The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.65% on Wednesday.
Australian Dollar ($A) (AUDUSD): 70.31US cents
Dow Jones (DJI): down 0.52%
Oil (WTI): $US56.19 per barrel
Gold: $US1,287 per ounce
ASX Sharemarket News
In ASX sharemarket news, resource giant Santos Ltd (ASX: STO) announced that it has priced a US$600 million 10-year bond which will be used to refinance the US$500 million bridge facility used to part-fund the Quadrant Energy acquisition and for general corporate purposes.
The bonds have been priced at a fixed rate of 5.25% for a period of 10 years maturing in March 2029. The book was five times oversubscribed and received strong support from a mix of global asset managers and insurance companies from Asia, Australia and Europe.
Santos CEO Kevin Gallagher said: “This is an excellent result for Santos, showing strong support from the capital markets and demonstrating our balance sheet is set up to support our growth strategy.”
[ls_content_block id=”15758″ para=”paragraphs”]
Engineering business Cimic Group Ltd (ASX: CIM) announced that one of its subsidiaries, Thiess, has secured a $172 million contract extension from Bayan Resources to expand operations at Melak in East Kalimantan, Indonesia.
Thiess will increase coal production and overburden removal and continue to provide additional mining services, including drill and blast, and coal loading to the barge facility.
Cimic CEO Michael Wright said: “It’s great to see our team in Indonesia continue to drive operational solutions and value for our clients to meet their production and expansion needs.”
Popular Stories:
- 1 Trick To Find The Next Afterpay Touch Group Ltd (ASX:APT) Shares
- ASIC Could Soon Sue Commonwealth Bank (ASX:CBA), Is The CBA Share Price A Buy?
- Insurance Australia Group (ASX:IAG) Shares – If It’s Good Enough For Warren!
- Did The Royal Commission Save House Prices In February 2019?
RAIZ Invest Ltd (ASX: RZI), a finance app business that was formerly called Acorns, has announced it is expanding into Southeast Asia by launching into Indonesia.
Raiz CEO George Lucas said: “We believe that just like in Australia, Raiz will be a game changer for how people invest. Raiz Invest will be the innovative solution for anyone who wants to start investing, but has never really taken the first step.”
[ls_content_block id=”14948″ para=”paragraphs”]
