IPO market sees strong opening quarter Global equity market issuance jumped up sharply in the first quarter, but debt issuance slipped a bit, according to quarterly data from Thomson Reuters. The firm reported that equity market activity totalled US$167.5 billion for first quarter, a 138% increase over the same period in 2009 when new issuance totaled US$70.4 billion. The market

Published: 05-04-2010 14:39 More...

Raiffeisen May Sell Off Russian Operations One of the biggest foreign banks in Russia may be sold off by its main owner — Raiffeisen International owner Christian Conrad said the group is prepared to relinquish control over its Russian and Ukrainian banks. "In certain parts of our business, for example, in big countries and big markets, perhaps in

Published: 31-03-2010 17:39 More...

Signs of life emerge for Russian IPO market UBS has landed a role on a rare initial public offering in Russia – an encouraging sign for ECM bankers that equity markets in the country are thawing as corporates look to shore up debt-laden balance sheets.

Published: 31-03-2010 17:23 More...

Rail Freight Privatization Dawdles as Reformers Tussle Russia’s rail freight transport system, the third-largest in the world, is waiting for a privatization shift. A lull in reform has set in across Russia’s railroads as a whole, but it has been particularly conspicuous in the already partially liberalized freight sector that still makes up more than 70 percent of total

Published: 31-03-2010 11:03 More...

Russian Drug Company Protek Plans $400 Million IPO On MICEX, RTS MOSCOW -(Dow Jones)- Russian drug group OAO Protek Tuesday said it plans to hold an initial public offering for $400 million toward the end of May, with around half of that sum going to existing shareholders. Protek has received permission from Russian regulators to list 117.5 million shares, representing a fifth of its

Published: 30-03-2010 11:10 More...

Russia May Hire BofA, JPMorgan, UBS for Asset Sales Russia’s Economy Ministry is in talks with “all major banks” to advise on state asset sales this year and may submit its recommendation to the government next month. JPMorgan Chase & Co., Bank of America Merrill Lynch and UBS AG are among banks vying for advisers’ roles, Alexei Uvarov, head of the ministry’s

Published: 29-03-2010 12:16 More...

Russia Railways arm valued at $5 bln pre-IPO MOSCOW, March 24 - Russian Railways is preparing to float its freight operator Freight One later this year and has valued the subsidiary at around $5 billion, the head of the division said on Wednesday. The state-owned rail operator is planning to offload a number of assets to boost its coffers, and

Published: 29-03-2010 12:09 More...

Press says Vedanta Aluminum IPO may be in the offering London tycoon Anil Agarwal's Vedanta Resources may be spinning off its aluminum division, the first of several spin-offs under consideration. Indian miner Vedanta is spinning off its $20 billion aluminum division, the first of several anticipated Vedanta spin-offs. India's Economic Times reported Monday Vedanta has hired Morgan Stanley, Credit Suisse and JP

Published: 16-03-2010 13:29 More...

Russia’s Troika May Work With China’s ICBC on IPOs, Financing Troika Dialog, Russia’s oldest investment bank, may enlist the help of Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value, in managing initial public offerings and financing in China. “We’re discussing ways of cooperating,” Ruben Vardanian, chairman and chief executive of Troika Dialog, said in an

Published: 16-03-2010 11:12 More...

RUSAL eyes major Chinese aluminum deals The world's largest aluminum producer, plans to secure between five and eight major Chinese buyers on long-term contracts to carve a larger share of the world's biggest market for the metal. UC RUSAL, fresh from Russia's biggest-ever private sector debt restructuring, also plans to restart 100,000  tons of idle capacity by the

Published: 09-03-2010 16:47 More...

Russian Rusagro plans $300 mln IPO in London MOSCOW, Mar 5 - Rusagro Group, one of Russia's largest agroindustrial holdings, plans to raise $250-300 million  from listing on the London Stock Exchange in May, Kommersant business daily reported on Friday. Rusagro, involved in sugar processing and agricultural production, was valued at roughly $1 billion by the underwriting banks the paper said,

Published: 05-03-2010 12:19 More...

Russian milk producer mulls IPO in 2011 MOSCOW, March 3 - Russia's largest milk producer, Krasny Vostok Agro, plans to conduct an initial public  offering next year, its co-owner said on Wednesday, joining a long list of Russian firms planning or reviving  IPOs delayed by the crisis. "An IPO is part of our plans for 2011," Airat Khairullin, a Russian

Published: 05-03-2010 12:14 More...

Russian IPO rush means investors can be choosy   Russian initial public offerings are set for a comeback. Some $20 billion of Russian share sales are forecast this year, including dozens of IPOs. With plenty of options, investors should be able to drive a hard bargain. Following a two-year lull in activity, bankers are excited at the prospect of a return

Published: 03-02-2010 10:30 More...

KKR Financial Holdings LLC Announces Launch of $125 Million Offering of Convertible Senior Notes SAN FRANCISCO, Jan. 11 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) (the "Company") today announced that it intends to offer, subject to market and other considerations, $125 million aggregate principal amount of Convertible Senior Notes due 2017 (the "Notes") in an underwritten registered public offering. In connection with this

Published: 12-01-2010 15:51 More...

UC Rusal offers assurances about company's debt UC Rusal executives offer assurances about company's debt ahead of Hong Kong listing HONG KONG (AP) -- UC Rusal executives offered new assurances Monday about the Russian aluminum giant's ability to pay off massive debts, saying its finances were "very stable." Rusal is seeking to raise nearly 2.6 billion through an initial

Published: 11-01-2010 16:17 More...