Global news and insight for corporate financial professionals
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Japanese trading company Marubeni placed a large bet that China's demand for imported corn will continue to grow. Marubeni will buy US grain merchant Gavilon for $5.6 billion, including $2 ...
STRONG IPO FOR MALAYSIA'S FELDA By Gordon Platt Malaysian palm-oil producer Felda Global Ventures priced its $3.1 billion initial public offering near the top of its indicative range on June 13, amid strong demand from investors, who are ...
NO MORE SPECIAL RELATIONSHIPS By Paula Green Global Finance sat down with Jan Stuart, managing director, head of energy commodity research, fixed income, at Credit Suisse in New York, to get his perspective on the global economy and ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Inmet Mining, a global mining company based in Toronto, placed $1.5 billion of senior notes in the US high-yield debt market to fund a copper-mining project in Panama, in which ...
FIRST IPO BY A BRAZILIAN INVESTMENT BANK By Antonio Guerrero BTG Pactual launched the first IPO by a Brazilian investment bank in April, with its $2 billion IPO on the São Paulo Stock Exchange and simultaneous depositary receipts listing ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Indonesia’s central bank said it will wait until new bank-ownership rules are in place to consider Singaporean banking outfit DBS Group’s $7.2 billion takeover bid for Bank Danamon Indonesia. Indonesia ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Houston pipeline company EP Energy sold $2.75 billion of debt in the high-yield private placement market to fund its buyout by a group of private equity firms led by Apollo Global ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt Investor caution and market-specific issues, such as the presidential election in Russia, put a damper on equity capital raised in the form of depositary receipts in the first quarter ...
HSBC ISSUES FIRST RENMINBI BOND OUT OF LONDON By Thomas Clouse HSBC issued the first renminbi-denominated bond out of London in April. The RMB1 billion, ($160 million) three-year bond was launched from the bank’s syndication desk in London. ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Federal Reserve chairman Ben Bernanke said recently that improvements in the US labor market might not be sustained because of weak economic growth and signaled that the Fed was likely to ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt The global equity capital markets got off to a relatively slow start in 2012, with a decline of 26% in activity in the first quarter from the same period ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Switzerland’s Glencore International, the world’s largest commodities trader, agreed to acquire Canada’s biggest grain trader, Viterra, for C$16 a share ($16.05)—which values the company at $6 billion—in a deal that ...
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt Facebook prepares for its initial public offering that it hopes could raise $10 billion. Facebook added 25 new underwriters to its original group of six, as it ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt More than 2,600 mergers and acquisitions worth $149 billion were announced in the global mining industry last year. They represented an increase of 33% from 2010, making 2011 the ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Issuance of high-grade US corporate bonds soared to $99 billion in February. Issuance of high-grade corporate bonds in the US market soared to a monthly record high of $99 billion ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Mining company Xstrata's merger with commodities dealer Glencore may not go ahead unless the terms are improved for shareholders. The $90 billion deal, billed as a "merger of equals," is ...
Companies are trying to determine how best to monetize the untapped value in this hot, new asset class.
CORPORATE FINANCING NEWS: GLOBAL EQUITY / DRS By Gordon Platt The US market for initial public offerings is off to a strong start in 2012, with anticipation building ahead of the expected $5 billion Facebook IPO, which will ...
CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt Easing monetary conditions and economic stabilization have increased demand for higher-risk assets, despite worries about Europe's debt. The Federal Reserve has pledged that the federal funds rate will remain ...
KEEPING IT VANILLA By Vanessa Drucker Corporate users of equity derivatives continue to seek out simple, transparent products. Until regulatory overhaul is complete, this tack is unlikely to change. The ripples from the 2008 financial crisis continue ...