Edition:
United States

Josie Cox

Wind PIKs soar on Vimpelcom refinancing plans

Mar 19 2014

LONDON, March 19 (IFR) - Italian telecoms company Wind saw its payment-in-kind bonds soar on Wednesday after its Russian owner Vimpelcom announced plans to refinance the debt, bringing relief to investors who had feared interest payments would be missed.

Merseylink names leads for government-guaranteed 29-year bond

Mar 19 2014

LONDON, March 19 (IFR) - Merseylink PLC has mandated HSBC as sole arranger and Credit Agricole, HSBC and Lloyds Bank as joint bookrunners to arrange a series of UK investor meetings, starting March 21.

Mizuho puts four bond bankers at risk - sources

Mar 18 2014

LONDON, March 18 (IFR) - Mizuho International's London branch has put four syndicate and origination officials from its debt capital market team at risk, all of whom had been working at the bank for less than three and a half years, sources told IFR on Tuesday.

Mexico prices £1bn 100-year bond at 5.75% yield - lead

Mar 12 2014

LONDON, March 12 (IFR) - Mexico has priced £1bn of 100-year bonds at a yield of 5.75%, a lead banker on the deal said on Wednesday.

Books for Mexico's century sterling bond top GBP2bn

Mar 12 2014

LONDON, March 12 (IFR) - Order books on Mexico's 100-year sterling bond have reached over GBP2bn, according to a source close to the deal, enabling leads to revise guidance to 5.75%, plus or minus an eighth, to price in range.

Mexico readies 100-year sterling bond

Mar 12 2014

LONDON, March 12 (IFR) - Mexico has begun marketing a new 100-year benchmark bond denominated in sterling in the 6% area, according to one of the lead managers.

Santander sets final terms on AT1 bond as books exceed EUR17bn

Mar 05 2014

LONDON, March 5 (IFR) - Banco Santander will print EUR1.5bn of Additional Tier 1 bonds later on Wednesday at a yield of 6.25%, on a book of more than EUR17bn from over 820 accounts.

ESM fixes spread on seven-year bond at mid-swaps plus 7bp

Feb 25 2014

LONDON, Feb 25 (IFR) - The European Stability Mechanism, rated Aa1/AAA by Moody's/Fitch, has set the spread on its seven-year euro benchmark at mid-swaps plus 7bp, supported by orders of more than EUR6.5bn, one banker involved said on Tuesday.

Earnings to weigh on European weekly credit supply

Feb 17 2014

LONDON, Feb 17 (IFR) - A traditional mid-February issuance lull is likely to continue this week with the corporate earnings season and half term school holidays expected to put a dampener on activity while the US is shut today for Presidents' Day.

COMMENT: Wake up Vodafone!

Jan 30 2014

LONDON, Jan 30 (IFR) - Time is ticking for Vodafone. The company might be the world's third largest mobile telecommunications company and a bellwether for the global industry but it is not immune to the impact of rising interest rates and has to act now if it wants to pocket cheap debt to fund an expansionary shopping spree.

World News

Iran shoots down U.S. military drone in Gulf region

Iran on Thursday shot down a U.S. military drone that it said was flying over one of its southern provinces on the Gulf, increasing fears of military conflict as Washington seeks to isolate Tehran over its nuclear and regional activities.