Skandia critics say this one could fall more

Article Abstract:

The article discusses how the stock of Swedish life insurance firm Skandia fell in the fourth quarter, even though the company seemed to have good results for the full year. Sales had risen 48% to 198 billion Swedish kronor (Euro21.9 billion) and operating profit for the firm's core units had increased 22% to 5.8 billion kronor.

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CGNU of Britain offers 1.94 billion euros in callable bonds

Article Abstract:

CGNU PLC has made a bond offering worth 1.94 billion euros. The subordinate bonds are long-dated and callable. CGNU has sold 700 million pounds worth of 35-year, 6.125% bonds.

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Legal & General taps convertible bond sector

Article Abstract:

Legal and General Group PLC has issued a convertible bond offering in a deal valued at 500 million pounds (804 million euros). The issue is the company's first sterling-denominated bond in several years.

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