Family members of missing persons protest outside the Mehfil Shah-i-Khorasan mosque on Friday. Fahim Siddiqi/White Star
KARACHI: There were women and little children holding up pictures of their missing loved ones. Someone was missing a son, someone a husband, someone a brother, someone a father, which compelled all of them to come out in the scorching afternoon heat to hold a sit-in at Mehfil Shah-i-Khorasan, off Numaish Chowrangi, and near the Mazar-i-Quaid under the auspices of the Joint Action Committee for Shia Missing Persons here on Friday.
Zaheera from Gulistan-i-Jauhar said that her 22-year-old son, Wahid Hussain, went missing on March 21, 2018. “My son had applied to the army and had even cleared all their tests. While he waited for his letter to come from there he was driving a loading pickup truck to earn some money and supplement the household income. He went missing along with the pickup truck. The truck was recovered three months later but not my son. Two days ago
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(Reuters) - Junk bonds, the only fixed-income segment still offering positive returns this year, will continue their outperformance, according to investor bets the U.S. Federal Reserve will eventually put its foot down and calm bond markets.
FILE PHOTO: Trader Frank Masiello talks on his phone on Wall St. outside the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2021. REUTERS/Brendan McDermid/File Photo
The sector, with credit scores below BBB-minus, is among the riskiest debt categories. But it weathered February’s market storm better than most, delivering year-to-date returns around 1%, BofA indexes show.. Sovereign and higher-grade corporate bonds are in the red.
Laura Benitez, Bloomberg News Empty beer cans move along a conveyor at the Heineken NV brewery in Yangon, Myanmar, on June 15, 2017. Heineken is seeking to exploit the potential of the southeast Asian nation where more than 80 percent of the adult population drinks beer. Beer sales in Myanmar rose 14 percent to $265 million between 2009 and 2013, and are forecast to reach $675 million by 2018, according to Euromonitor. , Bloomberg
(Bloomberg) Ardagh Metal Packagingâs sale of $2.65 billion in green junk bonds Friday is set to draw strong interest from investors seeking yield and environmental kudos.
The company is being spun off from Ardagh Group SA, merged with a blank-check company backed by billionaire financier Alec Gores and will be listed on the New York Stock Exchange. Some of the proceeds from the sale, set to be the largest ever green bond for Europeâs high-yield market, will be used to fund or refinance â
A debt deal for Paul Coulson’s new Ardagh Metal Packaging (AMP) will be the biggest ever in the world of high-yield green corporate bonds.
The planned $2.8bn (€2.3bn) issue of new debt is part of the structure behind the spin-out of AMP as a standalone recyclable beverage can business that will have greener credentials than Ardagh itself.
Green bonds are used to fund environmentally sound projects and businesses and can attract pockets of capital not available to most corporate borrowers.
Governments and infrastucture funds have been tapping the market, but it is rarer for companies – especially higher debt non-investment grade or ‘junk bond’ issuers.