AGP Executive Report
Last update: 9 hours agoProject Finance: Citibank and JPMorgan, with IDB Invest and others, backed a US$902.3m senior secured limited-recourse deal for the Manzanillo LNG-to-power project in the Dominican Republic, covering 840 MW of combined-cycle capacity plus jetty/FSRU and grid injection. Banking M&A: Monte dei Paschi di Siena launched bids to fend off Intesa Sanpaolo’s hostile €36bn move, offering nearly €8.7bn for Banca Generali and also targeting Banco BPM. Corporate Funding: Hindustan Power secured ₹11.35bn (~$113.5m) debt financing via IREDA for a 435 MW solar-plus-storage project in Uttar Pradesh. Capital Markets: NCL Research & Financial Services approved a ₹49.95 crore rights issue at par (7-for-15), with the record date set for Aug 24 and the issue running Aug 31–Sep 16. Credit Access (Africa): Kenya’s credit union initiative mobilised $2.5m for 93 SMEs, using cash-flow based assessment to keep non-performing loans under 1%. Regulatory/Disclosure: Abu Dhabi’s ADX hit 99% compliance for H1 2026 audited financial statement disclosures. Governance & Risk: Police Scotland faces legal action over its refusal to reopen scrutiny of SNP referendum finances, amid claims of institutional corruption. Market/Policy Watch: Nepal’s finance minister said there’s no plan for demonetization and signalled openness to legal cannabis production and medicinal use.
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