Nuove_emissioni, collocamenti Nuove Emissioni

[gionmorg]

John Deere issued bond in the amount of 300 million €
5-year term, Guidance: Mid swap +60 bp
The farm equipment manufacturer John Deere issued a bond in the amount of € 300 million and a term of 5 years. Expected to be a spread of 60 basis points over mid swap. The transaction is Barclays Capital, Credit Suisse and HSBC accompanied.

Of the transaction:

Issuer: John Deere SA
Guarantor: John Deere Capital Corp..
Ratings: A2 (Moody's), A (S & P)
Volume: 300 million €
Coupon: n.bek.
Guidance: Mid swap +60 bp
Duration: 22/06/2016
Listing: London
Documentation: EMTN
Denomination: 100,000 € +1000
Bookrunner: Barclays Capital, Credit Suisse and HSBC

YTM 3.35 circa

 

[gionmorg]

Banque PSA Finance (Peugeot Citroen Bank) issued a EUR benchamrk bond
Duration of 4 years, yield should be close to 4%
Banque PSA Finance (Peugeot Citroen Bank) issued a EUR benchamrk bond with a duration of 4 years. The transaction is supported by Banca IMI, CA CIB, Commerzbank and HSBC. The amount of the coupon is not yet known.

The company has about 10 EUR-denominated bonds outstanding, including one with a term ending 14/01/2015 (WKN A1GK23), which has a coupon of 3.875% and is trading at about 100.20%. Therefore, should the yield on the IPO amount to just under 4%.

Of the transaction:

Issuer: Banque PSA Finance
Ratings: Moody's: Baa1, S & P: BBB (both stable)
Duration: 24/06/2015
Volume: EUR Benchmark
Coupon: fix, n.bek.
Listing: Luxembourg
Documentation: EMTN
Denomination: 100 000 + 1.000 €
Lead manager: Banca IMI, CA CIB, Commerzbank and HSBC
Timing: today in the placement

 

[gionmorg]

KTG Agrar - second corporate bond to € 20 million increase
KTG Agrar AG has its second corporate bond (ISIN: DE000A1H3VN9) aufgstockt 20 million €. Due to high demand from institutional and private investors, the subscription period on 7 June with a total volume of 50 million € terminated prematurely.

The bond is therefore introduced with a volume of 70 million € in the entry standard for corporate bonds.

Main features of the issue:
Issuer: KTG Agrar AG
WKN / ISIN: A1H3VN / DE000A1H3VN9
Duration: 06/05/2017
Interest Date: 06.06. all year
Coupon: 7.125%
Denomination: 1000 €
Rating: BBB (by Credit Reform)
Issue amount: 70 million €
Inst Sales: youmex Invest
Internet: KTG Agrar AG

 

[gionmorg]

New bond issue: PKO Bank Polski sells CHF 250m in 2016 bonds with 3.538% coupon

PKO Bank Polski (Poland) on June 13, 2011 placed CHF 250m in bonds with a 3.538% coupon, maturing in 2016. The bond was priced at 100% to yield 3.538%. Credit Suisse, BNP Paribas arranged the deal.

Issuer, issue number: PKO Bank Polski, 2016, CHF
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: CHF, 5000
Amount: 250 000 000
ISIN: CH0131858877
End of placement: Jun 13 2011
Issue price: 100
Yield at Pricing: 3.538%
Coupon: 3.538%
Coupon frequency: 1 time(s) per year
Settlement Date: Jul 07 2011
Maturity date: Jul 07 2016
Issue Managers: Credit Suisse, BNP Paribas
Trading floor: SIX
Issuer profile:
PKO Bank Polski is the largest and at the same time one of the oldests Polish banks. The brand prestige has been built for decades and many generations of Poles have used the Bank's services. We feel obliged by the long tradition and our customers' trust. For this reason PKO Bank Polski strives to be perceived as: A reliable, strong and competitive market Modern and innovative, customer-friendly and effectively managed Sensitive to the material and spiritual needs of society, caring for the development of its cultural awareness The Bank's offer of services is constantly adjusted to the changing market conditions and customers' growing requirements. Although competition on Poland's banking market is very strong, the Bank has for years remained its leader both in terms of business achievements and financial results. This position is strengthened by the largest sales network. Additionally, the Bank develops alternative distribution channels, installing new ATMs and more terminals. Customers may also use the electronic banking services offered by the iPKO brand.

