Demand spurs IXOs to issue more shares

Article Abstract:

Ixos Software AG, which chiefly manufactures document-management software for systems supplied by German software firm SAP AG, issued additional 95,000 shares following its successful Oct. 7, 1998, initial public offering (IPO). The company, which invoked the green shoe clause of underwriting for the additional shares, has been encouraged by the positive response it received during its IPO. According to Ixos, it issued the additional shares at a price of 170 marks per share, or $20.75 per American depository share. Including the additional shares, Ixos currently has about 3.8 million shares being traded on the Neuer Markt, Frankfurt, GE's market for growth stocks, and on Nasdaq in US.

Comment:

Issues additional 95,000 shares following its successful initial public offering on 10/7/98

Software Publishers, Germany, Word Processing Software Pkgs (Micro), Word processing software, Article, iXOS Software AG

Eurobonds in Ford Motor stall, driven lower by economic forces

Article Abstract:

Ford Motor's eurobonds saw their value weakened on markets in Europe as economic forces drove them lower. The bonds were hurt by concerns over the coming war in Iraq, falling stock indexes, and economic sluggishness.

Europe, Ford Motor Co., F, Company securities, Eurobond market, Automotive industry

Time Engineering bondholders demand payment after default

Article Abstract:

Time Engineering Bhd. bondholders are demanding that their bonds be redeemed by the company, which defaulted on security payments. The bondholders are calling for the payment of $162 million in bonds.

Malaysia, Fabricated Structural Metal Products, Fabricated Structurals, Architectural and Structural Metals Manufacturing, Management, Building materials industry, Metal products, Time Engineering Bhd., Structural metals