SINGAPORE: Frasers Property AHL Limited has established an AUD 2 billion Multicurrency Debt Issuance Programme, which is unconditionally and irrevocably guaranteed by Frasers Property Limited. In connection with the Programme, the Issuer has appointed Oversea-Chinese Banking Corporation Limited and Australia…
SINGAPORE: Singapore Exchange (SGX) and the Intellectual Property Office of Singapore (IPOS) have partnered to launch the Intangible Disclosure Evaluation and Audit Scheme (IDEAS) programme exclusively for SGX-listed companies and companies preparing for a listing. The programme aims to raise…
LONDON: Insurance sector rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” with stable outlook to Kuwait Insurance Company. The ratings reflect KIC’s balance sheet strength, which AM…
DUBAI: The Commercial Bank of Dubai (CBD) has reported 20.5% increase in net profit to AED 1.4 billion for the 2019 full year. The result was delivered on the back of broad based business improvements aligned with the bank’s strategy….
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 existing relationship banks. The facility has an initial five-year term…
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 on the loan is equal to key rate set by…
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 Abdelaal, said: “Mashreq Bank continued to register strong performance and…
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. This was achieved due to the forward-looking strategies defined in…
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 (DSI Kuwait), has successfully completed major engineering and construction projects…
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 final sale price of $850 million included $25 million that…
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 Company headquartered in Schaumburg, IL, USA. The outlook of these…
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” from “a+” of Luxembourg based iptiQ Life S.A., the ultimate…