Search results for FICC
Crypto
Bitcoin hit by rising oil and interest rates as buying slows, adding to headwinds
Bitcoin slid to around $83,000, its lowest level this month, amid a combination of surging oil prices, rising U.S. Treasury yields and broader weakness in risk assets. Brent climbed to $102 a barrel and WTI to $91. U.S. 10-year and 30-year yields hit 24-year highs. Analysts also pointed to weakening demand in spot and derivatives markets, with open interest down about 10 percent since Sept. 22.
Finance
Hana Securities first in South Korea to issue $300 million foreign currency hybrid capital securities
Hana Securities said on Wednesday it raised $300 million by issuing U.S. dollar-denominated foreign currency hybrid capital securities, the first such deal by a South Korean securities firm. It plans to use the funds for growth businesses including global investment banking, corporate finance and venture capital supply. The 30-year notes carry a call option after five years. More than 120 institutional investors joined bookbuilding, placing $1.7 billion of orders.
Telecommunications & Media
Government, home shopping firms and SMEs pledge shared growth, push 10 tasks
The government, home shopping industry and small and medium-sized enterprises will strengthen cooperation to develop the home shopping sector and promote shared growth. The Broadcasting Media Communications Commission held a joint declaration event in Seoul on July 20 with 12 home shopping companies and partner SMEs. The participants agreed on regulatory reform and policy support, fair trading practices, user rights protection and stronger product and service competitiveness, and set out 10 joint action tasks.
