The State Bank of Pakistan on Wednesday auctioned Pakistan Investment Bonds worth Rs 309.415 billion for 3, 5 and 10 years in fixed and floating rate bonds
.Cut off Yields for the Fixed Rate Bonds increased by 55 basis points to 14.25 percent for 3 years, remained the same at 13.80 percent for 5 years while the 10 year Cut off declined by 15 basis points to 13.55 percent.
The recital in the Floating Rate Bond
Exchange Agreement refers to the $300 million as the "Interest Reduction Cash Payment." See FLOATING RATE BOND
EXCHANGE AGREEMENT [section] 3.04 (1992) (on file with Law and Contemporary Problems).
22 November 2013 -- Boston-based institutional fixed income manager Merganser Capital Management has announced the availability of their Floating Rate Bond
Strategy for Institutional Investors.
The fixed rate bond would then pay 5.90 per cent annually and the floating rate bond
then pay investors a coupon of 4.15 per cent over the Central Bank of Kuwait discount rate, capped at 6.90 per cent annually.
Norway's Storebrand Bank ASA (STORB.OS) has said that it has successfully completed its senior unsecured floating rate bond
Wihlborgs Fastigheter AB (STO: WIHL) announced on Tuesday that within its MTN-programme, it has issued a senior unsecured SEK300m floating rate bond
with a term of two years.
The finance ministry had earlier announced that the issuance of the new floating rate bond
class, CCTeu, would gradually replace current floating rate CCTs.
Following the closing of the debt issue, Songa Offshore expects to carry out an exchange offer pursuant to which it will propose to exchange its secured fixed-rate bond due 2011 and its floating rate bond
due 2012, for additional notes.
M2 EQUITYBITES-November 22, 2013--Merganser Capital launches floating rate bond
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