(Bloomberg) -- Hyundai Card Co., South Korea's third-largest credit card issuer by assets, hired Barclays Capital, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG to sell dollar-denominated bonds overseas, according to an e- mail sent to investors.
The company will meet investors in Hong Kong on April 23, Frankfurt on April 24 and London on April 25, according to the e- mail. The three-year bonds are rated BBB by Standard & Poor's, its second-lowest investment grade rating, the e-mail said. Barclays Capital is an investment unit of Barclays Plc.
Read more at Bloomberg Bonds News
Monday, April 16, 2007
South Korea's Hyundai Card Hires Banks to Sell Three-Year Bonds Overseas
(Bloomberg) -- Hyundai Card Co., South Korea's third-largest credit card issuer by assets, hired Barclays Capital, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG to sell dollar-denominated bonds overseas, according to an e- mail sent to investors.
The company will meet investors in Hong Kong on April 23, Frankfurt on April 24 and London on April 25, according to the e- mail. The three-year bonds are rated BBB by Standard & Poor's, its second-lowest investment grade rating, the e-mail said. Barclays Capital is an investment unit of Barclays Plc.
Read more at Bloomberg Bonds News
The company will meet investors in Hong Kong on April 23, Frankfurt on April 24 and London on April 25, according to the e- mail. The three-year bonds are rated BBB by Standard & Poor's, its second-lowest investment grade rating, the e-mail said. Barclays Capital is an investment unit of Barclays Plc.
Read more at Bloomberg Bonds News
U.K. Pound Trades Near Highest Since 1992 Before Consumer Price Report
(Bloomberg) -- The pound traded near a 15-year high against the dollar before a U.K. report expected to show inflation was at the second-fastest rate in a decade last month.
The U.K. currency yesterday rallied to its strongest since September 1992 as reports showed housing costs rose and factory- gate prices increased the most in 11 months. The prospect of further interest-rate increases by the Bank of England prompted investors to buy U.K. assets using funds borrowed in lower- yielding currencies such as the yen and Swiss franc.
Read more at Bloomberg Currencies News
The U.K. currency yesterday rallied to its strongest since September 1992 as reports showed housing costs rose and factory- gate prices increased the most in 11 months. The prospect of further interest-rate increases by the Bank of England prompted investors to buy U.K. assets using funds borrowed in lower- yielding currencies such as the yen and Swiss franc.
Read more at Bloomberg Currencies News
Fidelity's High-Yield Asia Fund Focuses on Bonds, Aims for $500 Million
(Bloomberg) -- Fidelity International Ltd., which manages $580 billion, launched its first fund to invest primarily in the high-yield debt of Asian emerging markets.
Andrew Wells, a Fidelity fund manager based in Hong Kong, said the Asian High Yield Fund aims to raise $500 million ``in a short space of time'' from investors in the region. The minimum individual investment is $2,500.
Read more at Bloomberg Bonds News
Andrew Wells, a Fidelity fund manager based in Hong Kong, said the Asian High Yield Fund aims to raise $500 million ``in a short space of time'' from investors in the region. The minimum individual investment is $2,500.
Read more at Bloomberg Bonds News
Oil moves up on pipeline leak, US inventory worry
(Reuters) - Oil edged up on Tuesday as a leak on a Canadian pipeline that pumps crude to the United States helped recoup deeper losses caused by news that a big Nigerian field was about to resume pumping after a year-long halt.
London Brent crude futures on the ICE exchange rose 32 cents to $67.57 a barrel by 0355 GMT, after falling $1.38 on Monday. Traders say Brent now better reflects the global market than landlocked benchmark U.S. crude, which traded up 1 cent at $63.62 a barrel after ceding only 2 cents on Monday.
Read more at Reuters Africa
London Brent crude futures on the ICE exchange rose 32 cents to $67.57 a barrel by 0355 GMT, after falling $1.38 on Monday. Traders say Brent now better reflects the global market than landlocked benchmark U.S. crude, which traded up 1 cent at $63.62 a barrel after ceding only 2 cents on Monday.
Read more at Reuters Africa
HSBC Says It Advised on $30 Billion of Middle East Projects During 2006
(Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank by market value, said it won advisory mandates for Middle East projects worth over $30 billion in 2006, as the region became the world's largest market for project finance.
Water, power and petrochemical projects in Saudi Arabia, Oman and the United Arab Emirates led regional demand for long- term funding, the London-based lender said in an e-mailed statement today.
Read more at Bloomberg Bonds News
Water, power and petrochemical projects in Saudi Arabia, Oman and the United Arab Emirates led regional demand for long- term funding, the London-based lender said in an e-mailed statement today.
Read more at Bloomberg Bonds News
Copper Little Changed After Erasing Gains in Shanghai; Zinc, Aluminum Rise
(Bloomberg) -- Copper prices in Shanghai, which earlier rose near a seven-month high on concern that supplies may lag behind demand, were little changed ahead of talks today that may avert a workers' protest at the world's second-largest mine.
Copper stockpiles monitored by London, New York and Shanghai exchanges are near the lowest since Jan. 30. Prices of copper on the benchmark London Metal Exchange have rebounded 47 percent since early February to just below $8,000 a metric ton, referred to as a resistance level, where sell orders cluster.
Read more at Bloomberg Commodities News
Copper stockpiles monitored by London, New York and Shanghai exchanges are near the lowest since Jan. 30. Prices of copper on the benchmark London Metal Exchange have rebounded 47 percent since early February to just below $8,000 a metric ton, referred to as a resistance level, where sell orders cluster.
Read more at Bloomberg Commodities News
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