CHICAGO, Oct. 8 [1997] /PRNewswire/ -- Duff Phelps Credit Rating Co. (DCR) has rated the $250 million subordinated notes of Safra Republic Holdings S.A. (Safra Republic) 'AA' (Double-A). These notes are due October 15, 2997, have a coupon of 7.125 percent and were priced at 99.161 for a yield to maturity of 7.185 percent.http://www.prnewswire.com/news-releases/duff--phelps-credit-rating-co-rates-safra-republics-1000-year-bonds-aa-77468667.html
Safra Republic Holdings announced that in October it will issue $250 million of millennium bonds that mature in 2997. Safra Republic Holdings SA (SRH) $250 million issue of 7.125% subordinated debentures, due October 15, 2997, is rated 'AA-' by Fitch.
http://www.chegg.com/homework-help/financial-reporting-and-analysis-5th-edition-chapter-11-solutions-9780078110863
In 1999, Edmond Safra was murdered. Billionaire banker Edmond Safra was killed early Friday [December 3, 1999] when fire engulfed his Monte Carlo home, following an attack by two hooded men, according to Monaco's official press office.
http://money.cnn.com/1999/12/03/worldbiz/safra/
See also "The strange case of Edmond Safra".
Billionaire Safra key to HSBC Swiss bank origins
How bizarre. But I still want to know about the millenium bonds. Were they bought out by HSBC, or are they still outstanding? If so, who owns them?
No comments:
Post a Comment