SINGAPORE: Y-Ventures Group has entered into subscription agreements for the allotment and issue of an aggregate of 24.66 million new ordinary shares in the capital of the company at S$0.0812 per placement share to investors. The Placement Shares represent approximately 10.74% of the Group’s enlarged issued share capital which includes the Placement Shares. The Placement…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
Ahli Bank successfully completes a new 5 year bond transaction raising $500mn
DOHA: Ahli Bank has completed its third bond issuance for US$ 500 Million under its US$ 1.5 Billion EMTN Programme in the international debt capital markets. The 5 year bond has been assigned an A2 credit rating with a stable outlook by Moody’s and carries a coupon rate of 3.125% and was significantly oversubscribed by…
AM Best revises outlooks to negative for Kansas City Life Insurance Company
NEW YORK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Kansas City Life Insurance Company. Concurrently, AM Best has revised the outlooks to negative from stable and affirmed the FSR of A-…
Credit ratings of operating subsidiaries of MGIC Investment Corporation affirmed
OLDWICK: AM Best has affirmed the financial strength rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of certain operating subsidiaries of MGIC Investment Corporation, which are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, MGIC Assurance Corporation and MGIC Reinsurance Corporation of Wisconsin. The outlook of these Credit Ratings is stable. The…
Qatar Stock Exchange organizes investor relations training course for listed companies
DOHA, QATAR: Qatar Stock Exchange (QSE), in association with Maroon Capital, today started a three-day Investor Relations (IR) training program in Doha with the expert input of the UK IR Society, which delivers their program on global basis having highly qualified and reputable trainers. The training program, which was held at the JW Marriott with…
Surplus lines insurers achieve impressive growth, improve operating profitability
NEW YORK: The surplus lines market nearly doubled its pace of premium growth in 2018, driven by new investments in operating platforms and a healthy U.S. economy, according to a new AM Best report. The Best’s Market Segment Report, “Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability,” notes that this specialty insurance segment grew…
Prosus lists on Euronext
AMSTERDAM: Euronext has congratulated Prosus (PRX), the global consumer internet group and one of the largest technology investors in the world, on its listing in Amsterdam. The listing of Prosus on Euronext Amsterdam further strengthens Euronext’s position as the leading European platform for global tech companies who seek access to the worldwide capital markets. Prosus…
Mitie Group secures IFM contract extension with Lloyds Banking Group
LONDON: Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG). Mitie has been delivering IFM services to LBG since 2012 under a transformational partnership and this agreement extends the partnership through to the end of 2024. The extended contract represents a step…
Ahli Bank announces EMTN roadshow
DOHA: Ahli Bank rated A2 by Moody’s and A by Fitch, has mandated Al Khaliji Commercial Bank, Barclays Bank, Mizuho Securities, QNB Capital and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income investor meetings on its behalf commencing on Friday, 13th September 2019. A 5-year fixed…
SGX named Derivatives Exchange of the Year by Asia Risk
SINGAPORE: Singapore Exchange (SGX) has been named “Derivatives Exchange of the Year” by Asia Risk magazine for the sixth consecutive year, retaining a prestigious award that recognises best practices in risk management. Asia Risk, a leading industry publication, highlighted SGX’s innovation in developing solutions that ensure international investors have continued access to emerging markets across…
ADCB to sell majority of its India banking portfolio to DCB Bank
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…
DFM and its listed companies participate at HSBC’s Global Emerging Markets Investor Forum
DUBAI: The Dubai Financial Market (DFM) has successfully participated in the Global Emerging Markets Investor Forum (GEMS), one of the largest emerging markets investment forums organized by the HSBC in London, a release said. The DFM and its listed companies achieved one of the strongest presence amongst exchanges attending the event that was concluded last…