Indiabulls Housing Finance accepts bids for dollar bonds, say bankers | Company News Isna, August 28, 2024 The non-banking finance company will pay a coupon of 9.70 per cent to investors, lower than the initial guidance of 9.95 per cent, the bankers said Indiabulls Housing Finance has accepted bids worth $350 million for dollar-denominated social bonds maturing in three years and three months, two merchant bankers said on Wednesday. The non-banking finance company will pay a coupon of 9.70 per cent to investors, lower than the initial guidance of 9.95 per cent, the bankers said. Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint bookrunners for the issue. The bonds will … Continue Reading
What are the odds of the Fed hiking rates rather than cuts? Isna, August 26, 2024 US Treasury Yields (^TNX,^TYX,^FVX) are moving higher as the debate over when the Federal Reserve will cut interest rates continues to heat up amid current market conditions. The US economy shows strength as consumers continue to spend despite inflation, according to March’s retail sales data, which could encourage Fed officials to hold off on rate cuts. Richard Bernstein Advisors Director of Fixed Income Michael Contopoulos joins Yahoo Finance to break down the recent movements in the bond market and the potential for the Federal Reserve to push rate cuts further down the line in 2024, much to the dismay of … Continue Reading
Car finance firms face ‘headache’ over wave of complaints Isna, August 12, 2024 Many have described the scandal as the “next PPI”, which saw banks paying out billions of pounds in compensation to customers who were mis-sold personal protection insurance. Consumer expert Martin Lewis revealed earlier this month that over one million car finance complaints had been submitted since he launched the car finance reclaim tool on the MoneySavingExpert.com website – around 30,000 per day. He said: “In value terms, car finance mis-selling is potentially going to be the second biggest reclaim payout in UK history – possibly over £10bn repaid – which could even provide a fillip to the economy as PPI … Continue Reading