Citibank

Dr. Nana Banerjee joins Pelmorex as President and CEO

Retrieved on: 
Wednesday, April 19, 2023

Dr. Banerjee also joins the Pelmorex Board of Directors.

Key Points: 
  • Dr. Banerjee also joins the Pelmorex Board of Directors.
  • Pierre L. Morrissette, Executive Chair of the Board said, "After conducting an extensive search, the Board is extremely pleased to welcome Nana to the Pelmorex team.
  • Nana brings a wealth of experience and expertise in leading, innovating and scaling, information services and technology businesses globally.
  • Previously, he was a Board member, President and CEO of the global education company McGraw-Hill and as Group President of the leading data-analytics company Verisk (Nasdaq: VRSK).

Moxo selected as a finalist for 'Workflow Tech of the Future' at the 2023 Banking Tech Awards

Retrieved on: 
Tuesday, April 18, 2023

CUPERTINO, Calif., April 18, 2023 /PRNewswire/ -- Moxo was named a finalist for the category of "Workflow Tech of the Future" at the 2023 Banking Tech Awards by FinTech Futures.

Key Points: 
  • CUPERTINO, Calif., April 18, 2023 /PRNewswire/ -- Moxo was named a finalist for the category of "Workflow Tech of the Future" at the 2023 Banking Tech Awards by FinTech Futures.
  • Moxo was selected as a finalist in the "Workflow Tech of the Future" category.
  • A full listing of the 2023 Banking Tech Award finalists can be found here .
  • Moxo has powered digital client interaction processes for global financial organizations such as Standard Chartered, Citibank, MUFG, Van Lanschot, and Raiffeisen Bank International.

Clerkie raises $33M Series A funding from top investors to address the broken debt system

Retrieved on: 
Tuesday, April 18, 2023

SAN FRANCISCO, April 18, 2023 /PRNewswire/ -- Clerkie, the leading AI-powered financial automation platform, today announced its $33M Series A round led by Left Lane Capital with participation from other notable investors including Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures and Vestigo Ventures. Fintech visionaries David Velez, founder of Nubank, and Tom Proulx, founder of Intuit, also participated in the round. The company previously raised a $6M seed round during the pandemic and has now raised $41M to date. This time around, their impressive financial performance coupled with product differentiation led to an expedited and oversubscribed Series A financing. The funds will be used to grow the engineering team and rapidly scale the company's debt workout solutions to support more partners and help more borrowers.

Key Points: 
  • This time around, their impressive financial performance coupled with product differentiation led to an expedited and oversubscribed Series A financing.
  • Our goal is to support struggling American families by giving them better tools to responsibly fulfill their debt obligations and ease their debt burden."
  • As consumer debt delinquency rises, we believe technology that makes the lending system more efficient and effective for all parties will be critical.
  • Clerkie's debt automation platform is needed more now than ever and enables a true win-win outcome for lenders and borrowers alike."

 Citi Appointed as Depositary Bank for the GDR Programs of Zhejiang Supcon Technology Co., Ltd. and Yangzhou Yangjie Electronic Technology Co., Ltd.

Retrieved on: 
Tuesday, April 18, 2023

Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Supcon Technology Co., Ltd. (“Supcon”) and Yangzhou Yangjie Electronic Technology Co., Ltd. (“Yangjie”) to act as the Depositary Bank for their Global Depositary Receipt (“GDR”) Programs.

Key Points: 
  • Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Supcon Technology Co., Ltd. (“Supcon”) and Yangzhou Yangjie Electronic Technology Co., Ltd. (“Yangjie”) to act as the Depositary Bank for their Global Depositary Receipt (“GDR”) Programs.
  • Citi’s Issuer Services acts as the Depositary Bank for 17 out of 18 China Connect GDR Programs (including 5 Shanghai-London Stock Connect Programs and 12 China-Swiss Stock Connect Programs).
  • Supcon’s GDR Program was established in connection with a US$564.61 million initial public offering of its GDRs, priced at US$26.94 per GDR.
  • “We are pleased to be the Depositary Bank for Supcon and Yangjie, supporting their GDR programs.

From the Tax Law Offices of David W. Klasing - The IRS is Going After Clients of Panama Offshore Legal Services

Retrieved on: 
Tuesday, April 18, 2023

The Tax Law Office of David W. Klasing is here for all of your tax needs.

Key Points: 
  • The Tax Law Office of David W. Klasing is here for all of your tax needs.
  • That law firm, Panama Offshore Legal Services, has drawn the ire of the Southern District for their suspected assistance of U.S. taxpayers involved in illegal offshore tax evasion schemes.
  • No matter what your tax situation may be, the dual-certified tax attorneys and CPAs at the Tax Law Offices of David W. Klasing are ready to assist you.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

JOYY Inc. Announces Repurchase Right Notification for 0.750% Convertible Senior Notes due 2025

Retrieved on: 
Monday, April 17, 2023

The Repurchase Right entitles each holder of the 2025 Notes to require the Company to repurchase for cash on June 15, 2023 (the “Repurchase Date”), all of such holder's 2025 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2025 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2025 Notes.

