Author: Lucas

Mumbai: Muthoot Finance tapped the overseas debt market on Thursday, raising around $600 million through a senior secured, amortising 4.5-year US dollar bond, according to people familiar with the matter. The bond was launched with initial price guidance in the 6.125% area. However, it was priced at a much tighter price of about 5.75%. The 144A/Reg S notes are secured against the company’s current assets, including loans and advances and gold loan receivables. The bond has a weighted average life of about four years. Deutsche Bank and Standard Chartered acted as global coordinators and joint bookrunners. This marks the third…

Economist Peter Schiff questioned on Thursday how Strategy Inc. (NASDAQ:MSTR) can sustain the 11% dividend payout on its Perpetual Stretch Preferred Stock (NASDAQ:STRC), citing the company’s ongoing financial challenges.Saylor Says SRTC Providing Yield With Less VolatilityIt all started when Strategy founder Michael Saylor took to X, highlighting how the Bitcoin-backed preferred stock delivered 11% annual dividend, paid monthly in cash.Saylor attached a chart showing STRC’s 6% historical volatility, significantly lower than the Strategy’s Class A shares and the iShares Bitcoin Trust ETF (NASDAQ:IBIT), the world’s largest Bitcoin exchange-traded fund.“STRC delivers the first 11% of BTC ARR with ~85% of the volatility…

If you’re out of contract with BT or EE — which is likely if you signed up two years ago — your monthly bill looks set to go up as much as £4 a month from March 1. This adds up to a sizeable £48 annually, so it’s worth checking your account now before it’s too late. It affects BT and EE broadband, landline, mobile and TV customers who haven’t switched or upgraded since April 10, 2024. Your exact increase will depend on the type of service you have. According to Money Making Expert, founded by money guru Martin Lewis, the…

Silver declined on Friday, settling below $116 per ounce after touching a record high of $121.6 earlier in the week, as traders booked profits following an aggressive rally. On the Multi Commodity Exchange (MCX), silver fell nearly 6 per cent intraday to around ₹3,75,900 per kilogram after printing record highs near ₹4,20,048. The pullback comes after silver surged more than 60 per cent in January alone, pushing momentum indicators into extreme overbought zones. “Silver’s recent decline is largely a technical and positioning-driven correction, rather than a breakdown in fundamentals,” said Justin Khoo, Senior Market Analyst at VT Markets. He noted…

There are five things you should consider, according to the expertThis article contains affiliate links, we will receive a commission on any sales we generate from it. Learn moreDrivers have been given tips on how to get cheaper car insurance policies (Image: Getty Images/iStockphoto)A motoring expert has shared tips on how to bag cheaper car insurance as premiums are set to rise this year. Motorpoint says there’s five things you can do to make sure you are not overpaying when it comes to renewing your policy.Its resident driving expert, Tim Rodie explained: “Car insurance is something all drivers must have.…

The BBC is working on ways to use iPlayer to find households that haven’t paid for a TV licence, Money understands. Read that and all the day’s consumer and personal finance news below, and watch our … Source link

As India prepares to host the BRICS summit later this year, amid rumours of a “BRICS currency” to replace the US dollar, the focus is expected to be on a shared payment system that links national digital currencies. Here’s all you need to know about a BRICS payment system.Not a currency, but a systemPreviously, reports suggested the possible launch of a single BRICS currency that could potentially replace the US dollar. However, the proposals for a common currency ran into obvious problems: different inflation regimes, capital controls, and fears that China’s yuan would dominate any shared system. However, this new…

Call it man or woman versus machine, or just a well-rounded investor relations strategy.As the all-important February earnings season ramps up, several top 100 ASX companies are deploying artificial intelligence and other tools to communicate their message better and beat or offset machine-led trading strategies.Loading… Source link

In a special edition of the savings guide, April Leeson, financial adviser at The Private Office, discusses whether earners should pay into pensions or savings accounts, alongside our usual top rates tables…The balance between how much you deposit into a pension or cash savings depends heavily on what stage of life you are in, how much you can afford and what access you might need and when. It’s advantageous for younger people to prioritise pensions for long-term growth because compound returns over decades mean they can afford to take more equity risk.But savings should still be maintained as an emergency…

Silver prices, which had surged to record highs earlier this week, witnessed a sharp correction today. After touching historic levels, prices fell steeply in both global and domestic markets, making silver cheaper by over Rs 44,000 per kg from its peak. The decline is being driven by volatility in international bullion markets and profit booking after a rapid rally. Source link