Standard Chartered

TEB's bond issue generates unprecedented investor interest

Retrieved on:

木曜日, 1月 11, 2024

Bank, Citibank, TEB, Emirates NBD, ADCB, BNP Paribas, Commercial bank, USD, Standard Chartered, HSBC

ISTANBUL, Jan. 11, 2024 /PRNewswire/ -- TEB's subordinated bond issuance was led by prominent financial institutions, including Abu Dhabi Commercial Bank, Citibank, HSBC, Emirates NBD, BNP Paribas, and Standard Chartered Bank. The yield rate for the issuance, featuring a ten-year maturity and a call option exercisable in the fifth year, was realized at 9,375 percent. The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.

Key Points:

The international bond issuance garnered significant attention from over 150 global investors, setting a new record with demand exceeding USD 2.9 billion, surpassing the issue amount by more than 7 times.
The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.
Leblebici: "We take pride in garnering significant interest, a testament to our standing as a strong and reliable bank"
Commenting on TEB's first subordinated bond issuance, TEB CEO Ümit Leblebici stated: "We received robust demand from foreign investors for our bond issuance.
Stating that they convened with international investor companies, Leblebici added, "The USD 400 million Basel III compliant bond issuance executed by our Bank witnessed an unprecedented demand, exceeding USD 2.9 billion and well distributed into foreign investors.

TEB's bond issue generates unprecedented investor interest

Retrieved on:

木曜日, 1月 11, 2024

Multimedia, Bank, Citibank, TEB, Emirates NBD, ADCB, BNP Paribas, Commercial bank, USD, Standard Chartered, HSBC

ISTANBUL, Jan. 11, 2024 /PRNewswire/ -- TEB's subordinated bond issuance was led by prominent financial institutions, including Abu Dhabi Commercial Bank, Citibank, HSBC, Emirates NBD, BNP Paribas, and Standard Chartered Bank. The yield rate for the issuance, featuring a ten-year maturity and a call option exercisable in the fifth year, was realized at 9,375 percent. The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.

Key Points:

The international bond issuance garnered significant attention from over 150 global investors, setting a new record with demand exceeding USD 2.9 billion, surpassing the issue amount by more than 7 times.
The considerable interest shown by international investors in the bond issuance served as a notable indicator of confidence in both the Turkish financial market and TEB, and achieved our goal of internationally diversifying our investor base.
Leblebici: "We take pride in garnering significant interest, a testament to our standing as a strong and reliable bank"
Commenting on TEB's first subordinated bond issuance, TEB CEO Ümit Leblebici stated: "We received robust demand from foreign investors for our bond issuance.
Stating that they convened with international investor companies, Leblebici added, "The USD 400 million Basel III compliant bond issuance executed by our Bank witnessed an unprecedented demand, exceeding USD 2.9 billion and well distributed into foreign investors.

Octane Announces the Transition of Ray Duggins to Advisory Role, Appoints Mark Molnar as Chief Risk Officer

Retrieved on:

木曜日, 1月 11, 2024

Entrepreneurship, American Express, PayPal, Standard, KBRA, Bank One Corporation, Citigroup, Chase, GE Capital, Consumer, Standard Chartered, Credit risk, Operational risk, S&P, SVP, Growth

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has appointed Mark Molnar as Chief Risk Officer. Molnar succeeds Ray Duggins, who has decided to transition to the role of Company Advisor after an illustrious forty-five-year career, the last seven of which he spent leading the Risk function at Octane.

Key Points:

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Octane ® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has appointed Mark Molnar as Chief Risk Officer.
Molnar succeeds Ray Duggins, who has decided to transition to the role of Company Advisor after an illustrious forty-five-year career, the last seven of which he spent leading the Risk function at Octane.
Under Duggins' leadership, Octane launched its in-house lender, Roadrunner Financial ®, its in-house servicing arm, Roadrunner Account Services , and its innovative, proprietary risk model.
As Chief Risk Officer, Molnar will oversee all facets of Risk at Octane, including Credit Risk, Enterprise Risk, Compliance, Collections Strategy, and Operating Efficiencies.

Brandon Hall Group Opens Applications for HCM Excellence Awards 2024

Retrieved on:

金曜日, 1月 5, 2024

The HCM Excellence Awards honor excellence in practices and initiatives that drive organizational success, employee engagement, and overall workforce effectiveness.

Key Points:

The HCM Excellence Awards honor excellence in practices and initiatives that drive organizational success, employee engagement, and overall workforce effectiveness.
"Brandon Hall Group is proud to open the nominations for the HCM Excellence Awards 2024.
As the largest and longest-running awards program in Human Capital Management, we continue to recognize and celebrate the remarkable achievements that shape the future of the workplace," said Rachel Cooke, COO and head of the awards program at Brandon Hall Group.
Mike Cooke, CEO of Brandon Hall Group, added, "For over 30 years, the HCM Excellence Awards have been a beacon of recognition for organizations leading the way in Human Capital Management.

Global leaders and Nobel laureate attend AFF 2024

Retrieved on:

火曜日, 12月 19, 2023

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, of HSBC, said: "The theme of the upcoming AFF is Multilateral Cooperation for a Shared Tomorrow.

Key Points:

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, of HSBC, said: "The theme of the upcoming AFF is Multilateral Cooperation for a Shared Tomorrow.
AFF aims to bring together influential speakers and thought leaders from across the globe to facilitate exchanges between nations and regions.
During the first keynote luncheon on 24 January, he will explore the post-pandemic global economic environment, analyse the latest recovery trends and emphasise the crucial role of global cooperation in sustainable development.
In response to ever-changing dynamics in the global economy and investment appetite, this year's AFF will introduce discussion sessions in accordance with market opportunities and industry trends.

