Author: InvestAdvocate

Flour Mills plans $232mn Bond for expansion

By  Michael Eboh Flour Mills of Nigeria Plc, which processes grain and sells cement, will offer 35 billion naira ($232 million) of bonds this month and use the proceeds to build a sugar refinery in Lagos.   The sale forms part of a 70 billion-naira debt-issuance program that shareholders approved […]

Irish, EU, IMF face marathon talks for loan deal

By SHAWN POGATCHNIK and GABRIELE STEINHAUSER, Associated Press DUBLIN – As EU experts dug through the books of Ireland’s debt-crippled banks, the question moved from whether Ireland will take an international bailout to under what conditions.   On the firing line was Ireland’s prized low business tax, which the government […]

General Motors returns to NYSE after raising $20bn in IPO

By Agency reporter Friday, 19 Nov 2010 MICHIGAN: General Motors Company, which went bankrupt last year after almost a century on the New York Stock Exchange, returns to public trading on Thursday following an initial public offering that raised more than $20bn. Bloomberg reported on Thursday that GM‘s owners, including the […]