BGC Partners Inc. (BGCP) Thursday priced a $100 million underwritten public offering of 8.125 percent senior notes due June 15, 2042. The offering will close on June 26, 2012.
The company intends to use the proceeds to repay short-term borrowings under its unsecured revolving credit facility, and for general corporate purposes.
The notes are expected to be redeemable, in whole or in part, at any time on or after June 26, 2017, at a redemption price equal to 100 percent of the principal amount redeemed plus accrued and unpaid interest to, but excluding, the redemption date.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.