Luminor Bank weans off parent funding

The Baltic’s Luminor Bank has printed an inaugural €350mn public bond, as the financial institution prepares itself for new majority ownership from a Blackstone-led private equity consortium.

Kuwait upgrade to spark equity frenzy

Kuwait has been reclassified as a secondary emerging market by the FTSE Global Equity Index, an upgrade from unclassified that is expected to bring up to US$1bn of foreign investment into the country.