S.Korea Himart plans to raise about $500 mln in IPO

SEOUL, July 29 (Reuters) – Himart, South Korea’s biggest
electronics retailer, plans to raise about 600 billion won
($506.3 million) in a 2011 initial public offering, a Himart
official said.

Himart has chosen Daewoo Securities to manage the IPO, the
proceeds of which are likely to be used to pay off debts owed by
its parent firm Eugene Corp (023410.KQ), the official, who
declined to be named because of the sensitivity of the issue,
said.

Himart, founded in 1987, operates 281 stores in the country.
In its 2009 financial year the company had a a net loss of 37.2
billion won.

Eugene Corp has an 80 percent stake in Himart. Himart CEO Sun
Jong-koo has a 19 percent shareholding, a March regulatory filing
showed.

For a factbox on South Korea’s IPO market, click on
[ID:nTOE62U02Z]

Safco Q2 net surges on higher prices, land sale

July 10 (Reuters) – Saudi Arabian Fertilizers Co 2020.SE (SAFCO) posted a better-than-expected 89 percent rise in its second-quarter net profit on improved prices for its products and non-recurring proceeds from land sale.

Safco, which produces urea and ammonia, made a net profit of 907 million riyals ($241.9 million) in the three months to end-June compared to 480 million riyals a year-earlier, the firm said in a bourse statement.

This was above the average forecast of 785.7 million riyals in a Reuters survey [ID:nLDE6660XI]

Safco, in which Saudi Basic Industries Corp 2010.SE holds a 42 percent stake, said in April it stood to gain 263.4 million riyals from the sale of two land parcels. [ID:nLDE63C1H9]

(Reporting by Souhail Karam; Editing by Jeremy Laurence)

ANZ National sells NZ$350 mln five-year bond

(For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)

SYDNEY, July 9 (Reuters) – ANZ National Bank Ltd (ANZ.AX),
New Zealand’s largest lender, has sold a NZ$350 million ($248
million) five-year bond issue at 165 basis points over swap, it
said on Friday.

Proceeds will be used for fund general purposes, it said.

Deal details are as follows:

Issuer: ANZ National Bank Ltd

Facility: Domestic fixed rate notes

Law: New Zealand

Amount issued: NZ$350 million

Maturity: July 13, 2015

Set date: July 13

Coupon: 6.51%

Yield: 6.51%

Spread: +165bp/swap

Issue price 100

Lead(s): ANZ

Issuer ratings: AA (S&P), Aa2 (Moody’s), AA- (Fitch)
(Reporting by Cecile Lefort; editing by Balazs Koranyi)

Indonesia aims to sell 4 trln rph bonds on July 6

July 1 (Reuters) – Indonesia’s finance ministry expects to raise 4 trillion rupiah ($441.7 million) worth of conventional bonds via an auction on July 6, it said in a statement on Thursday.

The ministry holds regular debt auctions, the proceeds of which are used to help plug the state budget deficit. ($1=9,055 Rupiah) (Reporting by Dicky Kristanto and Adriana Nina Kusuma; Writing by Gde Anugrah Arka; Editing by Neil Chatterjee)

UPDATE 1-Segro sells $350 mln of assets to APP venture

LONDON, June 22 (Reuters) – Industrial property landlord Segro (SGRO.L) has agreed to sell 237 million pounds ($352 million) of assets to its Airport Property Partnership (APP) with Aviva Investors (AV.L), enlarging its portfolio to 684 million pounds.

The assets being sold to APP include North Feltham Trading Estate, Poyle 14 at Heathrow and the Gatwick International Distribution Centre at Crawley.

The price of the assets being sold to APP represents a net initial yield of 5.1 percent. APP will fund the acquisition using committed debt facilities and about 70 million pounds of equity from each partner.

“Through these two transactions, Segro has significantly strengthened its Heathrow portfolio, one of our core locations… and generated net disposal proceeds for the group,” Segro Chief Executive Ian Coull said.

