Friday 28th November 2003 |
Text too small? |
Brokers and institutional investors have so far taken up $45 million for each of the two GCN tranches issued by Global Corporate Credit, while indications of interest have been received for another $10 million.
The first tranche, rated AAA by Standard & Poor's, would pay an interest rate of 7.20%. The second tranche, with a single A rating, would pay an 8.25% interest rate, Global Corporate Credit said.
Public pool applications, including oversubscriptions of up to $100 million, would be made on a first-come, first-served basis, the directors said.
The proceeds of the issue would be invested in medium-term notes to be issued by Structured Investments Corporation, a special purpose vehicle established by Citigroup.
No comments yet
July 8th Morning Report
Half-way predictions scorecard
SKT - Sky appoints new Chief Financial Officer
July 7th Morning Report
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report