As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.» Read More
By John Geddie and Christopher Whittall. LONDON, Oct 8- As the world's largest public issuers gather behind closed doors at the IMF/World Bank Annual Meeting this week, a once arcane topic will now figure at the top of the agenda: posting collateral to swap counterparties. Bankers would pay good money to be flies on the wall for this conversation.
Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.
*DJ profits key as News Corp splits publishing from entertainment. Lex Fenwick, a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp. He works from a desk in a corner of the seventh floor of News Corp's headquarters in midtown Manhattan, and his conversations- often expletive-laced- can be widely heard.
Oct 5- David's Bridal Inc. sold $270 million of senior unsecured notes on Friday in the 144 a private placement market, said IFR, a Thomson Reuters service. Morgan Stanley, Bank of America Merrill Lynch, Barclays Capital, Goldman Sachs, Credit Suisse and Deutsche Bank were the joint bookrunning managers for the sale.
Oct 5- Southern Graphics Inc on Friday sold $210 million of senior notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Deutsche Bank, Credit Suisse, Bank of America Merrill Lynch and Goldman Sachs were the joint bookrunning managers for the sale.
Oct 5- Edgen Murray Corporation. Friday sold $540 million of senior secured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Jefferies, Morgan Stanley and Bank of America Merrill Lynch were the joint bookrunning managers for the sale.
Oct 5- Entertainment Properties Trust. Thursday sold $125 million of cumulative preferred perpetual shares, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Citigroup, J.P. Morgan and RBC were the joint bookrunning managers for the sale.
*Telefonica raises 1.2 bln euros with 7- yr bond. *Telefonica faces 57 bln euro debt pile. MADRID, Oct 5- Debt-laden Spanish telecoms group Telefonica issued seven-year debt in its second cash call in a month on Friday, taking advantage of ECB-backed credit improvements in struggling euro zone countries.
Oct 5- Manitowoc Co Inc. on Thursday sold $300 million of senior notes, said IFR, a Thomson Reuters service. J.P. Morgan, Deutsche Bank and Wells Fargo were the joint bookrunning managers for the sale.
LONDON, Oct 5- Daily spot foreign exchange trading volumes on Thomson Reuters dealing platforms fell by more than 24 percent in September from a year earlier, company data showed on Friday.
HONG KONG, Oct 5- Malayan Banking Bhd, the country's largest lender, is seeking to raise up to $1.2 billion with a new share offer, capital markets news service IFR said on Friday.
*Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer.
*Telefonica to raise 1.2 bln euros with 7- yr bond. MADRID, Oct 5- Debt-laden Spanish telecoms group Telefonica issued seven-year debt on Friday, IFR reported, in its second cash call in a month, taking advantage of ECB-backed credit improvements in struggling euro zone countries.
HONG KONG, Oct 5- Malayan Banking Bhd, Malaysia's largest lender, plans to raise up to $1.2 billion in a stock offering to bolster its capital base, IFR reported on Friday, citing a term sheet of the transaction.
MADRID, Oct 5- Spanish telecoms company Telefonica has hired the lead banks to place a seven-year euro benchmark bond issue, IFR markets reported on Friday. Telefonica named Bayer LB, BNP Paribas, Citi, Commerzbank, MUSI and SG CIB for the January 2020 issue, according to IFR, a Thomson Reuters news and markets analysis service.
Shares in Jardine Cycle& Carriage have seen the highest jump in 5- day average volume over its 30- day volume among the index components, Thomson Reuters data shows. The stock's 5- day average volume surged to 329,200 shares, 76 percent more than its 30- day average volume of 186,900 shares. Jardine shares surged 7 percent to a life-time high of S $53.42 on Friday.
At the midday break of 0530 GMT, True Corp shares were down 3.5 percent at 5.5 baht, having hit 5.35 baht, the lowest since Sept. 20. Thailand's top mobile phone operator Advanced Info Service gained 0.5 percent and second-ranked Total Access Communication Pcl slid 0.6 percent.
Oct 5- VTB Captial SA. on Thursday sold $1.5 billion of subordinated notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Barclays Capital, Bank of America Merrill Lynch, Societe Generale and VTB Capital were the joint bookrunning managers for the sale.
SINGAPORE, Oct 5- Singapore will release advance estimates for third quarter gross domestic product at 8:00 a.m. on Oct 12, the government said on Friday, the same day the central bank releases its half-yearly monetary policy statement.
NEW YORK, Oct. 4- Mutual fund investors shunned equities for the eighth straight week, pulling nearly $2.4 billion from the market in the week ended Oct. 4, a period where benchmark stock indices advanced, new data shows. In fact, for 10 out of the last 11 weeks, U.S. domiciled equity mutual funds have had net outflows, according to Lipper, a Thomson Reuters' service.