Securities
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April 30- Following are terms and conditions. of a bond priced on Tuesday.
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*India cuts withholding tax on govt, corp debt for foreigners. MUMBAI, April 30- Indian bond yields fell on Tuesday after the government said it would cut tax on interest income earned on debt by foreigners, a move that is expected to spur demand from overseas investors.
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*Wall St investors set to take profits after S&P closes at record. NEW YORK, April 30- U.S. stock index futures were little changed on Tuesday as Wall Street was set to take a breather after extending its recent rally with the S&P 500 setting another record close.
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FRANKFURT, April 30- Germany's SolarWorld. SolarWorld, once Germany's largest solar company and 27.84 percent owned by its chief executive and founder, Frank Asbeck, said on Tuesday it had agreed with its major creditors to reduce long-term liabilities by about 60 percent.
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Fitch Ratings has assigned Yingde Gases Group Company Limited's guaranteed USD125m 8.125% senior unsecured notes due 2018 a final rating of' BB'. The notes were issued at the same terms and conditions as the USD300m 8.125% bonds due 2018 issued in early April 2013.
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HONG KONG/ SINGAPORE, April 30 Fitch Ratings has assigned Yingde Gases Group Company Limited's guaranteed USD125m 8.125% senior unsecured notes due 2018 a final rating of' BB'. The notes were issued at the same terms and conditions as the USD300m 8.125% bonds due 2018 issued in early April 2013.
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LJUBLJANA, April 30- Slovenia will sell two dollar bonds on Tuesday to raise cash to help it bail out its ailing state-owned banks, cover its budget deficit until next year and avoid joining the euro zone's bailout queue. Sources said Slovenia decided to launch the bond sale after officials met investors last week and found good demand.
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OSLO, April 30- Global bond returns are low and will be low for a long time, Yngve Slyngstad, the head of Norway's $735 billion sovereign wealth fund said on Tuesday, making it more difficult for investors to earn high enough returns.
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The notes are issued by a wholly owned subsidiary of OAO LUKOIL and benefit from a guarantee from LUKOIL. A full list of LUKOIL's ratings is at the end of this release. LUKOIL is Russia's largest private integrated oil and gas company, with total hydrocarbon production of 2.17 million barrels of oil equivalent per day in 2012 excluding equity affiliates.
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For the full text of this story please click the following link:.
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For the full text of this story please click the following link:.
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Citi Research cut PT Perusahaan Perkebunan London Sumatra Indonesia Tbk to "neutral" from "buy", citing the palm plantation company's disappointing production performance coupled with softer commodity prices. Citi also lowered its target price on London Sumatra shares to 1,750 rupiah from 2,605, to reflect its earnings downgrade of about 27 percent.
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LONDON, April 30- Portugal Telecom, rated Ba2/BB, on Tuesday opened books on a new euro-denominated seven-year benchmark bond, banking on rallying markets over the last few days having boosted investor appetite for peripheral corporate debt.
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Low implied volatility and high levels on the FTSE 100 have created an attractive opportunity to bet on more gains in the British index through options, according to the UBS derivatives strategy team. A Reuters poll last month showed the FTSE 100- which is currently trading around 6,459 points- rising to 6,582 points by end-June and 6,750 by end-December.
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OSLO, April 30- Norway's central bank will sell 300 million Norwegian crowns a day in May to buy foreign currency for the country's oil fund, the same as in April, it said on Tuesday. Norges Bank manages Norway's $720 billion Government Pension Fund Global, which invests surplus oil wealth to save for a future when the country's oil and gas resources run dry.
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LONDON, April 30- Portugal Telecom, rated Ba2/BB, on Tuesday opened books on a new euro denominated seven-year bond, expected to be benchmark in size. The group started marketing the new paper with yield thoughts in the area of 4.875%, for pricing later on Tuesday via Bank of America Merrill Lynch, Banco Espirito Santo, BNP Paribas, Caixa and HSBC.
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LONDON, April 30- The Republic of Slovenia, rated Baa2/A-/A-, is planning to issue a dual-tranche dollar-denominated Eurobond, according to market sources. The sovereign has released initial yield guidance of 5% area for a five-year tranche and of 6.125% area for a 10- year portion.
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Fitch Ratings will more accurately model stressed recoveries given default in covered bond programmes where there is time subordination.
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COLOMBO, April 30- Sri Lanka's central bank issued the following treasury bill auction results on Tuesday:. Bids Amount Avg yield received accepted 91- day 4,378 1,000 9.20 9.23 182- day 7,680 3,000 10.22 10.23 364- day 25,805 18,530 11.33 11.34 Total 37,863 22,530. NOTE: Bids in millions of rupees, yields in percent.
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NEW YORK/ PARIS, April 30- NYSE Euronext, which is being bought for $8.2 billion by IntercontinentalExchange Inc, reported a 44 percent rise in first-quarter profit on Tuesday, as European derivatives trading volumes increased and costs declined.