Securities and Exchange Commission, has affirmed the rating on the principal-at-risk variable-rate notes
issued by Azzurro Re I DAC, an Irish designated-activity company limited by shares authorized by the Central Bank of Ireland as a special purpose vehicle under the European Union (Insurance and Reinsurance) Regulations 2015 of Ireland.
These may include the redemption of its senior variable-rate notes
due 21 June 2012 or the redemption of the balance of the series D preferred shares held by the US Treasury.
The variable-rate notes
, issued last Thursday, mature in 2013 and benefit from an unconditional and irrevocable guarantee by the Danish government that ensures timely payment of interest and principal.
Axis Bank last sold dollar bonds in June 2007 when it raised USD60m from variable-rate notes
that are due in 2022.
Ramaswamy and Sundaresan (RS) (1986) extend the earlier work by Cox, Ingersoll, and Ross (CIR) (1980) to develop models for the valuation of variable-rate notes
incorporating coupon-averaging formulae and different contractual features that are normally observed in corporate floaters.
New York: Fitch Ratings affirms the rating on the principal-at-risk variable-rate notes
issued by Azzurro Re I DAC, an Irish designated-activity company limited by shares authorized by the Central Bank of Ireland as a special purpose vehicle under the European Union (Insurance and Reinsurance) Regulations 2015 of Ireland, as follows:
16 March 2012 - German lender Wuestenrot Bank sold on Thursday EUR50m (USD65.1m) in variable-rate notes
due on 20 March 2016, Reuters reported.
The UK-based building society placed the variable-rate notes
at par with a discount margin of three month-Libor plus 175 basis points.
15 March 2012 -- A unit of Australian bank Westpac (ASX:WBC) yesterday sold CHF275m (USD295m/EUR226.5m) variable-rate notes
maturing on 1 April 2015, Reuters reported.
13 December 2011 -- Australia's top lender National Australia Bank (ASX:NAB), or NAB, said today it had priced its AUD800m (USD807m/EUR611.5m) variable-rate notes
at 130 basis points over BBSW.
Specifically, the Turkish lender has empowered its board to issue a TRY550m bank bond due 29 May 2012 and variable-rate notes
worth TRY150m maturing on 27 November 2013.
27 January 2011 - Bank of America Corp (NYSE:BAC) yesterday issued at par USD1.5bn (EUR1.1bn) of variable-rate notes
, according to Thomson Reuters agency IFR.