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Treasury
Fairfax Financial Holdings to Redeem Senior Notes Due Dec. 16, 2026
Fairfax Financial Holdings (FFH.TO) will redeem its 4.70% senior notes due Dec. 16, 2026 on May 29, the company said after trade on Wednesday.Fairfax will pay a redemption price of 100.465% of the principal amount of the notes, plus accrued and unpaid interest. There is $450 million principal amount of notes currently outstanding.Fairfax shares closed up $5.43, to $2,346.41 on the Toronto Stock Exchange.
$FFH.TO
Treasury
US Treasury Closing Levels
3:00 Wednesday vs 3:00 Tuesday2yr 99-21 vs 99-26; 3.926% vs 3.842%5yr 99-09 vs 99-16+; 4.056% vs 3.981%10yr 97-24 vs 98-06+; 4.409% vs 4.351%30yr 96-13 vs 97-00; 4.979% vs 4.941%2/10 48.031 bps vs 50.633 bps5/30 92.231 bps vs 95.813 bps
Treasury
Sharc International Systems Raises $300,000 After Closing Second Tranche of Debenture
Sharc International Systems (SHRC.CN) closed the second-tranche of its non-brokered private placement of unsecured convertible debentures, raising $300,000 and bringing total proceeds to date to $600,000, it said overnight Tuesday.The three-year debentures bear an 8% interest rate, calculated annually paid on maturity. The debentures, including any accrued and unpaid interest, will also be convertible into shares priced at $0.125 apiece .Proceeds will be used for working capital and general corporate needs.Shares of the company were last seen unchanged at $0.09 on the Canadian Securities Exchange.
$SHRC.CN