New Issue-Spain’s ICO sells 50 bln yen in Samurai bonds

TOKYO, April 17 (Reuters) – Spain’s Instituto de Credito
Oficial (ICO) [ICO.UL] sold 50 billion yen ($503.2 million) in
Samurai bonds in two tranches, lead manager Daiwa Securities SMBC
said on Friday.

Details are as follows:

1. Five-year fixed-rate bond:

Issue amount: 22.9 billion yen

Coupon: 1.67 percent

Issue price: par

Maturity date: April 23, 2014

Coupon payments: April 23, Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

Spread: 60 basis points over yen swaps

2. Five-year floating-rate bond:

Issue amount: 27.1 billion yen

Coupon: 0.68 pct point above 3-month yen Libor

Issue price: par

Maturity date: April 23, 2014

Coupon payments: Jan. 23, April 23, July 23 and Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

ICO, which is guaranteed by the Kingdom of Spain, provides
financial backing to small and medium-sized businesses.

Samurai bonds are yen bonds issued in Japan by non-Japanese
entities.
(Reporting by Naoyuki Katayama and Hiroyasu Hoshi: writing by
Rika Otsuka)

Low to moderate drinking, socialization good for your heart

Washington, Mar 20 (ANI): Low-to-moderate drinking and socialization is beneficial for cardiovascular heath, according to a new study.

A Japanese examination of the effects of social support on the relationship between drinking and cardiovascular disease has found that the health benefits of light-to-moderate drinking are more pronounced in men with greater social support.

Hiroyasu Iso, a professor of public health at Osaka University and corresponding author for the study, and his colleagues examined 19,356 men 40 to 69 years of age who were enrolled in the Japan Public Health Center-based Prospective Study.

Their alcohol consumption was classified into seven categories: ever, past, occasional, 1-149, 150-299, 300-449, or 450 grams/week. Measures used were alcohol consumption, risk of cardiovascular disease, and social support.

“We found the reduced risks of total stroke, ischemic stroke, and total cardiovascular disease associated with light-to-moderate drinking were more pronounced in men with high social support, probably due to avoidance of unhealthy behaviours and enhancement of stress buffering,” said Iso.

“In our study, compared with light-to-moderate drinkers with high social support, those with low social support had more unhealthy lifestyles such as physical inactivity, no job and fewer opportunities for medical checkups,” Iso added.

Results will be published in the June issue of Alcoholism: Clinical and Experimental Research and are currently available at Early View. (ANI)