January 2017

Baltic Region Lending Firm Capitalia Issues New Secured Bonds

Non-bank Financing Firm Capitalia, ISIN LV0000801488 Issues New Secured Bonds Riga, 2016-11-08 10:16 CET (GLOBE NEWSWIRE) – Capitalia, the non-bank financing platform aimed at small businesses in Eastern Europe countries Latvia, Lithuania and Estonia, has made decision to start new secured bond emission with the subscription period until November 30, 2016. The closed bond emission [...]

US Regulator Probes Banks’ USD 850m Mozambique Tuna Bond Issuance Ahead of Restructuring

SEC Investigates Banks’ 2013 Sale of USD 850mil Mozambique Tuna Bond Offering as Country Attempts to Re-Structure Soured Debt Placement Issuance intended for country’s tuna fishing industry, but used to buy military equipment instead (WSJ) 28 December The U.S. Securities and Exchange Commission is investigating the sale of $850 million in bonds issued by Mozambique, the latest development in a scandal that is exposing the links between the country, three international banks and a defense contractor. The move by the SEC inserts the U.S. into a widening global investigation of Mozambique’s debt deals, which involved undisclosed loans and military purchases facilitated by the banks. The ISIN code for the now-challenged 2013 sovereign debt issuance underwritten by Credit Suisse Group, BNP Paribas and Russian bank VTG Group is XS09693514503. The proposed new sovereign debt issuance is a dual tranche undertaking and includes ISIN XS1391003446 for the Unrestricted Global Note and ISIN XS1391003529 for the Restricted Global Note transaction. The offering document for the proposed restructuring transaction is available via this link In 2015, global news media reported that the proceeds of the issue of the Existing Notes had been used in part to purchase defense equipment, rather than exclusively to purchase tuna fishing vessels and infrastructure operated by the state-owned corporation Empresa Moçambicana de Atum S.A. (“EMATUM”), which engages in commercial tuna fishing, as had previously been widely reported. According to the restructured note offering, to date, EMATUM has taken delivery of 24 tuna boats and will shortly take delivery of three trimarans to support its fleet. Subsequent press reports have also called into question whether all of the proceeds of the issuance of the Existing Notes were used for authorized or appropriate purposes. Per the disclaimers within the new offering prospectus, EMATUM has experienced net losses in recent periods and therefore the Existing Notes Issuer may not be able to service the Existing Notes in current or future periods. ISIN.com is a leading provider of international securities identification number aka ISIN code assistance. From ISINs to CUSIP to SEDOLs and other reference data securities numbers, the ISIN.com team works discretely with sovereign governments and government agencies, corporate issuers and private entities in the course of offering memorandum writing, fund and company setup and ensuring Issuers conform to respective regulatory regime guidelines. Contact ISIN.com today to schedule a free consultation   In 2013, when the above-noted underwriters sold the bonds to investors for the Mozambican state-owned company, the prospectus for the issuance indicated EMATUM needed money for tuna fishing. But months later, Mozambique’s government announced that the funds had also been used to buy military equipment. Bondholders were also unaware that Credit Suisse and VTB made $1.2 billion in undisclosed bank loans to other state-owned companies for additional military purchases until The Wall Street Journal reported on the deals in April 2016. Mozambican President Filipe Nyusi recently agreed to an international audit of the deals by investigations firm Kroll, in an effort to regain access to frozen international aid. A report of the audit is expected in February, a person familiar with the matter said. Mozambique used proceeds from the bonds and loans to purchase military and maritime goods and services from firms owned by holding company Privinvest, such as French defense contractor Constructions Mécaniques de Normandie. Privinvest is owned by Lebanese businessman Iskandar Safa. At the time of the deal, Mozambique’s ruling party was in heightened conflict with opposition forces. To read the full story from the WSJ, please click here […]

September 2016

Blockchain Comes to World of Reference Data – ISIN

Can Blockchain and Distributed Ledger technology Lead Reference Data professionals to the Holy Grail? Financial industry professionals having specific roles focused on administering reference data are typically found in a cubicle staring at a computer and managing the logistics involved with parsing, curating and tagging the various codes and acronyms associated with each financial instrument that is passing [...]

July 2016

Azerbaijan Govt Defeats Effort to Inflate Interest Rates

27 July 2016 Baku, Fineko/abc.az. The Ministry of Finance of Azerbaijan, pursuing the policy of free pricing, has successfully defeated an attempt to inflate the rates on state short-term bonds (T-bills) up to 20%. The Baku Stock Exchange announced that the Finance Ministry sold manat-denominated T-bills with ISIN-code AZ0102005516. They were offered in the volume [...]

December 2015

ISIN Update-Mondelez Announces Pricing For Tender Offer

DEERFIELD, Ill., Nov. 25, 2015 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (formerly known as Kraft Foods Inc.) (NASDAQ:MDLZ) announces today pricing and the results for its previously announced tender offer (the “Offer”) for its outstanding £350,000,000 7.25 per cent. Notes due July 2018 (ISIN: XS0377058614) (the "Notes"). The Offer was made on the terms and [...]

ISIN Update-Hapag-Lloyd Calls 125mil in US-Dollar Bonds

ISIN.com update: In effort into optimize its capital structure and reduce interest costs, fleet shipping concern Hapag-Lloyd announced the call (repayment) of US$ 125 million in principal amount of its US dollar denominated bond due 2017 (Reg. S bonds: ISIN USD33048AA36 / Rule 144A bonds: ISIN US41135QAA22) for partial redemption approximately two years prior to [...]

November 2015

Bayport Mgt Announces Bond Offer, ISIN Code

Bayport Management Ltd ("Bayport" or "the Company") wishes to announce that the prospectus for the Company's maximum SEK 1.5 billion bond, being the Company's fifth bond issue on the Swedish market, has been approved and registered by the Swedish Financial Supervisory Authority on 20 November 2015 and that the Company has applied to have the bond admitted [...]

Sweden-based Bayport Mgt Latest Bond Offering-ISIN Update

ISIN.com update courtesy of Reuters-Bayport Management Ltd ("Bayport" or "the Company") wishes to announce that the prospectus, including ISIN update, for the Company's maximum SEK 1.5 billion bond, being the Company's fifth bond issue on the Swedish market, has been approved and registered by the Swedish Financial Supervisory Authority on 20 November 2015 and that the Company [...]

September 2015

ISIN Update: Santander Ratings Revised

LONDON/PARIS, September 11 (Fitch) Fitch Ratings has assigned Santander UK Group Holdings plc's (SGH; A/Positive/F1/a) Tier 2 dated subordinated notes a final 'A-' rating. SGH issued notes denominated in US dollars, which were priced on 8 September 2015 and will be settled on 15 September 2015. The amounts issued were USD1bn (4.75% fixed-rate, ISIN:XS1291333760; US80281LAA35) [...]

August 2015

ISIN Update-India’s ICICI Bank Announces Bond Redemption

ISIN.com update: India's ICICI Bank has notified the India Stock Exchange of its plan to redeem outstanding bonds issued by the bank ICICI Bank Limited has informed the Exchange that the Bank has fixed Record date for following ISINs:1. ISIN : INE005A11077, Record Date : September 05, 2015, Purpose : Redemption of bonds in the [...]

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