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Actived: Saturday Nov 28, 2020
Amazon's US$3,000 signing bonuses irk workers who got US
[SEATTLE] Amazon.com is doling out hiring bonuses as high as US$3,000 to make sure it has enough people to squeak through the busy holiday shopping season. That's stoking resentment among existing workers who recently got coupons for Thanksgiving turkeys as a thank you for their hard work.
China's Evergrande sells US$3b in bonds; coupons top 10%
Investors shied away from junk-rated debt last year as a steep sell-off in markets made deals hard to complete and forced some companies to offer to pay double-digit yields for two-year paper. Evergrande itself repriced the market in late October when it sold US$1.8 billion of bonds with coupons as high as 13.75 per cent.
SPH to issue S$500m 3.2% senior unsecured notes due 2030
This premium is equal to the present value of the remaining coupons, discounted by the Singapore-dollar swap offer rate plus 50 basis points, according to the term sheet. Deal statistics seen by The Business Times (BT) show that the order book exceeded S$750 million from 35 accounts.
Hotel Properties prices S$170m five-year notes at 3.8%
The notes will be issued at an issue price of 100 per cent their principal amount and pay coupons on a semi-annual basis, payable in arrear on June 2 and Dec 2 of each year. They also fall under the mainboard-listed hotelier's S$1 billion multicurrency debt issuance programme.
Facebook to pay US$52m settlement for trauma to content
[SAN FRANCISCO] Facebook has agreed to a US$52 million court settlement to compensate content moderators who suffered mental trauma from the graphic and violent images they were required to review, plaintiff lawyers said Tuesday. Read more at The Business Times.
Using fixed income to build a balanced portfolio
Bonds carry predictable income streams in the form of coupons, so long as the issuer remains solvent. While the yield will fluctuate with the price, coupons on fixed rate bonds typically do not change. Coronavirus wipes up to 70m euros off Deutsche Post's Feb earnings [BERLIN] The coronavirus outbreak has wiped up to 70 million euros (S$107