Nuove_emissioni, collocamenti Nuove Emissioni (4 lettori)

[gionmorg]

New bond issue: KEXIM sells JPY 58400m in 2013 bonds with 0.930% coupon

KEXIM (Korea) on June 28, 2011 placed JPY 58400m in bonds with a 0.930% coupon, maturing in 2013. BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho arranged the deal.

Issuer, issue number: KEXIM, 2013, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000000
Amount: 58 400 000 000
End of placement: Jun 28 2011
Coupon: 0.930%
Settlement Date: Jul 2011
Maturity date: Jul 2013
Issue Managers: BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho
Issuer profile:
The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business. Since its establishment in 1976, the bank has actively supported Korea's export-led economy and facilitated economic cooperation with foreign countries. Korea Eximbank's primary services include export loans, trade finance, and guarantee programs structured to meet the needs of clients in a direct effort to both complement and strengthen the clients' competitiveness in global markets. The bank also provides overseas investment credit, natural resources development credit, import credit, and information services related to business opportunities abroad. Furthermore, the bank is responsible for the operation of two government funds: the Economic Development Cooperation Fund (EDCF), a Korean Official Development Assistance program, and the Inter-Korean Cooperation Fund (IKCF), an economic cooperation program with North korea. The bank strives to become "Your Partner for Global Business" as reflected in its vision by continuously fostering innovation and development throughout its operations.

Outstanding issues:
14 issue(s) outstanding worth HKD 3 449 000 000
9 issue(s) outstanding worth USD 8 310 000 000
2 issue(s) outstanding worth CHF 750 000 000
2 issue(s) outstanding worth BRL 399 000 000
1 issue(s) outstanding worth AUD 38 000 000
1 issue(s) outstanding worth PHP 11 350 000 000
4 issue(s) outstanding worth INR 16 687 000 000
5 issue(s) outstanding worth JPY 124 000 000 000
1 issue(s) outstanding worth THB 2 200 000 000
2 issue(s) outstanding worth IDR 4 551 020 000 000
1 issue(s) outstanding worth CNY 330 000 000
1 issue(s) outstanding worth SGD 250 000 000

 

[gionmorg]

New bond issue: KEXIM sells JPY 11600m in 2014 bonds with 1.060% coupon

KEXIM (Korea) on June 28, 2011 placed JPY 11600m in bonds with a 1.060% coupon, maturing in 2014. BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho arranged the deal.

Issuer, issue number: KEXIM, 2014, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000000
Amount: 11 600 000 000
End of placement: Jun 28 2011
Coupon: 1.060%
Settlement Date: Jul 2011
Maturity date: Jul 2014
Issue Managers: BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho
Issuer profile:
The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business. Since its establishment in 1976, the bank has actively supported Korea's export-led economy and facilitated economic cooperation with foreign countries. Korea Eximbank's primary services include export loans, trade finance, and guarantee programs structured to meet the needs of clients in a direct effort to both complement and strengthen the clients' competitiveness in global markets. The bank also provides overseas investment credit, natural resources development credit, import credit, and information services related to business opportunities abroad. Furthermore, the bank is responsible for the operation of two government funds: the Economic Development Cooperation Fund (EDCF), a Korean Official Development Assistance program, and the Inter-Korean Cooperation Fund (IKCF), an economic cooperation program with North korea. The bank strives to become "Your Partner for Global Business" as reflected in its vision by continuously fostering innovation and development throughout its operations.

Outstanding issues:
14 issue(s) outstanding worth HKD 3 449 000 000
9 issue(s) outstanding worth USD 8 310 000 000
2 issue(s) outstanding worth CHF 750 000 000
2 issue(s) outstanding worth BRL 399 000 000
1 issue(s) outstanding worth AUD 38 000 000
1 issue(s) outstanding worth PHP 11 350 000 000
4 issue(s) outstanding worth INR 16 687 000 000
5 issue(s) outstanding worth JPY 124 000 000 000
1 issue(s) outstanding worth THB 2 200 000 000
2 issue(s) outstanding worth IDR 4 551 020 000 000
1 issue(s) outstanding worth CNY 330 000 000
1 issue(s) outstanding worth SGD 250 000 000

 

[gionmorg]

New bond issue: KEXIM sells JPY 10000m in 2016 bonds with 1.320% coupon

KEXIM (Korea) on June 28, 2011 placed JPY 10000m in bonds with a 1.320% coupon, maturing in 2016. BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho arranged the deal.

