Global Banking News-January 11, 2013--Standard and Poor's rates straight bonds
from Sumitomo Mitsui(C)2013 ENPublishing - http://www.enpublishing.co.uk
BANKING AND CREDIT NEWS-July 5, 2012--Kansai Electric to sells straight bonds
via Mizuho, Mitsubishi UFJ Morgan Stanley(C)2012 M2 COMMUNICATIONS http://www.m2.com
Under the deal, signed with PKO Bank Polski SA, Pekao SA, Bank Zachodni WBK SA, Bank Handlowy and Nordea Bank Polski SA, Enea will sell up to PLN4bn (USD1.2bn/EUR941m) worth of straight bonds
to meet its operational and investment goals.
Public offerings of straight bonds
in Japan by domestic companies totaled 515.4 billion yen in April, an all-time low for the month since the issuance of corporate bonds was completely liberalized in 1996, SMBC Nikko Securities Inc.
Tokyo, Oct 13, 2010 - (JCN Newswire) - Fujitsu Limited (the "Company") announced today that it has determined the terms of its Twenty-Sixth Series Unsecured Straight Bonds
(with inter-bond pari passu clause) and Twenty-Seventh Series Unsecured Straight Bonds
(with inter-bond pari passu clause), both of which will be offered and issued in Japan.
Bank of Tokyo Mitsubishi UFJ, a unit of Mitsubishi UFJ Financial Group Inc (MUFG) (NYSE: MTU) (TYO: 8306) (8306.MU), is planning to issue between JPY100bn and JPY140bn in straight bonds
in the second half of 2010, Dow Jones has reported citing a separate report by the Nikkei.
Toyota Motor Corporation (Toyota) (NYSE: TMC) (LSE: TYT) (TYO: 7203), a Japan-based automaker, is issuing JPY100bn in straight bonds
, according to the Nikkei business daily.
said Tuesday it will float 70 billion yen in 7-year straight bonds
with a coupon of 1% per annum.
The straight bonds
will be issued with a coupon of 0.96% and at 99.95 yen against the face value of 100 yen, yielding 0.967% to subscribers on a semiannually compounded basis, NTT DoCoMo said in a statement.
Small- to medium-sized firms are taking the lead in equity financing's comeback, while blue-chip firms with strong credit ratings still favour straight bonds
, a cheaper fundraising tool given the nation's ultra-low interest rates.
But despite the difficult year for convertibles in 1994, the interest-rate increases took an even greater toll on straight bonds
. The same increases that did so much damage to bond prices last year have brought convertible yields to the 6-percent to 7-percent range, which is as good as or better than that available on money-market investments.
Bank of Tokyo-Mitsubishi UFJ, a unit of Mitsubishi UFJ Financial Group Inc (MUFG)(NYSE: MTU)(TYO: 8306)(8306.MU) is planning to issue subordinated straight bonds
locally for retail investors, the Nikkei has reported.