Outstanding issues:
1 issue(s) outstanding worth EUR 800 000 000
1 issue(s) outstanding worth CHF 250 000 000

 

[gionmorg]

New bond issue: Corporacion Andina de Fomento sells JPY 10000m in 2015 bonds with 1.0% coupon

Corporacion Andina de Fomento (Venezuela) on June 10, 2011 placed JPY 10000m in bonds with a 1.0% coupon, maturing in 2015. The bond was priced at 100%. Daiwa Securities arranged the deal.

Issuer, issue number: Corporacion Andina de Fomento, 2015, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000
Amount: 10 000 000 000
ISIN: JP500113AB65
End of placement: Jun 10 2011
Issue price: 100
Yield at Pricing: 1%
Coupon: 1.0%
Coupon frequency: 2 time(s) per year
Settlement Date: Jun 30 2011
Maturity date: Jun 30 2015
Issue Managers: Daiwa Securities
Trading floor: OTC Market
Issuer profile:
Corporación Andina de Fomento (CAF) (Andean Development Corporation) is a multilateral financial institution, more specifically a development bank, that provides banking services to both public and private clients. CAF is the main source of multilateral financing of the Andean region. As of 2002, the institution had $5 billion in authorized capital. CAF is headquartered in Caracas, Venezuela. Additionally, it has Representative Offices in the cities La Paz, Brasilia, Bogota, Quito and Lima.

Outstanding issues:
4 issue(s) outstanding worth USD 1 750 000 000
2 issue(s) outstanding worth EUR 750 000 000
1 issue(s) outstanding worth CHF 380 000 000
3 issue(s) outstanding worth JPY 24 400 000 000

 

[gionmorg]

Wienerberger plans to further corporate bond
Term 7 years, in excess of 100 million €
Wienerberger AG is planning to issue a further corporate bond with a volume of at least € 100 million and a term of 7 years. As mandated book-runners were Raiffeisen International Bank and UniCredit Bank Austria.

The company has already issued two corporate bonds and a subordinated bond. The bond issued in April 2010 (2010-14, WKN A1AVL0) has a coupon of 4.875% and is trading at about 103.40%. The yield (YTM) is around 3.7%.

Wienerberger is with 245 plants across the Group in 27 countries around the world's largest brick producer and No. 1 in clay roof tiles in Europe and market leader in concrete pavers in Central Eastern Europe. The company generated 2010 sales of 1.7 billion €

Of the transaction:
Issuer: Wienerberger AG
Rating: BB, Ba1
Format: Senior, unsecured
Duration: July 2018 (7 years)
Listing: Vienna Stock Exchange
Bookrunner: Raiffeisen International Bank and UniCredit Bank Austria
Internet: Wienerberger - Wienerberger. Bricks, roof tiles and pavers.

 

[gionmorg]

New bond issue: Banco Safra sells BRL 400m in 2015 bonds with 10.0% coupon

Banco Safra (Brazil) on June 16, 2011 placed BRL 400m in bonds with a 10.0% coupon, maturing in 2015. The bond was priced at 99.627% to yield 10.125%. Banco Safra, BofA Merrill Lynch arranged the deal.

Issuer, issue number: Banco Safra, 2015, BRL
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: BRL, 100000
Amount: 400 000 000
End of placement: Jun 16 2011
Issue price: 99.627
Yield at Pricing: 10.125%
Coupon: 10.0%
Settlement Date: Jun 2011
Maturity date: Jun 2015
Issue Managers: Banco Safra, BofA Merrill Lynch
Issuer profile:
Banco Safra S.A. is a important and respected player in the Brazilian and international banking sector, ranking among the country’s ten largest private sector financial institutions in terms of total assets. A full-service commercial bank, Banco Safra S.A. operates in all areas of the financial sector, serving the needs of its clients nationwide. Through its major Brazilian subsidiaries, Banco Safra de Investimento S.A., Safra Leasing S.A. Arrendamento Mercantil, Safra Seguros Gerais S.A., Safra Vida e Previdência S.A., Safra Distribuidora de Títulos e Valores Mobiliários and Safra Corretora de Valores e Câmbio Ltda., the bank’s activities extend beyond traditional lending operations to leasing, securities underwriting, investment fund management, brokerage, insurance and credit card operations. The bank is also active in trade finance, asset management and treasury operations.

