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February 2013

News The Norwegian Government Pension Fund Global Makes First Property Investment in the US

The Norwegian Government Pension Fund Global bought 49.9 percent of five office properties in the US, its first investment in the world’s largest real estate market, through a joint venture with TIAA-CREF.

February 2013

News German Banks May Limit Trading Rather Than Split

Some of the banks that qualify for a potential split under draft legislation agreed by the German government last week may choose to stop the restricted activities rather than incur the costs of separation, as the affected businesses make relatively small contributions to (...)

February 2013

Regulation ESMA seeks feedback for review of the Short Selling Regulation

The European Securities and Markets Authority (ESMA) has published a Call for Evidence on the evaluation of the Regulation (EU) No236/2012 on short selling and certain aspects of credit default swaps (SSR).

February 2013

News Fitch Rates Turkey’s USD Sukuk Due March 2018 ’BBB-’

Fitch Ratings has assigned Hazine Mustesarligi Varlik Kiralama Anonim Sirketi’s (Hazine) USD1.5bn of global certificates (Sukuk), due 26 March 2018, a ’BBB-’ rating. The certificates have a profit rate of 2.803%.

January 2013

News FDB Prices $1 Billion Fixed Rate US Dollar Global Benchmark Due March 2018

On Wednesday, January 16, 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due March 15, 2018. The transaction pays a coupon of 0.875 per cent and a spread of five basis points over (...)

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