Moody’s outlook for Asian oil & gas E&P sector remains stable despite rising challenges
Moody’s Investors Service maintains a stable rating outlook for the Asian oil and gas industry’s independent exploration and production (E&P) sector, as most companies’ credit profiles can accommodate the inevitable fluctuations in oil prices and increased cost pressures.
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Moody’s assigns first-time Ba2 rating to H3C; outlook stable
Moody’s Investors Service has assigned a Ba2 corporate family rating to H3C Holdings Ltd (H3C). At the same time, Moody’s has assigned the following ratings to the secured US$ loans proposed to be issued by H3C and guaranteed by H3C
Technologies Co Ltd: 1) US$230 million Tranche A 3.5-year senior secured amortizing loan - Ba2 2) US$200 million Tranche B 5.5-year senior secured amortizing loan - Ba2 The outlook for these ratings is stable.
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Invitation to listed companies’ presentation during May 28 - June 1
The Stock Exchange of Thailand (SET) cordially invite you to the presentation of listed companies about their Q1/2007 operational performance. The sessions are from May 14 - June 14, 2007.
Thai bourse to list central bank bonds worth THB 20 billion on May 29
The Stock Exchange of Thailand (SET) has approved a new listing on the Bond Electronic Exchange (BEX): THB 20 billion (approx. USD 576.37 million) from Bank of Thailand (BOT). BOT50/51/7D, worth THB 20.00 billion, has a 7-day maturity and will be due on June 5, 2007.
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Thai depository to extend monthly-fee exemption for bond brokerages
Thailand Securities Depository Co., Ltd. (TSD) board approved the extension of the monthly-fee exemption for all securities companies that utilize its Broker Operation Service in a bid to promote bond transactions and reduce costs born by securities companies in the bond market.
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Thai bourse to list bonds worth THB 34 billion on May 28
The Stock Exchange of Thailand (SET) has approved new listings on the Bond Electronic Exchange (BEX):THB 30 billion (approx.USD0.86 billion) from Bank of Thailand (BOT) worth. and THB 4.00 billion (about USD 114.29 million) from TISCO Bank PLC. Both issues will commence trading on May 28, 2007.
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Salad Days For Borrowers, Says Report
The spread between both investment- and speculative-grade bonds and U.S. Treasuries has shrunk to record lows. Inflows from foreign investors and alternative investor demand have compressed spread levels and provided immense market liquidity, according to a report published yesterday by Standard & Poor’s.
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KTC becomes first in Thailand to introduce divers’ credit cards.
KTC becomes first in Thailand to introduce divers’ credit cards. Serious implementation of segmentation strategy with loads of benefits. 1,500 members expected within first year. KTC rides the diving and underworld adventure fever, introduces KTC-Diving VISA Platinum and KTC-Diving Titanium MasterCard–Thailand’s first hi-end credit cards for divers— with the cooperation of top diving businesses.
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Fitch Places Bank of Fukuoka on Rating Watch Negative; Affirms Shinwa’s Individual Rating
Fitch Ratings has today placed the ratings assigned to Bank of Fukuoka (Fukuoka) on Rating Watch Negative (RWN) upon the bank’s announcement to rescue Shinwa Bank Ltd. (Shinwa).
This rating action, however, excludes Fukuoka’s Support Rating and Support Rating Floor, which remains unchanged.
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The Bank of New York and Mellon shareholders approve proposed merger
The Bank of New York Company, Inc. and Mellon Financial Corporation announced that, at separate meetings today, their respective shareholders overwhelmingly approved the proposed merger of the two companies. The merger, first announced December 4, 2006, remains on schedule for an expected closing early in the third quarter of 2007, subject to receipt of regulatory approvals.
Thomas A.
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