Fixed income analysis

UDR Prices $350 Million of 1.900% Senior Unsecured Medium-Term Notes Due 2033 and Announces Redemption of All Outstanding 3.750% Senior Unsecured Notes Due July 2024

Monday, November 30, 2020 - 9:16pm

The notes were priced at 99.578% of the principal amount, plus accrued interest from December 14, 2020 to yield 1.939% to maturity.

Key Points: 
  • The notes were priced at 99.578% of the principal amount, plus accrued interest from December 14, 2020 to yield 1.939% to maturity.
  • Interest on the notes is payable semiannually on March 15 and September 15 with the first interest payment on March 15, 2021.
  • The notes will mature on March 15, 2033 unless redeemed prior to that date.
  • The Company also announced that it will redeem the remaining $183 million aggregate principal amount of its outstanding 3.750% medium-term notes due July 2024 (CUSIP No.

Magnit announces the coupon yield payment

Friday, November 20, 2020 - 3:06pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Press Release | Krasnodar | November 19, 2020
    Krasnodar, Russia (November 19, 2020): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the first coupon yield payment against bonds.
  • Please be informed that today PJSC "Magnit" fulfilled its obligation of the first coupon yield payment against bonds of the BO-002P-03 series in the amount of 441,300,000 rubles.

Magnit announces the coupon yield payment

Tuesday, November 3, 2020 - 2:08pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Press Release | Krasnodar | November 3, 2020
    Krasnodar, Russia (November 3, 2020): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the second coupon yield payment against bonds.
  • Please be informed that today PJSC "Magnit" fulfilled its obligation of the second coupon yield payment against bonds of the BO-003P-04 series in the amount of 344,100,000 rubles.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Monday, November 2, 2020 - 9:07pm

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Monday, November 2, 2020 - 11:45am

The distribution is expected to be paid from net investment income (regular interest and dividends).

Key Points: 
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.
  • An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.

Magnit announces the coupon yield payment

Wednesday, October 28, 2020 - 3:04pm

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Press Release | Krasnodar | October 28, 2020
    Krasnodar, Russia (October 28, 2020): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the 1st coupon yield payment against bonds.
  • Please be informed that today PJSC Magnit fulfilled its obligation of the 1st coupon yield payment against bonds of the BO-002P-02 series in the amount of 334,100,000 rubles.

PJSC RusHydro: RusHydro paid coupons on series 09 bonds

Wednesday, October 21, 2020 - 8:01am

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 09 bonds (identification number 4-09-55038-E of December 27, 2012).

Key Points: 
  • PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 09 bonds (identification number 4-09-55038-E of December 27, 2012).
  • Total number of the issuer's securities (number of bonds of the corresponding issue (series), yield upon which was payable): seven hundred sixty six thousand and six hundred eighty seven (766,687) Bonds.
  • Date as of which the persons entitled to receive yield paid upon the issuer's securities were determined: October 19, 2020.
  • If yield upon the Issuer's securities was not paid in full by the Issuer, please specify the reasons for such nonpayment: yield upon the Issuer's Bonds for the 11th coupon period has been paid in full.

The New Home Company Inc. Announces Pricing of Offering of 7.25% Senior Notes Due 2025

Wednesday, October 14, 2020 - 9:10pm

The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it has priced a private offering of $250.0 million in aggregate principal amount of 7.25% senior notes due 2025 (the 2025 notes).

Key Points: 
  • The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it has priced a private offering of $250.0 million in aggregate principal amount of 7.25% senior notes due 2025 (the 2025 notes).
  • The 2025 notes will be issued at an offering price of 100% of their face amount, which represents a yield to maturity of 7.25%.
  • The Company expects to close this offering on October 28, 2020, subject to the satisfaction of customary closing conditions.
  • The Company intends to use the net proceeds from this offering, together with cash on hand, to fund the redemption of all of the Companys outstanding 7.25% senior unsecured notes due 2022 and pay related fees and expenses.

PJSC RusHydro: RusHydro paid coupons on series 02 bonds

Monday, October 12, 2020 - 4:04pm

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 02 bonds (state registration number 4-02-55038-E of September 23, 2010).

Key Points: 
  • PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 02 bonds (state registration number 4-02-55038-E of September 23, 2010).
  • Type, category (class), series, and other identification attributes of the issuer's securities upon which the yield was accrued: certificated interest-bearing nonconvertible bearer bonds with mandatory centralized custody, series 02 bonds with the possibility of early redemption at the request of the holders and at the discretion of the Issuer, ISIN - RU000A0JRFP6 (the "Bonds").
  • Total number of the issuer's securities (number of bonds of the corresponding issue (series), yield upon which was payable): one hundred sixty thousand seven hundred sixty (160 760) Bonds.
  • If yield upon the Issuer's securities was not paid in full, please specify the reasons for such nonpayment: yield upon the Issuer's Bonds for the 19th coupon period has been paid in full.

PJSC RusHydro: RusHydro paid coupons on series 01 bonds

Monday, October 12, 2020 - 4:04pm

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 01 bonds (state registration number 4-01-55038-E of September 23, 2010).

Key Points: 
  • PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has paid coupons on series 01 bonds (state registration number 4-01-55038-E of September 23, 2010).
  • Type, category (class), series, and other identification attributes of the issuer's securities upon which the yield was accrued: certificated interest-bearing nonconvertible bearer bonds with mandatory centralized custody, series 01 bonds with the possibility of early redemption at the request of the holders and at the discretion of the Issuer, ISIN - RU000A0JRFN1 (the "Bonds").
  • Total number of the issuer's securities (number of bonds of the corresponding issue (series), yield upon which was payable): eighty-nine thousand one hundred seventy-nine (89,179) Bonds.
  • Date as of which the persons entitled to receive yield paid upon the issuer's securities were determined: October 01, 2020.