Federal student loan borrowers hopeful Biden administration will provide more relief
Taisha Walker, Reporter
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HOUSTON – Federal student loan borrowers may receive some reprieve this month once President-elect Joe Biden takes office.
Daisy Bordeau is a managing partner at Allison Funeral Service in Liberty. Bordeau is putting her undergraduate degree in mortuary science to work as the number of people needing burial has spiked due to COVID-19.
“I do have student loan debt. I’ve got it paid down,” Bordeau said. “I think I’m at about $12,000 or $13,000. So, it’s a lot better than the $20,000 I was at a year ago.”
Home First Finance IPO opens on Thursday. Should you subscribe?
The IPO price is at nearly 55% premium to Rs 334.7 at which the company undertook a preferential allotment to Orange Clove Investments, an affiliate of Warburg Pincus in October 2020.
Synopsis
The company’s assets under management (AUM) increased by 63.4% annually between FY18 and FY20 to Rs 3,618.3 crore. Revenue rose by 73.8% to Rs 398.6 crore while net profit surged five-times to Rs 79.2 crore during the period.
Home First Finance Company plans to raise Rs 265 crore from fresh equity issue to augment the capital base and another Rs 888.7 crore through offer for sale. The mortgage lender operates in the country’s fast growing affordable housing segment. It has reported a sharp increase in lending activities over the past three years. Its business is concentrated in three states. The IPO valuation seems to capture its growth prospects. These factors make
Central Banking
Ernest Addison Print this page
The Bank of Ghana’s governor says there is a need to design a medium-term macroeconomic framework to help the country’s economy recover from the impact of Covid-19.
Ernest Addison said public debt levels had risen due to a fiscal expansion to contain the impact of the pandemic.
“There is the need to design a plan to bring down the debt to sustainable levels to contain risks posed to future financing of the budget, exchange rate stability and financial sector stability,” he said.
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