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility

Retrieved on:

金曜日, 12月 8, 2023

Chase Bank, Telephone number (mathematics), Conditional entropy, Wind, Crédit Agricole, JPMorgan Chase, Rabobank, CADLR, OCBC, Common, Standard Chartered, American depositary receipt, Danske Bank, Senior, Security (finance)

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.

Key Points:

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Share Exchange Offer.
Assuming that the conditions to the Share Exchange Offer are satisfied or waived, Cadeler expects that settlement will be completed on or about December 19, 2023.
The following indicative timetable is subject to Cadeler’s right to extend, re-open, amend, limit, terminate or withdraw the Share Exchange Offer, subject to applicable law.

Power Solutions International Announces Extension to $50 Million Shareholder Loan Agreement With Weichai America

Retrieved on:

火曜日, 12月 5, 2023

WOOD, OTC Markets Group, Engineering, Standard Chartered, Security (finance)

WOOD DALE, Ill., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it amended and restated its $50 million shareholder’s loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of November 29, 2023 (the “Third Shareholder’s Loan Agreement”), to extend the loan maturity date to November 30, 2024.

Key Points:

WOOD DALE, Ill., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it amended and restated its $50 million shareholder’s loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of November 29, 2023 (the “Third Shareholder’s Loan Agreement”), to extend the loan maturity date to November 30, 2024.
Borrowings under the Third Shareholder’s Loan Agreement will incur interest at the applicable Secured Overnight Financing Rate (“SOFR”), plus 4.05% per annum.
If the interest rate for any loan under the Third Shareholder’s Loan Agreement is lower than Weichai’s borrowing cost, the interest rate for such loan shall be equal to Weichai’s borrowing cost plus 1%.
Additional details on the Third Shareholder’s Loan Agreement can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2023.

Former CEO of CAB Payments and of Saxo Bank UK, Albert Maasland, appointed Independent Director of H2PLT

Retrieved on:

月曜日, 12月 4, 2023

MADRID, Spain, Dec. 04, 2023 (GLOBE NEWSWIRE) -- H2PLT, a pioneer in the green hydrogen sector, has announced the appointment of Dutch banker Albert Maasland, former Chairman of Saxo Capital Markets UK, CEO of Saxo Bank UK and former CEO of CAB Payments, as an Independent Director.

Key Points:

MADRID, Spain, Dec. 04, 2023 (GLOBE NEWSWIRE) -- H2PLT, a pioneer in the green hydrogen sector, has announced the appointment of Dutch banker Albert Maasland, former Chairman of Saxo Capital Markets UK, CEO of Saxo Bank UK and former CEO of CAB Payments, as an Independent Director.
He served as CEO and Director of CAB Payments, which was listed on the London Stock Exchange in July 2023 at a valuation of £851 million.
Maasland worked at Saxo Bank UK as CEO and Chairman of the Capital Markets business and has held senior management positions at Standard Chartered Bank, Deutsche Bank, HSBC Markets and Chase Manhattan Bank.
In addition, Maasland has served on the Board of Directors of EASDAQ NV and Equiduct PLC, he was CEO and independent director of Knight Capital Europe, independent director of BlackTree Investment Partners and Independent director of International Investment Research PLC.

Linklogis Was Recognized as Best Supply Chain Finance Technology Provider in China

Retrieved on:

金曜日, 11月 24, 2023

Cloud, SME, Corporate social responsibility, Foreign exchange market, Standard Chartered, Software as a service, ESG, Citibank, Award, Investment management, Cross, Olea

With cutting-edge technological capabilities, exceptional service experience, and longstanding impact on the market, Linklogis stood out in the selection and was awarded the “Best Supply Chain Finance Technology Provider China 2023”.

Key Points:

With cutting-edge technological capabilities, exceptional service experience, and longstanding impact on the market, Linklogis stood out in the selection and was awarded the “Best Supply Chain Finance Technology Provider China 2023”.
Linklogis’ recognition as the the “Best Supply Chain Finance Technology Provider China 2023” by the 2023 Global Banking & Finance Awards showcases the industry-wide recognition of Linklogis’ achievements in the field of supply chain finance technology, as well as its leading position as a technology-driven market leader, excelling in both technological capabilities and operational services.
Linklogis was founded in Shenzhen in 2016 and was the first SaaS supply chain finance technology company in China that was successfully listed on the main board of the Hong Kong Stock Exchange in April 2021.
Besides, Linklogis is also the only supply chain finance technology company in China that has developed a complete global business layout.

Power Solutions International Announces Third Quarter 2023 Financial Results

Retrieved on:

木曜日, 11月 9, 2023

EBITDA, Uncommitted, Engineering, OTC Markets Group, Second, WOOD, Tax, Depreciation, Research, EPS, UFLPA, GAAP, Credit, Natural borrowing limit, Standard Chartered, Transport, Rare-earth element, Real estate, Adjustment

WOOD DALE, Ill., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces third quarter 2023 financial results.

Key Points:

WOOD DALE, Ill., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces third quarter 2023 financial results.
Gross profit increased by $3.8 million, or 16%, during the third quarter of 2023 as compared to the same period in the prior year.
Net income in the third quarter of 2023 was $7.8 million, or $0.34 per share, compared to net income of $3.2 million, or $0.14 per share for the third quarter of 2022.
The Company is working to mitigate the impact of this delay for the remainder of 2023 and going forward.