CVC Credit would list CVC Credit Partners European Opportunities Ltd in the London Stock Exchange. Private equity firm the CVC Group is planning to raise Eur300 million or US$389 million from investors through flotation of one of its credit funds.
Finance/Venture
Larsen and Toubro to Sell Inflation Linked Bonds
Larsen and Toubro, following the lead of the Singh government, is selling inflation pegged bonds to the market.
First Nordic Investment for H.I.G. Europe
HIG Europe announces its first Nordic investment. H. I. G. Capital's European management group for global private equity, H. I. G. Europe announced today its primary Nordic venture with the purchase of Freedom Finance Nordic, the biggest consumer loan agency that is operational in Finland, Sweden and Norway.
Ghana to Issue Eurobond Worth US$1 Billion
Ghana, similar to its issue in 2007, is planning to sell Eurobond worth US$1 billion. Ghana is planning to issue a Eurobond worth up to US$1 billion in order to refinance its current debt and fund infrastructure projects, according to the country's Vice President.
OpenCoin Supported by Google Ventures and IDG Capital Partners
OpenCoin receives funding and support from IDG Capital Partners and Google Ventures. OpenCoin disclosed that it concluded another circle of angel funding from renowned investors IDG Capital Partners and Google Ventures.
Latest News
China Galaxy Securities per share price range for its IPO narrowed down. China Galaxy Securities Co Ltd has announced the indicative price range for its US$1.
Commerzbank is selling off its property loans unit to Lone Star and Wells Fargo Bank. Commerzbank is in deep discussion to negotiation the divestment of the bulk of its Eur5.
TransferWise raises funds with Paypal co-founder leading the funding round that totalled US$6 million.
The Commercial Bank of Dubai has set the price of its bond issue with a volume of US$500 million. The Commercial Bank of Dubai has set the price of its US$500 million international bond issue after the launch of the deal at the higher end of the price guidance, showing healthy investor demand.
Bloomberg Editor in Chief issues an apology, calling the access as inexcusable. The Editor in Chief of Bloomberg News, Matthew Winkler, apologized Monday for allowing its journalists 'limited access' to sensitive data on how clients utilized the ubiquitous Bloomberg terminals.
Current constitutional restrictions on foreign ownership of real property is what is causing the delay in the sale of 60% of the 84% ownership of SMC in Bank of Commerce by CMIB.
Glass Lewis recommends to shareholders not to vote for proposed executive compensation package. According to proxy advisory firm Glass Lewis, shareholders of Goldman Sachs Group Inc should vote against the proposed executive compensation as the board has 'failed to link pay with performance'.
KeyCorp CFO to retire soon. KeyCorp disclosed today that current Chief Financial Officer Jeffrey B. Weeden has notified the company of his intent to retire after almost 11 years in the firm.
Experian sells off its market research services unit to WPP. The global information services company, Experian Plc has announced Monday that it has agreed to sell off its market research services.
