European Investment Bank News
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Updated 1 hour, 2 minutes ago
Sweden’s government said it’s ready to help the financial industry create a bigger corporate bond market as companies struggle to find alternative funding sources to compensate for a lack of bank credit.
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Croatia plans infrastructure and energy investments of 1.6 billion euros ($2.13 billion) in 2012 to revive its economy and create jobs, Deputy Prime Minister Radimir Cacic said.
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Societe Generale SA said it named Diony Lebot chief executive officer of corporate and investment banking for western Europe, replacing Pascal Auge.
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The European Investment Bank is adding 1 billion euros to its 4 percent bonds due in April 2030, according to two people with knowledge of the sale.
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The European Investment Bank loaned Tanzania 50 million euros ($66 million) to upgrade five regional airports in the East African country, said Ramadhani Khijjah, permanent secretary in the Finance Ministry.
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European Union Development Commissioner Andris Piebalgs said he will seek more funds to promote access to modern energy technologies in poor nations.
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Dominic Lester, joint head of European investment banking at New York-based securities firm Jefferies Group Inc., said the acquisition of Hoare Govett from Royal Bank of Scotland Group Plc will help the firm increase its market share in U.K. equities.
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Skandinaviska Enskilda Banken AB and Daiwa Securities Group Inc. have underwritten the most green bonds since the securities were first issued in 2007, indicating the dominance of Swedish and Japanese banks in the market.
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Tunisian Central Bank Governor Mustapha Kamel Nabli said his country may sell $500 million in dollar-denominated treasury bills to Qatar as it seeks to secure about $5 billion in external financing this year.
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Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, agreed to sell its Hoare Govett corporate broking unit to Jefferies Group Inc. as the U.K. lender shrinks after getting a government bailout.
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