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BlueMount News

BlueMount Capital in the news: “Brave new world: Islamic finance in BD“

International IFN Roadshow Bangladesh-2021 was held recently organised by REDMoney Group. The IFN Roadshow-2021 series opens with Bangladesh, a country that has a promising future in Islamic finance, especially as it launched its first corporate Sukuk in 2020. Bangladesh is on a sprint to aggressive development as the public demand for Islamic finance is rising, which has spurred the robust Islamic banking sector in the nation. Continue reading

BlueMount Capital in the news: “Altech Chemicals finalises $195m green bond offering to fund Malaysian high purity alumina plant”

Altech Chemicals (ASX: ATC) has entered the final stages of a $195 million listed green bond offering to provide additional financing for the construction of a planned $400 million high purity alumina (HPA) plant in Malaysia.

The company has been working with UK structuring agent Bedford Row Capital PLC and Perth-based Bluemount Capital since October to prepare for the offering. Continue reading

BlueMount Capital in the news: “Bangladesh: Could corporate Sukuk take off?” IFN 17th March 2021

“Bangladesh turns 50 this month, and in a fitting celebration, March 2021 also saw the country’s first corporate Sukuk announced: a US$250 million issuance from Deshbandhu Group (DGL) expected to mature in 2028. Following on from the government’s first debut sovereign Sukuk back in December 2020, the move is an encouraging one as the economy gathers steam. But with significant barriers remaining to a conducive issuing environment, can Bangladesh maintain its momentum? LAUREN MCAUGHTRY speaks to the lead arranger of the deal to learn more. Continue reading

Capital Market Partners to Lead New USD250m Sukuk, First Bangladesh Corporate Sukuk In International Markets

BlueMount Capital (WA) Pty Ltd (“BlueMount”) and Bedford Row Capital PLC (“BRC”) will act as International Lead Manager and Structuring Agent respectively for a new US$250m Sukuk offering to be listed on the Frankfurt Stock Exchange.

BRC, a global non-bank structuring specialist, has been mandated by Al Waseelah PLC (“Issuer”) whilst BlueMount was appointed by Deshbandhu Group Limited (“DGL”) to lead the first Bangladeshi Corporate Sukuk to help DGL in their next growth phase. The Sukuk will finance the repayment of current outstanding debt and to invest in new technology and scaling up capacity of its group businesses. Continue reading

Fyi Resources Limited (Fyi) Receives First Funds (AU$3.13m) From AU$80m International Fund Arranged By Bluemount Capital (WA)

Key Points

  • International fund takes initial stake in FYI with $3.13m opening investment.
  • BlueMount Capital (WA) arranged $80m facility for FYI.
  • Strategic investment directed at progressing development of FYI High Purity Alumina
    (HPA) project.
  • Placement provides long term major shareholder support.

BlueMount Capital is pleased to announce FYI will receive the first investment from the $80m equity facility it arranged for FYI, with an initial placement of $3.13m. FYI is listed on the Australian Securities Exchange (ASX code: FYI).
The placement of $3.13m is via an issue of 9.3 million shares at a price of 33.67 cents each calculated according to the terms of the capital commitment facility, under FYI’s current ASX Listing Rule 7.1A placement capacity to raise gross proceeds of $3,131,310. Continue reading

BlueMount Capital Opens Los Angeles USA Office – Focus on Listing US Tech Firms on ASX

Sydney, Australia. BlueMount Capital, an ASIC licensed, mid-tier, global investment banking and corporate advisory group headquartered in Australia has today opened an office in Los Angeles and appointed Alex Chen as our representative there.

Alex has over 25 years’ experience in the financial services sector. He has served as CFO for both public and private companies in Australia, Hong Kong, China and the United States and as CEO across a wide spectrum of industries. He specializes in the Pacific Region with a focus in USA IPO’s, where he has significant experience. He is a CPA with a Bachelor of Commerce from Victoria University in Australia and is licensed as a USA investment banker. Alex is bilingual and fluent in English and Mandarin. Continue reading