Indian Airport Firm GMR Mulls Rupee-Bond Sale of $579 Million
The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt, one of the people said, asking not to be identified as the details are private. The firm may aim to price the securities at about 10.5%, the person said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Report – Saudi Pro League Club Neom Intensify Talks To Sign Inter Milan & France Defender
Inter Milan and Neom have reportedly intensified talks over the transfer of Benjamin Pavard to the Saudi Pro League. According to FCInter1908, Neom manager Christophe Galtier is pressuring the club to sign the French defender. Despite initially rejecting the idea of moving outside Europe, Benjamin Pavard could change his mind. Indeed, Galtier is trying to convince the 29-year-old to accept Neom's proposal and switch to Saudi Arabia. Talks are ongoing as the former Lille boss continues to push for the Frenchman's transfer. Neom Accelerating Talks to Sign Inter Milan Defender Benjamin Pavard MUNICH, GERMANY – APRIL 08: Benjamin Pavard of FC Internazionale reacts during the UEFA Champions League 2024/25 Quarter Final First Leg match between FC Bayern München and FC Internazionale Milano at Fussball Arena Muenchen on April 08, 2025 in Munich, Germany. (Photo by) Inter are open to selling the former Bayern Munich star for the right price. Moreover, they've already set a €20 million price tag on the versatile defender to facilitate his exit. However, they've failed to drum up any serious interest from Europe. Therefore, a transfer to Saudi Arabia is Pavard's best chance to leave San Siro by the end of the summer. Meanwhile, Inter would use the money from Pavard's sale to sign a new center-back.
Bloomberg
19 minutes ago
- Bloomberg
Bloomberg Surveillance 8/19/2025
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
South Korea Halts Crypto Lending as Market Leverage Sparks Regulatory Concern
South Korean financial authorities have temporarily suspended new crypto lending services in a direct response to a major liquidation event at a local exchange. This move highlights growing global concerns over excessive leverage in the digital asset market. The decision by the country's Financial Services Commission (FSC) follows a recent incident at Bithumb, where regulators noted that more than 27,000 customers tapped lending services in June. As market prices swung against them, a full 13% of these users were forced into liquidation. The authorities stated that this pause will last until formal "Virtual Asset Rental Service Guidelines" can be prepared. They justified the action by noting that "user protection devices... are insufficient" and that there were "concerns about damage to a healthy trading order." "Directionally it signals tighter oversight of leverage and retail risk rather than a permanent ban," Luke, co-founder of Layer-1 network Mitosis, told Decrypt about the suspension. This pause is "a signal that the government has identified they must provide further regulatory clarity to best protect investors," Austin King, co-Founder of Ethereum based layer-1 network Omni Network, told Decrypt. King believes it is "not scrutiny at all," but rather a government acknowledging its own "insufficient regulatory clarity" and creating "clear rules of the road." South Korea Flags Upbit and Bithumb's Crypto Lending, Margin Trading Services This incident is a micro-level example of a macro-level trend. According to a recent report by Galaxy Digital, leverage has been building across the crypto ecosystem, particularly since Bitcoin's all-time high in August. The report found that the combined value of outstanding crypto-collateralized borrows across both centralized and decentralized projects reached an all-time high of $44.25 billion, a nearly 30% increase from the previous quarter. On-chain lending grew by 42% to $26.5 billion, while open borrows on centralized platforms expanded by 14.66% to $17.78 billion. Cantor's $2 Billion Bitcoin Lending Business Makes First Transactions The Bitfinex analysts further highlight this growing fragility, noting that total liquidations have remained elevated, with average daily liquidations exceeding $350 million over the past 30 days. Coinalyze data shows more than $3 billion worth of positions have been liquidated in August so far, with an overwhelming contribution coming from short sellers. 'This tracks a wider pattern,' Luke added, placing South Korea's move into global context by mentioning MiCA in Europe and recent regulatory developments in the U.S. "The ratio of altcoin liquidations to BTC liquidations has surged to historically elevated levels," Bitfinex's July report stated. The build-up in leverage over the past month, particularly in the altcoin segment, suggests a return of speculative enthusiasm. It indicates that the crypto market is entering a more fragile phase with a heightened risk of liquidations. This, according to Austin King, is precisely why South Korea's swift action serves as a clear regulatory warning, providing a necessary "constraint on the max amount of leverage offered on derivative products" and creating a blueprint for other nations to follow. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
