On Thursday, Shares of Apple Inc. (NASDAQ:AAPL), lost -2.05% to $112.65.
Apple Inc. raised A$2.25 billion ($1.6 billion) with a debut Australian debt sale that’s the largest bond deal ever Down Under by a non-financial company, according to Bloomberg.
The iPhone maker sold A$1.15 billion of seven-year notes at a yield of 110 basis points more than swap rates and A$1.1 billion of four-year securities at a 65 basis point spread. Bloomberg Reports
Apple, which until November had only sold U.S. currency bonds, has since expanded its debt issuance to euros, yen, pounds and Swiss francs in addition to Aussie dollars. It follows a A$700 million inaugural offering last month from brewer SABMiller Plc and joins other overseas-based issuers such as Total SA and Toronto-Dominion Bank in making Australian debuts over the past 12 months. Bloomberg added.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Goldcorp Inc. (NYSE:GG), inclined 2.18% to $15.47, during its last trading session, as Gold futures rose sharply for a second straight day on Thursday, getting a lift from dovish Federal Reserve minutes in addition to sharp stock-market declines in the U.S. and abroad that raised its haven appeal.
Gold for December delivery jumped 1.7% to $1,147.30 an ounce on Comex after trading as high as $1,148.50.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
Finally, LendingClub Corporation (NYSE:LC), ended its last trade with -3.53% loss, and closed at $12.29, hitting its lowest level.
LendingClub Corporation declared that Springstone Financial, LLC (Springstone), a partner of Lending Club, agreed to settle with the Consumer Financial Protection Bureau (CFPB) related to the staff’s concerns on possible borrower confusion about the terms of a deferred interest product, which was terminated by Lending Club shortly after its acquisition of Springstone in April 2014.
To resolve this matter, Springstone agreed to pay restitution of $700,000 to certain borrowers in its finance program from 2009 to 2014. The settlement amount is fully covered by the indemnification provisions of the Springstone purchase agreement and therefor will not result in any adverse financial charge to Lending Club.
Lending Club formerly revealed in its filings with the U.S. Securities and Exchange Commission that it was engaged in discussions with the CFPB in connection with Springstone’s previous financing products. The settlement does not involve any penalties or fine or admission of wrongdoing on the part of Springstone or Lending Club or their employees, directors, officers or agents.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
