(Reuters) - The debt, to be sold via C10-EUR Capital Ltd, will be callable from June 30, 2017, the official said.
It is secured by a first-priority claim on dual-currency notes and extinguishable coupon swaps guaranteed by Cemex SAB de CV, New Sunward Holding BV and Cemex Mexico SA de CV. The structure is similar to that employed for a $750 million bond sale earlier this year, where the issuer was C8 Capital.
Read more at Reuters.com Mergers News
Monday, April 30, 2007
Euro zone M3 at 24-year high backs case for ECB hike
(Reuters) - Euro zone money supply growth accelerated again in March to reach a 24-year high, backing the case for further interest rate tightening.
European Central Bank figures on Monday showed annual growth in M3 money supply picked up to 10.9 percent in March, topping February's 10.0 percent and defying analysts' expectations for a decline.
Read more at Reuters Africa
European Central Bank figures on Monday showed annual growth in M3 money supply picked up to 10.9 percent in March, topping February's 10.0 percent and defying analysts' expectations for a decline.
Read more at Reuters Africa
China Stocks Rise, Completing Record Month; Angang Steel, Chalco Advance
(Bloomberg) -- China's stocks advanced to a high, completing a record month for the CSI 300 Index, after companies including Angang Steel Co. reported higher earnings and JPMorgan Chase & Co. raised its economic growth forecast for the nation.
``A large number of companies have reported good earnings for the first quarter,'' said Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset Management Co. in Shanghai. ``It's almost certain that the 2007 earnings will rise 30 to 40 percent for all listed companies as the economy keeps growing.''
Read more at Bloomberg Stocks News
``A large number of companies have reported good earnings for the first quarter,'' said Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset Management Co. in Shanghai. ``It's almost certain that the 2007 earnings will rise 30 to 40 percent for all listed companies as the economy keeps growing.''
Read more at Bloomberg Stocks News
European Government Bonds Gain; Stocks Drop Spurs Demand for Safer Assets
(Bloomberg) -- European 10-year government bonds advanced after a drop in Asian equity markets on global growth concerns stoked demand for fixed-income securities.
Benchmark 10-year bund yields fell from near the highest since August 2005. Stocks in Asia fell after China curbed bank lending and as data showed the U.S. economy grew less than expected. A report today showed sales at retailers in Germany unexpectedly fell in March.
Read more at Bloomberg Bonds News
Benchmark 10-year bund yields fell from near the highest since August 2005. Stocks in Asia fell after China curbed bank lending and as data showed the U.S. economy grew less than expected. A report today showed sales at retailers in Germany unexpectedly fell in March.
Read more at Bloomberg Bonds News
Ternium to take control of Grupo IMSA
(Reuters) - Ternium said the deal is expected to close in the third quarter.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Turkish Lira Plunges After Army Threatens to Block Presidential Candidate
(Bloomberg) -- Turkey's lira fell as much as 4 percent against the dollar after the military threatened to block the government's presidential candidate because of his Islamist past.
The lira was at 1.3882 to the dollar at 8:51 a.m., the start of trading in Istanbul today. The slide came after hundreds of thousands of people rallied in Istanbul yesterday to protest the candidacy of Foreign Minister Abdullah Gul, who came within 10 votes of winning the presidency in a parliamentary ballot April 27. He pledged to stand again in a second round of voting May 2.
Read more at Bloomberg Emerging Markets News
The lira was at 1.3882 to the dollar at 8:51 a.m., the start of trading in Istanbul today. The slide came after hundreds of thousands of people rallied in Istanbul yesterday to protest the candidacy of Foreign Minister Abdullah Gul, who came within 10 votes of winning the presidency in a parliamentary ballot April 27. He pledged to stand again in a second round of voting May 2.
Read more at Bloomberg Emerging Markets News
Gary-Williams Energy Says Oklahoma Refinery Is Shut After Last Week's Fire
(Bloomberg) -- Gary-Williams Energy Co.'s refinery in Wynnewood, Oklahoma, wasn't operating after a fire in two storage tanks was extinguished, a manager at the plant said.
The company may restart the facility on Tuesday, Mike Hancock, manager of administration for the refinery, said in a telephone interview. The plant was shut down April 27 about midnight because the fire was spreading to electric lines feeding the plant, he said.
Read more at Bloomberg Energy News
The company may restart the facility on Tuesday, Mike Hancock, manager of administration for the refinery, said in a telephone interview. The plant was shut down April 27 about midnight because the fire was spreading to electric lines feeding the plant, he said.
Read more at Bloomberg Energy News
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