Asia-Pacific Bond Risk Falls on US Data, Bear Stearns Bid Mar 25, 2008
The cost of default protection on dropped 46 basis points from March 21 to 142 at 4:45 p.m. in Sydney, according to ABN Amro Holding NV's prices. A basis point is 0. (Bloomberg)
Europe Bonds Drop as Price Growth Leads Traders to Pare ECB Rate Cut Bets Mar 23, 2008
At these levels, we'll need a lot of negative news to keep prices going higher,'' said , an interest-rate strategist in London at ABN Amro Holding NV, the biggest Dutch bank. You've got to believe the central banks are going to cut very aggressively to make these look like attractive levels. (Bloomberg -- Europe)
Corporate Bond Risk in Asia, Australia Increases on Subprime Loss Concerns Mar 20, 2008
What happened overnight spurred people to become more risk averse after the euphoria of Bear Stearns,'' said , director of credit and structuring at ABN Amro Holding NV in Sydney. It's going to take considerably more time for investors to feel confident once again. (Bloomberg -- Japan)
Aussie tops 93 US cents Mar 19, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Australian, New Zealand Dollars Strengthen on Fed Rate Cut, Stock Gains Mar 19, 2008
You've got less risk aversion with quite a sharp rally in equities, which is helping the Aussie,'' said , a strategist at ABN Amro Holding NV in Sydney, referring to the currency by its nickname. The Australian dollar advanced to 93. (Bloomberg -- Australia & New Zealand)
Australian Company Bond Risk Has Biggest Fall on Goldman, Lehman Earnings Mar 19, 2008
There is optimism after finding out Lehman, which had been perceived to be in trouble, had a decent set of results, and on the belief the Fed will bail out any bank that does fail,'' said , director of credit and structuring at ABN Amro Holding NV in Sydney. He said this is the biggest drop for the Australian credit-default swap index since it started in 2004. (Bloomberg -- Australia & New Zealand)
UK regulator wants to limit whistle-blowing rules Mar 9, 2008
Deutsche Bank, Goldman Sachs, ABN Amro Holding and Barclays are among so-called sponsors, securities firms that make money by guiding companies through the process of listing on London's stock market. "We are hoping to ensure the regime is practical, reflects good market practice and ensures that sponsors are clear on the high standards expected of them," Alexander Justham, director of markets, said in a statement. (Business Report, South Africa)
Allco Finance Shares Slump After HBOS, National Australia Bank Seize Stock Mar 7, 2008
Lenders including ABN Amro Holding NV, Commonwealth Bank of Australia and Westpac Banking Corp. are reviewing Allco's ability to repay a further A$900 million of debt after the company's market value fell below A$2 billion. Liabilities. (Bloomberg -- Australia & New Zealand)
Australia, New Zealand Dollars Set for 2nd Weekly Loss as Carry Trades Cut Mar 7, 2008
The Markit iTraxx Australia Series 8 Index climbed 24 basis points to 182 basis points, according to ABN Amro Holding NV prices. The contracts are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt. (Bloomberg -- Australia & New Zealand)
M&A Plunge Presages Lean Year for Market Leaders Goldman, Morgan Stanley Mar 3, 2008
Goldman, along with Morgan Stanley, UBS and other firms, is helping ABN Amro Holding NV, the biggest Dutch bank, sell itself to a group led by Edinburgh- based Royal Bank of Scotland Group Plc for about 73. 3 billion euros ($100 billion), in the biggest deal of 2007. (Bloomberg)
Bank Shares Fall in Australia as ABN Amro Says Earnings Outlook Negative Mar 3, 2008
March 3 (Bloomberg) -- Commonwealth Bank of Australia, the country's biggest mortgage provider, led bank shares lower in Sydney trading after ABN Amro Holding NV said headwinds have turned ``gale force'' for the industry. The outlook for earnings for the sector remains negative,'' said analysts including Jarrod Martin in note dated Feb. 29. (Bloomberg -- Australia & New Zealand)
Barclays Purchases Moscow-Based Lender Expobank for $745 Million in Cash Mar 3, 2008