The sales on Tuesday coincide with the completion of Segro’s purchase of BAA’s 50 percent stake in APP for 111.3 million pounds in cash. The venture manages airport-related industrial assets in and around major UK airports.

(Reporting by Sinead Cruise, editing by Cecilia Valente)

(See www.reutersrealestate.com for the global service for real estate professionals from Reuters)

French and Benelux stocks – Factors to watch on June 16

June 16 (Reuters) – Below are company-related news and leading stories from French and Benelux media which could have an impact on the region’s markets or individual stocks.

Industrials

ZODIAC (ZODC.PA)

The French aerospace equipment supplier said on Tuesday it saw encouraging signs of recovery in the aerospace industry amid more favourable currency exchange rates as it confirmed its full-year objectives.

[ID:nLDE65E2AK] COFINIMMO (COFB.BR)

The Belgian property investment company said it had sold three buildings for a total amount of 36.8 million euros ($49.37 million). The proceeds would be reinvested, the group said.

[COFB.PA]

DASSAULT AVIATION (AVMD.PA)

France’s Defence Minister on Tuesday denied the cost of upgrading 60 Dassault Rafale jet fighters to the standard required by the United Arab Emirates had risen and said talks were being finalised with the Gulf Arab state.

Citycon Oyj: Citycon signs an additional EUR 50 million term loan

CITYCON OYJ Stock Exchange Release 2 June 2010 at 12.05 hrs

Citycon signs an additional EUR 50 million term loan

Citycon has today signed a EUR 50 million unsecured floating rate term loan facility
with Nordea Bank Finland Plc. The loan will mature in five years.

The new term loan will strengthen the company’s available liquidity and provides means
to finance Citycon’s growth with the help of long term financing. The proceeds from the
credit facility will be used to finance strategic investments such as shopping centre
redevelopment projects and refinancing of maturing debt. Citycon’s available committed
debt facilities total EUR 252 million taking into account this new loan meaning that the
company has sufficient liquidity to cover all authorised investments and debt maturities
for at least the next 12 months.

The credit margin is in line with the EUR 50 million loan signed on 31 May 2010.

Helsinki, 2 June 2010

CITYCON OYJ

Petri Olkinuora

CEO

For further information, please contact:

Eero Sihvonen, Executive Vice President, CFO

Tel +358 20 766 4459 or +358 50 557 9137

eero.sihvonen@citycon.fi

Distribution:

NASDAQ OMX Helsinki

Major media

www.citycon.com

HUG#1421006

Tintin memorabilia raises $1 million in Paris auction

(Reuters) – An auction of rare memorabilia of the Belgian cartoon series Tintin has raised more than 1 million euros ($1.23 million), organizers said on Monday.

Arts

The Tintin series, created by Georges Remi under the pen name Herge, has become one of the most popular comics in the world with translations in more than50 languages and 200 million copies of the 24 books sold.

There is huge appetite for collectors of anything related to the adventurous investigative reporter and his little white dog.

The Paris auction on May 29 included 230 items from about 70 collectors that even Herge’s foundation Moulinsart, a partner in the sale, never knew existed.

Total proceeds of the latest sale came to 1,072,110 euros, the organizers Piasa said in a statement.

The item which attracted the highest bid at 243,750 euros was a couple of frames from King Ottokar’s Sceptre.

In 2008, the original cover of “Tintin in America” sold for about 750,000 euros. Last year, a lot of almost 600 items, including hand-drawn original cartoon strips, raised nearly 1.2 million euros with buyers from as far away as China and Lebanon.

(Reporting by Sophie Taylor; Editing by Jon Boyle)

Antonio Banderas makes debut as pro snapper

London, May 14 (ANI): Antonio Banderas is now trying to make his mark as a professional photographer – the Spanish actor recently unveiled a collection of his photos in New York.