Issuer, issue number: KEXIM, 2016, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000000
Amount: 10 000 000 000
End of placement: Jun 28 2011
Coupon: 1.320%
Settlement Date: Jul 2011
Maturity date: Jul 2016
Issue Managers: BofA Merrill Lynch, Citigroup, Daiwa Securities, Mizuho
Issuer profile:
The Export-Import Bank of Korea (Korea Eximbank) is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business. Since its establishment in 1976, the bank has actively supported Korea's export-led economy and facilitated economic cooperation with foreign countries. Korea Eximbank's primary services include export loans, trade finance, and guarantee programs structured to meet the needs of clients in a direct effort to both complement and strengthen the clients' competitiveness in global markets. The bank also provides overseas investment credit, natural resources development credit, import credit, and information services related to business opportunities abroad. Furthermore, the bank is responsible for the operation of two government funds: the Economic Development Cooperation Fund (EDCF), a Korean Official Development Assistance program, and the Inter-Korean Cooperation Fund (IKCF), an economic cooperation program with North korea. The bank strives to become "Your Partner for Global Business" as reflected in its vision by continuously fostering innovation and development throughout its operations.

Outstanding issues:
14 issue(s) outstanding worth HKD 3 449 000 000
9 issue(s) outstanding worth USD 8 310 000 000
2 issue(s) outstanding worth CHF 750 000 000
2 issue(s) outstanding worth BRL 399 000 000
1 issue(s) outstanding worth AUD 38 000 000
1 issue(s) outstanding worth PHP 11 350 000 000
4 issue(s) outstanding worth INR 16 687 000 000
5 issue(s) outstanding worth JPY 124 000 000 000
1 issue(s) outstanding worth THB 2 200 000 000
2 issue(s) outstanding worth IDR 4 551 020 000 000
1 issue(s) outstanding worth CNY 330 000 000
1 issue(s) outstanding worth SGD 250 000 000

 

[gionmorg]

Katjes International pays 7.125%
Subscription period 04.07.-15.07.2011
The subscription period for bonds Katjes International runs from 04.07.-15.07.2011. The coupon is 7.125%. The listing on the SME market of the Düsseldorf stock exchange is planned for 19.07.2011. The transaction is accompanied by IKB. of the transaction: Issuer: Katjes International
Coupon: 7.125%
subscription period: 04.07.-15.07.2011
listing: 19/07/2011 Running
Time: 18/07/2016 Denomination:
EUR 1,000
corporate credit rating: BB + (by Creditreform Rating)
Listing: SME market, Dusseldorf Stock Exchange
Symbol: A1KRBM
covenants: Change of Control (Change of Control)
Others: Premature termination of the issuer's right to 102% to 101% on 07/19/2014 and on 07/19/2015

 

[gionmorg]

Brenntag plans bond issue, road show starts on Friday
Bank of America Merrill Lynch, German Bank, Goldman Sachs International and UniCredit mandated as bookrunner
Just yesterday, Brenntag, the global leader in chemical distribution, announced a comprehensive refinancing. Consequently, new syndicated credit facilities have been signed for the equivalent of more than 1.8 billion euros successfully. The company has not been published previously, that she also plans to issue a corporate bond. Bank of America Merrill Lynch, German Bank, Goldman Sachs International and UniCredit were mandated as bookrunner. Standard & Poor's and Moody's have raised Brenntag's credit rating to BBB-or Ba1 recently. Fixed Income The road show starts on 1 July in Frankfurt. Other dates are in London (04.07.), Paris (05.07.) And in Amsterdam (06.07.) Planned.

 

[gionmorg]