March 3 (Bloomberg) -- Barclays Plc, the U.K.'s third-biggest bank, acquired Russian lender Expobank for $745 million in its first overseas acquisition since losing the bidding contest for ABN Amro Holding NV.. Barclays agreed to pay cash for all of Petropavlovsk Finance (Limited Liability Society)'s stake in the Moscow-based lender, the London-based bank said today in a statement. (Bloomberg -- Europe)
Trichet Resistance to Rate Cuts Empowered by Rising Eastern European Trade Mar 3, 2008
The ECB is facing genuine inflation risks and, unlike the Fed, it won't choose to ignore this threat,'' says Dario Perkins, senior European economist at ABN Amro Holding NV in London. To contact the reporters on this story: John Fraher in London at Gabi Thesing in Frankfurt at. (Bloomberg)
Australian Dollar Rises to Highest in 24 Years; New Zealand Dollar Gains Feb 29, 2008
There is a strong argument for the Australian dollar to go higher,'' said Greg Gibbs, a currency strategist at ABN Amro Holding NV in Sydney. The yield advantage is dramatic. (Bloomberg -- Australia & New Zealand)
Stocks Fall, Led by Banks on Interest Rate Concerns, Goldman's Target Cuts Feb 28, 2008
The stock was raised to ``buy'' from ``hold'' at ABN Amro Holding NV, and to ``buy'' from ``neutral'' at UBS AG. The company yesterday said full-year profit more than doubled after it attracted more money into higher-fee investments such as hedge funds. Origin Energy Ltd. (ORG AU), Australia's second-biggest energy retailer, jumped for the first day in nine, adding 63 cents, or 8 percent, to A$8. (Bloomberg -- Australia & New Zealand)
PrivateBank's evolution more about midsize companies Feb 27, 2008
The bank took a major step in its new direction in recent months as it hired numerous bankers from in both Chicago and Milwaukee after LaSalle was sold in October 2007 to by ABN AMRO Holding N.V. In Milwaukee, The PrivateBank added three former LaSalle Bank executives in January and one in December and set out to pursue more business customers. PrivateBank was founded in Chicago in 1989 to offer personalized service to high-net-worth individuals. (Milwaukee Business Journal, WI)
ABC Learning Shares Plunge by Record as Profit Slump Raises Debt Concerns Feb 26, 2008
Analysts at ABN Amro Holding NV and Citigroup Inc. cut their ratings on the stock to ``hold'' from ``buy. Exposure to a deteriorating U.S. economy does not help the investment case,'' said ABN's Nick Caley in a note to clients. (Bloomberg -- Australia & New Zealand)
Interhyp Reports 32% Higher Profit, Appoints Utecht as Financial Officer Feb 25, 2008
Feb. 24 (Bloomberg) -- Interhyp AG, a German mortgage broker that earns fees from banks such as Deutsche Bank AG and ABN Amro Holding NV, said full-year profit rose 32 percent. Net income in 2007 was 18. (Bloomberg -- Germany)
Allco Plunges After Saying It Needs to Sell Assets to Pay $1 Billion Debt Feb 25, 2008
Lenders for the A$900 million loan are ABN Amro Holding NV, Commonwealth Bank of Australia and Westpac Banking Corp., according to Bloomberg data. ABN and Westpac are the lenders for the A$250 million. (Bloomberg -- Australia & New Zealand)
Wesfarmers First-Half Profit Surges After Acquisition of Retailer Coles Feb 22, 2008
The perceived risk of owning Wesfarmers' bonds, as measured using credit-default swaps, surged about 30 basis points to a record 160 basis points at 3:40 p.m. in Sydney, ABN Amro Holding NV prices show. The price means it costs $160,000 to protect $10 million of debt from default for five years. (Bloomberg -- Australia & New Zealand)
European Manufacturing Growth Probably Cooled as U.S. Slowdown Hurt Europe Feb 22, 2008
I doubt they will cut rates any time soon,'' said Dario Perkins, senior European economist for ABN Amro Holding NV in London. Higher energy prices and more expensive food are fanning inflation, which the EU says will average 2. (Bloomberg -- Europe)
Central Bank Bets, Debt Defaults, Fiat's One-Man Show Feb 22, 2008
Among the dissenters expecting no change this year are Merrill Lynch & Co., Goldman Sachs Group Inc., ABN Amro Holding NV and Morgan Stanley. Traders aren't giving up on hopes for a rate cut, though they have scaled back their ambitions. (Bloomberg -- Columnists)
