Nasdaq Stockholm decides to officially list 1 bond loan issued by
Länsförsäkringar Bank AB with effect from 2021-02-26. Last day of trading is
set to 2026-02-16. The instrument will be listed on STO Corporate
Tito’s balancing act leaves Cosatu livid about public servants’ wages The union says government is using public servants as a scapegoat for economic mismanagement 24 February 2021 - 20:17 By Caiphus Kgosana and Thabo Mokone
Finance minister Tito Mboweni stuck to his hard line on the salaries of public servants during his budget speech in the national assembly on Wednesday afternoon, proposing “moderate adjustments” to wage increases, way below inflation.
But National Treasury did not close the door entirely to increased demands by public servants and the next round of wage negotiations is about to kick off.
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Startek’s subsidiary refinances $185 million debt
February 25, 2021
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CSP Alpha Holdings Pte Ltd, a wholly-owned subsidiary of Startek, has completed refinancing of a newly-secured $185 million debt facility, comprising a $165-million term loan and a $20-million revolving credit facility.
Borrowings under the new senior debt will bear a tiered interest rate, which is based on the company’s consolidated net leverage ratio and is initially set at LIBOR plus 450 basis points, the company said in a statement.
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“Our new credit facility allows us to extend the maturities of our debt and provides enhanced liquidity. Most importantly, it has a moratorium on principal repayments for the first 21 months, which will provide increased flexibility for the company to manage its operations and finances. This also enables us to take advantage of growth opportunities and long-term strategic investments that can further improve the margin profile and earnings power of the organ
(The Center Square) – The Georgia Legislature has approved a bill that could save taxpayers more than $250 million and would make certain federal Paycheck Protection Program (PPP) loans tax
I am counting on the stimulus check, said Hargrove, referring to the next payment currently working its way through Congress.
She s not alone. Almost one-third, or 29%, of U.S. adults are counting on another round of government relief to get by, and another 24% say they need it but doubt it will happen, a new CNBC + Acorns Invest in You survey conducted by SurveyMonkey found.
People of color are more likely to be relying on the relief, especially Black women. Half of Black Americans and 40% of Hispanics said they were counting on it, while 57% of Black women said the same. Additionally, 24% of Blacks and Hispanics need it but don t think it will come to fruition.