Bonds Check: automotive machine Spaichingen grow significantly through production start-ups
New generation brings Daimler engine in the current year a growth spurt
The Maschinenfabrik GmbH Spaichingen issued a corporate bond with a volume of up to 30 million €. The coupon is 7.25%. The subscription period runs from 29.06. until 12.07.2011. Private investors can draw using market orders. High level of competence in the areas of engine technology and welding technology Founded in 1965, Maschinenfabrik Spaichingen is primarily in the areas of engine technology (77% share of sales) and welding equipment (23%) worked. The business engine technology is the main business of MS and includes the manufacturing, processing and assembly of mechanical components and assemblies such as gear boxes, rocker arms, rocker arms and valve bridges to complete the valve train systems, with emphasis on the commercial vehicle industry. She is also active in this business as a supplier to the construction and shipping industries as well as stationary power units. The biggest customers are in the business technology Daimler engine, the Daimler subsidiary Detroit Diesel Corporation, and MAN. For these customers, the MS with its production sites in Germany and the U.S. as A-supplier (ie, preferred supplier) work, and rocker arms, valve bridges, valve train systems of MS in vehicles these companies are in operation worldwide. In the delivery of the valve train system for the new Daimler engine generation "Blue Efficiency Power OM 47X" (heavy trucks), the machine Spaichingen is also single-source supplier. The business field welding technology includes consulting, development, manufacturing, assembly and distribution and Service of special machines for welding, cutting and processing of plastic parts (automotive parts and packaging) using ultrasonic, hot air and heating contact. To respect the wishes of the customer service, sales and service needs, was a worldwide service and sales network to include branches set up in the U.S., Britain, France, Sweden, China, Korea and Brazil. In addition, the MS is operating since the spring of 2009 in the development, manufacture and marketing of individual ultrasonic welding systems for use in the packaged goods industry. The company has production plants in Spaichingen, Tuttlingen (over 450 employees) and in the subsidiaries MS PowerTec GmbH Zittau (17 employees) and MS in Fowlerville Industries Inc. near Detroit, USA (over 150 employees). The Maschinenfabrik GmbH Spaichingen belongs to 94% for listed industrial holding company GCI Industrie AG. In the field of engine technology is expected long-term positive development of the global commercial vehicle production with a growth rate of 5.8% per annum until 2015. Drivers of development are the growth of commercial vehicle markets in Asia and America. In addition, the force in 2010 and 2012 more stringent emission standards for trucks in the U.S. (EPA 10) and lead in the EU (Euro 6 standard) in the next few years to an increased need for replacement of commercial vehicles. Business 2009 was marked by a decline in Revenues increased 15% to EUR 68.3 million marked. In 2010, Group sales increased by the stimulation of various product launches and existing business by 39% to 94.8 million euros. EBIT rose last year from € 0.8 million to 4.6 million €. The net income climbed from € 3.4 million to 2.2 million €. With the delivery of the valve train system for heavy commercial vehicles, the machine Spaichingen from component suppliers to a system supplier. Especially in engine technology will therefore expect a significant increase in sales. In the current year should increase the company's sales by 48% to € 140.5 million. EBIT is expected to rise by € 4.9 million to 7.3 million €. In the coming year sales increase appears to over 180 million euros and an EBIT of 11.8 million euros realistic. The analytically adjusted equity ratio at 31 December 2010 with total assets of 72.7 million euros around 19%. First time in 2010 development costs were capitalized in the volume of 1.0 million euros under the heading of new technologies in fixed assets. The ratio of EBIT to interest coverage was 1.5. funds In August 2012 profit participation certificates from the standard mezzanine program PREPS 2005-1 in the amount of 10 million € will be charged. The bond issue of € 30 million to a third each to refinance the capital participation rights, the share of refinancing of a syndicated loan and will be used to improve our financial flexibility. The medium term to 2013, planned construction of a production plant in China was in the planning has not yet considered. Conclusion: The machine Spaichingen expected this year especially in engine technology to grow with new series launches. Including through the force since last year emission standard EPA 10 in the USA and in Europe from 2012 € 6-standard should be applicable to commercial vehicles, the replacement demand to rise significantly, according to market forecasts. With the delivery of the valve train system for the new Daimler engine generation "Blue Efficiency Power 47X OM" that meets both standards, the company has also developed a system supplier. Due to the strong and profitable growth, especially in engine technology, is likely to result in improved credit rating next year. A drawing of the bond should therefore pay off for investors.

Issuer: Maschinenfabrik GmbH Spaichingen
WKN / ISIN: A1KQZL / DE000A1KQZL5
Coupon: 7.25%
Offer Period: 29.06.-07.12.2011 (12.00 clock)
IPO: 15.07.2011
Duration: 15.07.2016 until
interest payment: yearly, payable on 15.07.
Rating BB (corporate credit rating by Euler Hermes Rating)
covenants: Change of Control (control change), negative pledge (negative obligation)
segment: entry standard for corporate bonds,
global coordinator: Close Brothers bank
internet: Ein Unternehmen ? viele Erfolge

 

[gionmorg]

