Global oil benchmark Brent crude futures fell 0.91 per cent to $115.17 per barrel
Markets1 week ago
Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, on Thursday sold $500 million in perpetual green hybrid bonds non-callable for 5-1/4 years at 7.95 per cent, a bank document showed.
The yield was tightened from initial guidance of 8.125 per cent to 8.25 per cent for the equity-like debt sale after orders topped $1 billion, the document from one of the banks involved in the deal showed.
Citi, HSBC — the sole green structuring agent — and Standard Chartered are joint global coordinators, joined by Abu Dhabi Commercial Bank, Emirates NBD Capital and First Abu Dhabi Bank as joint lead managers.
The bond sale, expected to price later on Thursday, is to refinance MAF’s outstanding $500 million perpetual bonds. — Reuters
Global oil benchmark Brent crude futures fell 0.91 per cent to $115.17 per barrel
Markets1 week ago
Spot gold was down 0.04 per cent at $1,838.45 per ounce as of 9.15am UAE time
Markets1 week ago
The dollar index fell 0.30 per cent to 104.38
Markets1 week ago
Spot gold was trading at $1,842.76 per ounce at 9.30am UAE time, up 0.22 per cent
Markets1 week ago
Saudi Arabia’s benchmark index slid 4.4 per cent, its biggest intraday fall since November 2021, as stocks fell across the board including oil behemoth Saudi Aramco, which retreated four per cent
Markets1 week ago
The south Asian nation currency is expected to remain under pressure as the greenback is in high demand in the market due to uncertainty over political and economic crises
Markets1 week ago
Investors worry that Fed rate hike could have adverse effects on economic growth
Markets1 week ago
The Dow Jones Industrial Average lost 2.4 per cent and was briefly down more than 900 points
Markets1 week ago