As part of efforts to deepen the capital market and make fixed income securities issuing process faster, the Securities and Exchange Commission (SEC) has introduced a new rule that will facilitate price discovery and marketing ahead of the opening of offers. SEC had in 2009 introduced Book Building process, which […]
Tag: SEC
IFC to Launch $1 Billion Local-Currency Bond to Support Nigeria’s Capital Markets
IFC, a member of the World Bank Group, is working with the Securities and Exchange Commission in Nigeria to launch the first long-term, local-currency bond program in the country. The program will allow IFC to issue a series of local-currency bonds totaling up to $1 billion, to deepen domestic capital […]
SEC wins as ex-Goldman executive Tourre found liable for fraud
A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, in a big victory for the U.S. Securities and Exchange Commission. Tourre was found liable on six of seven counts by a […]