Bonds Check: SAG Solar - draw
Strong first quarter can expect a good full-year result
PV is a building block towards the energy revolution. Of which would benefit the SAG Solar AG, based in Freiburg. The company, whose shares in the Prime Standard note, issued to finance the growth of another corporate bond with a volume of 25 million €. With a term of six years, the company offers a coupon of 7.50%. The extremely positive development in the first quarter can also expect continued strong growth. Company SAG Solar AG is a vendor-independent provider of high quality photovoltaic systems. The business is organized into four business segments, designing and construction, partner sales, operation of facilities and services, and electricity production. The division engineering and plant construction, the Project Development and construction of photovoltaic systems of all sizes - from small systems for private house roofs on rooftop installations or building integrated systems for municipal building, factory or logistics halls to open-space systems with a total capacity in MWp double-digit range. To ensure cost-efficient processing for small solar projects, small plants outside the region of Freiburg usually be planned and built by partner companies. These revenues are recognized in the business segment sales partner. This segment covers the activities of national and international partners SAG Solar AG. While in Germany, the company already has an established network of partners and resilient with strong sales and approximately 40 exclusive distributors, the distribution partner abroad is still under construction. The distribution partners are supported by the SAG Solar AG in consulting, planning and development, technical support and related components through the central purchasing department. In the area of plant operations and services will yield reports, solar energy forecasts, satellite navigation, past and present solar radiation data and services related to plant operation, System monitoring and asset optimization and in long-term perspective also provided repowering. The 100% owned subsidiary meteocontrol world leader in the monitoring of photovoltaic systems. Engineers monitor the world's 22 000 units with a capacity of 3.3 GWp. SAG holds in solar power generation plants of all sizes and with different system configurations and components in stock. Currently the company owns photovoltaic systems in Germany, Switzerland, Austria, Spain and the Czech Republic with a total capacity of currently around 25 MWp (25 million kWh per year). In addition to four locations in Germany, the company has subsidiaries in Italy, Spain, Austria, Switzerland, Czech Republic, France, and active in the U.S.. The subsidiary meteocontrol their monitoring services already offers in the world. Strong first quarter for the first quarter of this year, SAG could boost solar energy sales of 31.3 million euros in Q1 2010 to 78.9 million euros. EBIT rose from € 1.6 million to 5.1 million €. Net income rose from 1.0 to 2.5 million €. Essential for success in the first quarter was a significant increase in sales in the division "Design and construction", in the division's sales increased from EUR 10.9 million to 68.9 million euros. Main revenue driver was a 48-MWp project in Italy. In addition, planned and sold the SAG group of companies in the first quarter of photovoltaic projects in Italy, France, Spain and Germany. With total assets of € 217 million (31.03.2011) the Company has an equity ratio of 25.3%. has for the full year 2011, the company generated sales 260-280 million € (previous year 201 million Euro) and EBIT 16 to 18 million € (previous year:. € 13.1 million) envisaged provided the bond , the new (second) SAG Solar-bond has a maturity of six years and a coupon of 7.50 %. As with the first, in November last year, bond issues is the emission volume of 25 million €. Private investors can, as usual in state bond funds, characterized by a stock exchange order. Conclusion: The company is internationally and therefore much less dependent on a change in the regulatory environment than many other companies in the photovoltaic sector. With its own solar power plants and the monitoring of facilities by the subsidiary meteocontrol earned SAG Solar stable cash flows. The company is growing profitably. With a coupon of 7.50%, the new SAG bond is one of the most promising loans from the field of renewable energies. Christian Schiffmacher, Robert Cleve key data of the new SAG Solar Bond

WKN / ISIN: A1K0K5 / DE000A1K0K53
Running Time: 10/07/2017
Interest rate futures : 10.07. all year round
Coupon: 7.50% Denomination:
EUR 1,000 corporate credit
rating: BBB + (Creditreform Rating)
Issue amount: € 25 million

 

[gionmorg]

Imperial Tobacco issued bonds with a maturity of 7 years
Whisper: Mid Swap +150 to 155 basis points
Imperial Tobacco issued a bond with a maturity of 7 years. Expect a spread 150-155 basis points over mid swap. The transaction is accompanied by Barclays Capital, RBS, Santander and Societe Generale CIB. of the transaction:

Issuer: Imperial Tobacco
Rating: Baa3, BBB (both with stab. outlook)
format: senior secured
volume: EUR benchmark
Whisper: Mid swaps +150 to 155 basis points
Denomination: 100.000 + 1000 €
covenants: Change of Control, Non-Investment Grade Step-up
Bookrunner: Barclays Capital, RBS, Santander and Societe Generale CIB

YTM 4.61/4.66 ca

 

[mago gambamerlo]

New Issue

Euro / Rep. of Croatia / 7 anni / aprox 6.1 % / Baa3 (stable) / BBB- (neg.) / 100 K + 1 K

 

[MvArrow]

