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Apple plans to sell C$2.5 bln in bonds in Canada-IFR

“TORONTO, Aug 15 (Reuters) – Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian dollar-denominated issue, which would be a record amount for a foreign issuer in Maple bond market, Thomson Reuters IFR reported on Tuesday” writes Reuters Editorial for reuters.com. The deal will be priced on Tuesday afternoon at a spread of 80 basis points over the curve, IFR said. An Apple spokesman declined to comment on the size or price of the deal. ($1 = 1.2756 Canadian dollars) (Reporting by Fergal Smith).  Source:…

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Apple plans to sell C$2.5 billion in bonds in Canada: IFR

“TORONTO (Reuters) – Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian dollar-denominated issue, which would be a record amount for a foreign issuer in Maple bond market, Thomson Reuters IFR reported on Tuesday” reports businessinsider.com. The deal will be priced on Tuesday afternoon at a spread of 80 basis points over the curve, IFR said. Source: businessinsider.com Share This:

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Tesla’s ‘cash burn’ likely peaked, one analyst says

“Tesla Inc., fresh from a successful bond sale, is likely to have seen the worst of its money spending and cash burn” writes Claudia Assis for marketwatch.com. TSLA, -0.04% They are expecting the company to burn through about $600 million in cash in the fourth quarter, but said the second quarter “already likely represented the company’s peak cash-burn quarter,” at around $900 million.That’s according to analysts at Guggenheim, who on Tuesday tweaked their earnings expectations for the electric car maker.Tesla’s most-active bonds, the 2.375% notes that mature in March of…

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What does a tech startup do after raising $232 million selling digital coins to investors?  Set up a VC fund

“As for the rest of its cash, it’s investing it in “things like stocks, bonds and precious metals,” according to the report” writes Oscar Williams-grut for businessinsider.com. Investing in stocks, bonds, and precious metals is relatively unusual too.Crowdfund Insider reports that Tezos is committing $50 million to venture capital investing, backing companies that are building on its platform. Compared to establishing the great nation of Tezosistan, investing in stocks and bonds looks pretty tame. Source: businessinsider.com Share This:

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Traders are using scorching-hot tech stocks in a whole new way — and it could lead to their downfall

“That low volatility, in turn, has shifted the industry’s entire profile” writes Joe Ciolli for businessinsider.com. Historically a way to chase cyclical growth, investors have started to trade them as a safe, risk-averse alternative to bonds.”Mechanically, we expect that as the realized volatility of a stock drops, more passive ‘low vol’ strategies buy the stock, pushing up the return and dampening downside volatility. Source: businessinsider.com Share This:

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Jamie Dimon: I wouldn’t buy a 10-year bond from any country in the world right now

“JPMorgan Chase CEO Jamie Dimon stopped short of saying the bond market is on the cusp of a collapse, but said he wouldn’t personally buy any long-term government debt” writes Berkeley Lovelace Jr for cnbc.com. The CEO spoke after former Federal Reserve Chairman Alan Greenspan warned on Friday that the bond market could collapse and it will also threaten stock prices.”My view is the Fed is doing the right things, raising rates, telling people we’re going to start reducing the balance sheet,” Dimon added.The likely scenario is that the bond…

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Home run king Bonds wishes he played 1 more year

“Bonds said it ”stung” to walk away from a decorated 22-year career with little notice immediately after a record-setting 2007 season with the San Francisco Giants, when he topped Hank Aaron’s mark” writes Ap Baseball Writer for yahoo.com. If it wasn’t for me to just overcome it then just say, I played my 22 years, I had a great career, I love my city, the city loves me. Source: yahoo.com Share This:

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Yield-starved investors pounce on Nicolas Maduro’s hunger bonds

“Furthermore, the price volatility of Venezuelan debt is actually the highest in the EMBI+ and makes up an inordinate piece of the index’s daily price fluctuations” writes Itziar Aguirre for washingtonexaminer.com. As Venezuela’s political saga intensifies, bullish investors, primarily, but not solely, Goldman Sachs, have thrown out any shred of moral implications out the window in a gleeful rout to snap up distressed Venezuelan bonds.His adversaries insist he’s chosen his political survival over his constituents’ needs, and have coined a term for government debt under his rule: “hunger bonds.”.  Source:…

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Tesla slides following news the company is offering $1.5 billion of junk bonds

“Shares of Tesla are down 0.39% at $US355.53 a piece after the company announced on Monday it will be issue bonds to raise $US1.5 billion” writes Seth Archer for businessinsider.com.au. After the announcement, Standard & Poor’s gave the bonds a B- rating, putting them in the high-risk junk bond category.Right now, the company is burning through its cash faster than ever, and only has three quarters of runway left if it continues at its current rate, according to hedge fund manager David Einhorn. Source: businessinsider.com.au Share This:

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