Downer Shares Gain on Optimism for Mining Services (Update1) Feb 21, 2008
The stock gained on the Sydney-based company's outlook for mining services and Knox's results presentation, said ABN Amro Holding NV's Chris Sleep. Their mining division, which they've flagged problems in the last six to nine months'' may be steadying, analyst Sleep said by telephone from Sydney. (Bloomberg)
Trichet May Not Cut Rates, Says Merrill Economist Who Got It Right in 2006 Feb 21, 2008
His view, shared by economists at Goldman Sachs Group Inc., ABN Amro Holding NV and Morgan Stanley, conflicts with the opinion of most investors and economists that the bank will reduce its key rate from 4 percent. The gap between market expectations and the ECB's thinking is unusually wide,'' said Baader, who two years ago bucked the consensus by forecasting accurately that Trichet would keep increasing borrowing costs. (Bloomberg -- Europe)
European Stock-Index Futures Decline; Alliance & Leicester, Banks May Fall Feb 20, 2008
03 billion euros from selling shares in ABN Amro Holding NV and Royal Numico NV and reported a 194 million-euro pretax loss on subprime mortgage and other related issues. Heineken. (Bloomberg -- Germany)
ING Profit Rises 18% on $1.5 Billion Gains From Selling ABN, Numico Stakes Feb 20, 2008
03 billion euros from selling shares in ABN Amro Holding NV and Royal Numico NV.. Banks around the world have booked more than $146 billion of writedowns and credit losses amid the collapse of the U.S. subprime mortgage market. (Bloomberg -- Europe)
German Unions' `Mega Wage Year' Won't Spur Consumption Amid Inflation High Feb 16, 2008
Unions have become noticeably more militant,'' said Dario Perkins, an economist at ABN Amro Holding NV in London. With inflation already well above the ECB's objective, there is clearly no room to accommodate such a trend. (Bloomberg)
Standard Life Reinsures $13.2 Billion of Policies With Great-West Life Feb 14, 2008
It is a positive move,'' said Youssef Ziai, a London-based analyst at ABN Amro Holding NV. ``It reduces the degree of uncertainty and risk within Standard Life's capital structure. The size of the annuity business is probably too large in the context of the overall business,'' said Ziai, who has a ``buy'' rating on Standard Life stock. (Bloomberg -- UK)
UBS posts record $15.1 billion loss Feb 14, 2008
"The rot is spreading to other residential areas," ABN Amro Holding NV analysts Kinner Lakhani and Omar Fall said in a note to clients last week. They recommend investors avoid UBS shares and forecast as much as $US10. (Sydney Morning Herald -- Business)
America Sneezes, Europe Catches Cold as Inflation, Deficits Defer Recovery Feb 12, 2008
Next year ``might be a period of `reverse decoupling,' with the U.S. economy enjoying a sharp recovery and the euro-area economy stagnating,'' says Dario Perkins, senior European economist for ABN Amro Holding NV in London. A relatively inflexible economy and `sticky' inflation'' will hold Europe back, he says. (Bloomberg)
ABN Amro Holding N.V. Feb 12, 2008
BofA to sell LaSalle Bank division - East Bay Business Times. Members: Not Registered. (East Bay Business Times, CA)
Credit Suisse Net Falls on SF1.3 Billion Writedowns (Update1) Feb 12, 2008
Credit Suisse may suffer this year from a revenue slowdown or potential writedowns from commercial mortgage-backed securities and leveraged loans, analysts including ABN Amro Holding NV's Kinner Lakhani have said. The bank ranked fifth among global CMBS underwriters in the first nine months of 2007, Lakhani said. (Bloomberg)
Asia-Pacific Bond Risk Rises to Record on G-7's Subprime Loss Prediction Feb 11, 2008
Australia's benchmark measure of default risk rose 8 basis points to 128 basis points at 12:19 p.m. in Sydney, ABN Amro Holding NV prices show. The Markit iTraxx Australia Series 8 Index gains as perceptions of credit quality deteriorate. (Bloomberg -- Australia & New Zealand)
Inflation-Linked Bond Sales May Increase to Record $79 Billion in Europe Feb 9, 2008
