Slow-going Eurobond session absorbs two debut offerings

Article Abstract:

Oesterreichische Postparkasse AG, or PSK is offering a new 10-year floating-rate note through Chase Manhattan Bank. The Standard Bank of South Africa is also introducing a 10-year note Tier 2 callable offering worth 1.2 billion rand (185.2 million euros) through J.P. Morgan and Standard Corporate and Merchant Bank.

Commercial Banks, Commercial Banking, Austria, South Africa, Brief Article, Chase Manhattan Bank N.A., Oesterreichische Postsparkasse, Standard Bank of South Africa Ltd., J.P. Morgan and Company Inc., Standard Corporate and Merchant Bank of South Africa, JPM

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CSFB buys private stock valued at up to $500 million

Article Abstract:

Credit Suisse First Boston Corp. has purchased private stock investments from Deutsche Bank AG. The stock is valued at $500 million (434.4 million euros).

Acquisitions & mergers, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, Deutsche Bank AG, DTBKY, Credit Suisse First Boston L.L.C.

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Lazard's shares drop in debut as private control ends at firm

Article Abstract:

Lazard Brothers & Company Ltd. of the United Kingdom is launching an $854 million initial public offering, ending private control of the investment bank. The equity value of Lazard Brothers & Company Ltd. is approximately $2.5 billion.

United Kingdom, Forecasts, trends, outlooks, Financial management, Commodity & service prices, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Finance, Prices and rates, Securities industry, Company Profile, Company financing, Lazard Brothers & Company Ltd., Company pricing policy, Industry forecasts

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