Banderas, 49, has been snapping pics for years, but he decided to go public with his photos only after the suggestion was made during discussions for the promotion of his new men”s fragrance, The Secret.

Bosses at perfume house PUIG convinced Banderas to go public with his photos, which show varying aspects of Spanish culture and emphasise women”s powers of seduction.

And finally Banderas launched the Secrets on Black collection at Instituto Cervantes in Manhattan earlier this week, reports the Daily Express.

The proceeds from the sale of the snaps, which are currently up for grabs, will benefit Broadway Cares/Equity Fights AIDS, a cause Banderas has been championing for the last five years.

The travelling Secrets on Black exhibition will be displayed in galleries across the globe throughout 2010. (ANI)

US piling up pressure on Pak to act over botched Times Square bombing investigations

Washington, May 6 (ANI): The United States is piling up pressure on Pakistan to follow the leads being provided to it over the attempted Times Square bombing with substantial action.

In a series of meetings and telephonic conversations with the Pakistani leadership, the Obama Administration has made it very clear that Islamabad would have to act after ‘clear links’ were established with Pakistan in the failed bombing plot.

Addressing a press briefing here, Assistant Secretary of State Philip Crowley said Washington has been in constant touch with Islamabad regarding the investigations, and that it has specifically been told what it should do.

“The purpose of the meetings was to inform Pakistan that there are clear links to Pakistan and that we would fully expect them to do what they should do and what they have been doing. Whatever leads are generated here in the United States … we would fully expect Pakistan to follow up on,” Crowley said.

“Pakistan, as you are seeing, has already taken its own steps. I”ll defer to the Pakistani government to describe what it is doing,” he added.

Crowley said US Ambassador to Pakistan Anne Patterson had detailed meetings with President Asif Ali Zardari, Foreign Minister Shah Memmood Qureshi and also talked to Interior Minister Rehman Malik over the issue.

President Obama’s Special Envoy to Afghanistan and Pakistan Richard Holbrooke also had a telephonic conversation with Qureshi, The Dawn reports.

When asked whether the US was satisfied with the action initiated by Pakistan, Crowley said : “I think it’s more a matter of what we do from this point forward.”

Crowley also clarified that the White House has not given Islamabad any list of things it wanted it to concerning the botched bombing attempt, but added that Washington will make specific requests as the probe proceeds.

“I expect we will make specific requests of Pakistan in terms of cooperation,” he said.

Crowley said that the attempt to bomb Times Square had “international implications” and the United States expected Pakistan to help explore those implications. (ANI)

Country musicians support CF project

Mogo Zoo on the New South Wales Far South Coast was treated to a night of country music at the weekend, to raise funds for the Red Rose House Project.

It has taken locals five years to build the house at Malua Bay, relying on materials, money and labour donated by the community.

When the house is sold, the proceeds will be donated to Cystic Fibrosis Australia.

Musicians from Bargo and Merimbula joined forces on Saturday to support the initiative.

Organiser Michael Skuse says the project will benefit from the length of time it has taken to complete.

“The market was a bit tough in the last couple of years, and we made a decision that that wouldn’t be the best time to finish it and sell it,” he said.

“If we can sell it for another $50 000 in a better market condition, that’s all going to the charity.”

For more, go to the South East News blog at http://bit.ly/dgL1SN

”Star Trek” memorabilia up for auction

New York, April 27 (ANI): Sci-fi fans can now lay their hands upon Gene Roddenberry”s ”Star Trek” memorabilia.

The items will be up for grabs in June.

The Las Vegas auction would feature numerous items that were once used by Roddenberry, the creator of Star Trek.

“My father would be proud that his memorabilia will not only be enjoyed and cherished by Star Trek fans, but that the proceeds will benefit society on a larger scale,” the New York Daily News quoted Roddenberry’s son, Rod Roddenberry, as saying.

