2013.11
Aldar sets price talk for 5-year sukuk
Abu Dhabi’s Aldar Properties has set initial price talk for its planned five-year sukuk issue, expressed in basis points, at mid-swaps plus the “very low 300s,” a lead manager said on Monday.
Dubai International ‘mulls sale of Mauser’
The private equity arm of Dubai Holding, owned by the emirate’s ruler, is weighing the sale of German packaging group Mauser, three sources aware of the matter said, in a deal seen fetching between one billion euros ($1.4 billion) and 1.5 billion.
Morocco ‘to issue euro bond’
The Kingdom of Morocco, rated Ba1/BBB-/BBB-, has hired BNP Paribas, Commerzbank and Natixis to lead the issuance of a euro bond, according to a source away from the deal.
‘Ensure crisis management, IP systems are in place’
It is vital for companies doing business in China to ensure they have robust crisis management procedures and a thorough intellectual property protection system in place, said speakers at a seminar on Nov. 20.
IOC ‘makes its 1st purchase of Canadian oil’
Indian Oil Corp has made its first purchase of Canadian oil, taking a cargo of light oil for January lifting via a tender, trade sources said on Thursday.
CapitaMalls Asia to buy Guangzhou mall for $361 mln
CapitaMalls Asia Ltd said it has agreed to buy a shopping mall in Guangzhou for 2.2 billion yuan ($361 million) in the Singapore property developer’s first foray into one of the largest and most prosperous cities in China.
Loeb reveals $1 bln-plus stake in SoftBank
Hedge fund manager Daniel Loeb on Thursday disclosed a $1 billion-plus stake in Japan’s SoftBank Corp at an investment conference, while another top money manager warned in an interview of the “bubble-like” conditions of some stocks.
Orrick, Pillsbury call off big U.S. law firm merger
One of the biggest proposed U.S. law firm mergers of the year has been called off, the leaders of the two firms told Reuters on Monday.
Qualcomm faces antitrust probe in China
Chinese regulators have launched an anti-trust investigation into Qualcomm, the U.S. mobile chipmaker said on Monday, and some experts suggested China’s government may be seeking leverage in royalty negotiations.
Swatch takes majority stake in Rivoli
Global watchmaker Swatch has taken control of Dubai’s Rivoli retail chain, the latest luxury group to take a closer interest in its emerging markets outlets in order to use local knowledge to manage its image and better profit from rapid regional growt…