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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)