Rating news: Moody's assigns A1 rating to Province of Manitoba's JPNYEN 10 billion dual currency bonds.NEW YORK--(BUSINESS WIRE)--June 27, 1996--Effective today, Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. assigned a A1 rating to Manitoba's JPNYEN 10 billion dual-currency bonds dual-currency bond A debt security that pays coupon interest in one currency and the principal in a different currency. Several variations of dual-currency bonds are issued, including some that specify the exchange rate at which currencies are converted for payable in Australian dollars Noun 1. Australian dollar - the basic unit of money in Australia and Nauru dollar - the basic monetary unit in many countries; equal to 100 cents at maturity. The offering has a coupon of 6.7% coupon, with interest payable in Japanese yen “Yen” redirects here. For the other use, see Yen (disambiguation). “JPY” redirects here. For the Australian singer with the same moniker, see John Paul Young. and principal of AUSDLRS 115,700,600 payable at maturity on July 9, 1998. This is the first Japanese yen denominated offering this year and the first ever initially directed at the retail market. CONTACT: Sovereign Rating Group Yves Lemay, Vice President, 212/553-4384 Catherine Fleischmann, Vice President, 212/553-4169 |
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