Outstanding issues:
3 issue(s) outstanding worth USD 1 000 000 000
1 issue(s) outstanding worth BRL 400 000 000

 

[gionmorg]

New bond issue: Koks sells USD 350m in 2016 bonds

Koks (Russia) on June 16, 2011 placed USD 350m in bonds, maturing in 2016. The bond was priced to yield 7.75%. BofA Merrill Lynch, Credit Suisse, Sberbank, Troika Dialog, VTB Capital arranged the deal.

Issuer, issue number: Koks, 2016 (LPN)
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 100000
Amount: 350 000 000
End of placement: Jun 16 2011
Yield at Pricing: 7.75%
Settlement Date: Jun 2011
Maturity date: Jun 2016
Issue Managers: BofA Merrill Lynch, Credit Suisse, Sberbank, Troika Dialog, VTB Capital
Issuer profile:
Kemerovskiy Koksokhimicheskiy Zavod OAO (Kemerovo Coke and Chemicals Plant, or Koks) produces coke of various types. Shareholders: Boris Zubitsky 29.23%, Yevgeniy Zubitsky 34.27%, Andrey Zubitsky 24.84%.

Outstanding issues:
2 issue(s) outstanding worth RUR 10 000 000 000
1 issue(s) outstanding worth USD 350 000 000

Issuer's rating:
Moody's Investors Service B2 Int. Scale (foreign curr) 31.01.2011
Moody's Investors Service B2 Int. Scale (loc. curr.) 31.01.2011
Standard & Poor's B/Stable Int. Scale (foreign curr.) 11.02.2011
Standard & Poor's B/Stable Int. Scale (loc. curr.) 11.02.2011
Moody's Interfax Rating Agency Baa1.ru National Scale (Russia) 31.01.2011

 

[gionmorg]

New bond issue: Dubai sells USD 500m in 2021 bonds with 5.591% coupon

Dubai on June 15, 2011 placed USD 500m in bonds with a 5.591% coupon, maturing in 2021 and puttable in 2016. The bond was priced at par. Emirates NBD, HSBC, National Bank of Abu Dhabi, RBS, UBS arranged the deal.

Issuer, issue number: Dubai, 2021
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 100000
Amount: 500 000 000
ISIN: XS0640032594
End of placement: Jun 15 2011
Issue price: 100
Yield at Pricing: 5.591%
Coupon: 5.591%
Settlement Date: Jun 22 2011
Maturity date: Jun 22 2021
Issue Managers: Emirates NBD, HSBC, National Bank of Abu Dhabi, RBS, UBS
Issuer profile:
Dubai is one of the seven emirates of the United Arab Emirates (UAE). It is located south of the Persian Gulf on the Arabian Peninsula. Dubai has the largest population and is the second-largest emirate by area, after Abu Dhabi. Dubai and Abu Dhabi are the only two emirates to possess veto power over critical matters of national importance in the country's legislature.

Outstanding issues:
3 issue(s) outstanding worth AED 9 000 000 000
4 issue(s) outstanding worth USD 3 000 000 000

 

[gionmorg]

New bond issue: African Bank sells USD 300m in 2016 bonds with 6.0% coupon

African Bank (South Africa) on June 15, 2011 placed USD 300m in bonds with a 6.0% coupon, maturing in 2016. The bond was priced at 99.796%. Credit Suisse, Goldman Sachs, Rand Merchant Bank (Firstrand Bank), Standard Chartered Bank arranged the deal.

Issuer, issue number: African Bank, 2016
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 300 000 000
ISIN: XS0638008051
End of placement: Jun 15 2011
Issue price: 99.796
Coupon: 6.0%
Coupon frequency: 2 time(s) per year
Settlement Date: Jun 15 2011
Maturity date: Jun 15 2016
Issue Managers: Joint bookrunners and lead managers: Credit Suisse, Goldman Sachs, , Standard Chartered Bank; Co-manager: Rand Merchant Bank (Firstrand Bank)
Trading floor: London S.E.
Issuer profile:
African Bank Limited (ABL), commonly referred to as African Bank, is a commercial bank in the Republic of South Africa. It is licensed as a "locally-controlled bank" by the Reserve Bank of South Africa. The bank is a subsidiary of its holding company called African Bank Investments Limited (Abil). The bank's headquarters are located in Midrand, South Africa.

Outstanding issues:
1 issue(s) outstanding worth USD 300 000 000