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

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 365,001 results that match your search.365,001 results
  • Australia's highest rated corporate credit blazed a new trail through the domestic bond market this week with the launch of one of the largest and longest dated issues the sector has yet seen. The A$530m split five and 10 year transaction for triple-A rated Australia Post is scheduled to be priced today (Friday) by lead manager Commonwealth Bank of Australia (CBA), after attracting huge levels of oversubscription from both domestic and international investors.
  • Merrill Lynch is poised to launch Shinhan Bank's GDR sale of up to $400m at the beginning of April, raising hopes that Korea will lead the rehabilitation of Asia's moribund equity markets. Together with next week's pricing of Kepco's $500m ADR sale and the imminent launch of Korea Telecom's IPO, the Shinhan sale would provide the first continuous deal flow from any single country in the region for more months than equity capital market bankers care to recall.
  • JAPANESE asset backed issuance reached a crescendo this week, as finance companies hastened to fulfil funding targets before the end of the financial year on March 31. Five deals were launched this week without any apparent sign of investor fatigue -- and significantly, only one transaction was swapped into a foreign currency. Market watchers said that while most Japanese investors are still unfamiliar with securitisation, demand is on the increase.
  • The Singapore corporate bond market saw the beginnings of a credit curve develop this week following the launch of a debut S$150m five year deal from Ford Motor Credit. Led by Deutsche Bank with HSBC as co-lead, the A1/A rated five year issue was the first by an overseas borrower not to be rated triple-A.
  • China Liuzhou Wuling Auto, Zhejiang Hisum Pharmaceutical and Xuzhou Engineering have dealt the stumbling 'B' share market a further blow this week in announcing that they were withdrawing their plans for IPO issues this year due to low valuations on the market.
  • Credit Suisse First Boston and Dresdner Kleinwort Benson denied claims yesterday (Thursday) that the Republic of Lithuania had decided to postpone the launch of its long awaited Eu200m five year bond. While admitting this month's unsettled market conditions had complicated the bookbuilding process, officials from both banks maintained that they are looking to bring the Ba1/BBB- rated deal to market next week.
  • n The European Bank for Reconstruction and Development will today (Friday) announce a buyback offer for its Rb400m 25% one year issue launched last March, which is due to mature on April 1. The tender, which will run from March 19 to March 26, will be conducted by ING Barings which lead managed the issue.
  • VENEZUELAN oil company PDVSA is expected to go on the road next week with a $1bn structured offering similar to that launched by Pemex in February. The deal, underwritten by Goldman Sachs, will be split into multiple tranches and will be the second issue from a $6bn structured programme that PDVSA launched last year. The inaugural deal came in the first half of 1998, when PDVSA issued $1.8bn.
  • THE REPUBLIC of Argentina received a mixed response this week to a floating rate note structure it launched via Barclays Capital to raise $300m of five year money. The deal was considered fairly priced at 600bp over Libor and with a yield of 10.75%. It swapped into about 666bp over Treasuries, making it cheap to Argentine 2003s at 600bp but expensive to the 2005s at 700bp.
  • THE IMPROVEMENT in tone of the Latin American markets since Brazil reached agreement with the IMF, but that improvement has yet to feed through judging by the prices Latin corporates had to pay for international bond issues this week. Privatised Argentine mortgage bank Banco Hipotecario launched a $100m three year bond on Wednesday (via Salomon Smith Barney) offering a spread pick-up of 128bp over comparables, as well as a warrant whose value equated to another 25bp of concession.
  • GOLDMAN Sachs and JP Morgan have launched the sale of stock in Debitel, the German cellular phone services provider being spun off by the recently merged Daimler Chrysler motor group. The deal should raise around Eu696m ($795.7m) and could value the company at up to Eu3bn ($3.3bn) when it obtains a listing for its shares on Frankfurt's main market.
  • DEUTSCHE Bank yesterday (Thursday) announced plans to raise up to DM6bn in new equity capital to fund its purchase of Bankers Trust of the US. The announcement follows months of speculation over the funding choices available to Germany's largest bank. Late last year the group issued a jumbo exchangeable into the ordinary shares of Allianz, but at the time Deutsche Bank said that it would not necessarily use these funds for the purchase of Bankers Trust.