L Brands Inc.
said Tuesday its Victoria’s Secret & Co. unit is planning to issue $500 million of 8-year bonds in a private placement to fund a portion of a cash payment to L Brands. Victoria’s Secret was recently formed as part of a plan by L Brands to spin it off to shareholders. L Brands shares were down about 1% premarket, but have gained 90% in the year to date, while the S&P 500
has gained 14%.
KATHMANDU, Oct 1: Today, Nepal Rastra Bank (NRB) is set to issue development bonds valued at Rs 13.10 billion. The...