Primary dealers
Greece’s PPC: The deal with Enel was announced
A binding agreement with Enel S.p.A. (Enel) for the acquisition of all the holdings held by Enel and its subsidiaries in Romania for a total of approximately 1,260 million euros was entered into by the Public Power Company ("D.E.H."), as OT already noted on Wednesday.
(The price was set based on the total value of the business which amounts to approximately 1,900 million).
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Hungary’s OTP cleared to take over NKBM bank
The Hungarian banking group OTP has received clearance from the Slovenian market regulator to take over NKBM, Slovenia's second largest bank, and create what it says will be the largest bank in the country.
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EIB and HSBC deal to fund Greek SMEs
Greek companies engaged in international activities will benefit from a new 200-million-euro trade finance partnership between the European Investment Bank (EIB) and HSBC Bank Plc, it was announced in Athens on Thursday, in the presence of Deputy Minister of Development and Investment Yiannis Tsakiris.
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Credit Suisse could cut 10 pct of European investment bankers
Credit Suisse could slash more than 10 percent of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment yesterday.
Switzerland's second-biggest bank "already let hundreds of staff go in London and Zurich last month," the British financial daily reported on Jan. 14.
BofA fined $225 mn for ‘botching’ COVID aid payments
Two U.S. agencies fined Bank of America a total of $225 million on charges it wrongfully froze unemployment and other public benefit programs at the height of the COVID-19 pandemic.
The Consumer Financial Protection Bureau imposed a $100 million penalty on Bank of America (BofA) for "botching" the disbursement of state unemployment programs during COVID-19, the agency said.
Investors being presented Slovenia’s debut sustainability bond
Ljubljana – Slovenia is presenting the framework for its first sustainability bond to investors in a global call on Monday, to be followed by one-on-one calls with interested investors on Tuesday, the Finance Ministry has announced. The issue will depend on the market situation.
Turkey fines 10 foreign firms for illegal short selling
Turkey's capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short-selling transactions.
According to a Capital Markets Board (SPK) statement, Credit Suisse Securities Europe Limited was fined $960,500, Barclays Capital Securities Limited $867,600 and Merrill Lynch BofA International was fine $778,300.
Turkey Wealth Fund receives $1.48 bln syndication loan
The Turkey Wealth Fund on March 24 announced it has finalized a syndication loan transaction amounting to €1.25 billion ($1.48 billion) with the participation of 14 banks from countries from Asia, Europe, North America, and the Middle East.
Turkish Central Bank reserves hit 95.7$ bln in January
The Turkish Central Bank's reserves amounted to $95.7 billion at the end of January 2020, the bank announced on Feb. 26.
Slovenia preparing to issue 60-year bond
Ljubljana – Slovenia plans to issue a 60-year bond subject to market conditions and has commissioned BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC to manage the issue, the Finance Ministry announced on Tuesday.
Additional details have not been disclosed, but this would be the longest maturity for a bond Slovenia has ever issued.
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