Friday 31st July 2015
NEWS TICKER, Thursday, July 30th:Standard & Poor's Ratings Services said today that it has assigned its 'B' long-term issue credit rating to the senior unsecured Eurobond issued by the Republic of Zambia (B/Stable/B). The bond issue totals $1.25bn and carries an interest rate of 8.97%. Coupon payments will be made bi-annually, and principal repayments will take place in three equal payments, due in 2025, 2026, and 2027. The bond will be Zambia's third international placement following its debut $750m bond in September 2012, at 5.375%, and a $1bn bond issue in April 2014 at 8.5%. Zambia will mainly use the proceeds of the eurobond for budgetary and project financing – ESMA, the European markets regulator has published responses to its consultation on virtual currencies and distributed ledger technology. The responses can be viewed on the regulator’s website -The second phase of Zambia's $828m Maamba power station project is close to being finalised according to trade press reports. The project sponsor is Maamba Collieries Limited (MCL), the largest coal mining company in Zambia. In 2011, MCL appointed SEPCO Electric Power Construction Corp (China), a large supplier of power generating plants, substations, and transmission lines, for implementation of the power project. The power will be sold to Zambia Electricity Supply Corporation (ZESCO) Limited. The 300 MW plant is planned for operation by 2016.

Latest Video

Northern Trust appoints new FX leadership

Monday, 18 June 2012
Northern Trust appoints new FX leadership Northern Trust has named William J Huber and Mark C Gossett as new co-heads of Global Foreign Exchange, effective July 2nd this year. These changes follow the decision of Peter Gloyne, current global head of Foreign Exchange, to retire. http://www.ftseglobalmarkets.com/

Northern Trust has named William J Huber and Mark C Gossett as new co-heads of Global Foreign Exchange, effective July 2nd this year. These changes follow the decision of Peter Gloyne, current global head of Foreign Exchange, to retire.

Northern Trust has named William J Huber and Mark C Gossett as new co-heads of Global Foreign Exchange, effective July 2nd this year. These changes follow the decision of Peter Gloyne, current global head of Foreign Exchange, to retire.  Huber, a 23-year veteran of the bank, currently serves as chief dealer of Northern Trust’s Global Foreign Exchange Division based in Chicago. Gossett, an executive vice president with 29 years of service with Northern Trust, has served in a variety of senior roles including chief risk officer and chief operating officer for Northern Trust Global Investments, and chief financial officer of the International Segment within the bank’s Corporate & Institutional Services.

As part of the transition, Gossett will relocate to London and Huber will remain in Chicago. Both will report to Fradkin.

Related News

Related Articles

Related Blogs

Related Videos

  • Forces shaping the UK pension industry Thursday, 18 October 2012 Forces shaping the UK pension industry
    Rosalind Knowles, partner, Linklaters Pension Practice Group provides the first Keynote Speech at FTSE Global Markets’ Transition Management conference at Gibson…
  • Investing in Russia (Part 1) Friday, 01 July 2011 Investing in Russia (Part 1)
    Mattias Westman, founding partner, Prosperity Capital Management, discusses the key challenges and opportunities of investing in Russia during the Accessing…
  • Russia's derivatives and FX markets Friday, 01 July 2011 Russia's derivatives and FX markets
    Tim Bevan, director, global electronic trading services, Otkritie Securities Ltd discussed the Russian derivatives and FX markets during the Accessing…

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP