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Ayala Land, controlled by billionaire Jaime Zobel de Ayala’s family, sells $492M assets to its own investment trust

Ayala Land, controlled by property and banking tycoon Jaime Zobel de Ayala and his family, plans to sell up to 30 billion pesos ($492 million) of assets to its real estate investment trust to fund operations.

Ayala Land, controlled by billionaire Jaime Zobel de Ayala’s family, sells $492M assets to its own investment trust

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NICON, Nigeria Re fighting a lost battle against NAICOM, source says

NICON Insurance Limited and Nigeria Reinsurance Corporation are fighting a “lost battle” in their dispute with the National Insurance Commission (NAICOM) over the recently concluded insurance sector…

  • NICON Insurance and Nigeria Reinsurance Corp. contest NAICOM's recapitalization process.
  • Ibrahim opposed increased minimum capital requirement for reinsurance companies.
  • NAICOM revoked operating licenses of the two companies.

Fibra Uno Raises US$441 Million in Oversubscribed Green Bonds

Mexico · Business Key Facts Green issuance Fibra Uno (FUNO) placed MXN 7,500 million (about US$441 million) in green bonds on the Mexican Stock Exchange (BMV).

  • Fibra Uno raises US$441 million in oversubscribed green bonds
  • Investors pay premium for green debt in Mexico despite high rates
  • Funds used for refinancing and certified green projects

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