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 Finalises Complex Deal to assist Drillman’s Acquisition of Global Exploration Company
Drilling Equipment Manufacturers Australia Pty Ltd (Drillman), a subsidiary of the M Group of Companies, corporate advisor BlueMount Capital (QLD) Pty Ltd (BlueMount Capital), securing capital to complete the Sandvik Exploration acquisition. Continue reading
Welcome to the IPO newsletter where we keep you up to date with interesting news about US companies and their ability to list internationally. Continue reading
BlueMount Capital is pleased to advise that we have been appointed as Ozland Group Solution’s Corporate Advisor, assisting with executing their exciting growth and acquisition strategies. Continue reading
“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
1. Are US companies welcome to list on the ASX?
ASX welcomes foreign companies including US companies to list. There are around 45 plus US companies listed on the ASX to date, with a pipeline of more companies especially in the technology space to come here every year.
2. What are the main requirements for listing on the ASX?
There are many measures of success for initial public offerings (IPOs). First and foremost is completing the deal and raising the intended proceeds. From the perspective of remaining and new shareholders, however, the subsequent short-term trading performance is more often seen as the measure of a good IPO as opposed to a bad one.
For the board and management of the newly listed entity, their measure of success and their reputation will depend on how well the newly listed entity performs in the medium term and delivers on the investment proposition on which new shareholders based their investment decision. 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)
- 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
- 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
- Listed green bond targeting an offer of ~US$144m
- Preparation progressing well and on track
- HPA project 49% less carbon footprint than conventional HPA
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to advise that preparations for its proposed listed green bond offering of ~US$144 million, to provide additional financing for its Malaysian high purity alumina (HPA) project are on track and progressing well. Continue reading