Ibercaja has finalized an agreement to purchase Caja 3. Ibercaja, the mid sized Spanish financial institution, said on Thursday that it has settled an agreement to buy out Caja 3, a smaller Spanish bank.
Merchant banks
Al Baraka Bank to issue sukuk denominated bond
Al Baraka Bank of Bahrain to issue US$200 million sukuk bond. (Photo : Reuters)The image is the corporate logo of Al Baraka Bank. The Turkish unit of Al Baraka Bank is working on a US$200 million sukuk.
Regulatory Probe Ends Ebix, Goldman Affiliate Merger
A planned merger between Ebix and an affiliate of Goldman Sachs was cancelled after investigation by US regulators.
Deals of the Day - Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported on Tuesday:- Google Inc bought Israeli mapping startup Waze on Tuesday for just over $1 billion, a source familiar with the matter said, acquiring an online real-time mapping service to safeguard its lead in one of the most crucial aspects of smartphone usage.
Freddie Mac Sells Off Bills At Higher Than Market Rates
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
Latest News
Emirates NBD to do bond issue. Amidst healthy demand, the Emirates NBD had launched a bond issue worth US$1 billion to allow the Dubai lending institution a focused price guidance.
Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.
A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
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.
Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
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.
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.
