Apple Raises $6.5bn Via Four Part Offering

Apple Raises $6.5bn Via Four Part Offering

Apple raised $6.5bn via a four-part offering: The SEC registered bonds are rated Aa1/AA+. Proceeds will be used for general corporate purposes, including share repurchases and payment of dividends to return capital to shareholders, funding for working capital, capital...

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Amazon Misses Estimates as Online Sales Slows

Amazon Misses Estimates as Online Sales Slows

Amazon announced weaker Q2 sales than estimates at $113.1bn vs. forecasts of $115.2bn. Nevertheless, this was its third consecutive quarter of over $100bn in sales. Revenues grew 27% YoY and profits were at $7.8bn in the quarter, up 48% YoY. Amazon’s core online store...

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HDFC Bank Hires Bankers for Dollar AT1

HDFC Bank Hires Bankers for Dollar AT1

HDFC Bank has hired investment banks Barclays, Bank of America, Citi, HSBC, JP Morgan, Standard Chartered, MUFG, SocGen and BNP Paribas to raise between $500mn to $1bn via its first ever AT1 as per sources. The issue is expected to be launched as early as next week....

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SIA Q1 Net Losses Narrow

SIA Q1 Net Losses Narrow

Singapore Airlines reported a progressive increase in the passenger traffic and robust cargo performance which helped it earn a revenue of S$1.3bn ($960mn) in its first quarter ended June, 52% higher than S$861mn ($636mn) in 1Q2020. The increase in revenues was...

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