Latest news with #interestRate
Yahoo
3 hours ago
- Business
- Yahoo
NOTICE REGARDING THE OFFERING OF EUR 5M 3rd TRANCHE OF UAB 'KVARTALAS' BONDS
UAB 'Kvartalas', legal entity code 305475438, registered address at Jogailos str. 4, Vilnius, the Republic of Lithuania (the Issuer). The Issuer announces that pursuant to the Final Terms of the third Tranche of the Issuer's Bonds (ISIN LT0000411167) (the Final Terms) that were adopted in accordance with the Issuer's Base Prospectus approved by the Bank of Lithuania on 18 November 2024 (the Prospectus), offering of the Bonds under the Final Terms in the amount of up to EUR 5M (subject to increase as provided for in the Final Terms) will be carried out in the Republic of Lithuania, Latvia and Estonia from 3 June 2025 under the following main terms (other terms applicable to the offering are detailed in the Final Terms and Prospectus): Nominal Value of a Bond – EUR 100; Issue Price of a Bond – EUR 101.7737 (with accrued interest); Final Maturity Date – 19 December 2026; Interest Rate – 8.00% (fixed) annually; Yield – 6.75% annually; Subscription channels – subscription by way of Nasdaq Auction through the Exchange Members (list Subscription Period – 3 June 2025 – 13 June 2025, unless the Subscription Period is shortened because the Issuer determines that sufficient investor demand has been reached. In such an event, the Issuer will publicly announce the early closure of the Subscription Period, and no further Subscription Orders will be accepted; Announcement of Offering results – 16 June 2025, or earlier if the Subscription Period is shortened. Please note that no single investor will be allocated more than EUR 2,000,000 worth of Bonds; Payment Date – the settlement for the Bonds shall be carried out on the Issue Date (Delivery versus Payment); Issue Date – 20 June 2025, which will not change even if the Subscription Period is shortened. Before deciding to invest in the Bonds, each prospective investor shall read the Prospectus and Final Terms (as may be updated) with the attached relevant language summary. All aforementioned documents are attached herein and are published on the Issuer's website at On behalf of the Issuer: Ieva Antanaitytė-GenevičienėGeneral Attachments UAB Kvartalas Base Propectus Summary_3rd Tranche_EE UAB Kvartalas Base Propectus Summary_3rd Tranche_LV UAB Kvartalas_Final Terms +EN Summary_3rd Tranche_30.05.2025 Kvartalas-Base-Prospectus_18.11.2024 SĄVARŽĖLĖ-Investor presentation-3rd trancheError 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
Reuters
3 days ago
- Business
- Reuters
Tunisia's central bank keeps key interest rate unchanged at 7.5%
TUNIS, May 30 (Reuters) - Tunisia's central bank has kept its benchmark interest rate unchanged at 7.5%, an official at the bank told Reuters on Friday.
Reuters
3 days ago
- Business
- Reuters
Mozambique central bank cuts main interest rate to 11.00%
MAPUTO, May 30 (Reuters) - Mozambique's central bank cut its main interest rate (MZMIMO=ECI), opens new tab to 11.00% from 11.75% in a decision announced on Friday. The Bank of Mozambique has now lowered its main lending rate for nine policy meetings in a row. The Southern African country's annual inflation rate slowed to 3.99% in April (MZCPIY=ECI), opens new tab from 4.77% in March, reversing a trend where inflation had been on the rise since October's disputed election.
Reuters
4 days ago
- Business
- Reuters
South African rand steady before interest rate decision, PPI data
JOHANNESBURG, May 29 (Reuters) - The South African rand was steady in early trade on Thursday, ahead of a much-anticipated interest rate decision by the South African Reserve Bank (SARB) and monthly producer inflation figures. At 0702 GMT, the rand traded at 17.92 against the dollar , little changed from Wednesday's closing level. Statistics South Africa will publish April domestic producer inflation figures at 0930 GMT, and Nedbank economists said in a research note that they expect it to have remained steady at 0.5%. Investor attention will be pinned on an interest rate decision by the central bank expected around 1300 GMT. The majority of economists polled by Reuters expect the bank to trim its main lending rate (ZAREPO=ECI), opens new tab by 25 basis points, though a significant minority think the rate could be left unchanged. Inflation (ZACPIY=ECI), opens new tab is currently below the central bank's target range, though policymakers have stressed risks from U.S. President Donald Trump's trade war and domestic politics. "The upside risks to the outlook have subsided since the March meeting," the Nedbank note said. South Africa's benchmark 2030 government bond was also little changed in early deals, with the yield at 8.78%.
GSM Arena
4 days ago
- Business
- GSM Arena
Apple Card gets another cut on interest rate
Apple Card is a banking service for Apple users in the United States. It has a Savings feature, allowing customers to earn interest on cashback deals, and the rate was 4.15% when introduced. The rate changed several times over time - in March, it was 3.75%, and today, it is reduced to 3.65%, its lowest since the service was introduced. Apple Card The interest rate matches that Goldman Sachs offers through its savings account. Apple is the main partner for this banking service. The 3.65% percentage was adjusted based on overall economic conditions, and while it is lower than before, it is still drastically higher than the national average interest rate in the United States (the Average Percentage Yield, or APY, is 0.59%). APY is the total rate of return for an interest-bearing account over a one-year period. For Apple customers, the sum is accumulated through cashback programs—1% on all purchases, 2% if they are through Apple Pay, 3% on the Apple Store, and partners like Uber or T-Mobile. These funds are returned to the Daily Cash account, but they can be transferred to the Savings account, where they'll earn interest over time. The interest is compounded daily, meaning the money grows every day if the user is patient enough. Via
