Moody's has upgraded RCBC's $1-billion EMTN
program to 'Baa3' from 'Ba2' in May 2015.
Any change to the ratings on the EMTN
programme and proposed notes will be correlated directly with changes in CCB's IDR, which will in turn reflect any shift in the perceived willingness or ability of the government to support the bank in a full and timely manner.
programme is a supplement to Hoist's current financing structure and is reportedly a next step in Hoist's efforts to access a wider and deeper investor base through an active and long-term commitment to the capital markets.
Moody's Investors Service had recently assigned a provisional local and foreign currency rating of (P)A3 to the EMTN
programme of NBO.
This is the first time that Cyprus is tapping into the EMTN
market ever since a e1/410 bln bailout from the Troika of international lenders a year ago, that saw the island undergoing harsh austerity measures and a bail-in of unsecured deposits to rescue biggest lender bank of Cyprus.
5bp and 210bp for FGB's January 2012 Sukuk issuance and its October 2012 EMTN
Setting up the EMTN
program is a preparatory move on the part of BDO as this will enhance the bank's ability to access longer-term funding for relending to projects like infrastructure under the government's PPP program," the disclosure said.
BANKING AND CREDIT NEWS-August 6, 2012--BDO Unibank sets up USD2bn EMTN
programme(C)2012 M2 COMMUNICATIONS http://www.
programme, listed on the London Stock Exchange, provides the framework for the bank to issue bonds, and other debt instruments.
B anque Saudi Fransi announced the pricing of the inaugural issue of notes under its EMTN
Program in the amount of $650 million.
Moody's pointed out that the terms and conditions of the EMTN
programme include a step-up event trigger, which is activated if the bank's senior ratings are downgraded below Baa3.
Volvo Treasury AB (publ) (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) has decided to issue a EUR 80 million bond loan under its EMTN
(Euro Medium Term Note) programme.