ABN Amro Holding NV, Royal Bank of Scotland Group Plc, BNP Paribas SA, Calyon and Natixis were hired to manage the sale. Spain may issue inflation-linked debt because demand is ``huge,'' Soledad Nunez, director of the Spanish Treasury, said in a Jan. 29 Bloomberg Television interview. (Bloomberg -- Europe)
U.K. Two-Year Notes Gain Most in Three Months as BOE Cuts Interest Rates Feb 9, 2008
The Bank of England has struck this halfway stance between the European Central Bank's hawkishness and the very dovish Federal Reserve,'' said Luca Jellinek, head of interest-rate strategy in London at ABN Amro Holding NV, the biggest Dutch bank. Two-year yields ``may head a bit lower past 4 percent and then rebound. (Bloomberg -- UK)
Julius Baer's Profit Rises 33%, Beating Estimates, as Clients Added Funds Feb 8, 2008
Wealth management is ``not immune from challenging markets,'' analysts Kinner Lakhani and Omar Fall at ABN Amro Holding NV wrote in a note to investors on Feb. 6. Demand for equity-related products in expanding markets such as Asia is slowing, they said, and ``this is likely to create a significant headwind for what has been Julius Baer's main source of growth. (Bloomberg -- Europe)
Cohrs, Jain Say `Nein' to `Sprechen Sie Deutsch?' Avoiding Subprime Losses Feb 8, 2008
It probably earned around 400 million euros in the first half from selling contracts which rose in value as U.S. mortgage defaults surged, ABN Amro Holding NV analyst Kinner Lakhani estimated in July. The German bank then reduced its holdings of collateralized debt obligations, which repackage assets into new securities with varying risks, to less than 1 billion euros from 10 billion euros during the third quarter. (Bloomberg -- Germany)
National Australia Buys A$1 Billion of Rams Loans (Update2) Feb 8, 2008
Although Rams is appearing to refinance quite capably, the market is questioning if it's a sustainable business,'' said Chad Karpes, head of the Asia-Pacific bond syndicate at ABN Amro Holding NV in Sydney. This is a solution that has been found to allow them to continue to operate. (Bloomberg)
Deutsche Bank May Miss 2008 Earnings Target, Even After Dodging Subprime Feb 7, 2008
Analysts at ABN Amro Holding NV cut their rating on Deutsche Bank today to ``sell'' from ``hold'' on concern the company will be forced to make further writedowns as credit markets worsen. In the third quarter, Deutsche Bank's revenue from fixed- income trading dropped 71 percent to 576 million euros from a year before. (Bloomberg)
ICBC Deposes Citigroup as Chinese Banks Rule in Emerging New World Order Feb 5, 2008
ABN Amro Holding NV, the Dutch bank, which climbed to 11th this year, will lose that spot as it is broken apart by a group led by RBS, which bought it for 72 billion euros ($107 billion) in October in the industry's biggest-yet acquisition. If you take out the Chinese, the main disturbance in the rankings is between large universal banks and regional-oriented banks,'' said Roy Smith, a finance professor at New York University's Stern School of Business and a former partner at Goldman. (Bloomberg)
Gilts Post Weekly Gain, Pound Declines on Speculation BOE Will Cut Rates Feb 2, 2008
Weaker U.S. growth is going to knock on to the U.K. as well,'' said Jason Simpson, an interest-rate strategist at ABN Amro Holding NV in London, the biggest Dutch bank. We expect gilt yields to continue to fall in the short-term. (Bloomberg -- UK)
Stocks Complete Worst Month for More Than 20 Years; AMP Slides, Rio Jumps Jan 31, 2008
Henderson was cut to ``hold'' from ``buy'' yesterday by ABN Amro Holding NV analyst John Heagerty, who set a 12-month price target of A$2. 65 a share. (Bloomberg -- Australia & New Zealand)
ABN, Countrywide Shun Kangaroo Bonds, Create A$11 Billion Hole, S&P Says Jan 30, 2008
Jan. 30 (Bloomberg) -- ABN Amro Holding NV and Countrywide Financial Corp. will be among sellers that shun Australian-dollar corporate bonds, creating an A$11 billion ($9 ... Among the biggest overseas companies that have Australian- dollar bonds maturing this year are ABN Amro Holding, with A$1 billion, Morgan Stanley with A$780 million and Countrywide with A$350 million, Bayley said. (Bloomberg -- Australia & New Zealand)
