Corporate bond

State Street Global Advisors Launches SPDR® MarketAxess Investment Grade 400 Corporate Bond ETF

Retrieved on: 
Thursday, May 12, 2022

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) .

Key Points: 
  • State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) .
  • The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF seeks to track the MarketAxess U.S. Investment Grade 400 Corporate Bond Index.
  • For more information on the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF, visit www.ssga.com/etfs .
  • Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation.

DGAP-News: ​​​​​​​OLB appoints Chris Eggert to the Management Board as Chief Risk Officer

Retrieved on: 
Tuesday, May 10, 2022

The Supervisory Board of Oldenburgische Landesbank AG (OLB) has appointed Chris Eggert to the Banks Management Board.

Key Points: 
  • The Supervisory Board of Oldenburgische Landesbank AG (OLB) has appointed Chris Eggert to the Banks Management Board.
  • Subject to the approval of the supervisory authorities, the 49-year-old executive will assume responsibility for Credit Risk Management, Risk Controlling, and Restructuring as Chief Risk Officer (CRO) as of June 1, 2022.
  • Chris Eggert currently heads OLBs Credit Risk Management functions as General Manager.
  • Chris Eggert is a proven expert in risk management who knows OLB and its customers extremely well and has demonstrated his competence in many years of successful work for the Bank.

LedgerEdge Launches First Regulated Distributed Ledger Trading Platform for Corporate Bonds

Retrieved on: 
Monday, May 9, 2022

LedgerEdge, the next-generation ecosystem for trading, announced that it is live with the first regulated corporate bond trading platform built using distributed ledger technology (DLT), the technology underpinning blockchain ecosystems and digital markets.

Key Points: 
  • LedgerEdge, the next-generation ecosystem for trading, announced that it is live with the first regulated corporate bond trading platform built using distributed ledger technology (DLT), the technology underpinning blockchain ecosystems and digital markets.
  • View the full release here: https://www.businesswire.com/news/home/20220508005035/en/
    LedgerEdge Launches First Regulated Distributed Ledger Trading Platform for Corporate Bonds (Graphic: Business Wire)
    LedgerEdges digital market is a decentralized system that is fully regulated by the Financial Conduct Authority as a Multilateral Trading Facility (MTF).
  • The first fully regulated bond trading platform built on distributed ledger technology is an important milestone for the industry, said David Nicol, CEO and Co-Founder, LedgerEdge.
  • Founded in 2020 to improve engagement between market participants, starting with corporate bond trading, LedgerEdge is the next generation ecosystem for trading corporate bonds - powered by secure, trusted, and cutting-edge technology.

DGAP-News: OLB reaps benefits of its streamlining measures starting with a strong financial performance into the year

Retrieved on: 
Thursday, May 5, 2022

OLB has made significant progress through its continued focus on cost discipline and sustainable growth, with its restructuring program starting to show full effect.

Key Points: 
  • OLB has made significant progress through its continued focus on cost discipline and sustainable growth, with its restructuring program starting to show full effect.
  • Regarding the branch restructuring, OLB has already achieved the 2022 year-end target of 40 branches as of the end of March.
  • Strong financial performance with a well-balanced, streamlined business model
    Our strong first quarter results clearly underline that OLB delivers strong financial performance across all metrics.
  • OLB supports its strategic growth course by actively diversifying its refinancing base over and beyond the strong customer deposit base.

Northern Trust Pension Universe Data: Canadian Pension Plan Returns Retreat Amidst Market Uncertainty During the First Quarter Of 2022

Retrieved on: 
Friday, April 22, 2022

Canadian Pension Plans experienced a pullback in investment returns during the first quarter of 2022 as markets entered a heightened period of uncertainty, according to the Northern Trust Canada Universe.

