Bloomberg The global hunt for yield is a boon for Chinese banks raising capital via perpetual bonds. Agricultural Bank of China Ltd. sold 85 billion yuan ($12 billion) of perpetual bonds last week at a coupon of 4.39%, the lowest level since lenders first started selling the debt instruments in January. Total sales of the bonds, which lack a maturity ...

Bloomberg Guaranty Trust Bank Plc will consider acquisitions outside its home market as Nigeria’s biggest lender by market value seeks to expand on the rest of the continent. The Nigerian multinational financial institution, which already has offices in 10 countries outside Nigeria, is looking to East Africa for growth, Chief Executive Officer Segun Agbaje said on a call with investors ...

Bloomberg An expert panel reviewing how the Boeing Co 737 Max was certified is expected to cite a breakdown in communication following revelations that aviation regulators didn’t understand key design elements until the first of two deadly crashes of the plane. The Joint Authorities Technical Review (JATR) hasn’t found evidence that regulations weren’t followed when the jetliner was approved in ...