Source Pravda.Ru

Vattenfall Agrees To Shareholders Bond Demands

Vattenfall, Sweden's largest electricity company, agreed to investors' demands that its management meet them in person before the utility sells bonds.

The company delayed a sale of as much as 300 million British pounds ($443 million) of debt, deciding to hold meetings with investors to generate more demand, its underwriters said. The sale, which was originally planned for as early as June 14, will follow later in the year, said a banker at Barclays Capital, which is managing the sale with Dresdner Kleinwort Wasserstein.

“Investors have an absolute right to sit down with the company and ask some questions -- we can't rely on research from a broker and the annual reports,” said Paul Davey, who helps manage $750 million at Edinburgh Fund Managers. He did not submit an order for the bonds because the company didn't hold presentations.

Many European utilities are refinancing the more than $75 billion in acquisitions made in 2001, including Vattenfall's $1.6 billion purchase of a stake in Bewag AG, Berlin's biggest utility.

Visit to

&to=http://www.vattenfall.com/' target=_blank>VATTENFALL

Comments
The World Cup has changed the world in one month
Donbass referendum: Putin’s bright move to force Ukraine to obey
West at a loss: Russia is ready for $40 oil price
Americans obtain secret information about Russia’s new Avangard missiles
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russian party girl Nastya Rybka refuses to please Washington
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Now it's Law: Israel is not a Democracy
Now it's Law: Israel is not a Democracy
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Now it's Law: Israel is not a Democracy
Americans obtain secret information about Russia’s new Avangard missiles
EU and Western Sahara: The Hassle and the Controversy!