Geopolitical tensions, economic data likely to affect yellow metal's prices, expert says
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
Geopolitical tensions, economic data likely to affect yellow metal's prices, expert says
The early age for first period is associated with many factors such as higher socio-economic status, obesity, nutritional status and general health
Hundreds of social workers and volunteers are working round the clock, providing essentials to those affected by the unprecedented rainfall
The floodwaters spared nothing, soaking their furniture, rendering household appliances useless, and destroying the newly-purchased school books
Second-placed Liverpool remain three points behind Arsenal, who have a vastly superior goal difference
The in-form Italian will move to within 330points of World No 1 Djokovic if he wins his fourth trophy of 2024 at the Madrid Open
The King, 88, had undergone gallbladder surgery in 2020
Delhi posted 224-4 courtesy of a 113-run stand between Pant (88) and fellow left-hander Axar Patel, who hit 66