HALISTER: South Africa Wants ‘Black Champion’ to Fill Anglo Mines Void (1)

South Africa Wants ‘Black Champion’ to Fill Anglo Mines Void (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AAL LN (Anglo American PLC)

People
Bunguza Vundla (Pamodzi Investment Holdings Ltd)
Mosebenzi Joseph Zwane (Republic of South Africa)
Mzukisi Qobo (University Of Johannesburg)
Ngoako Ramatlhodi (Republic of South Africa)

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UUID: 7947283

HALISTER: Vodafone to Raise ~GBP2.9b via Mandatory Convertible Bonds

Vodafone to Raise ~GBP2.9b via Mandatory Convertible Bonds

(Bloomberg) -- Vodafone bonds intended to be issued in two tranches: 18 month maturity and 3 year maturity.
  • Conv. bonds represent ~5% of capital
  • Co. says potential to buy back shares following conversion
  • Co. to hedge its exposure to share price movements during the term of bonds via option strategy
  • Initial conversion Price will be the higher of GBP2.1730 and the arithmetic average of the daily volume-weighted average prices of an ordinary share on LSE over period of three consecutive trading days, starting Feb. 19
  • Coupon expected between 1.20% to 1.50% per annum for 18 month maturity, between 1.70% to 2.00% per annum for 3 year maturity
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VOD LN (Vodafone Group PLC)

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UUID: 7947283

HALISTER: Boeing Engineers Approve 6-Year Pact, Avert Labor Showdown (1)

Boeing Engineers Approve 6-Year Pact, Avert Labor Showdown (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BA US (Boeing Co/The)

People
Dennis Muilenburg (Boeing Co/The)
Ray Goforth (Society Of Professional Engineering Employees In Aerospace)
Raymond Conner (Boeing Co/The)

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UUID: 7947283

HALISTER1: Japan 5-Yr Bond Sale Draws Weak Demand on Low Yield: PineBridge

Japan 5-Yr Bond Sale Draws Weak Demand on Low Yield: PineBridge

(Bloomberg) -- Outcome of today’s sale of 5-year JGBs was “weak,” probably due to pre-auction buying that pushed yields down to “excessively low” levels, says Tadashi Matsukawa, head of fixed-income investment at PineBridge, in an interview.
  • 5-year yield seems to have stabilized in a range of -0.15% to -0.10%, compared with BOJ’s policy rate of -0.10%: Tokyo- based Matsukawa; says, hence, investors are likely to shift their funds into bonds that offer positive yields; NOTE: Click here for auction results
  • Yield on 5-year JGBs now down 1 bp to -0.135% in secondary market
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Tadashi Matsukawa (PineBridge Investments Holdings US LLC)

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UUID: 7947283