Nuove_emissioni, collocamenti Nuove Emissioni (13 lettori)

[gionmorg]

New bond issue: Hutchison Whampoa sold USD 1000m in perpetual bonds with 6.0% coupon

Hutchison Whampoa (Hong Kong) on May 2, 2012 placed USD 1000m in perpetual bonds with a 6.0% coupon. The bond was priced at 100%. Goldman Sachs, HSBC arranged the deal.

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Issuer, issue number: Hutchison Whampoa, perp-2 (Step up)
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 1 000 000 000
ISIN: USG4673LAA29
End of placement: May 02 2012
Issue price: 100
Yield at Pricing: 6%
Coupon: 6.0%
Coupon frequency: 2 time(s) per year
Settlement Date: May 2012
Issue Managers: Goldman Sachs, HSBC
Trading floor: SGX
Issuer profile:
Hutchison Whampoa Limited (HWL) is a leading international corporation committed to innovation and technology with businesses spanning the globe. Its diverse array of holdings range from some of the world's biggest port operators and retailers to property development and infrastructure to the most technologically-advanced and marketing-savvy telecommunications operators. HWL reports turnover of approximately HKD348 billion (USD45 billion) and HKD141 billion (USD18 billion) for the year ended 31 December 2008 and for the six months ended 30 June 2009 respectively. With operations in 54 countries and approximately 220,000 employees worldwide, Hutchison has five core businesses - ports and related services; property and hotels; retail; energy, infrastructure, investments and others; and telecommunications. Hutchison Whampoa Limited is among the largest companies listed on the main board of the Hong Kong Stock Exchange. Flagship companies include Hutchison Port Holdings, Hutchison Whampoa Properties, A S Watson, Cheung Kong Infrastructure and Hutchison Telecom. Hutchison dates back to the 1800s and while its operations now span the globe, it continues to remain based in Hong Kong. Hutchison's executives and staff are a multicultural mix as diverse as the reach of the corporation's operations.

Outstanding issues:
4 issue(s) outstanding worth EUR 4 750 000 000
13 issue(s) outstanding worth USD 18 250 000 000

 

[gionmorg]

New bond issue: Grupo ICE sold USD 250m Tap to its outstanding bonds due 2021

Instituto Cosarricense de Electricidad (ICE) (Costa Rica) on May 3, 2012 placed USD 250m tap to its outstanding bonds due 2021 initially sold in Nov 2011. The tap was priced at 105% to yield 6.244%. Citigroup, Deutsche Bank arranged the tap and the initial deal. The outstanding amount totals noew USD 500m.

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Issuer, issue number: Grupo ICE, 2021
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 500 000 000
ISIN: USP56226AC09
Start of placement: Nov 03 2011
End of placement: May 03 2012
Issue price: 100
Yield at Pricing: 6.95%
Coupon: 6.950%
Coupon frequency: 2 time(s) per year
Settlement Date: Nov 10 2011
Maturity date: Nov 10 2021
Issue Managers: Citigroup, Deutsche Bank
Issuer profile:
Founded in 1949, Grupo ICE is a Costa Rican state-owned holding that controls assets in electric energy generation, transmission and distribution. It also participates in the telecommunications sector. It offers national telephony services through fixed and mobile lines, public pay phones, international telephony and internet connection through ICE Telecomunicaciones.

Outstanding issues:
3 issue(s) outstanding worth USD 600 000 000

 

[lucalore]

Nieuwe pagina 2

Carina questa Volvo in SEK, peccato abbia taglio da 1 milione (circa 112 k euro)
durata 2 anni cedola 3,125 %

 

[gionmorg]

New bond issue: Edesa sells USD 63m in 2017 bonds with 12.750% coupon

Edesa (Argentina) on May 7, 2012 placed USD 63m in bonds with a 12.750% coupon, maturing in 2017. The bond was priced at 95.1250% to yield 14.25%. Deutsche Bank arranged the deal.

