Regions
PhosAgro to offer more shares in Russian bourse
PhosAgro has offered a share offering to the public worth about US$500 million. PhosAgro, the largest fertilizer company of Russia had raised about US$500 million in a share offer made last Wednesday.
HSBC Plc's Life Insurance Unit For Sale
Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
Telefonica Colombia to Offer IPO
After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
EFSF Gets Windfall on Asian Demand for Bonds
The European Financial Stability Facility was met with strong Asian demand for five year securities at interest of 0.875%.