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.