Among the articles going under the hammer are costumes worn by actress Majel Barrett Roddenberry during Star Trek: The Next Generation and Star Trek: Deep Space Nine, a Peabody award for The Big Good-bye, an episode from The Next Generation, as well as a script with notes scribbled on it by Roddenberry.

The dresses are expected to sell for 800 to 1,200 dollars, while the script may fetch more than 2,000dollars.

Other items include a model of the U.S.S. Enterprise-D that was once housed in Roddenberry”s office, one of his IBM computers, and an oak desk. (ANI)

Greens to have exclusive Internet domain name

Mumbai, April 22 (IANS) Very soon, the global green community will have its very own domain name on the Internet, according to the World Wide Fund For Nature (WWF).

The Internet Corporation for Assigned Names & Numbers (ICANN), responsible for creating domain endings like .com or .org, will soon initiate the process to create a whole bunch of new endings, including .eco.

This would enable those who want to proclaim their green credentials by adding a .eco ending to their website or even email address, the WWF said.

An email address or website that ends in .eco could also send powerful signals to all concerned that their owners are in some way eco-friendly, sustainable or green.

Accordingly, the WWF-International and many non-governmental organizations, individuals and others are devising ways to manage the .eco domain ending responsibly.

‘It’s critical that the rules for operating .eco – including who can buy names, how proceeds are used, what it stands for, and how a trust is maintained – are transparent, accountable, community-based and designed for the long-term benefit of people and the environment,’ the WWF-International said on its website.

U.S. charges Australian with laundering $500 mln

U.S. prosecutors arrested an Australian man in Las Vegas on Friday on charges that he helped gamblers and illegal Internet gambling companies launder $500 million.

In a case unsealed in New York, prosecutors accused Daniel Tzvetkoff, 27, of processing gambling proceeds and making them appear legal to banks, starting in early 2008.

He created dozens of so-called shell companies in a scheme that he once wrote was “perfect,” prosecutors said.

Tzvetkoff was charged on four counts, including bank fraud, money laundering, and conspiracy to operate and finance an illegal gambling business.

If convicted, he could face up to 75 years in prison.

Prosectors said Tzvetkoff stopped processing transactions in March 2009 after leading gambling websites accused him of stealing $100 million.

Tzvetkoff, who had a penchant for exotic cars and mansions, has also been sued by a former business partner for failing to keep accurate financial records, The Courier-Mail newspaper in Brisbane, Australia has reported.

(Reporting by Dana Ford)

S.Korea Hyundai Motor to sell 5-yr bonds -term sheet

HONG KONG, April 12 (Reuters) – South Korean carmaker Hyundai Motor Co. (005380.KS) has hired banks to make an offering of 5-year dollar bonds, according to a term sheet seen on Monday.

The borrower has mandated Barclays Capital, BofA Merrill Lynch, Citigroup, Goldman Sachs and Nomura to handle the sale which will “be launched in the near future subject to market conditions.”

“The proceeds will be mostly used to refinance existing indebtedness of Hyundai Motor Manufacturing Czech s.r.o.,” said Standard & Poor’s in a statement while rating the bonds at BBB-minus. (Reporting by Umesh Desai; Editing by Jonathan Hopfner)

Egypt’s Palm Hills rights issue 95 pct subscribed -paper

CAIRO, April 11 (Reuters) – Egyptian developer Palm Hills Developments (PHDC.CA) shareholders bought 95 percent of the shares on offer in a 699 million Egyptian pound ($127 million) rights issue, a newspaper said on Sunday.

Financials

Palm Hills plans to use the issue’s proceeds to speed up construction and expand into hotels and other sectors, shielding it from home sales volatility, it said.

The firm is expected to reopen the rights issue to cover the unsubscribed portion, Egyptian daily al-Mal reported, quoting unnamed sources close to the issue.

Palm Hills executives were not immediately available for comment.

Under the rights issue, which closed on April 6, each shareholder is entitled to one share at 2 pounds each for every two shares held, Palm Hills has said.

