Debt
S-Reits with higher floating rate debt, earlier refinancing to benefit sooner from rate cuts
Interest rates are expected to come down this week, when the US Federal Reserve’s monetary policymaking body meetsSINGAPORE-LISTED real estate investment trusts, or S-Reits, that have a lower proportion...
Titanic builder Harland & Wolff to appoint administrators as debt woes deepen
It will cut jobs in its non-core and certain central support areas, without specifying the number of roles affectedHarland & Wolff said on Monday (Sep 16) it plans to...
Hewlett Packard sounds out investors for US$9.5 billion debt deal
HEWLETT Packard Enterprise (HPE) is sounding out investors on Wednesday (Sep 11) for a potential US$9.5 billion debt package to help fund its acquisition of Juniper Networks.The multinational information...
China dives back into euro debt market amid likely ECB rate cut
CHINA is returning to the international debt market after a three-year hiatus, planning to sell euro-denominated bonds amid a likely interest rate cut by the European Central Bank (ECB).The...
Subway eyes US$2.3 billion asset-backed debt sale
SUBWAY is tapping the asset backed securities market for the second time this year as the sandwich restaurant chain looks to borrow US$2.3 billion. The company, which has the...
Vedanta to pay US$932 million in dividend to help parent cut debt
Indian tycoon Anil Agarwal’s Vedanta approved a third tranche of dividend payout, its latest effort to improve the financial position of its indebted London-based mining parent.The Mumbai-based miner will...
Rothschild to boost India ECM, debt businesses as deals heat up
ROTHSCHILD plans to beef up its equity capital markets (ECM) advisory business in India and also provide debt advisory services amid the country’s dealmaking boom. The expansion plans at...
BHP annual profit rises 2%, says open to higher debt for acquisitions
BHP Group reported a better-than-expected annual underlying profit on Tuesday due to growth at its iron ore and copper businesses and said it was comfortable with raising its debt...
Property groups should sell low-yielding investment properties, go slow in raising debt
ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian...
