Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Mezzanine Debt
Kenya's Eurobond issue to upgrade country's infrastructure
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
France government to loan EUR4.5 billion to pay Credit Lyonnais debts by year-end - French official
The government of France had taken plans to pay debts incurred from the collapse of Credit Lyonnais, said a Reuters report.
Deutsche Bank loan issue overshadowed by new agreements
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
OSX Brasil SA's secured debt issue increases in value
Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.
Latest News
A working capital facility was made available by Black Pearl Capital Fund for Ennovar's production.
Heavily indebted UK bread manufacturer Premier Foods announced that it is looking for investors for its Hovis brand.
In one of highest volumes of corporate debt issuances on record, Sanofi and LVMH issue bonds yielding above prevailing rates.
Monroe Capital announced the funding worth USD27.5 million for the use of an affiliate of Sun Capital Partners Inc for the acquisition of Gem Shopping Network.
Avante Mezzanine Partners helped finance TechDevice Holdings' acquisition of AdvancedCath Technologies with debt and equity.
BlackBerry's cash reserves may only last until 2014. Beleaguered smartphone maker BlackBerry had planned to issue convertible notes worth USD1 billion after the collapse of its Fairfax Financial Holdings bid.
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
BlackBerry Interim CEO John Chen stressed his experience to be able to turn around the firm. in light of the pull out of Fairfax Financial Holdings and the removal of their CEO, BlackBerry did damage control in appointing John Chen as its interim CEO and executive chairman.
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
