Mixed message from Dubai but Russia still flowing

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings

Mixed message from Dubai but Russia still flowing

August 10, 2011 12:00 AM

Dubai has given loans bankers good and bad news this week. It is solvent and can pay back its debts, but the emirate’s investment vehicle Investment Corporation of Dubai has cancelled its $2.8bn refinancing loan, instead opting to repay the full $4bn that matures on August 20.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

News content

Related articles

  • People and Markets
    Deutsche Bank, Brazil, Frankfurt, Brazilian artist, HQ, LatAm, 575

    DB hires for LatAm DCM amid long term build-out hopes

    Deutsche Bank has hired from ING to replace a recent departure in its Latin American debt capital markets team, and the German bank’s head of LatAm DCM told GlobalCapital that he hoped to build around the new hire.
    Oliver West, August 09, 2021
  • Bank Strategy
    pexels nyc 575x375

    Moelis sees room to grow for ‘nimble’ capital markets team

    Moelis & Co supercharged its capital markets team last year just in time to take advantage of the booming market for special purpose acquisition companies (Spacs). But as the craze subsides, the team continues to expand, with the firm looking to generate repeat business from clients that appreciate its product-agnostic approach.
    Richard Metcalf, August 06, 2021
  • Corporate Bonds
    Banque_de_France_5Aug21_Alamy_575

    ICMA wants to unite bonds, derivatives in common code

    A new level of harmonisation and simplicity in financial markets communication is on the horizon, according to supporters of the Common Domain Model — a coding framework that will allow bonds, repos and derivatives to be described in a single format, potentially making processing more efficient and less manual.
    Jon Hay, August 05, 2021
  • Bank Results
    alamy 2021-08-04 natwest 575x375

    NatWest Markets heads into final stretch of ‘reshaping’

    NatWest Group said on Friday that the “reshaping” of its investment banking arm, NatWest Markets, would be largely complete by the end of the year, after it moved a further 500 staff out of NWM in the second quarter.
    Richard Metcalf, August 04, 2021
  • Bank Results
    alamy 2021-08-03 bounce 575x375

    Banks make ‘rebound’ word of the quarter as capital markets normalise

    It has been an earnings season of rebounds. UBS, the first of the European investment banks to report its results for the second quarter of the year, used the word “rebound” three times in its earnings report, which it published on July 23. Since then, BNP Paribas has pointed to an “established rebound” in its results while HSBC has reported a “rebound” in profits in the US and Europe.
    Richard Metcalf, August 03, 2021
  • Equity
    Berenberg_Adobe_575x375_1July2020

    Berenberg adds ECM syndicate banker, seeks more originators

    Berenberg has hired a fourth senior equity syndicate banker to cover France and southern Europe, amid big plans to expand its investment banking business, with new offices and teams in Brussels and Stockholm.
    Aidan Gregory, August 03, 2021
Gift this article