Unicredit has announced the implementation of a buy-back scheme for outstanding bonds. Italy's largest bank in terms of assets had announced it would be buying back senior bonds.
Merchant banks
Finland Banks on Venture Capital Financing for Growth
The government is seeking venture capital financing for growth without affecting its bottom line. Finland is maximizing venture capital financing as a means to spark the economy out of the doldrums without affecting its current AAA ratings.
UBS was backer for CP Group Purchase of stake in Ping An
Unbeknownst to many, UBS was the financial backer of CP Group in its purchase of a stake in Ping An Insurance of China.
Sterling Bancorp Bought by Provident New York Bancorp
Sterling Bancorp was purchased by Provident New York Bancorp for US$344 million. Provident New York Bancorp has announced its purchase of Sterling Bancorp through a stock deal amounting to US$344 million.
JinkoSolar Gets Loan from China Development Bank
JinkoSolar obtains a RMB360 million loan facility from China Development Bank. The leading private venture solar power products manufacturer, JinkoSolar Holding Co Ltd announced the signing of a RMB360 million or US$58 million loan agreement with China Development Bank.
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Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
DAMAC Properties would be listing publicly in the Dubai bourse amidst high interest for IPOs in the region.
Telefonica Deutschland would be selling off Euro denominated bonds. The German subsidiary of Spain's largest phone company, Telefonica Deutschland Holding AG is now preparing to offer for sale of Euro denominated bonds as early as this month.
ICBC would be the first Chinese bank to invest in a Taiwanese Bank, SinoPac. SinoPac Financial Holdings Co. Ltd of Taiwan would be selling off a 20% share of its banking unit.
The transfer of funds exempted Laiki Bank UK from Cyprus Bailout. The United Kingdom branch of the Laiki Bank has evaded the so-called 'haircut' of depositors in the beleaguered Cypriot bank.
A US$50 million sukuk bond issue would be undertaken by the Sharjah Islamic Bank. The lending institution partly owned by the UAE emirate of Sharjah, the Sharjah Islamic Bank is now in the process of preparing for a dollar denominated Islamic bond or sukuk.
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
According to the Apple Daily, the Liu family owned Chong Hing Bank would be up for sale. The Hong Kong lending institution Chong Hing Bank Ltd share values reached a two year high after a reported signal from shareholders that the Liu family was ready to sell their interest.
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
