Munich Re Says It Plans to Sell About $1.3 Billion of Subordinated Bonds

(Bloomberg) -- Munich Re, the world's second-biggest
reinsurer, plans to sell about 1 billion euros ($1.3 billion) of
subordinated bonds.

The perpetual bonds, which will be marketed to investors
during the week ending June 1, will be callable by Munich Re from
10 years after the date of issue, the company said in an e-mailed
statement today. Until then, the bond will have a fixed coupon and
thereafter a floating rate, the Munich-based reinsurer said.


Read more at Bloomberg Bonds News

HCI full-year profit jumps 143 pct

(Reuters) - South African media and leisure company Hosken Consolidated Investments increased full-year adjusted headline earnings per share by 52 percent and headline profit by 143 percent, the firm said on Friday.

HCI, which controls casino and hotel company Johnnic Holdings and has a majority stake in commercial TV broadcaster eTV, said headline profit rose to 511.2 million rand while adjusted headline EPS increased to 412.58 cents.


Read more at Reuters Africa

Nasdaq, Foiled on LSE Purchase, Will Acquire Sweden's OMX for $3.7 Billion

(Bloomberg) -- Nasdaq Stock Market Inc. agreed to buy
Sweden's OMX AB for 25.1 billion kronor ($3.7 billion) after
failed attempts to acquire London Stock Exchange Plc left the
U.S. company behind in the race to expand into Europe.

Nasdaq offered 208.1 kronor for each share in Stockholm-
based OMX, the companies said in statement today. Nasdaq will pay
with 0.502 new share and 94.3 kronor in cash for each share in
OMX, Europe's fifth-largest stock exchange.


Read more at Bloomberg Stocks News

Sudan Sells Nile Blend Crude Oil for Loading in July to Itochu, Chinaoil

(Bloomberg) -- Sudan Petroleum Corp., the country's
state-owned oil company, sold as much as 2 million barrels of
Nile Blend crude oil for loading in July to two buyers, said
traders who submitted offers.

---------------------------------------------------------------
Crude:         Nile Blend from Sudan
Quantity:      1 million barrels
Loading:       July, from Bashayer Marine Terminal
Buyer:         Itochu Corp.
Price:         **ICP Minas +$1.25 a barrel
---------------------------------------------------------------
Crude:         Nile Blend from Sudan
Quantity:      1 million barrels
Loading:       July, from Bashayer Marine Terminal
Buyer:         China National United Oil Corp. (Chinaoil)
Price:         **ICP Minas +28 cents a barrel
----------------------------------------------------------------

**ICP = Indonesian Crude Price


Read more at Bloomberg Energy News

Buy Canadian Dollar Options to Bet on Currency's Rally, IDEAglobal Says

(Bloomberg) -- Investors should use options to bet
the Canadian dollar will extend its rally after reaching a 30-
year high this week, according to research firm IDEAglobal.

The currency rose to the highest since 1977 yesterday as
traders increased bets the central bank will raise interest
rates for the first time since May last year. Options are the
best way to make the bet because an investor can't lose more
than the premium they pay for the contract, IDEAglobal said.


Read more at Bloomberg Currencies News

Shenzhen Development Bank's Shares Surge After Company Raises Stock Offer

(Bloomberg) -- Shares of Shenzhen Development Bank
Co., controlled by buyout firm TPG Inc., surged by the daily
limit as trading resumed after the bank increased an offer to
investors to make all its stock tradable.

The stock gained 1.39 yuan, or 5 percent, to a record 29.24
yuan at 9:30 a.m. in Shenzhen. Shares of Shenzhen Development
have more than doubled this year, making it the best performer
among the nation's 10 publicly traded lenders.


Read more at Bloomberg Emerging Markets News

Kuwait International Investment Will Sell $150 Million of Islamic Bonds

(Bloomberg) -- International Investment Group KSCC,
a Kuwait-based Islamic financial company, plans to sell $150
million of convertible bonds complying with Shariah law, its
first sale of the securities.

The company is seeking to price the five-year notes at 1.5
to 2 percentage points more than the dollar mid-swap rate,
according to sale terms from arranger Barclays Capital. The
three-year mid-swap rate was at 5.224 percent as of 10:03 a.m.
in Bangkok, according to data compiled by Bloomberg.


Read more at Bloomberg Bonds News