Fixed income analysis

Essex Property Trust Prices $300 Million of Senior Notes

Retrieved on:

Monday, May 17, 2021

REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, Finance, Money, Financial markets, Fixed income analysis, Debt, Senior debt, Yield, Issuer

b'Essex Property Trust, Inc. (NYSE:ESS) announced today that its operating partnership, Essex Portfolio, L.P. (the \xe2\x80\x9cIssuer\xe2\x80\x9d), priced an underwritten public offering of $300 million aggregate principal amount of 2.550% senior notes due 2031 (the \xe2\x80\x9cNotes\xe2\x80\x9d).

Key Points:

b'Essex Property Trust, Inc. (NYSE:ESS) announced today that its operating partnership, Essex Portfolio, L.P. (the \xe2\x80\x9cIssuer\xe2\x80\x9d), priced an underwritten public offering of $300 million aggregate principal amount of 2.550% senior notes due 2031 (the \xe2\x80\x9cNotes\xe2\x80\x9d).
The Notes were priced at 99.367% of par value with a yield to maturity of 2.622%.
The Notes mature on June 15, 2031.
The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex Property Trust, Inc.

Constellium Launches Proposed Sustainability-Linked Senior Notes Offering

Retrieved on:

Monday, May 17, 2021

Bond valuation, Fixed income analysis, Redemption value, Redemption

Concurrently with the launch of the Notes Offering, the Company called for redemption, subject to certain conditions, all of the outstanding Notes (the \xe2\x80\x9cRedemption\xe2\x80\x9d).

Key Points:

Concurrently with the launch of the Notes Offering, the Company called for redemption, subject to certain conditions, all of the outstanding Notes (the \xe2\x80\x9cRedemption\xe2\x80\x9d).
There can be no assurance that Constellium will successfully complete the Notes Offering or the Redemption on the terms described herein or at all.\nThe Company expects the redemption date for the 2024 Notes to occur on June 16, 2021 (the \xe2\x80\x9cRedemption Date\xe2\x80\x9d).
The redemption price for the 2024 Notes is 100.958% of the aggregate principal amount of the outstanding 2024 Notes redeemed, plus accrued and unpaid interest, if any, to the Redemption Date.
Consequently, actual results may differ materially from the forward-looking statements contained in this press release.

UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes

Retrieved on:

Friday, May 7, 2021

Banking, Professional services, Finance, Finance, Money, Investment, Fixed income analysis, Bond valuation, Subprime mortgage crisis, UBS, Warburg family, Coupon, Current yield, Yield, European Telephony Numbering Space, ETRACS, UBS, ETRACS, UBS

The Current Yield is not indicative of future coupon payments, if any, on the ETN.

Key Points:

The Current Yield is not indicative of future coupon payments, if any, on the ETN.
As such, the Current Yield for each is not indicative of future coupon payments, if any, on these ETNs.\nETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor.
The applicable offering document for each ETRACS may be obtained by clicking on the name of each ETRACS identified above.
The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS.

Magnit announces the coupon yield payment

Retrieved on:

Tuesday, May 4, 2021

Finance, Bond valuation, Fixed income analysis, Financial markets, Investment, Magnit, Bond, Coupon, Yield, Financial economics

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nKrasnodar, Russia (May 4, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia\'s leading retailers, announces the 3rd coupon yield payment against bonds.\nPlease be informed that today PJSC Magnit fulfilled its obligation of the 3rd coupon yield payment against bonds of the BO-003P-04 series in the amount of 344,100,000 rubles.\nNon-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003P-04 series to the bearer with obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number 4-60525-P-003P-02E of 30.01.2018, International Securities Identification Number (ISIN) RU000A100ZS3\nRegistration number of the securities issue and the date of its assignment:\nReporting (coupon) period which the yield is paid for:\nThe total amount of the interest to be paid against bonds:\nThe amount of the interest to be paid against one bond:\nThe total number of bonds against which the yield is paid:\nThe date of the obligation fulfilment:\nThe total amount of the interest paid against bonds following the reporting period:\nFollowing the 3rd coupon period the amount of 344,100,000.00 (Three hundred and forty four million one hundred thousand) rubles was paid excluding tax and other deductions.

Key Points:

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nKrasnodar, Russia (May 4, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia\'s leading retailers, announces the 3rd coupon yield payment against bonds.\nPlease be informed that today PJSC Magnit fulfilled its obligation of the 3rd coupon yield payment against bonds of the BO-003P-04 series in the amount of 344,100,000 rubles.\nNon-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003P-04 series to the bearer with obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number 4-60525-P-003P-02E of 30.01.2018, International Securities Identification Number (ISIN) RU000A100ZS3\nRegistration number of the securities issue and the date of its assignment:\nReporting (coupon) period which the yield is paid for:\nThe total amount of the interest to be paid against bonds:\nThe amount of the interest to be paid against one bond:\nThe total number of bonds against which the yield is paid:\nThe date of the obligation fulfilment:\nThe total amount of the interest paid against bonds following the reporting period:\nFollowing the 3rd coupon period the amount of 344,100,000.00 (Three hundred and forty four million one hundred thousand) rubles was paid excluding tax and other deductions.
Obligation has been fulfilled in full.\n'

Magnit announces the coupon yield payment

Retrieved on:

Wednesday, April 28, 2021

Finance, Bond valuation, Fixed income analysis, Financial markets, Investment, Coupon, Bond, Magnit, Yield, Financial economics

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nKrasnodar, Russia (April 28, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia\'s leading retailers, announces the 2nd coupon yield payment against bonds.\nPlease be informed that today PJSC Magnit fulfilled its obligation of the 2nd coupon yield payment against bonds of the BO-002P-02 series in the amount of 334,100,000 rubles.\nNon-convertible interest-bearing uncertified exchange-traded bonds of PJSC "Magnit" of the BO-002P-02 series to the bearer with centralized registration of rights, placed under the Program of the exchange-traded bonds with the identification number\nRegistration number of the securities issue and the date of its assignment:\nReporting (coupon) period which the yield is paid for:\nThe total amount of the interest to be paid against bonds:\nThe amount of the interest to be paid against one bond:\nThe total number of bonds against which the yield is paid:\nThe date of the obligation fulfilment:\nThe total amount of the interest paid against bonds following the reporting period:\nFollowing the 2nd coupon period the amount of 334,100,000.00 (Three hundred and thirty four million one hundred thousand) rubles was paid excluding tax and other deductions.

