Unicredit has announced the implementation of a buy-back scheme for outstanding bonds. Italy's largest bank in terms of assets had announced it would be buying back senior bonds.
Finance/Venture
Italy's Promise To Pay Delayed
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
BTG Investments to Offer Senior Five Year Bonds
Debt bonds with BBB Minus rating would be offered by BTG Pactual Group subsidiary BTG Investments. A subsidiary of BTG Pactual Group, BTG Investments is planning to sell off five year senior unsecured bonds by next week.
Brazil is Goldman Sach's New Growth Area
According to President and COO Gary Cohn, Brazil is the new frontier for growth for Goldman Sachs. In a bid to increase its base of corporate clients in Brazil and neighboring countries, Goldman Sachs President and COO Gary Cohn said that it would respond to increased demand for corporate loans, advisory services and structure financing in the country.
RBS Directors to Stand Trial
According to a shareholder group, RBS and its directors should stand trial for lost share value in the bank because of the acceptance of the bailout plan.
Latest News
DAMAC Properties would be listing publicly in the Dubai bourse amidst high interest for IPOs in the region.
PT Saratoga Investama Sedaya and PT Mitra Pinasthika Mustika would be listed for their individual IPOs in Indonesia's bourse this year.
Bostjan Jazbec is the new central bank governor of Slovenia. Bostjan Jazbec, the International Monetary Fund expert has been appointed as the central bank governor of Slovenia.
HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
ICBC would be the first Chinese bank to invest in a Taiwanese Bank, SinoPac. SinoPac Financial Holdings Co. Ltd of Taiwan would be selling off a 20% share of its banking unit.
Elior buyout financing options are attracting buyout firms and more creative financing. Banks are being asked to provide its very first pure covenant lite debt package from Europe in order to support a buyout of Elior, the French catering firm.
The transfer of funds exempted Laiki Bank UK from Cyprus Bailout. The United Kingdom branch of the Laiki Bank has evaded the so-called 'haircut' of depositors in the beleaguered Cypriot bank.
A US$50 million sukuk bond issue would be undertaken by the Sharjah Islamic Bank. The lending institution partly owned by the UAE emirate of Sharjah, the Sharjah Islamic Bank is now in the process of preparing for a dollar denominated Islamic bond or sukuk.
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