European Stock-Index Futures Rise; HBOS, BNP Paribas, Lagardere Might Gain Jan 29, 2008
Gestevision Telecinco SA, Spain's biggest commercial broadcaster, was cut to ``hold'' from ``buy'' at ABN Amro Holding NV. ABN Amro downgraded Antena 3 de Television SA, Spain's second-largest commercial television broadcaster, and Television Francaise 1, France's largest, to ``sell'' from ``hold. . (Bloomberg -- Germany)
Wesfarmers Predicts Credit Markets Will Settle as It Repays Coles Loans Jan 29, 2008
The perceived risk of owning Wesfarmers debt increased as much as 15 basis points to 120 basis points in Sydney, according to ABN Amro Holding NV prices, the highest since Bloomberg began tracking the data in 2004 ... A total of 25 banks including ABN Amro Holding NV, JPMorgan Chase & Co., Sumitomo Mitsui Banking Corp. joined the deal, with loans ranging from A$750 million to A$15 million. (Bloomberg -- Australia & New Zealand)
Prudential Fourth-Quarter Sales Gain 34% on Asia, Equitable Life Business Jan 29, 2008
It's an impressive performance in Asia,'' said Youssef Ziai, an analyst at ABN Amro Holding NV in London who has a ``buy'' rating on the stock. There are not many companies like them in Asia with their spread of business. (Bloomberg -- UK)
Credit Derivative Investors May Lose 90% as ABN Funds Unwind, Moody's Says Jan 26, 2008
Jan. 25 (Bloomberg) -- ABN Amro Holding NV clients face 90 percent losses on two credit derivative products totaling 120 million euros ($176 million), according to Moody's Investors Service. The so-called constant proportion debt obligations have seen their net asset value fall to 10 percent, meaning they will have to unwind, or ``cash-out,'' Moody's said in an e-mailed statement today. (Bloomberg -- Europe)
Buffett, Flowers Purchases in Europe May Mean Bottom Is Near for Insurers Jan 25, 2008
The purchases are a vote of confidence for an industry that's been battered by concerns about possible subprime-related losses, slowing economic growth and declining stock markets, said Youssef Ziai, a London-based analyst at ABN Amro Holding NV. European insurers are trading at 8. 7 times estimated earnings, near the cheapest in four years, data compiled by Bloomberg show. (Bloomberg -- Europe)
Upbeat message from Microsoft lifts stocks in Europe Jan 25, 2008
ABN Amro Holding joined Morgan Stanley, Lehman Brothers Holdings and other brokerages in advising investors to "start buying" European stocks, saying they were cheap after the market slump. The MSCI Asia Pacific Index increased 4. (International Herald Tribune -- Business)
European Economy Takes Hit From U.S. Slowdown, Prompting ECB Rate-Cut Bets Jan 22, 2008
Those at ABN Amro Holding NV now expect the ECB's benchmark to stay at 4 percent this year, having previously anticipated an increase to 4. 25 percent, while David Owen, chief European economist at Dresdner Kleinwort Group in London, predicts a rate cut by the end of the year. (Bloomberg)
Morrison Says Sales Accelerated on TV Ads, Fresh Food (Update1) Jan 22, 2008
Sales momentum has clearly been building during the second half,'' Justin Scarborough, an analyst at ABN Amro Holding NV in London, said in a note before today's results. Sales growth ``has been enhanced by a number of factors including TV advertising, range improvements and store refurbishments. (Bloomberg)
Imperial Energy Plans 60,000 Barrels a Day Production After Beating Target Jan 21, 2008
The explorer has appointed ABN Amro Holding NV and UniCredit SpA to advise on the possible sale. Imperial plans to produce 80,000 barrels a day by the end of 2011 from ``currently identified structures,'' the company said. (Bloomberg -- UK)
Benchmark DAX Index Declines; Allianz, Munich Re Shares Lead the Retreat Jan 19, 2008
ABN Amro Holding NV lifted its recommendation on the stock to ``buy'' from ``hold. . (Bloomberg -- Germany)
Countrywide May Be Bank of America's One Good Deal: David Pauly Jan 18, 2008
He bought LaSalle Bank in Chicago from ABN Amro Holding NV for $21 billion and U.S. Trust Co. from Charles Schwab Corp. for $3. 3 billion. (Bloomberg -- Columnists)
