MTN commences IPO process, selects financial advisers, brokers

MTN group has commenced the process of its IPO with the appointment of some banks and brokers to help with the listing, including Renaissance Capital, FirstRand Ltd.’s Rand Merchant Bank, Nigerian firm Chapel Hill Denham, Vetiva Capital to work with global co-ordinators Citigroup Inc. and Standard Bank Group Ltd. According to Bloomberg, the financial institutions […]

World’s largest private equity firm to raise $1bn for new energy fund

Carlyle Group, the world’s largest private equity firm, is raising $1 billion for a new fund to invest in oil and gas outside the United States as a stronger outlook for oil prices rekindles investor appetite, banking sources told Reuters. The new vehicle comes after Carlyle International Energy Partners (CIEP), the group’s overseas energy investment […]

Doha Bank CEO in talks with foreign lenders to raise debt

Doha Bank Group CEO R. Seetharaman

Doha Bank QSC is talking to foreign lenders about the possibility of raising long-term funding either through a private placement or public debt sale, according to Raghavan Seetharaman, the Chief Executive Officer. The bank plans to raise debt after completing a 1.3 billion riyal ($352.9 million) rights offer earlier this year, Seetharaman said in an interview […]