Akzo Nobel launches one billion mark Eurobond

Article Abstract:

Akzo Nobel NV, a manufacturer of chemicals from the Netherlands, introduces in the United Kingdom a new Eurobond issue valued at $604.5 million. The proceeds from the Eurobond issue will be utilized by the company in its efforts to purchase earlier in 1998 Courtaulds, a British group that manufactures coatings and textiles. Akzo Nobel's introduction of the Eurobond issue is also aimed at capitalizing on the Eurobond sector's revitalized market demand.

Comment:

Introduces in the UK a new Eurobond issue valued at $604.5 mil

Chemicals & Allied Products, Chemical Manufacturing, Chemicals, Akzo Nobel N.V., Article

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Reed Elsevier NV to buy back shares

Article Abstract:

Reed Elsevier NV announced that it is planning to repurchase and delist preference shares on the London Stock Exchange. The repurchase program is valued at 4.1 million pound sterling ($6.7 million). Reed International PLC will perform the program for Reed Elsevier. The repayment is contigent upon shareholders' approval of a special resolution. Preference shareholders of 3.85%, 3.5%, 4.9% will be allowed to vote under the resolution.

Comment:

Planning to repurchase and delist preference shares on the London Stock Exchange

PRINTING AND PUBLISHING, Printing & Publishing, Publishing industry, Abstract, Reed Elsevier PLC

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Drilling needs yield boon for Chinese firm: China Oilfield Services' revenue, profit surge amid expanding offshore energy production

Article Abstract:

Shares for China Oilfield Services Ltd., also known as COSL, closed at nearly four times their price from one year ago, at $2.07, due to increasing energy prices and rapid economic development that are boosting demand. COSL is planning to debut 500 mil Class A shares in Shanghai at $1.80, representing a 16% discount.

Oil and Gas Field Services, China, Company securities, Petroleum services industry, China Oilfield Services

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