A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
Tags: Banks
Tunisia to boost local banks with IMF money
Tunisia received loan facility from IMF to boost capitalization of local banks. (Photo : Reuters)The image is the corporate logo of the International Monetary Fund.
Polkomtel Self Arranges for New Financing
Polkomtel was able to arrange for new financing in order to reduce overall debt burden. (Photo : Reuters)The image is the corporate logo of PKO Bank Polski SA.
Government gives big banks 2 years to comply
Bank of America, Chase, CitiGroup and other big banks were given two years to comply with the Dodd-Frank requirement that pushed swaps trading out of banks.
Axis, ICICI, HDFC Bank Gets Fined for KYC Violations
The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
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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.
DLF chooses eight banks to manage its IPO to comply with SEBI guidelines. DLF Ltd of India is in deep planning to sell off 81 million shares through institutional placement sales with eight banks.
Web video start ups prepare for IPOs as market continues rapid growth. The skyrocketing demand for web commercials that play alongside video clips that fuel growth in marketing startups.
The Commercial Bank of Dubai has chosen three banks to manage its bond issue estimated at US$500 million.
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
In a statement, Canadian asset manager Gluskin Sheff + Associates have taken off the for sale sign for the meantime.
Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
In the wake of Rio Tinto's possible sale of shareholdings in the Iron Ore Company of Canada, Labrador Iron Ore is studying its options for the future.
