China Huarong secures US$6.6 billion investment
Huarong intends to issue a maximum of 39.22 billion domestic shares and not more than 1.96 billion shares listed on the Hong Kong exchange to a consortium of investors
According to the Ministry of Finance, the Sovereign Gold Bond Scheme 2021-22 (Series VII) will be opened for subscription during the period October 25-29
U.S. benchmark 10-year Treasury yields were near their highest since May 20
Gold was little changed on Friday as investors awaited the confirmation of a strengthening U.S. labour market that could keep the Federal Reserve on track to start unwinding economic stimulus this year.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.13% lower, S&P/ASX200 index was down nearly 1%, and Japan's Nikkei was off 0.6%
China Evergrande Group slid deeper in stock and credit markets on Tuesday, fuelling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default.
The proceeds from the bond issuance will be used primarily to finance the company’s expansion plans in Batangas and the corresponding working capital requirements
Indian commodity giant Vedanta Resources last week sought permission to add to its borrowings amid a rally in metals and oil, but a volatile reaction in its bonds shows potential investor angst.