DOHA: Doha Bank, rated A by Fitch and Baa1 by Moody’s, successfully completed a USD 500 million 5-year senior unsecured bond at a yield of 2.431% per annum, which is equivalent to a credit spread of 150 basis points over 5-year Mid Swap Rate. The transaction was executed under the Bank’s USD 2 billion EMTN…
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Citycon Group to issue EUR 300 million green bond
HELSINKI: Citycon Group has announced intention to issue a euro-denominated senior unsecured bond approximately with a maturity of 7 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon Treasury B.V. would apply for…
Darcy Willson-Rymer appointed CEO of Card Factory
LONDON: Card Factory, the UK’s leading specialist retailer of greeting cards and complementary products, announced the appointment of Darcy Willson-Rymer as Chief Executive Officer. During his time at Costcutter, Darcy successfully steered a nationwide multi-site owned and franchised convenience retail business through a period of significant change, including the development of a new operating model,…
Moody’s downgrades Standard Bank Group and Standard Bank of South Africa Limited
LONDON: Moody’s Investors Service downgraded the long-term issuer rating of the holding company, Standard Bank Group Limited (SBG) from Ba2 to Ba3. The rating agency also downgraded The Standard Bank of South Africa Limited’s (“SBSA”) long-term local and foreign currency deposit ratings from Ba1 To Ba2 and affirmed the NSR long-term bank deposit rating. The…
Tritax Big Box REIT prices £250 million of unsecured green bonds
LONDON: Tritax Big Box REIT plc has today priced £250 million of unsecured green bonds maturing on 27 November 2033 (2033 Notes) under the Company’s £1.5 billion Euro Medium Term Note Programme. This follows a series of fixed income investor meetings which generated substantial institutional demand. The 2033 Notes will have a tenor of 13…
Х5 Retail Group remains #1 in Russian e-grocery
MOSCOW: X5 Retail Group, a leading Russian food retailer, announced that continued growth in online sales during 9M 2020 enabled the Company to maintain its #1 position in the Russian e-grocery market, according to Infoline data for the period. X5’s total online turnover for 9M 2020 was RUB 12.7 billion (including VAT); this includes RUB…
BBGI Global Infrastructure buying 25% stake in Signature on the Saint-Lawrence Group
LONDON: BBGI Global Infrastructure S.A., the global infrastructure investment company, has entered into an agreement to acquire a 25% equity interest in Signature on the Saint-Lawrence Group, the operator of the Samuel De Champlain Bridge Corridor in Montreal, Quebec, Canada. The Government of Canada is the owner of the bridge. The project originally consisted of…
Citycon Group intends to issue a NOK 800 million Green Bond
OSLO: Citycon Group intends to issue a NOK-denominated senior unsecured bond in one or more tranches with a maturity of approximately 3-5 years in an amount of up to NOK 800 million, a news release said. The bond would be offered mainly to Nordic institutional investors and would be issued by Citycon Treasury B.V. and…
Chubb Limited
Chubb Limited, incorporated in Zurich, Switzerland, is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world. Chubb operates in 54 countries and territories and in the Lloyd’s insurance market in…
DBS Bank Ltd
DBS Bank Ltd is a Singaporean multinational banking and financial services corporation headquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present name was adopted on 21 July 2003 to reflect its changing role as a global bank. The bank was set up by the Government…
Tinkoff Bank
Tinkoff Bank (Russian: Тинькофф банк), formerly Tinkoff Credit Systems (Russian: Тинькофф Кредитные Системы) is a Russian commercial bank based in Moscow and founded by Oleg Tinkov in 2006. The bank does not have branches and is considered a neobank. As of 2016, Tinkoff Bank has a credit rating of B+ on the Fitch Ratings and…
Aurizon successfully prices A$ medium term notes
SINGAPORE: Aurizon announced it has successfully priced another issuance under its Aurizon Network Pty Ltd (Aurizon Network) A$ Debt Issuance Program. The A$500 million 10-year notes will be issued at a fixed coupon of 2.9% per annum, pricing at 210 basis points over the 10-year swap rate. Settlement of the issuance is expected to take…