by Amruth Sundarkumar | Sep 23, 2022 | Banks, Global
Credit Suisse is planning to raise fresh capital from investors, approaching them for the fourth time in roughly seven years, as per Reuters sources. Details on how much would be raised were not available yet. The sources noted that several scenarios were under...
by Amruth Sundarkumar | Sep 19, 2022 | Corporates, Credit Ratings, Global
American drilling company Transocean was downgraded to CC from CCC- by S&P upon its distressed debt exchange (DDE). The bonds involved in the exchange were also downgraded to CC. The offer was as follows: An exchange of $73mn of its existing 0.5% bonds due 2023...
by Amruth Sundarkumar | Sep 19, 2022 | Corporates, Global
French utility major EDF’s €9.7bn ($9.85bn) takeover by the French government would be completed by the end of September after a slight delay, as per sources. In July, France planned to file its offer to nationalize EDF but did not launch a formal bid. The...
by Amruth Sundarkumar | Sep 15, 2022 | Banks, Global
UBS plans to raise its dividend from $0.51/share in the previous year to $0.55/share in the current financial year, a 10% YoY increase. It also expects share buybacks in 2022 to exceed its initial $5bn target. As of September 9, the swiss bank reported that it bought...
by Amruth Sundarkumar | Sep 15, 2022 | Corporates, Global
SoftBank is planning to set up a third Vision Fund as per reports. The sources said that details were not yet clear regarding how much capital the CEO, Masayoshi Son would want to inject into a third fund. This news comes just weeks after the company apologized for...
by Amruth Sundarkumar | Sep 13, 2022 | Corporates, Global
British oil & gas company BP has acquired Houston-based EDF Energy Services (EDF ES) . EDF ES is a supplier of power, natural gas, and related services to commercial and industrial customers across the US. The complete terms and size of the deal were not yet...
