Shun Tak bond issue attracts investors from Asia and Europe. Shun Tak, the Macau conglomerate, issued its US$400 million seven year maturity bond in the hope that the issuance would re-open the market for unrated paper after the lunar new year break.
Investors
Japex Set to Take 10% Stake in Petronas' LNG project in Canada.
Japan Petroleum Exploration will be taking 10% stake in the liquefied natural gas project being planned by Malaysia's oil firm Petronas in British Columbia, Canada.
Investcorp to Sell Industrial Supplies Interest
IPH interest sold by Bahrain's Investcorp. Investcorp, the Bahraini alternative investment fund manager has completed the divestment of its industrial supplies distribution firm whose main focus is Europe.
Bancolombia to Propose Share Sale
A proposal for the sale of preferred shares of stock would be tabled for the shareholder meeting of Bancolombia.
Australia's Southern Cross Reaches 22-Month High On Potential Merger
Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.
Latest News
The buyout firm has recruited two specialists in addition to its Japan team ahead of closing its new pan-Asia fund worth $6 billion
Owners of Vuclip and Jigsee swap shares. In a rather complicated deal, XinLab Inc. who operates Vuclip has acquired startup Jigsee through an all stock deal.
UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
Hochtief gets many offers for its services division. Hochtief, the German construction group would be selling its services division. It is expecting the sale to net Eur170 million according to a report by a German magazine.
The new chief executive of Arabtec said that there are no attempts made by Aabar to increase shares in the investment fund.
A1 putting together consortium with two of the major stockholders of CEDC. A1, the venture capital unit of the Alfa Group has formally notified the committee of holders of CEDC notes that it is putting together a plan to restructure Central European Distribution Corp.
Royalty Pharma offers US$11 per Elan share. While Elan is in the process of selling its fifty percent share in the successful multiple scelerosis drug Tysabri with its US partner Biogen Idec, here comes American investment firm Royalty Pharma offering US6.
Zain, a telecom firm in Kuwait, is in the process of selling its stake in its Iraqi unit. Kuwaiti telecom operator Zain is set to sell its stake in its business unit in Iraq through initial public offering as part of its $1.
Capital Product Partners LP agrees to lower bareboat charter costs to lease to Overseas Shipholding.