S&P/ASX 200 Falls For Ninth Day in Longest Selloff for 12 Years; BHP Drops Jan 17, 2008
Commonwealth was cut to ``hold'' from ``buy'' yesterday by ABN Amro Holding NV analyst Jarrod Martin. Eden Energy Ltd. (EDE AU), the Australian producer of hydrogen fuels and equipment, jumped 5 cents, or 14 percent, to 41 Australian cents. (Bloomberg -- Australia & New Zealand)
European Stocks Decline; Tesco, Sanofi-Aventis, Kingfisher, BP Shares Drop Jan 15, 2008
Imperial Energy Plc, a London-based company that explores for oil in Russia, tumbled 6 percent to 1,705 pence as ABN Amro Holding NV said it's selling 1. 5 million shares in the company. (Bloomberg -- Europe)
Stocks in Europe May Advance in 2008 as Interest Rates Fall, ABN Amro Says Jan 12, 2008
Jan. 11 (Bloomberg) -- European stocks may rise about 5 percent this year as investors pay up ahead of a rebound in profit growth, according to ABN Amro Holding NV.. While earnings will be ``flat'' in 2008, investors will buy equities as central banks move to lower interest rates, paving the way for a recovery in consumer spending, Ian Richards, a London-based strategist at ABN, said in an interview. (Bloomberg -- Europe)
Law barring bank from holding 10 percent of U.S. deposits may impact BofA / Countrywide deal Jan 12, 2008
When Bank of America bought LaSalle Bank from ABN Amro Holding NV last year, the Federal Reserve estimated the Charlotte, N.C.-based bank held 9. 88 percent of the nation's $6. (San Diego Union-Tribune -- Business)
Countrywide Financial thrown a lifeline Jan 12, 2008
Bank of America's $US21 billion purchase of LaSalle Bank Corp from Holland's ABN AMRO Holding NV in October gave it control of about 9. 88 per cent of US deposits. (Sydney Morning Herald -- Business)
BofA ranks high on 'green' list Jan 12, 2008
BofA ranks seventh worldwide behind big international banks such as London-based , ranking first, and Dutch ABN AMRO Holding N.V., which ranks No. 2. At sixth place, New York's is the lone U.S. bank ahead of BofA.. (Charlotte Business Journal, NC)
Countrywide takeover talk could help Aussie banks Jan 11, 2008
A merger would come only three months after Charlotte, North Carolina-based Bank of America paid $US21 billion to buy LaSalle Bank Corp from Dutch bank ABN Amro Holding NV.. Kenneth Lewis, the bank's chief executive, has not been shy about mergers, spending well over $US100 billion in the last four years on acquisitions. (Sydney Morning Herald -- Business)
Lifting the Lid: Banks Urged to Address Climate Change Jan 11, 2008
Of the banks surveyed, HSBC Holdings PLC, ABN AMRO Holding NV, Barclays PLC, HBOS PLC, Deutsche Bank AG, Citigroup and Bank of America ranked the highest in their approaches to climate change. The report laid out a list of "best practices" in the financial sector and evaluated the companies in terms of board oversight, management execution, disclosure, accounting for greenhouse gases, and strategic planning. (Planet Ark, United States)
Infosys Profit Rises 25%, Beating Estimates, on Higher Software Prices Jan 11, 2008
Sales at the company, which manages computer networks and call centers for overseas clients including General Electric Co. and ABN Amro Holding NV, missed the 43. 4 billion rupee median estimate. (Bloomberg -- Asia)
Bank of England May Resist Calls for Second Consecutive Interest-Rate Cut Jan 10, 2008
There's potential for wages to be sticky even as growth slows,'' said Dominic White, an economist at ABN Amro Holding NV in London, and a former U.K. Treasury official. Inflation stayed above the central bank's 2 percent target for a second month in November. (Bloomberg -- UK)
Billionaire Krishnan Borrows Less Than Maximum Sought for Maxis Buyout Jan 2, 2008
Bank of Tokyo-Mitsubishi UFJ Ltd., DBS Group Holdings Ltd., Sumitomo Mitsui Banking Corp., HSBC Holdings Plc, ABN Amro Holding NV, Standard Chartered Plc underwrote the loan. Oversea- Chinese Banking Corp., ING Groep NV, Mizuho Corporate Bank Ltd., WestLB AG and Calyon later joined the financing, Lim said. (Bloomberg -- Asia)
