Merchant banks

Commercial Bank of Dubai to Issue International Bonds

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.


CIMB's Purchase of SMC's Bank Shareholdings Hits Legal Hurdle

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.

EBRD Opting for Direct Approach

The EBRD is thinking of going directly to the small business man to help jumpstart the European economy.

US$5 Million Credit Facility for Augme from Silicon Valley Bank

Augme Tech gets loan facility from Silicon Valley Bank. Augme Technologies, Inc together with its fully owned subsidiary, Hipcricket, Inc divulged to the public last Friday that it was able to get a credit facility on its accounts receivable from the Silicon Valley Bank.


Latest News

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.
AvantCredit gets loan infusion from Victory Capital. The asset executive firm, Victory Park Capital, disclosed that it granted AvantCredit a US$25 million credit facility.
FNA Group finances boosted by refinancing from Bank of America. Livingstone, a renowned and independent global investment banking firm was pleased to announce the completion of negotiations on the refinancing by Bank of America of the FNA Group, Inc.
Almarai Co is to offer nearly US$500 million debt bonds for its expansion program. Almarai Co is a Saudi Arabian food conglomerate that is currently operating a joint venture project with PepsiCo Inc.
Portugal bond sale met with high demand as For the first time since the bailout of 2011, Portugal sold ten year bonds. This is a clear manifestation as to the untiring efforts to restore investor confidence in the recovering economy of the country through the hard fought implementation of austerity policies.
SeaWorld, after its recent IPO, is seeking a US$1.4 billion loan in order to refinance its debt. The Blackstone Group controlled SeaWorld Entertainment Inc is now seeking a US$1.
The Commercial Bank of Dubai has chosen three banks to manage its bond issue estimated at US$500 million.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
After a two year wait, the Rwandan bourse is preparing an IPO of I&M Bank. The Rwandan Stock Exchange is now in the midst of planning its first listing since June of 2011.
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