ADB seeks add'l P220 M in local currency swap.
The Asian Development Bank is proposing an additional P220-million local currency swap as part of the P3 billion approved earlier by the Monetary Board, the central bank's policy-making body. The ADB is asking the MB to approve the new proposal to fund reconstruction costs of its "Balikatan"...

Banks must put up capital for market risks; Starting next year.
Byline: FIL C. SIONIL The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved a measure mandating banks to allocate capital for their government securities holdings to be implemented starting next year. "We approved the guidelines for corporate capital charge...

El Paso Corporation Announces Plans to Issue Convertible Debt.
HOUSTON, Feb. 22 /PRNewswire/ -- El Paso Corporation (NYSE: EPG) announced today that it plans to raise gross proceeds of approximately $800 million through an offering of 20-year zero-coupon convertible senior debentures due in 2021. The securities will be convertible into El Paso common stock at a...

Calpine Announces Intent to Sell Zero Coupon Debentures to Refinance Existing Debt.
SAN JOSE, Calif., April 24 /PRNewswire Interactive Press Release/ -- Calpine Corporation (NYSE: CPN) announced today its intent to sell $800 million of zero coupon convertible debentures due 2021 in a private placement under Rule 144A. These securities will be convertible into Calpine common shares. In addition, the company...

Basic Investors, Inc. Begins Making Market in the Publicly Traded Common Stock of Rhino Enterprises Group, Inc.
Basic Investors Established Since 1956 With Over 30 Retail Brokers DALLAS and MELVILLE, N.Y., Aug. 3 /PRNewswire/ -- Rhino Enterprises Group, Inc. (OTC Bulletin Board: RHNO), a Dallas, Texas-based holding company which is developing a portfolio of subsidiary companies in a wide range of cutting-edge,...

Legg Mason Intends to Commence Zero Coupon Offering.
BALTIMORE, May 31 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that it intends to commence a private offering of zero coupon convertible notes, expected to raise $200 million. The zero coupon convertible notes will be offered with original issue discount and will be...

Less volatility for mutual funds.
Byline: Ashish Gupta The Union Budget for the year 2008-09 has proposed to increase the short-term capital gains tax. The proposal is to increase the tax from 10 to 15 percent. A short-term capital asset means a capital asset held by an assessee for not more than...

Capital gains tax hike to benefit mutual funds.
Byline: Ashish Gupta The Union Budget for the year 2008-09 has proposed to increase the short-term capital gains tax. The proposal is to increase the tax from 10 to 15 per cent. A short-term capital asset means a capital asset held by an assessee for not more...

Gyrodyne Requests Additional Information on K Capital Proposal.
ST. JAMES, N.Y., July 24 /PRNewswire/ -- Gyrodyne Company of America, Inc. (Nasdaq: GYRO) (GYRO) reported today that it had responded to K Capital Partners, LLC, July 12, 2001 filing of an amended 13D Filing announcing its intentions to offer $19.00 per share for the Company's common...

El Paso Corporation Announces Pricing of $800-Million Convertible Debt Offering.
HOUSTON, Feb. 23 /PRNewswire/ -- El Paso Corporation (NYSE: EPG) announced today that it has agreed to the sale of zero-coupon convertible senior debentures due in 2021 with a yield to maturity of 4.0 percent. The gross proceeds to the company will be approximately $800 million, which...