Key Points:

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nKrasnodar, Russia (April 28, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia\'s leading retailers, announces the 2nd coupon yield payment against bonds.\nPlease be informed that today PJSC Magnit fulfilled its obligation of the 2nd coupon yield payment against bonds of the BO-002P-02 series in the amount of 334,100,000 rubles.\nNon-convertible interest-bearing uncertified exchange-traded bonds of PJSC "Magnit" of the BO-002P-02 series to the bearer with centralized registration of rights, placed under the Program of the exchange-traded bonds with the identification number\nRegistration number of the securities issue and the date of its assignment:\nReporting (coupon) period which the yield is paid for:\nThe total amount of the interest to be paid against bonds:\nThe amount of the interest to be paid against one bond:\nThe total number of bonds against which the yield is paid:\nThe date of the obligation fulfilment:\nThe total amount of the interest paid against bonds following the reporting period:\nFollowing the 2nd coupon period the amount of 334,100,000.00 (Three hundred and thirty four million one hundred thousand) rubles was paid excluding tax and other deductions.
Obligation has been fulfilled in full.\n'

ZIM Announces Full Early Redemption of $349 Million Principal Amount of Series 1 and 2 Notes Due 2023

Retrieved on:

Thursday, April 22, 2021

Bond valuation, Fixed income analysis, Redemption value, Bō

With significant financial strength and a differentiated, proven approach, we remain in a strong position to capitalize on favorable container liner shipping fundamentals for the benefit of our shareholders.

Key Points:

With significant financial strength and a differentiated, proven approach, we remain in a strong position to capitalize on favorable container liner shipping fundamentals for the benefit of our shareholders.
"\nThis early redemption constitutes 100% of the outstanding Notes.
Pursuant to the Indenture, the redemption date is set for June 21, 2021 (the "Redemption Date").
These statements are only predictions based on the Company\'s current expectations and projections about future events or results.

Credit Suisse Announces Coupon Amount on its Credit Suisse S&P MLP Index ETN (ticker symbol "MLPO").

Retrieved on:

Tuesday, April 6, 2021

Finance, Money, Financial markets, Bond valuation, Exchange-traded note, Fixed income analysis, Credit risk, Coupon, Current yield, Credit Suisse

The Current Yield, which is based on the ETN's Coupon Amount, is not indicative of future quarterly Coupon Amounts, if any, on the ETNs.

Key Points:

The Current Yield, which is based on the ETN's Coupon Amount, is not indicative of future quarterly Coupon Amounts, if any, on the ETNs.
There can be no assurance that the MLPs included in the index will make any distributions in any future period.
Any payment on the ETN is subject to Credit Suisse's ability to pay its obligations as they become due.
The ETNs are subject to the credit risk of Credit Suisse.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Retrieved on:

Thursday, April 1, 2021

Professional services, Finance, Finance, Money, Economy, United States housing bubble, Private equity, Fixed income analysis, Yield, Bond, High-yield debt, Bond fund, Real estate mortgage investment conduit

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.

Mulvihill Premium Yield Announces Year End Results

Retrieved on:

Wednesday, March 24, 2021

Fixed income analysis, Financial markets, Yield, Crop yield, Economy, Academic disciplines

TORONTO, March 24, 2021 (GLOBE NEWSWIRE) -- Mulvihill Premium Yield Fund (the Fund) announces results of operations for the year ended December 31, 2020.

Key Points:

TORONTO, March 24, 2021 (GLOBE NEWSWIRE) -- Mulvihill Premium Yield Fund (the Fund) announces results of operations for the year ended December 31, 2020.
Distributions paid to Class I units, Class F units, and Class A units were of $0.50 per Class I unit, $0.50 per Class F unit and $0.50 per Class A unit during the year.
The Fund seeks to achieve a 5 percent yield, with additional capital growth potential beyond such yield target.
The Class F and Class A units are available on Fundserv under the codes MCM103 and MCM101 respectively.

Issue of an Optional Redemption Notice in relation Convertible Bonds due 2022

Retrieved on:

Wednesday, March 24, 2021

Financial markets, Finance, Financial economics, Convertible bond, Corporate finance, Bond, Bond valuation, Coupon, Zero-coupon bond, Options, Fixed income analysis

The issuer is solely responsible for the content of this announcement.

Key Points:

The issuer is solely responsible for the content of this announcement.
Issue of an Optional Redemption Notice in relation to U.S. $250,000,000 Zero Coupon Convertible Bonds due 2022 (the "Bonds") issued by Abigrove Limited (the "Issuer") and guaranteed by PAO Severstal (the "Company")
The Issuer announces today an Optional Redemption Notice to exercise the Redemption at the option of the Issuer in relation to U.S. $250,000,000 Zero Coupon Convertible Bonds due 2022 in accordance with article 9(B)(i) of Terms & Conditions of the Bonds.
28th April 2021 is set as Early Redemption Date, on which the Issuer will redeem the Bonds then outstanding at 100% of their Principal Amount.
Bondholders will have the right, subject to a cash settlement option at the discretion of the Issuer, to convert their bonds into GDRs.