ChinaChina delivery giant Meituan raises $10 bln - a warchest for drones, self-driving cars
ReutersScott MurdochYingzhi Yang
3 minutes read
Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 4, 2020. REUTERS/Tingshu Wang/File Photo
Food delivery behemoth Meituan (3690.HK) has raised $10 billion in a stock and convertible bonds sale, underscoring strong investor faith in the growth prospects of some Chinese tech firms despite a regulatory clampdown on the sector.
The Tencent-backed firm with a market valuation of $220 billion said it plans to use its new warchest to invest in autonomous delivery vehicles, delivery drones and other cutting-edge technology.
EnergyEXCLUSIVE Aramco pipeline investors to refinance loan with bonds next year - sources
Yousef SabaSaeed Azhar
3 minutes read
General view of Aramco tanks and oil pipe at Saudi Aramco s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo
EIG Global Energy Partners will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramcoâs (2222.SE) oil pipeline assets, two sources said.
The Washington, D.C.-based firm s consortium will issue bonds to replace $10.5 billion in so-called staple financing that was arranged by Aramco for potential suitors to take the 49% stake, the sources said.
EIG Global Energy Partners will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco's (2222.SE) oil pipeline assets, two sources said.
Ben Valentine
BEN VALENTINE: What motivated you to return your focus specifically on Indiana, having served as Director of North Americaâs Agriculture Program at TNC? Â
LARRY CLEMENS: Indiana is home. I grew up in northern Indiana in a small town (Argos) and truly love our state, the people and the communities. When I started working for The Nature Conservancy in 1992, I learned quickly the rich history of TNCâs Indiana Chapter not only as a leader here in Indiana, but also nationally in conservation. Our program has a rich history of strong conservation leaders as state directors, and I hoped someday, if given the chance, I would carry on that tradition.Â
Ben Valentine
BEN VALENTINE: What motivated you to return your focus specifically on Indiana, having served as Director of North Americaâs Agriculture Program at TNC? Â
LARRY CLEMENS: Indiana is home. I grew up in northern Indiana in a small town (Argos) and truly love our state, the people and the communities. When I started working for The Nature Conservancy in 1992, I learned quickly the rich history of TNCâs Indiana Chapter not only as a leader here in Indiana, but also nationally in conservation. Our program has a rich history of strong conservation leaders as state directors, and I hoped someday, if given the chance, I would carry on that tradition.Â