Each year NIPSCO filed IRS Forms 1042 and 1042S reporting its interest payments to Finance, but excluding Finance's interest payments to the Euronote
New York City has borrowed in both the yen-denominated Samurai market in Japan and, in June of this year, borrowed dollar-denominated in the Euronote
Additional short- and intermediate-term corporate borrowing took the form of drawdowns on Euronote
issuance facilities and Eurocommercial paper, reported in banks' custody liabilities.
corporate borrowing involved increased use of Euronote
note issuance facilities and Eurocommercial paper.
bank holding companies transferred funds, some of which were apparently proceeds of earlier borrowings in the Euronote
market, to own foreign offices.
In other categories, bank claims remained weak or decreased due to the same factors that have been operative for some time: moderate economic expansion in industrial countries; concentration of growth in credit demands in the Euronote
and bond markets; and little or no new net lending to public borrowers in some developing countries, particularly those in Latin America.
Also, the concentration of credit demands in bond markets and the recent development of Euronote
securities, which closely substitute for syndicated bank lending (see below), have reduced bank claims (chart 5).
Paris: Fitch Ratings has assigned Banque Ouest Africaine de Developpement's (BOAD; BBB/Stable/F2) debut Euronotes
a 'BBB' rating, subject to the receipt of final documentation.
(67) According to scholars, the main differences between Northern Indiana and Aiken Industries were that: (1) in Aiken Industries, all parties to the transaction were related, whereas the subsidiary's debt in Northern Indiana was owed to unrelated persons and (2) the subsidiary in Northern Indiana realized significant earnings from the transactions because the interest rate on the Euronotes
was one percentage point less than the interest paid by the taxpayer to the subsidiary, whereas the transactions in Aiken Industries were a wash.
The Baa1 rating on GIB's $400 million Subordinated Floating Rate Euronotes
, due 2015
* The Baa1 rating on GIB's US$400 million Floating Rate Euronotes
, due 2015