is complemented with a supporting program of international congresses and industry meetings, including the GIFA Conference, the European Steel Technology and Application Days/ESTAD, the European Metallurgical Conference/ EMC, the THERMPROCESS symposium, and the NEWCAST forum.
Asked why Commercial bank opted for the CP / CD, GMTN
and EMTN route for fund raising, the CEO said, "You have to diversify your sources of funding.
The notes issued under the GMTN
programme will constitute PFC's direct, unconditional, unsubordinated and unsecured obligations and will rank pari passu with all of the company's other present and future outstanding unsecured and unsubordinated obligations.
The dollar transaction was issued under APICORP's newly-established $3 billion Global Medium Term Note (GMTN
) programme, to provide the company with maximum flexibility in accessing capital markets and further strengthen its financial position.
The Ministry of Finance said in a press release that it has also mandated such investment banks to manage and arrange an offering of notes under the GMTN
Programme established by the Kingdom of Saudi Arabia on 10 October 2016 and updated on Friday 22 September 2017.
The bill drafted by the government envisages the ratification of a Dealer Agreement between Bulgaria and the four banks on the global medium-term note (GMTN
) program worth EUR 8 B.
The agency also reduced the bank's Long Term Foreign Currency Issuer Rating to Baa3 from Baa2, Long and Short Term Local Currency Deposit Ratings to Baa3/P-3 from Baa2/P-2, Subordinated Debt Rating to Ba2 from Ba1, Long Term and Short Term Foreign Currency and Local Currency GMTN
Program Notes to (P) Baa3/(P) P-3 from to (P) Baa2/ (P) P-2 and affirmed the other ratings.
Emirates Telecommunications Corporation (etisalat) has successfully completed the listing of its $7 billion Global Medium Term Note (GMTN
) programme on the Irish Stock Exchange (ISE).
Moody's Investors Service has raised to 'stable' from 'negative' the outlook on the B3 senior secured ratings assigned to the Israel Electric Corporation (IEC) and the (P)B3 provisional rating of IEC's $5.0 bln global medium-term note (GMTN
) programme, following the strengthening of its cash flow and liquidity positions, as shown in its reported results for the nine months to September 30.
Fitch Ratings has assigned Turkiye Vakiflar Bankasi T.A.O.'s (Vakifbank: BBB-/Stable) USD3bn global medium term note (GMTN
) programme a senior unsecured rating of 'BBB-'.
Global Banking News-December 9, 2011--Abu Dhabi's ADCB plans USD7.5bn GMTN
programme(C)2011 ENPublishing - http://www.enpublishing.co.uk
Etisalat established a $7 billion global medium-term note (GMTN
) programme and a $1 billion sukuk programme last year, allowing it to issue conventional or Islamic bonds when needed.