Funding & Business
Colombia Raises $9 Billion in Collateral to Secure Swap Deal
Colombia concluded the purchase of some $9.3 billion in assets to serve as collateral for a series of complex swap transactions, according to a person familiar with the matter.
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Zijin Gold International Co. is planning to begin gauging investor interest as soon as next week for a Hong Kong initial public offering that may fetch more than $3 billion, according to people familiar with the matter.
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Black Rock Coffee Bar Inc., an operator of a drive-through-focused coffee chain, raised $294.1 million in a US initial public offering that priced above its marketed range.
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Gold headed for a fourth weekly gain on expectations the Federal Reserve is poised to lower US interest rates, with prices aided by inflows into bullion-backed exchange traded funds and a weaker dollar.
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