes out to 2011 and is one of six yen trades issued this week that have a tenor of 11 years. The note pays a final coupon of 2.100% and interest is paid semi-annually. Yen trades maturing in 2021 were also popular this week. Seven were issued all together and Kommunalbanken, Bayerishce Landesbank and IBRD were among the issuers.

* Bank of Scotland Treasury Services plc

Asia

A full breakdown by Moody's rating, by term, by nationality of non-syndicated debt in the four quarters of 2000.

South Africa