BBVA's AT1 bond issue is expected to be the first of many of its kind under the new Capital Requirements Regulation in Europe.
Sectors
Klovern AB issues new bonds to market
Klovern AB issues new bonds pegged at three months STIBOR plus 4% due on 2017 with a volume of SEK 500 million.
OBAS Acquires Rieber and Son
Orkla Brands SA has purchased 90.11% shareholdings in Riber and Son ASA and is required to purchase all other outstanding shares.
Escrow.com and Artprice to create new Euro System
Escrow.com and Artprice jointly develop processing of transactions for global online escrows in purchases using the system.
Private Equity Firms Setting Up Shop in Colombia and Peru
Major equity firms such as Carlyle, Pantheon and Victoria are setting up shop in Peru and Colombia. Three major private equity firms are opening up offices in the emerging markets of Peru and Colombia to ride the crest of deals that rate higher than the economic growth of Brazil.
Latest News
PT Mitra Pinasthika Mustika, which is owned by Saratoga Investama Sedaya holds IPOs for its firms. Automotive distribution conglomerate PT Mitra Pinasthika Mustika of Indonesia is planning to raise about 2 trillion rupiah or US$206 million through an initial public offering in May.
AgBank of China to issue 90 billion yuan worth of bonds. The Agricultural Bank of China Ltd will be issuing 90 billion yuan or US$14. 59 billion worth of bonds that are eligible for regulatory capital treatment.
H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
A total of 27 million shares would be sold off to allow the exit of Cinven and Warburg Pincus from Ziggo, the cable firm.
ING Groep NV, in its move to cut back operations, sells off custody services in several central and eastern European countries.
NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
Pegasus Airline, Turkey's low cost air carrier, raises nearly 1.93 billion lira or US$1.07 billion in its IPO.
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
