Mezzanine Debt
Islamic Development Bank planning sukuk programme at Dubai
In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.
Savoy in jeopardy if business does not improve
Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.
Monte Paschi will implement shareholder option to raise capital - CEO
Chief executive Fabrizio Viola of Banca Monte dei Paschi di Siena SpA had told reporters on Thursday that the bank would be increasing its capital via shareholder options.
Kopernik Global Investors receives debt and investment from Jeffrey Vinik
Former Vinik Asset Management colleague opens Kopernik Global Investors through seed capital from former boss Jeffrey Vinik.
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Masdar Energy UK was granted a GBP 266 million loan from various lenders to fund its share of the cost of developing the largest wind farm in the world.
After a Moody's advisory, Winsway was able to leverage a buyback of its bonds at a third of its original value.
Aldar Properties, after being bailed out by the Abu Dhabi government, had discussed obtaining a bridge loan to pay off debts.
Monomoy Capital Partners would acquire Escort Inc through the credit assistance of Monroe Capital. A funding worth USD78. 5 million senior secured credit facility was put in place by Monroe Capital to support the acquisition of Escort Inc.
Sources told Bloomberg that Power Asset Holdings had approached banks for a USD 4.8 billion loan. Power Asset Holdings Ltd had been seeking a USD 4. 8 billion or HKD 37.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
Saudi Arabia Central Bank Governor Fahad al-Mubarak remained confident that Washington would be able to resolve its political deadlock.
Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.
The Irish NAFA had prepared the way to sell off shares. The National Asset Management Agency of Ireland is in the process of preparing the sale of EUR300 million or USD408 million worth of Irish real estate loans.