Bonds Corporate Bonds

  • MILAN, April 17- Italian banks are in talks with BlackRock over a possible deal to salvage troubled bank Carige, the head of a depositor guarantee fund financed by the country's banks said on Wednesday. Under the potential deal with BlackRock, which has yet to be finalized, the banks are likely to convert the 320- million euro hybrid bond into equity, Salvatore...

  • DUBAI, April 9- Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company. Having swelled to over $100 billion during the sale process, demand...

  • *Built from Norway's oil and gas revenues. OSLO, April 5- Norway's sovereign wealth fund, the world's largest, will streamline its $300 billion fixed-income portfolio by cutting emerging market bonds from the benchmark index it tracks, the Finance Ministry said on Friday. Government and corporate bonds issued by Chile, the Czech Republic, Hungary, Israel,...

  • LONDON/ NEW YORK/ DUBAI, April 4- For Saudi Aramco and its advisers, a debut international debt issue that could raise well over $10 billion presents a key challenge- how to forge an identity as a state-owned major while in the same league as the likes of Exxon Mobil and Shell. Having said in January it was planning its first ever international debt issue, Aramco has...

  • April 3- Saudi Aramco, the world's biggest oil producer, tapped Mohamed El-Erian, chief economic adviser at Allianz, as an informal adviser prior to the company's roadshow for its first-ever debt offering, according to two sources. The company is meeting with investors in Europe, Asia and the United States all week. The company's debut international bond...

  • TOKYO, April 2- SoftBank Group Corp said it will issue 500 billion yen in bonds, its largest ever such issue, targeting Japan's retail investors. Subscriptions will run from April 15-25, with 11 underwriters including Nomura Securities, the brokerage subsidiary of Nomura Holdings, and Daiwa Securities. SoftBank has 700 billion yen of bonds maturing in the...

  • DUBAI, April 1- Saudi Aramco's debut international bonds have no guarantee from the Saudi government, the company said in the bond prospectus.

  • DUBAI, April 1- Saudi Aramco, the world's biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue. Despite the huge profit, the state-owned oil giant was rated by credit agencies at par with Saudi Arabia, meaning the...

  • DUBAI, March 28- Saudi Aramco will start meeting bond investors next week to persuade them to buy its debut international bond, which will help the world's largest oil producer fund the $69.1 billion purchase of a stake in Saudi Basic Industries Corp, sources familiar with the matter said. The Saudi oil giant, which declined to comment, said on Wednesday it had...

  • S&P cut its rating on senior unsecured notes of Jaguar, Britain's biggest carmaker, and its owner India's Tata Motors Ltd to' B+' from' BB-' following JLR's weaker than expected third-quarter results. It said it could lower the JLR rating further, most likely by one notch, if the carmaker fails to meet the base-case expectations for full-year results, Britain leaves...

  • *Could raise as much as $1.2 billion. HONG KONG, March 27- Video-streaming firm iQIYI, backed by search engine giant Baidu, returned to the capital markets on Wednesday with a $1.05 billion six-year convertible bond, in what is the second-largest such deal by a U.S.-listed Chinese company. IQIYI could raise as much as $1.2 billion if an over-allotment option of up...

  • *Could raise as much as $1.2 billion. HONG KONG, March 27- Video-streaming firm iQIYI, backed by search engine giant Baidu, on Wednesday raised $1.05 billion in six-year convertible bonds, in what is the second-largest such deal by a U.S.-listed Chinese company. IQIYI could raise as much as $1.2 billion if an over-allotment option of up to $150 million is exercised.

  • March 23- Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialized nation to join the Chinese Belt and Road infrastructure project. Italy's state lender Cassa Depositi e Prestiti signed an agreement with Bank of China to let it sell "Panda" bonds- debt sold by foreign entities to investors in...

  • *Italy might get go-ahead to issue "Panda" bonds. ROME, March 20- Italy is looking to build on its economic and commercial ties with China by becoming the first Group of Seven major industrialised nation to borrow in the Chinese $12- trillion bond market, sources said. Chinese President Xi Jinping is due to visit Rome this week and is expected to sign a preliminary...

  • A bank teller counts the stack of Chinese yuan and US dollars at a bank in Shanghai.

    Extremely tight credit conditions and a slowdown in China's economy led to a record amount of corporate defaults last year, according to experts.

  • March 1- Tesla Inc has paid off a $920 million convertible bond obligation in cash, a company spokesperson said on Friday. The bond, which matured on Friday, had a $359.87 conversion price, but the electric carmaker's shares closed down 8 percent at $294.79, forcing the company to settle its largest ever debt payment in cash. Wall Street analysts, however, have...

  • DUBAI, Feb 14- Saudi Aramco has selected banks to arrange its first international debt sale, which will help it finance the acquisition of a stake in Saudi Arabian Basic Industries Corp, two sources familiar with the matter said on Thursday. The state oil giant has picked a group of banks including JPMorgan, Morgan Stanley, Citi, HSBC and Saudi Arabia's National...

  • DUBAI, Feb 14- Saudi Aramco has selected banks to arrange its first international debt sale which will help it finance the acquisition of a stake in Saudi Arabian Basic Industries Corp, a source familiar with the matter said on Thursday. Aramco, the worlds top oil producer, plans to issue its first international bonds in the second quarter of 2019, likely worth...

  • Feb 12- Marlboro maker Altria said on Tuesday it would issue bonds in the United States to help fund its purchase of a stake in fast-growing e-cigarette company Juul, a day after announcing a similar move in the European bond market. The Richmond, Virginia- based tobacco company will issue the U.S. bonds in six tranches in denominations of $2,000 as it looks to...

  • Feb 11- Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion purchase of a stake in e-cigarette maker Juul Labs Inc, the Marlboro maker said in a regulatory filing https://bit.ly/2thLVTO on Monday. The tobacco company said it would issue the bonds in four tranches in denominations of 100,000 euros as it...