Arctic Securities AS acted as sole arranger in connection with the placement of the new bond issue
Greece launched a five-year bond issue
on Thursday, marking its return to bond markets after four years of exclusion.
The bond issue
was successfully marketed in the US, Europe and Asia.
GIB's Riyadh branch appointed GIB Financial Services (GIBFS) as the mandated lead arranger of the bond issue
The plan for the bond issue
also specifies that 30 percent be issued to a California-based firm, and the remaining 40 percent be divided among other firms.
If GM gets a higher return on the money reaped from the bond issue
than what it costs, it's a winner.
This is the first yen bond issue
the Chinese government floats in the Japanese market in five years, Xinhua said.
In September the firm broke new ground as sole lead manager in a 10-year $300 million investment-grade bond issue
by Coca-Cola Enterprises Inc.
Conduit borrowers, underwriters, trustees or any other party with material interest in a bond issue
are no longer permitted to submit rulings requests themselves.
The bond issue
also increases PIDA's loan capacity over the next four years and does not effect the Authority's strong cash position, according to Commerce Secretary Andrew T.
Thus, while financial managers are now more likely to consider maturity length in structuring a new bond issue
for sale, it can be expected that duration will gradually supplant maturity as a consideration.
As a result, following the additional bond issue
later in 2007 MADS will be higher than expected when Fitch issued the original rating.