GPE signs £450 million ESG-linked revolving credit facility

LONDON: Great Portland Estates (GPE) signed a £450 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over LIBOR with a group of five…

NNR February 6, 2020

Australian Exchange

RusHydro signs loan agreement with VTB Bank

MOSCOW: RusHydro has announced signing of loan agreement with VTB Bank regarding revolving loan facility for 15 years with limit of up to RUB 30 billion. The maximum interest rate…

NNR February 4, 2020

Australian Exchange

Mashreq posts net profit AED 2.1 billion for 2019

DUBAI, UAE: Mashreq Bank, one of the leading financial institutions in the UAE, has reported AED 2.1 billion net profit for the year ending December 31, 2019. Mashreq's CEO, Ahmed…

NNR February 4, 2020

Australian Exchange

Oman Insurance posts net profit of AED 190.5 million for 2019

DUBAI: Oman Insurance Company has reported a turnaround net profit of AED 190.5 million for the year ended December 31, 2019, making it one the best in last 5 years.…

NNR February 4, 2020

Australian Exchange

Drake & Scull International announces completion of key projects in Kuwait

DUBAI, UAE: Drake & Scull International (DSI), a regional market leader of integrated design, engineering and construction projects, has announced that its Kuwaiti subsidiary, Drake & Scull for Electrical Contracting…

NNR February 4, 2020

Australian Exchange

ANZ completes sale of OnePath P&I to IOOF Holdings

SYDNEY: Australia and New Zealand Banking Group (ANZ) announced it had successfully completed the sale of its OnePath Pensions & Investments (OnePath P&I) business to IOOF Holdings Limited (IOOF). The…

NNR February 3, 2020

Australian Exchange

AM Best affirms credit ratings of Swiss Re’s subsidiary Elips Life Insurance Company

OLDWICK: Global rating agency, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” of Elips Life Insurance…

NNR February 1, 2020

Australian Exchange

AM Best upgrades credit ratings of iptiQ Life S.A

LONDON: Insurance sector rating agency AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa”…

NNR February 1, 2020

Australian Exchange Ratings

Etalon GDRs admitted to trading on Moscow Exchange

MOSCOW: Etalon Group Plc, Russia's largest development and construction company, announced that Moscow Exchange has approved the listing of the Company's Global Depositary Receipts (GDRs), and the inclusion of these…

NNR January 31, 2020

Australian Exchange

Brexit bells ring for UK and EU insurers: AM Best

LONDON: Global credit rating agency, news publisher and data analytics provider, AM Best has said that from an operational point of view, the United Kingdom’s departure from the European Union…

NNR January 30, 2020

Australian Exchange Oslo Bourse

Klarna launches in Australia with CBA

SYDNEY: Commonwealth Bank customers will be able to benefit immediately from using one of the world’s largest and most innovative buy now pay later online shopping services following Thursday’s official…

NNR January 30, 2020

Australian Exchange

PSC Insurance to acquire Australian Unity for $1.56mn

MELBOURNE: PSC Insurance Group (PSI) has entered into an agreement to acquire the general insurance broking business of Australian Unity (AU). Australian Unity have general insurance broking operations predominantly in…

NNR January 30, 2020