The federal government is all set to renew licences of cellular companies for another 15 years against millions of dollars fee, well informed sources told Business Recorder.
Banks are cutting Collateralized Loan Obligation (CLO) issuance forecasts after spreads on the most senior tranches of the funds hit a more than two-year high, challenging the creation of new deals. Barclays last week cut its forecast for US CLO refinanci
A key barometer of interbank borrowing costs increased on Friday to its highest level in about 2-1/2 weeks, partly in anticipation of US quarterly corporate tax payments in three months. The London interbank offered rate (LIBOR) to borrow dollars for thre