Hong Kong-based sourcing giant Li & Fung Limited said Friday it is issuing $500 million of perpetual bonds to raise cash for business development and ongoing acquisitions drive.
The company said investors oversubscribed to the issue by over 10 times. The bonds, denominated in U.S. dollars, will have a distribution rate of 6 percent and they will trade on the Singapore stock exchange.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"