Lending by western banks to emerging markets-based companies fell by $67bn last year as the banking crisis in Europe reduced appetite for riskier credits.
2 min read · 08 April 2013
The ratings agency is warning Allianz Capital Partners, the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority that forward-looking tariff cuts might lead to a downgrade of part of the consortium’s outstanding debt commitments.
3 min read · 21 February 2013
DB eVentures has invested $5m in the maker of reader free internet cards.
1 min read · 11 January 2013
It is expected that the final closing will be capped at 10 per cent above the E4bn first closing.
2 min read · 11 January 2013
There was no rest for several firms during the holidays that spent the allegedly ‘slow’ final week of the year closing landmark acquisitions and exits.
4 min read · 15 February 2013
Koc Holdings, UEM Group and Gozde offered $5.72bn yesterday for a 25-year concession to operate and maintain close to 2,000km of road across Turkey, including Istanbul’s two suspension bridges. The deal is the country’s second-largest privatisation.
2 min read · 15 January 2013
Three-and-a-half-years later, financial advisor Unicredit steered a club of 10 institutions to provide $960m of debt for an undersea tunnel and road linking Istanbul’s European and Asian sides. The icing on the cake: an 18-year door-to-door tenor, Turkey’s longest project financing.
2 min read · 15 January 2013
Turkish airports operator TAV has secured €250m in debt from the EBRD, Unicredit, Siemens Bank, Denizbank and the Black Sea Trade and Development Bank. Expect the long-running $1.2bn Eurasia Tunnel Project to also reach financial close this week.
2 min read · 15 January 2013
The C$55bn pension’s direct investing arm has hired director Isabelle Pagnotta from Arcapita. OMERS PE has completed three investments in Europe since opening its London office in 2009.
2 min read · 14 January 2013
The Islamic investment firm has acquired Dubai International Capital’s shareholding in the MENA Infrastructure Fund. The latter also counts HSBC Bank Middle East and Waha Capital as investors.
2 min read · 15 January 2013
