Thursday, 9 September 2021

Reuters Global Investor: National Bank of Kuwait starts selling dollar senior bonds - document

National Bank of Kuwait starts selling dollar senior bonds - document

National Bank of Kuwait , the Gulf country's largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank document showed on Thursday.

Hong Kong watchdog still watching IPO sponsor banks, has several open cases

Hong Kong's markets watchdog expects to penalise more brokers for misconduct over listings in the financial hub, particularly smaller firms, its enforcement director said on Wednesday, despite some large fines levied recently.

India may let foreign investors buy up to 20% in LIC IPO- source

The Indian government is considering allowing foreign institutional investors to buy up to a total of 20% in state-owned Life Insurance Corporation (LIC), a government source said on Wednesday, as it presses ahead with a stake sale.

Abu Dhabi expected to raise $3 billion via bonds

Abu Dhabi locked in $3 billion on Wednesday with its second bond sale of the year for which it received more than $9.75 billion in orders for two tranches, a bank document showed.

Indonesia's Intudo Ventures closes $115 million third fund

Indonesian venture capital firm Intudo Ventures said on Wednesday it had closed its third "Indonesia-only" fund at $115 million, amid a tech sector boom for Southeast Asia's largest economy.

Value investor Ardan Livvey criticises lack of guidance at Deutz

Value investor Ardan Livvey on Tuesday criticised Deutz AG , a German maker of diesel engines in which it said it was a top-five shareholder, for failing to provide adequate guidance on its business outlook.

Chinese activist Ai Weiwei says Credit Suisse closing his foundation's bank account

Chinese dissident and artist Ai Weiwei has said Credit Suisse told him it was closing his foundation's bank account in Switzerland earlier this year citing his "criminal record" in China, despite the activist never being convicted of a crime.

EXCLUSIVE Delimobil, Cian lead Russian firms' charge for New York IPOs this autumn -sources

Russian car-sharing company Delimobil and real estate database Cian are hoping to raise around $350 million each in U.S.-based initial public offerings this autumn, financial market sources said on Tuesday, leading the Russian IPO charge in New York.

U.S. securities regulator scrutinizes funds over ESG labels -sources

The U.S. securities regulator has been asking money managers to explain the standards they use for classifying funds as environmental, social and governance (ESG)-focused for several months, according to two sources familiar with the queries.

Danske Bank uncovers incorrect tax payments, issues affecting up to 6,000 customers

Danske Bank said on Friday it had identified a new issue within its tax services, which could have led up to 6,000 customers to suffer losses from incorrect pay-outs and tax benefits of almost $8 million.

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