Key Points: 
  • Canadian Pension Plans experienced a pullback in investment returns during the first quarter of 2022 as markets entered a heightened period of uncertainty, according to the Northern Trust Canada Universe.
  • These mounting tensions cast a new level of uncertainty across global markets, which rippled across Canadian pension plan returns as witnessed by the sharp decline in the median return for the period.
  • The Northern Trust Canada universe tracks the performance of Canadian institutional defined benefit plans that subscribe to performance measurement services as part of Northern Trusts asset service offerings.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined 7.0% for the quarter.

Nexo Launches First Card Backed by a Crypto Credit Line With Mastercard and DiPocket

Retrieved on: 
Wednesday, April 13, 2022

Nexo , the leading regulated institution for digital assets, today officially launched the Nexo Card , a first-of-its-kind crypto-backed Mastercard card, in select European markets.

Key Points: 
  • Nexo , the leading regulated institution for digital assets, today officially launched the Nexo Card , a first-of-its-kind crypto-backed Mastercard card, in select European markets.
  • View the full release here: https://www.businesswire.com/news/home/20220413005403/en/
    The Nexo Card the first crypto-backed card that allows users to spend without selling their digital assets.
  • Nexo has teamed up with DiPocket, Nexos card issuer for the new offering in Europe, and Mastercard as the tech company and payment network, to offer various innovative features for the Nexo Card:
    Your Crypto Stays: The Nexo Card is linked to a Nexo-provided, crypto-backed credit line that starts and stays at 0% APR*.
  • 2% Crypto Rewards: Every Nexo Card transaction is equipped with instant crypto cashback, paid out in Bitcoin or in Nexos native NEXO Token.

Fides Accelerates Global Business Growth, Adding and Expanding Customer Implementations

Retrieved on: 
Tuesday, April 12, 2022

ZURICH, April 12, 2022 /PRNewswire-PRWeb/ -- Fides Treasury Services Ltd., the global leader in multibank connectivity and communications, today announced that in the past year it has onboarded and extended a total of 186 projects. These results reflect the investment the company has put into its solutions and teams to support business growth.

Key Points: 
  • In addition to new business, numerous clients have opted to expand their relationship with Fides, increasing the scope of their implementations.
  • These organizations have expanded their relationships with Fides to add more banking partners and increase global banking coverage.
  • In the past year, Fides has increased its global footprint, adding to its teams including hiring industry sales veteran Mark O'Toole to head sales and business development efforts in North America.
  • Whether you are using a TMS, ERP, the Fides Multibanking Suite, or any combination, Fides is the only connectivity platform you need.

DGAP-News: EUSOLAG European Solar AG issues a Green bond 2022/2027

Retrieved on: 
Friday, April 1, 2022

to Article 17 MAR of the Regulation (EU) No 596/2014

Key Points: 
  • to Article 17 MAR of the Regulation (EU) No 596/2014
    Frankfurt, 29th March 2022 - EUSOLAG European Solar AG, a specialist investor focusing on building up a portfolio of photovoltaic farms has issued a corporate bond to support planned growth activities.
  • The Corporate Bond has a tenor of 5 years and a coupon of 6.25% p.a., paid out annually in arrears.
  • The Green Energy-Liberty" Bond is issued under a Green Bond Framework of the Issuer, certified with a Second Party Opinion by ISS ESG.
  • To further support portfolio growth, the company may keep issuing tranches of its corporate bond 2022/2027 up to a total volume of EUR 125 Million.

Global Green Bond Market Report 2022: Analysis by Type of Issuer, Sector, & Region - Market Insights and Forecast 2017-2021 & 2022-2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, March 18, 2022

The "Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Green Bond Market was valued at USD 433.30 Billion in the year 2021.
  • Green bonds are used to fund green projects such as renewable energy, clean transportation, and long-term water management.
  • Europe is estimated to hold the maximum share in the global Green Bond Market in 2021.

One Heritage Group plc: Delayed admission of Corporate Bond

Retrieved on: 
Thursday, March 17, 2022

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is delaying the admission of the Corporate Bond from 17 March 2022 to 18 March 2022.
  • The intention to issue a corporate bond was announced to the market on 14 March 2022.