Hints and tips:
...Please read Shakespeare (trust one who knows) — from Prof B C K Patel, University of Utah, US “Since many of the words in medicine are derived from Latin or Greek (or both!)...
...His new book, The Match King, tells the story of Ivar Kreuger, who bewitched investors and governments as he built a financial empire in the 1920s....
...Ivar Spurkeland, Bergen, Norway BH: There is a negative correlation between the dollar and oil (at least in recent years)....
...Many costly hurricanes in recent years have pushed P&C premiums sharply higher, and the absence of large claims from natural catastrophes this year have put Europe’s biggest insurance group on course to...
...The subordinated and perpetual issue is expected to receive a C-basket equity treatment by Moody’s Investors Service, meaning half the debt will be treated as equity....
...Standard & Poor’s rated the new Cell C bond BB-, one notch above Cell C’s B+ credit rating, reflecting its expectations of “full recovery of principal for senior secured noteholders in the event of a payment...
...Mr Robinson of F&C said the CDS market offered investors greater flexibility, such as choosing different maturities to cash bonds....
...In the high-yield market, there were signs of life as Cirsa, a Spanish gaming company, announced plans to sell €130m of bonds a day after Cell C, the South African mobile phone operator, sold €400m of notes...
...We now feel it is the right time to raise the risk on [our] fund,” Roman Gaiser, portfolio manager at F&C’s Strategic Bond Fund in London, said this week....
...“We’re looking to reduce our number of positions from about 110 to 70,” said Roman Gaiser, manager of the F&C European high-yield SICAV fund....
...RBS sold C$700m of bonds with a 10-year maturity that will qualify as lower tier 2 capital for regulatory purposes. The offer proved popular. Investors placed orders worth about C$950m for the paper....
...The bank is expected to sell at least C$400m of bonds with Deutsche Bank, Merrill Lynch and RBC Capital Markets acting as joint lead managers....
...The return on Triple C bonds will fall from 40 per cent now to about 15 per cent. In the mortgage-backed market, returns on Double B rated bonds will be negative under Basel II....
...Borrowers rated as low as Triple C, more than six levels below investment grade, have also issued euro bonds but the market remains predominantly high-grade....
...KfW also offered a C$500m bond issue with a 10-year maturity, which is expected to be priced today....
...Rentenbank, the German bank for the agriculture industry, issued a C$500m bond with a maturity of five years. TD Securities managed the sale....
...Rentenbank, Germany's agency bank for agriculture, on Thursday increased the size of its Canadian dollar issue by C$100m to C$600m, following strong demand....
...Ivar Simensen...
International Edition