Financing Strategies

Social networking site Facebook, which has raised US$360mn in the last seven months, will borrow an additional US$100mn from TriplePoint Capital, a company that specializes in lending... 2008-05-13

Yemen's Tadamon Islamic Bank (TIB) has received a licence to set up international banking operations in Bahrain. The company has created a subsidiary, Tadamon Capital Bank, which... 2008-05-07

On April 29 Citigroup Inc tapped up the market again for the second time in nine days, when it raised US$4.5bn in a sale of common stock, 50% more than the US$3bn it originally planned... 2008-05-02

Warburg Pincus, a New York-based private equity group, announced April 22 that it raised US$15bn for its new global fund. The amount surpassed its plan to raise US$12bn for the fund,... 2008-04-25

Wesfarmers shares were suspended on April 21 to allow the Perth, Australia-based conglomerate launch a rights issue worth AUD2.57bn (US$2.42bn). Wesfarmers, Australia's largest retailer,... 2008-04-25

Kuwait's Global Investment House, an asset management and investment banking company, announced on April 22 that it will sell 355mn shares to investors. The share sale will raise... 2008-04-25

Slovenia's largest international financial group, Nova Ljubljanska Banka (NLB), announced the sale of 898,204 shares on April 17. The sale will be conducted in three tranches and... 2008-04-25

As the US mortgage market shows no sign of revival, Ambac Financial Group, along with other bond insurers, continues to suffer. After struggling to raise capital in March, on April... 2008-04-25

The head of Libya's National Oil Corporation Shokri Ghanem has stated that Tamoil, the state's oil refining and marketing arm, is looking for strategic investors. The comments, made... 2008-04-24

Brazil's petroleum industry will invest US$72bn in oil and gas exploration and production (E&P) projects over the next four years, according to a reported citing the Brazilian... 2008-04-24