Key Points: 
  • The Repurchase Right entitles each holder of the 2025 Notes to require the Company to repurchase for cash on June 15, 2023 (the “Repurchase Date”), all of such holder's 2025 Notes, or any portion thereof that is an integral multiple of US$1,000 principal amount, at a repurchase price that is equal to 100% of the principal amount of the 2025 Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the Repurchase Date, subject to the terms and conditions of the Indenture and the 2025 Notes.
  • The Repurchase Date is an interest payment date under the terms of the Indenture and the 2025 Notes.
  • If all outstanding 2025 Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash repurchase price will be US$432,232,000.
  • The offer to purchase the 2025 Notes will be only pursuant to, and the 2025 Notes may be tendered only in accordance with, the Company’s Repurchase Right Notice dated April 17, 2023 and related documents.

ACAMS APAC Conference Offers Plan to Fight Evolving Financial-Crime Threats in Asia

Retrieved on: 
Thursday, April 6, 2023

WASHINGTON, DC, April 05, 2023 (GLOBE NEWSWIRE) -- To support regional efforts to prevent illicit finance throughout Asia, ACAMS will host a special two-day training and networking event for its 14th Annual AML & Anti-Financial Crime Conference – APAC.

Key Points: 
  • WASHINGTON, DC, April 05, 2023 (GLOBE NEWSWIRE) -- To support regional efforts to prevent illicit finance throughout Asia, ACAMS will host a special two-day training and networking event for its 14th Annual AML & Anti-Financial Crime Conference – APAC.
  • In addition to networking with their peers, attendees will have the opportunity to pose compliance questions to representatives of the Asia/Pacific Group on Money Laundering (APG), Singapore Police Force, U.S.
  • “Anti-financial crime professionals throughout Asia are grappling with growing regulatory requirements and emerging illicit-finance threats that continue to reshape how AFC compliance is conducted,” said ACAMS CEO Scott Liles.
  • Members of the media in Singapore who wish to attend the conference in person, can register by sending an email request to [email protected] with their full name and the organization they represent.

Griffin Global Asset Management Upsizes Warehouse Facility to $2 Billion

Retrieved on: 
Wednesday, April 5, 2023

DUBLIN, Ireland, April 05, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) announced today that on April 4, 2023 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), have upsized its senior secured warehouse facility to $2 billion.

Key Points: 
  • DUBLIN, Ireland, April 05, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) announced today that on April 4, 2023 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), have upsized its senior secured warehouse facility to $2 billion.
  • “We are pleased to announce the upsizing of our warehouse facility to $2 billion, which doubles the size of the initial facility that was closed in 2021.
  • Griffin has continued to expand our banking group with the addition of Citi and SMBC along with the increased commitment from Bank of Montreal.
  • Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders.

Perseus Upsizes Corporate Debt Facility to US$300 million

Retrieved on: 
Sunday, April 2, 2023

Perth, Western Australia/April 3, 2023/African focused gold producer Perseus Mining Limited (ASX/TSX:PRU) is pleased to announce it has refinanced its existing syndicated debt facility to a US$300 million revolving corporate facility.

Key Points: 
  • Perth, Western Australia/April 3, 2023/African focused gold producer Perseus Mining Limited (ASX/TSX:PRU) is pleased to announce it has refinanced its existing syndicated debt facility to a US$300 million revolving corporate facility.
  • Perseus signs a US$300 million syndicated revolving corporate facility, replacing the existing US$150 million facility1
    Based on its 31 December 2022 Net Cash Position of US$405 million2,1, the refinanced facility provides Perseus with more than US$705 million of available liquidity with a three-year tenure to 31 March 2026
    Perseus expects a Final Investment Decision on its development of the Meyas Sand Gold Project in Sudan in CY2023.
  • The increased facility is available for general corporate purposes, subject to the satisfaction of certain customary conditions, and combined with Perseus’s 31 December 2022 net cash position of US$405 million, it provides the Company with more than US$705 million of available liquidity.
  • The tenure of the refinanced debt facility is three years to 31 March 2026.

iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 2.00% Convertible Senior Notes due 2025

Retrieved on: 
Friday, March 31, 2023

BEIJING, March 31, 2023 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 2.00% Convertible Senior Notes due 2025 (CUSIP No.

Key Points: 
  • BEIJING, March 31, 2023 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 2.00% Convertible Senior Notes due 2025 (CUSIP No.
  • 46267XAD0) (the “Notes”).
  • The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, March 30, 2023.
  • as the paying agent for the Notes, US$1,197,625,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer.