Ghana's finance ministry said on Tuesday it had successfully raised $3 billion on the international debt market using a 4-year zero-coupon bond tranche.
Up to EUR 0.6 bln due in additional payments Deal accretive from year one Shares up 3.5% (Adds details, CEO quotes)
April 1 (Reuters) - French infrastructure group Vinci said on Thursday it agreed to buy the energy business of Spain’s ACS for about 4.9 billion euros ($5.75 billion) in cash, with additional payments due depending on the development of renewable assets.
With an identified potential of about 15 gigawatts of projects and ACS’ presence in Spain and Latin America, Vinci aims to bolster its energy contracting business and develop renewable projects, the company said.
“It’s only beginning of the story.,” Vinci’s Chief Executive Xavier Huillard said during an analyst call, adding he was positively surprised by the quality and renewable energy potential in the pipeline.
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FILE PHOTO: U.S. House Ways and Means Committee Chairman Richard Neal (D-MA) speaks to reporters as House Democrats hold a news conference ahead of the final House passage of the Biden administration s $1.9 trillion coronavirus disease (COVID-19) relief bill on Capitol Hill in Washington, U.S., March 9, 2021. REUTERS/Joshua Roberts/File Photo
(Reuters) -Federally subsidized Build America Bonds will return as part of President Joe Biden’s $2 trillion-plus infrastructure package, the chairman of the House of Representatives Ways and Means Committee said on Thursday.
Richard Neal, a Democrat who will play a key role in shaping legislation for the plan, said he obtained assurances from U.S. Treasury Secretary Janet Yellen that the bonds, along with certain tax credit measures, will be included.
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WASHINGTON (Reuters) - The coronavirus pandemic has worsened debt problems facing 72 low- and middle-income countries and jeopardized $598 billion in debt service payments from 2021 to 2025, including $87 billion this year, the United Nations Development Program reported on Thursday.
Administrator of United Nations Development Programme (UNDP) Achim Steiner, speaks during the presentation of the 2019 UNDP Human Development Report, in Bogota, Colombia December 9, 2019. REUTERS/Luisa Gonzalez
Only 49 of the 72 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Steiner told reporters, urging G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.
By Reuters Staff
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(Reuters) - The S&P 500 crossed the 4,000 mark for the first time on Thursday, jumping out of the gates for the second quarter with technology shares in the forefront and optimism about recovering U.S. growth, infrastructure spending and vaccines undergirding sentiment.
STORY: STOCKS: S&P 500 up 0.94% AT 4,010, Dow up 0.48%, Nasdaq up 1.54% BONDS: Benchmark 10-year notes last rose 20/32 in price to yield 1.6752%, from 1.746% late on Friday. FOREX: The dollar index fell 0.291%, with the euro up 0.35% to $1.1769.