🇿🇼ZimbabweSouthern Africa
Liquid Technologies retires $620 million bond early, issues new $300 million bond to reduce leverage
via NewsDay Zimbabwe1 min read
Liquid Technologies has announced the early retirement of a $620 million bond. This move is part of a deliberate balance sheet strategy aimed at lowering gearing, mitigating refinancing risk, and preserving liquidity flexibility. Concurrently, the company has issued a new $300 million bond. This financial maneuver is intended to support ongoing expansion efforts while optimizing the company's financial structure.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
The Zimbabwean government has extended the deadline for winter wheat planting. This decision comes amidst various national developments, including police warnings against inciting violence, the MDC's threat of mass action over a constitutional bill, and the return of black rhinos to Matusadona. Economically, the Zimbabwe Stock Exchange is implementing concessions to attract new listings, while ART operations face challenges from power outages and raw material shortages. The manufacturer reported a 6% decline in exports and a 26% decline in paper division volumes for the third quarter ending June 2022. Additionally, the article mentions political tensions leading to violence and forced evictions at grasslands plots, and the ZOC's focus on gender equality at the ANOCA Zone VI Forum in Victoria Falls.
Must ReadThe Zimbabwe National Network of People Living with HIV ZNNP+ has initiated a project in Umguza focused on the production of reusable sanitary pads. This local initiative aims to address a specific community need. Other news includes the ZSE implementing concessions to attract new listings amidst declining market capitalization and delistings, and the Zimbabwe Olympic Committee ZOC leading discussions on Gender Equality at the ANOCA Zone VI Forum in Victoria Falls. Additionally, political tensions at grasslands plots have reportedly led to violent attacks and forced evictions.
The Chief Executive Officer of the National Railways of Zimbabwe NRZ, Mr. Charangwa, has resigned from his position due to medical reasons, just two months after his appointment. This development follows a series of recent news items, including the government extending the winter wheat planting deadline, residents of Stoneridge counting losses after demolitions on disputed land, and the return of black rhinos to Zimbabwe’s Matusadona after three decades. Other notable news includes Minister Shava joining African ministers in Accra to discuss digital education, and the Zimbabwe Stock Exchange rolling out concessions to attract new listings.
The Chief Executive Officer of the National Railways of Zimbabwe NRZ has resigned from his position due to medical reasons. This resignation comes just two months after he assumed the role.