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Issuer, issue number: Edesa, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 1000
Amount: 63 000 000
ISIN: XS0779809978
End of placement: May 07 2012
Issue price: 95.125
Yield at Pricing: 14.25%
Coupon: 12.750%
Coupon frequency: 2 time(s) per year
Settlement Date: May 10 2012
Maturity date: May 10 2017
Issue Managers: Deutsche Bank
Issuer profile:
Edesa is the sole electricity distribution company operating in the Province of Salta in northern Argentina. On August 12, 1996, Edesa was granted a 50-year concession by the Salta provincial government to distribute electricity on an exclusive basis within the Province territory. Edesa distributes electricity to approximately 96% of the households in the Province and reported revenues for the last twelve months as of December, 2011 of ARS 415 million (approximately USD 95 million).
Edesa's current indirect controlling shareholder is Edenor (B3/Baa2.ar, negative) through the holding of 78.56% of Emdersa's (EDESA direct holding company parent) shares. On April 24, Edenor announced it was selling the company to SIESA (not rated), an Argentinean investment group.

Outstanding issues:
1 issue(s) outstanding worth USD 63 000 000

 

[gionmorg]

New bond issue: Peru Payroll Deduction sells USD 229.4m in 2029 bonds

Peru Payroll Deduction (Peru) on May 3, 2012 placed USD 229.4m in bonds (Class A zero coupon notes) maturing in 2029. The transaction is a securitization of future payment rights from from Seguro Social de Salud (EsSalud) to fund the construction of
hospitals in Lima. The bond was priced at 63.72% to yield 5.5%. Bank of America Merrill Lynch arranged the deal.

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Issuer, issue number: Peru Payroll Deduction, 2029
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 100000
Amount: 229 434 000
ISIN: XS0781029698
End of placement: May 03 2012
Issue price: 63.72
Yield at Pricing: 5.5%
Coupon: zero
Coupon frequency: 2 time(s) per year
Settlement Date: May 10 2012
Maturity date: Nov 01 2029
Issue Managers: Bank of America Merrill Lynch
Issuer profile:
PPDFL (the issuer) is a limited liability company (LLC) incorporated in the Cayman Islands with a share capital fully owned by Walkers SPV Limited. The issuer will issue 18-year zero coupon class A notes (the notes) for a total purchase amount of approximately $150 million with a face value of approximately $230 million. Subordinated class B notes will not have a principal balance and are not rated by Fitch. The notes are expected to be paid with the proceeds received from the payment of the RPI-CAOs by EsSalud.
EsSalud is an autonomous public institution responsible for providing healthcare coverage to those under its jurisdiction. It is 100% held by the government of Peru through the Ministry of Labor and its board of directors (BOD).

Outstanding issues:
1 issue(s) outstanding worth USD 229 434 000

 

[gionmorg]

New bond issue: RHB Bank sells USD 300m in 2017 bonds with 3.250% coupon

RHB Bank (Malaysia) on May 8, 2012 placed USD 300m in bonds with a 3.250% coupon, maturing in 2017. The bond was priced at 99.6750% to yield 3.321%. Bank of America Merrill Lynch, Citigroup, RHB Bank arranged the deal.

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Issuer, issue number: RHB Bank, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 300 000 000
ISIN: XS0782017890
End of placement: May 08 2012
Issue price: 99.675
Yield at Pricing: 3.321%
Coupon: 3.250%
Coupon frequency: 2 time(s) per year
Settlement Date: May 15 2012
Maturity date: May 11 2017
Issue Managers: Bank of America Merrill Lynch, Citigroup, RHB Bank
Issuer profile:
RHB Bank Berhad (also known as the Rashid Hussein Bank) is a bank based in Kuala Lumpur, Malaysia. It specializes in commercial banking, corporate and investment banking and international banking services. The bank was formed after a merger between Kwong Yik Bank and DCB Bank (Development and Commercial Bank, also formerly known as D&C Bank), on July 1, 1997, and Sime Bank and Bank Utama later. On March 9, 2007, the Employees Provident Fund (EPF) gained control of the bank, after winning a bid against EON Capital and a Kuwait Finance House-led consortium.
RHB Bank is a part of RHB Capital Berhad financial conglomerate.