Palm Hills shares traded at 6.70 pounds, up 0.6 percent, at 0846 GMT. (Writing by Alexander Dziadosz)

BRIEF-Thai PTT to sell bonds in H2, sees higher Q1 profit

BANGKOK, April 9 (Reuters) – PTT PCL (PTT.BK):

* Plans to sell 20 billion baht ($620 million) bond in the second half of 2010 and the proceeds will be used to refinance debt and finance expansion, Chief Executive Prasert Bunsumpun told reporters after a shareholders meeting

* Expects first-quarter net profit and revenue to be higher than the same period last year and the fourth quarter thanks to improving margins in both its petrochemical and refinery businesses ($1=32.28 Baht)

Ex gratia payment to crime victim

WA Attorney-General Christian Porter says an oversight by the Government is to blame for an elderly crime victim not receiving thousands of dollars stolen from him.

Thieves broke into the home of 83-year-old Mervyn Fletcher in 2008 and stole between $50,000 and $80,000 from his safe.

The offenders were caught and convicted and three cars they bought with the stolen cash were seized.

The Government sold the cars at an auction and the profit was put into consolidated revenue.

Mr Porter has revealed the Government will make an ex gratia payment to Mr Fletcher to return some of the money taken from him.

But he will not say how much payment will be.

“The amount is likely to be modest to Mr Fletcher, representing cash that was seized and cars that were auctioned,” he said.

“That is likely to be a modest amount.

“Mr Fletcher should really be applying for criminal injuries compensation.”

Opposition MP Roger Cook says the ex gratia payment should include the consolidated revenue made by the Government from the sale of the cars.

“The Government should recompense Mervyn Fletcher for the amount of money that was stolen from him and then confiscated from the people who were convicted of the crime,” he said.

“Mervyn also deserves to receive the amount of money which was retrieved from the sale of the vehicles bought with the proceeds of the crime.”

Qld agricultural colleges reorganised

The Queensland Government has announced a radical shake-up of the state’s agricultural colleges.

The report will see the number of Agricultural College sites increased from five to 14.

The new facilities will be paid for by the sell-off of much of the college’s existing farmland and some of its infrastructure, expected to raise $17 million.

The report spells the end for the Burdekin campus, south of Townsville in north Queensland, which will accept no new enrolments.

In southern Queensland, the Dalby campus will not be sold but some of its farming land will be.

Primary Industries Minister Tim Mulherin says a training centre will be established at the University of Queensland’s Gatton campus in the Lockyer Valley, west of Brisbane.

“This is about reinvesting the total proceeds, plus an additional $3 million, back into the AACC [Australian Agricultural College Corporation],” he said.

He says there will be no forced redundancies.

Opposition reaction

The Opposition says the plan to sell Agricultural College land and facilities is another part of the Queensland Government’s privatisation push.

Opposition primary industries spokesman Ray Hopper says the State Government has no right to sell what he says are vital parts of the rural economy.

“This is spin … this is the sale of the people’s assets,” he said.

“This was an educational facility for rural Queensland – it’s now gone.”

Thenergo sells waste collection unit

BRUSSELS, April 2 (Reuters) – Biomass energy company Thenergo (THEB.BR) said on Friday it had sold its waste collection unit Leysen to Van Gansewinkel Group as part of measures aimed at rescuing the loss-making company.

Utilities

Thenergo said it would invest the proceeds of the sale in its core activities of transforming renewable fuels into electricity and heat.

In addition, by selling Leysen, the group would be able to reimburse the outstanding debt from Thenergo’s original acquisition in 2007 as well as its total debt by 15 million euros, it said.

The group on Tuesday reported another net loss in 2009 and said shareholders would have to determine whether or not to wind up the company. [ID:nLDE62U1WJ]

The board said at the time it proposed attracting capital, continuing cost cuts and stopping the cash drain through divestments and seeking a capital increase. (Reporting by Antonia van de Velde; Editing by Mike Nesbit)