Monday 28 June 2021

Reuters Global Investor: Qatar Petroleum hires banks for four-tranche jumbo bond sale

Qatar Petroleum hires banks for four-tranche jumbo bond sale

Qatar Petroleum has hired a group of banks to arrange a four-tranche issuance of U.S. dollar-denominated bonds, a document showed, for what will be its debut public bond sale months after it signed a contract to boost its liquefied natural gas output.

Qatar Petroleum hires banks for four-tranche bond sale - document

Qatar Petroleum hired a group of banks to arrange a four-tranche U.S. dollar-denominated bond sale, comprising five, 10 and 20-year conventional bonds, as well a 30-year Formosa portion, a document showed on Monday.

Fearing predators, Credit Suisse seeks new look or even merger-sources

Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS (UBSG.S), three people familiar with its thinking told Reuters.

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad.

GKN-owner Melrose to return $1 bln to shareholders after Nortek sale

Britain's Melrose Industries (MRON.L) on Tuesday laid out plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders after the company sold its Nortek Air Management business, sending its shares 3% higher.

UBS hires Morgan Stanley bankers to lead U.S. outsourced trading drive

UBS (UBSG.S) has hired two bankers from Morgan Stanley (MS.N) to help build its trading services for hedge funds and asset managers in the United Sates, according to a memo seen by Reuters and confirmed by a spokesperson for the Swiss bank.

'I regret any harm:' Short seller compensates target in rare move

A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.

Swiss wealth manager Pictet appoints first female partner in 200-year history

Swiss wealth and asset manager Pictet Group on Monday appointed Elif Aktug as managing partner, the first woman to hold that position in the private bank's 216-year history.

CAS urges At Home investors to reject $37 a share take-private deal

At Home Group Inc's (HOME.N) largest investor, CAS Investment Partners LLC, is urging shareholders to join it in rejecting the home furnishing retailer's proposed sale, arguing that even after this week's price increase the offer remains far too low.

JPMmorgan, Citibank, six others cleared for next bond sale - EU Commission source

Nomura, Unicredit (CRDI.MI), Credit Agricole (CAGR.PA), JPMorgan (JPM.N), Citibank (C.N), Barclays (BARC.L), Bank of America (BAC.N) and Deutsche Bank (DBKGn.DE) can take part in the next syndicated debt sale backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund, a Commission source said on Friday.

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