By Reuters Staff
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April 14 (Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co said on Wednesday it will raise A$400 million ($307.48 million) through senior unsecured convertible notes to fund its growth and expansion plans.
On Tuesday, the BNPL firm reported a record quarterly earnings and unveiled plans to expand into Canada and Southeast Asia.
“The additional capital from this offering will support the active pursuit of both core and international growth opportunities,” Chief Operating Officer Peter Gray said in a statement.
BNPL firms, which allow users to pay for their purchases over several installments, have seen a boom in transaction volumes and active customers as the pandemic changed consumer behaviour drastically, moving more towards the online space.
Demand for the $96 billion in new Treasury notes sold Monday was average, but substantial enough to prevent a jump higher in yields ahead of Tuesday's inflation data.
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NEW YORK (Reuters) -The S&P 500 and the Dow were on track to notch new all-time closing highs on Monday as surprisingly robust economic data stoked investor risk appetite, while cryptocurrency market cap breached the $2 trillion hurdle.
FILE PHOTO: A Now Hiring sign advertising jobs at a hand car wash is seen along a street, as the spread of the coronavirus disease (COVID-19) continues, in Miami, Florida, U.S. May 8, 2020. REUTERS/Marco Bello
Friday’s employment report, which showed 916,000 jobs added in March and the unemployment rate falling to 6%, driven by vaccine deployment and stimulus, marked the beginning of what could be the strongest yearly economic performance in decades.
The S&P 500 and the Dow were on track to notch new all-time closing highs on Monday as surprisingly robust economic data stoked investor risk appetite, while cryptocurrency market cap breached the $2 trillion hurdle.