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

 

[gionmorg]

Per chi volesse approfondire:

"In ten years, the FC Schalke all financial liabilities are paid back as far as possible," said Peter Peters, Chief Financial Officer FC Schalke 04
The FC Schalke 04 is planning for the first six months of the issuance of a bond. Talking with fixed-income.org says Chief Financial Officer Peter Peters backgrounds. fixed-income.org: Why did you choose for the issuance of a bond? Peter Peters, including bonds since the year 2003 for the financing mix of FC Schalke 04 Since then we have two bonds with institutional investors and a fan-loan from private investors. All three are not traded on the exchange. With the planned rights issue in the SME segment of a German stock exchange, we want to diversify our funding further. fixed-income.org: How do you want to use the funds from the bond issue? Peter Peters: The important message first: The new SME loan, the debt is not increased. The proceeds used to refinance and thus the diversification of the financing structure. We do so the next step on the path of economic consolidation with a clear goal: In ten years, the FC should Schalke all financial liabilities are paid back as far as possible. fixed-income.org: How do you want to create practical, given the volatility of their business , Peter Peters : Our future approach is conservative and does not rely on the assumption that every year to play Champions League. Although this is our sporting goal. Regardless of athletic success, we intend to increase our profitability by reducing costs further and increase revenues. We want to reduce the current squad game significantly and thus reduce labor costs. With the proceeds we see a variety of ways. For example, in merchandising and in TV revenues. Here we benefit from the season 2013/2014 of the recently re-awarded media rights by the German Football League (DFL). In terms of volatility, we have many well-planned revenues such as from the sale of 40,000 season tickets, long-term sponsorship deals and guaranteed TV revenues, which are independent of sporting success. They provide a solid foundation to achieve our sporting and economic goals. fixed-income.org: In the past 10 years, you could increase your membership numbers continuously. What is this success due and how much were other soccer clubs in the first League members their numbers increase over the same period? Peter Peters: The successful development of Schalke 04 in the past 10 years for several reasons. First, the entire league has developed fantastic at this time. Thus, the average attendance in the last 10 years has risen by around 50 percent to more than 42,000. This is not only the highest average attendance in Europe, but the second highest of all sports in the world. Of these, our league colleagues have benefited. On the other hand Schalke 04 UEFA Cup victory since the 1997 continues to become an international brand. We have used the recovery time and invested in bricks - that is, in an infrastructure from which we benefit today. Cornerstone is the Veltins-Arena. It was opened in 2001, is among the most modern multifunction arenas and has so far been sold in nearly every Bundesliga home game. In addition, we have built a successful youth development and brought in recent years players such as Manuel Neuer, Mesut Ozil, Julian Draxler and Joel Matip up. The result: Schalke 04 have now about 110,000 members, 4 million fans in Germany alone, and is for members, sales, value, and fans among the top 10 soccer clubs worldwide. fixed-income.org: You have built up, however, high debt. Peter Peters: That is correct. These investments are financed, and finally had to Schalke 04 has always paid his debts and interest repaid on time. But the Veltins-Arena back then cost € 191 million. We have now not only a football temple, but an event location in the far over 330 major events with more than 18 million visitors took place. Today we are reaping the fruits of our investments and have reduced in just the last two years the debt of around € 48 million. We want to continue on this path. fixed-income.org: There is much criticism of so-called "fan-bonds". What makes your bond of bonds or other fan of your fan-bond issued in 2010? Peter Peters: It is a classic medium-sized loan, which is aligned to the demands and needs of the capital market. There will be a rating and the bond will be listed on the SME segment, a German stock exchange, and thus be tradable. The volumes is significantly larger than the fan-bond and we are talking primarily to institutional investors also. Therefore, the emission is accompanied by a reputable bank. Bonds of other issuers will not judge me. We investors are investing in a fan-bond and the new middle class bond in one of the largest and most successful football clubs in Europe. fixed-income.org: Orienting the decision-making mechanisms at FC Schalke 04 to purely economic considerations? Peter Peters: The main priority for our planning is the balance between economic soundness and athletic success. That means the continuous achievement of positive results and the gradual reduction of debt in the coming years. Our future approach is conservative and based on the regular participation in the Europa League. That this target is realistic, the past 10 years have shown. For the upcoming season, we have indeed once again qualified for the Champions League group stage, incidentally, for the fifth time since 2001. fixed-income.org: predict the sporting and economic success is difficult. This experience has probably already done all the football clubs. How can you guarantee economic success over the term of the loan? Peter Peters: Basically, no company can predict the future course of short-term athletic success of football clubs difficult to plan. However, we can ensure that the basic conditions for the medium-term sporting and economic success. For FC Schalke 04 have described, caused in recent years. With success: In nine of the last ten seasons, we were active in an international competition next season and we will play Champions League again.

