London-listed Hochschild Mining Plc plans a USD350 million bond issue to finance its expansion projects in Peru and Chile. It intends to invest USD372 million in a silver mine project in Peru and USD1 billion in a gold project in Chile.
Sectors
Report says challenges plague Indian private equity industry
A report by Vivek Singla of The Economic Times compared the Indian private equity industry to a valiant warrior who is able to penetrate an enemy's circle of defense, but failed because he had no exit plan.
Beleaguered OGX seeks USD150 million in fresh capital from bondholders
Brazilian oil company OGX is reportedly in talks with bondholders about a USD150 million capital infusion in the struggling firm. OGX previously reported a loss of BRL2.1 billion and filed for bankruptcy with USD4 billion in debt.
US hedge fund sold stake in Britain's Co-op Bank after Paul Flowers scandal
US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.
Central bank says Brazilian monetary policy may be compromised if Supreme Court rules against lenders
The central bank of Brazil said the country's monetary policy stands to be compromised if the Supreme Court rules against the nation's largest lenders for implementing government rules to fight hyperinflation in the past.
Latest News
Africa-focused private equity (PE) fundraisers have secured more than USD2 billion from January to September, according to Private Equity Africa, a publication for fund managers and investors.
Morgan Stanley now leads in mergers and acquisitions in Japan, advising 41 takeovers this year worth USD 28.3 billion, through its venture with Mitsubishi UFJ Financial Group Inc.
Canada-based base metals mining firm Trevali Mining Corp announced the closing of a USD46-million financing through the offering of 55.4 million of its shares priced at USD0.83 apiece.
Mumbai-based realty major Lodha Group has bought a 0.67-acre property near the Buckingham Palace in London for over INR3,120 crore. The property will be converted into super-luxury residential flats.
ARCHER DANIELS MIDLAND SAYS WILL CONSIDER INCREASING STAKE IN GRAINCORP AFTER FULL TAKEOVER REJECTED
Archer Daniels Midland (ADM) said it will consider increasing its stake in GrainCorp after its takeover bid for the grain handler was rejected by the Australian Treasurer on Friday.
The central bank of the Philippines approved the merger between China Bank Savings In and rural bank Unity Bank Inc, expanding China Bank's network to 90 branches.
A report from The Economic Times said mid-sized technology companies in India are hiring experienced executives from larger peers to gain management expertise and skills.
Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.
Indian private equity firm Milestone Capital Advisors Ltd. is planning to raise an INR500 crore real estate fund with a greenshoe option of additional INR250 crore. The firm expects to launch its eighth fund early next year.