Bonds Check: automotive machine Spaichingen grow significantly through production start-ups
New generation brings Daimler engine in the current year a growth spurt
The Maschinenfabrik GmbH Spaichingen issued a corporate bond with a volume of up to 30 million €. The coupon is 7.25%. The subscription period runs from 29.06. until 12.07.2011. Private investors can draw using market orders. High level of competence in the areas of engine technology and welding technology Founded in 1965, Maschinenfabrik Spaichingen is primarily in the areas of engine technology (77% share of sales) and welding equipment (23%) worked. The business engine technology is the main business of MS and includes the manufacturing, processing and assembly of mechanical components and assemblies such as gear boxes, rocker arms, rocker arms and valve bridges to complete the valve train systems, with emphasis on the commercial vehicle industry. She is also active in this business as a supplier to the construction and shipping industries as well as stationary power units. The biggest customers are in the business technology Daimler engine, the Daimler subsidiary Detroit Diesel Corporation, and MAN. For these customers, the MS with its production sites in Germany and the U.S. as A-supplier (ie, preferred supplier) work, and rocker arms, valve bridges, valve train systems of MS in vehicles these companies are in operation worldwide. In the delivery of the valve train system for the new Daimler engine generation "Blue Efficiency Power OM 47X" (heavy trucks), the machine Spaichingen is also single-source supplier. The business field welding technology includes consulting, development, manufacturing, assembly and distribution and Service of special machines for welding, cutting and processing of plastic parts (automotive parts and packaging) using ultrasonic, hot air and heating contact. To respect the wishes of the customer service, sales and service needs, was a worldwide service and sales network to include branches set up in the U.S., Britain, France, Sweden, China, Korea and Brazil. In addition, the MS is operating since the spring of 2009 in the development, manufacture and marketing of individual ultrasonic welding systems for use in the packaged goods industry. The company has production plants in Spaichingen, Tuttlingen (over 450 employees) and in the subsidiaries MS PowerTec GmbH Zittau (17 employees) and MS in Fowlerville Industries Inc. near Detroit, USA (over 150 employees). The Maschinenfabrik GmbH Spaichingen belongs to 94% for listed industrial holding company GCI Industrie AG. In the field of engine technology is expected long-term positive development of the global commercial vehicle production with a growth rate of 5.8% per annum until 2015. Drivers of development are the growth of commercial vehicle markets in Asia and America. In addition, the force in 2010 and 2012 more stringent emission standards for trucks in the U.S. (EPA 10) and lead in the EU (Euro 6 standard) in the next few years to an increased need for replacement of commercial vehicles. Business 2009 was marked by a decline in Revenues increased 15% to EUR 68.3 million marked. In 2010, Group sales increased by the stimulation of various product launches and existing business by 39% to 94.8 million euros. EBIT rose last year from € 0.8 million to 4.6 million €. The net income climbed from € 3.4 million to 2.2 million €. With the delivery of the valve train system for heavy commercial vehicles, the machine Spaichingen from component suppliers to a system supplier. Especially in engine technology will therefore expect a significant increase in sales. In the current year should increase the company's sales by 48% to € 140.5 million. EBIT is expected to rise by € 4.9 million to 7.3 million €. In the coming year sales increase appears to over 180 million euros and an EBIT of 11.8 million euros realistic. The analytically adjusted equity ratio at 31 December 2010 with total assets of 72.7 million euros around 19%. First time in 2010 development costs were capitalized in the volume of 1.0 million euros under the heading of new technologies in fixed assets. The ratio of EBIT to interest coverage was 1.5. funds In August 2012 profit participation certificates from the standard mezzanine program PREPS 2005-1 in the amount of 10 million € will be charged. The bond issue of € 30 million to a third each to refinance the capital participation rights, the share of refinancing of a syndicated loan and will be used to improve our financial flexibility. The medium term to 2013, planned construction of a production plant in China was in the planning has not yet considered. Conclusion: The machine Spaichingen expected this year especially in engine technology to grow with new series launches. Including through the force since last year emission standard EPA 10 in the USA and in Europe from 2012 € 6-standard should be applicable to commercial vehicles, the replacement demand to rise significantly, according to market forecasts. With the delivery of the valve train system for the new Daimler engine generation "Blue Efficiency Power 47X OM" that meets both standards, the company has also developed a system supplier. Due to the strong and profitable growth, especially in engine technology, is likely to result in improved credit rating next year. A drawing of the bond should therefore pay off for investors.

Issuer: Maschinenfabrik GmbH Spaichingen
WKN / ISIN: A1KQZL / DE000A1KQZL5
Coupon: 7.25%
Offer Period: 29.06.-07.12.2011 (12.00 clock)
IPO: 15.07.2011
Duration: 15.07.2016 until
interest payment: yearly, payable on 15.07.
Rating BB (corporate credit rating by Euler Hermes Rating)
covenants: Change of Control (control change), negative pledge (negative obligation)
segment: entry standard for corporate bonds,
global coordinator: Close Brothers bank
internet: Ein Unternehmen ? viele Erfolge

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