 

[gionmorg]

Biogas Nord is planning bond issue
Biogas Nord AG, a leading provider of turnkey biogas plants intended their national and international growth by increasing the issuance of bearer bonds. The net proceeds will be primarily for investments in projects of biogas Biogas Nord AG Power, a 100% subsidiary of Biogas Nord AG are used. . The loan terms will be announced shortly Asnat Drouianov, CEO of Northern Power Biogas AG, commented: 'We see a very close synergy between our global expansion and investment in our own possession of biogas plants. A stable cash flow, which is derived from the ownership of our own biogas plants, moderates in the future, the inherent fluctuations in the construction business for biogas plants. We have developed a set of strict criteria for such investments and to see a great opportunity for our shareholders to increase their profits. " Based on preliminary figures for the full year results for the fiscal year 2011, was the Biogas Nord group, driven by strong sales, a Record growth (45.95%) and a turnover of 78.9 million euros achieved. By comparison, the previous year was 54 million €. There was an even larger increase (77%) of the EBITDA of EUR 2.1 million in 2010 to 3.7 million € in 2011. Profit before tax increased by 123% from EUR 1.3 million in 2010 to 2.9 million € in 2011. Earnings per share doubled, to 0.51 euros. Net income for the year 2011 according to the provisions of the minority shares is estimated at 2.0 million euros, surpassing the previous year's figure of EUR 1.0 million from € 104 0% (1.0 million euros). Cash flow from operating activities at the end of 2011 amounted to EUR 2.7 million versus 0.2 million euros in the same period last year. With total assets amounting to EUR 36.3 million, the equity ratio at 31 December 2011 17.5%. Biogas Nord AG is a global company that turnkey biogas plants around the world builds. Biogas Nord was founded in 2000 in Bielefeld (Germany). To date, Biogas Nord has constructed more than 350 biogas plants. These facilities were built in Germany, Belgium, France, the Netherlands, the USA, Italy, Great Britain, Belarus, Ireland, Thailand, Cuba, Romania and Latvia. Biogas Nord has since November 2006 on the Frankfurt Stock Exchange listed company. In Germany, the subsidiary operates Biogas Nord GmbH plant in the market. Furthermore, part of the Group's subsidiaries biogas Biogas Nord Northern Espana SL, distribute Biogas Nord Italia SRL, Biogas Nord Polska Sp, Biogas Nord UK Ltd., North Korea Ltd. and biogas., In the respective countries their products. In addition, the company has through its subsidiary Northern Power Biogas AG itself biogas plants

 

[gionmorg]

Catapillar issued EUR benchmark bond with a maturity of 3 years
Guidance: Mid swap +45 to 50 bp
The tree Catapillar Shin Group issued a EUR benchmark bond with a maturity of 3 years. Expect a spread 45-50 basis points over mid swap. The transaction is accompanied by RBS and Societe Generale CIB. of the transaction:

Issuer: Caterpillar International Finance Limited
Guarantor: Caterpillar Financial Services Corp.
Volume: n.bek. (EUR benchmark)
Ratings: A2, A
Running Time: 18/05/2015
Settlement: 05/18/2012
Coupon: . n.bek
Guidance: Mid swap +45 to 50 bp
bookrunner: RBS, Societe Generale CIB
Listing: Luxembourg
Denomination: EUR 100,000

 

[gionmorg]

Zamek - first heading 102.80
The bond of the Günther Zamek production and trade mbH & Co. KG (TSX: A1K0YD / ISIN: DE000A1K0YD5) has been listed today in the SME market of the Düsseldorf Stock Exchange. The first course was found to be 102.80. Due to high demand, the subscription period has already been on the first day (07.05.) ended prematurely by 10 clock. The Zamek-year fixed rate loan is 7.75% with and has a term of 5 years. The issue was aimed at the institutional as well as private investors in Germany, Austria and Luxembourg. was accompanied by the successful launch of the Close Brothers Bank AG, Frankfurt am Main, as the sole global coordinator and bookrunner. The Conpair AG, Essen, accompanied the transaction as a financial advisor and capital markets partner of the Düsseldorf Stock Exchange. "We are delighted that we were able to place our debt as quickly and successfully," said managing director Petra Zamek. "The premature closure of the subscription period is testament to the strong confidence of investors in our company." Added CEO Michael Krüger: "The strong demand for spurs us on our growth path in terms of investor consistently to pursue." The proceeds will in addition to the replacement of existing debt in financing the growth of the Zamek-group