EFSF appoints BNP Paribas, JP Morgan and Deutsche Bank for unscheduled bond issue. The European Financial Stability Facility announced Wednesday that has appointed BNP Paribas, JP Morgan and Deutsche Bank as joint lead managers for a ten year Euro benchmark bond.
Investment banks
Piraeus of Greece Hires Banks
Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.
Loan Refinanced for Atlantis, the Palm
A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
Snoro Lizingas UAB purchased by investment banking partners
Snoro Lizingas UAB purchased from bankrupt Bankas Snoras by LHV Pank AS and RAZfin of Lithuania. Estonian banking group, LHV Pank AS together with RAZFin of Lithuania have agreed to purchase Snoro Lizingas UAB from bankrupt Lithuanian bank Bankas Snoras AB.
Jain and State Bank of India to Help Indian Farmers
Jain Irrigation and State Bank of India to provide assistance to Indian farmers. The largest lending institution in India, the State Bank of India, is working out a partnership with Jain Irrigation Systems Ltd, the largest irrigation equipment manufacturer in Asia, to provide planned assistance to Indian farms in the reduction of water usage yet at the same time increase productivity.
Latest News
Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.
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.
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.
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.
HSBC will cut back costs and sell off minority assets under the three year restructuring plan of CEO Stuart Gulliver.
Lloyds pay back Eur3.5 billion of LTRO received from ECB. Lloyds Banking Group had announced that by next week, it would be paying the remaining Eur3. 5 billion or US$4.
Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.
NLB and NKBM, Slovenian banks are planning capital hikes totalling Eur767 billion. Two of Slovenia's largest banks, namely NLB and NKBM are planning to introduce capital hikes worth a combined total of Eur767 billion or US$1 billion.
Chang Hwa Bank to introduce three year bond worth at least one billion yuan. Chang Hwa Bank would raise 1 billion yuan or US$163. 11 million through a yuan denominated bond sale.
