Alliance & Leicester leads Eurobond market issues

Article Abstract:

Alliance & Leicester PLC, a mortgage bank based in the UK, led new Eurobond issues on Aug. 3, 1998, with 300 million pounds sterling, or $490 million, of floating-rate notes. The UK mortgage bank was said to be selling at 6.5 basis points or six basis points over three-month sterling Libor. The notes issued by Alliance has a late payment date of Sep. 9, 1998. The late payment date was effected due to a call on Sep. 9, 1998, for 500 million pounds sterling in floating-rate notes that were issued by Halifax PLC, which is a mortgage lender, according to Flavio Fabbrizi, who is the director of syndicate at lead manager HSBC Markets.

Comment:

Leads new Eurobond issues on 8/3/98, with GBP300 mil , or $490 mil, of floating-rate notes

United Kingdom, Mortgage Bankers, Real Estate Credit, Alliance & Leicester PLC, Mortgage banks, Article

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Fidelity plans 719.8 million euros in debt

Article Abstract:

Fidelity Investments is planning to raise up to $750 million (719.8 million euros) in debt in order to provide financing for internal growth. The offering is also intended to produce funds for increasing expenditures for technology and for a growing venture-capital operation. Fidelity posted a quadruple increase in its net income for the first quarter of 1999 to $294.1 million.

Comment:

Plans to raise $750 million (719.8 million euros) in debt

Financial Services, Finance and Insurance, Financial services industry, Abstract, Fidelity Investments

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General Motors debt takes center stage in Eurobond market

Article Abstract:

General Motors Corp. made a bond offering worth over $16 billion (13.9 billion euros). This was the total when the company added a convertible bond issue valued at $3.5 billion.

General Motors Corp., GM, Bonds, Bonds (Securities), Company securities, Automotive industry

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