Apple sells debt to help fund $300bn capital return
Businessam Staff
November 6, 2017
Apple Inc. is selling bonds as the iPhone maker looks to fund stock buybacks and dividends. The company is selling fixed-rate bonds in as many as six parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, may yield around 1.125 percentage points more than Treasuries, […]
India bond yields rise to 6-month high as oil boosts CPI concern
Businessam StaffNovember 6, 2017
India’s benchmark sovereign bond yields climbed to a six-month high, as rising Brent crude prices added to concern that inflation will accelerate, dampening bets of more interest-rate cuts. Oil has climbed for four straight weeks, raising worries for bond investors in India, which relies on imports for most of its energy needs. Ten-year notes fell […]
Nigeria’s FG sells N100bn sovereign sukuk at 16.7%
Businessam StaffSeptember 15, 2017
The Federal Government of Nigeria has begun the sale of its N100 billion debut sovereign Sukuk, the Debt Management Office (DMO), said Thursday. The offer circular, which was obtained from its website, said the seven-year Islamic Sukuk, referred to as Ijarah is at a rental rate of 16.74 percent and would be due in 2024. […]