Tue, Jun 25, 2024 12:32 PM
Multibagger: Hindustan Construction Company stock zoomed 1113% in 4 years
A Flip by Shubhangi Gupta
State-owned REC Ltd on Saturday said it has raised $500 million through green dollar bonds to support various renewable energy projects. The five-year note has a coupon rate of 4.75% per annum to be paid semi-annually and the maturity date of September 27, 2029. This is the first US dollar bond issuance from an Indian public sector enterprise in 2024, REC said in a statement.
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European luxury stocks, including Hermes, Richemont, and LVMH, surged over 15% this week as Chinese officials announced stimulus measures to boost the country's economy, revitalizing hopes for increased spending on luxury goods. European luxury brands had struggled due to weak Chinese demand, but investors now expect the stimulus to revive luxury spending in China.
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The iShares Bitcoin Trust ETF, which tracks Bitcoin's price, offers a more manageable investment option at around $37 per share, compared to Bitcoin's current value of $65,000 per coin, with benefits including lower entry costs, added security, and ease of trading through traditional brokerage accounts.
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