Swedish bank, Freddie Mac sell Eurobonds

Article Abstract:

Svenska Handelsbanken AB of Sweden and Federal Home Loan Mortgage Corp. are both selling Eurobonds. Svenska is selling a $200 million one-year floating-rate note through Merrill Lynch International, while Freddie Mac is selling a $1 billion one-year note with a 5.544% coupon at par through Lehman Brothers International. Both companies' bonds, which bear the indication of a defensive instrument, is being doubted by secondary-market traders who noted that underwriters had not hired a broad selling group for either one.

Comment:

Is selling a $1 billion one-year note with a 5.544% coupon at par through Lehman Brothers International

Commercial Banks, Commercial Banking, Mortgage Bankers, Real Estate Credit, Luxembourg, Mortgage banks, Svenska Handelsbanken AB, Federal Home Loan Mortgage Corp., Article

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Magna holders approve Russian deal

Article Abstract:

Magna International Inc. shareholders have voted to support a deal that will allow Oleg Deripaska, a Russian metals magnate, to purchase a stake in the firm for $1.5 bil despite wariness from some investors. Magna, a Canadian automotive parts supplier, did not make the vote tally public.

Financial management, Russia, Canada, Finance, Magna International Inc., Investor relations, Company securities, Company financing, Deripaska, Oleg

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Dana Corp. sells high-yield issue of Eurobonds

Article Abstract:

Dana Corp. sold new high-yield bonds in two tranches on the European corporate bond market. The offering is valued at approximately $750 million (856.9 million euros).

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automotive parts, Dana Corp., DCN

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