The Development Bank of Kazakhstan (DBK) took a novel step when it went to the international bond markets for tenge debt at the beginning of December, in a trade that is expected to kick start a wave of similar transactions in 2018.
Emaar Development priced the largest initial public offering the Dubai exchange has hosted for three years, but some are warning that the global equity markets are being driven by investors’ fear of missing out rather than faith in strong fundamentals.
Off-grid power and captive energy projects are taking up some of the slack as big infrastructure deals stall, says Standard Bank.
Venture capital and private equity firm BlackFin Capital Partners has completed a more than €100mn first closing for a European business technology fund, with the fund’s founding partner telling EMEA Finance that the aim is to become a leading investor on the continent.
Russia’s PIK Group has plans to ramp up capital markets activity in the coming years, as the firm announces a consolidation of its shareholder structure with company president Sergei Gordeev buying out two minority holders.