Fixed income analysis

Bank of America Announces Redemption of CAD500,000,000 Floating Rate Senior Notes due April 2022

Retrieved on: 
Tuesday, March 23, 2021
Banking, Professional services, Finance, Finance, Financial markets, Money, Bond valuation, Fixed income analysis, Financial regulation, International Securities Identification Number, CUSIP, Redemption, Certificate of deposit

Bank of America Corporation announced today that it will redeem on April 24, 2021 all CAD500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2022 (CUSIP No.

Key Points: 
  • Bank of America Corporation announced today that it will redeem on April 24, 2021 all CAD500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2022 (CUSIP No.
  • 060505FH2, ISIN: CA060505FH28) (the Notes), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of April 24, 2021.
  • Interest on the Notes will cease to accrue on the redemption date.
  • Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of CDS Clearing and Depository Services Inc.

Northview Canadian High Yield Residential Fund Announces March Distribution

Retrieved on: 
Tuesday, March 16, 2021
Financial markets, Fixed income analysis, Yield, Forward-looking statement

TORONTO , March 16, 2021 (GLOBE NEWSWIRE) -- Northview Canadian High Yield Residential Fund (the Fund) today announced its March 2021 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units Class (collectively, the Units), payable on April 15, 2021 to holders of Units of record at March 31, 2021.

Key Points: 
  • TORONTO , March 16, 2021 (GLOBE NEWSWIRE) -- Northview Canadian High Yield Residential Fund (the Fund) today announced its March 2021 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units Class (collectively, the Units), payable on April 15, 2021 to holders of Units of record at March 31, 2021.
  • Certain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements).
  • These forward-looking statements include, but are not limited to, the Funds plans, objectives, expectations and intentions, including with respect to the payment of distributions and the annualized pre-tax distribution yield.
  • To learn more about the Fund, visit www.northviewfund.com or contact:

OFS Capital Corporation Prices Public Offering of Additional $25 Million of 4.75% Notes Due 2026 with a Re-Offer Yield of Approximately 4.50%

Retrieved on: 
Monday, March 15, 2021
Finance, Public relations, Investor relations, Banking, Communications, Professional services, Liability, Bond valuation, Finance, Accrual, Accrued interest, Money, Fixed income analysis

The Notes will be issued at a price of 101.038% of the aggregate principal amount of the Notes, plus accrued interest, resulting in a re-offer yield of approximately 4.50%.

Key Points: 
  • The Notes will be issued at a price of 101.038% of the aggregate principal amount of the Notes, plus accrued interest, resulting in a re-offer yield of approximately 4.50%.
  • Purchasers will be required to pay accrued and unpaid interest on the Notes from February 10, 2021 up to (but excluding) the date of delivery of the Notes.
  • Upon the issuance of the Notes, the outstanding aggregate principal amount of the Companys 4.75% notes due 2026 will be $125 million.
  • The offering is subject to customary closing conditions and is expected to close on March 18, 2021.

Gran Colombia Announces Steps to Continue Strengthening Its Balance Sheet With Partial Early Redemptions of Its Long-Term Debt

Retrieved on: 
Thursday, March 11, 2021
Finance, Money, Financial markets, Corporate finance, Loans, Bond valuation, Fixed income analysis, Debt, Debenture, Convertible bond, Redemption

The Redemption Amount is equal to 10% of the aggregate principal amount of the Convertible Debentures which are currently outstanding.

Key Points: 
  • The Redemption Amount is equal to 10% of the aggregate principal amount of the Convertible Debentures which are currently outstanding.
  • The redemption price (the Redemption Price) will be CA$1,000.876712 for each CA$1,000 principal amount outstanding to holders of record as of February 28, 2021.
  • The Redemption Price is equal to the Redemption Amount plus accrued and unpaid interest.
  • Following the Amortizing Payment and the early optional redemption, there will be US$19,750,000 aggregate principal amount of Gold Notes issued and outstanding.

ION commences Exchange Offer and Consent Solicitation for 9.125% Second Lien Notes due 2021

Retrieved on: 
Wednesday, March 10, 2021
Fixed income analysis, Bond valuation, Financial markets

Payment of accrued and unpaid interest on the Old Notes accepted for exchange will be made in cash promptly after the Expiration Time.

Key Points: 
  • Payment of accrued and unpaid interest on the Old Notes accepted for exchange will be made in cash promptly after the Expiration Time.
  • The Notes will accrue interest at the rate of 8.0% per annum (as compared to the rate of 9.125% on the Old Notes).
  • The New Notes will mature on December15, 2025 (as compared to the maturity of the Old Notes on December15, 2021).
  • The Exchange Offer is being made, and the New Notes are being offered and issued, only to holders of Old Notes.

Parkland Announces $600 Million Offering of Senior Unsecured Notes

Retrieved on: 
Wednesday, March 10, 2021
Finance, Money, Financial markets, Bond valuation, Fixed income analysis, Redemption value, Redemption, Prospectus, Private placement

The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.

Key Points: 
  • The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.
  • Parkland also announced today that conditional redemption notices will be delivered for the full redemption of the 5.75% Senior Notes, with a redemption price of 102.875%, and the partial redemption of the 5.625% Senior Notes, with a redemption price of 102.813%.
  • The redemption date for the 5.75% Senior Notes will be April 9, 2021 and the redemption date for the 5.625% Notes will be May 9, 2021.
  • If Parkland is unable to complete the Offering and/or Redemptions, there could be a material adverse impact on Parkland and on the value of its securities.

Magnit announces the coupon yield payment

Retrieved on: 
Thursday, March 4, 2021
Finance, Bond valuation, Fixed income analysis, Magnit, Financial markets, Investment, Coupon, Bond, Yield, Financial economics

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 | March 4, 2021
    Krasnodar, Russia (March 4, 2021): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the 2nd coupon yield payment against bonds.
  • Please be informed that today PJSC Magnit fulfilled its obligation of the 2nd coupon yield payment against bonds of the BO-002P-01 series in the amount of 463,800,000 rubles.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Retrieved on: 
Monday, March 1, 2021
Professional services, Finance, Finance, Money, Economy, Financial markets, United States housing bubble, Private equity, Investment, Fixed income analysis, Yield, Bond, High-yield debt, Rate of return

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.

Citizens Bank, N.A. Announces Redemption of Senior Notes

Retrieved on: 
Friday, February 26, 2021
Banking, Professional services, Finance, Bond valuation, Fixed income analysis, Redemption, Salvation

today announced the redemption on April 13, 2021 (the Redemption Date) of all of its outstanding 2.550% Senior Notes due May 13, 2021 (CUSIP No.

Key Points: 
  • today announced the redemption on April 13, 2021 (the Redemption Date) of all of its outstanding 2.550% Senior Notes due May 13, 2021 (CUSIP No.
  • The redemption price for the Notes will be equal to 100% of principal amount of the Notes redeemed, plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date.
  • On and after the Redemption Date, the Notes will no longer be deemed outstanding and interest will no longer accrue on the Notes.
  • Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company.

Magnit announces the coupon yield payment and the redemption of the nominal value of the exchange-traded bonds

Retrieved on: 
Wednesday, February 24, 2021
Bond valuation, Finance, Financial markets, Fixed income analysis, Investment, Magnit, Coupon, Bond, Yield, Nominal yield

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 | February 24, 2021
    Krasnodar, Russia (February 24, 2021): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the 4th coupon yield payment and the redemption of the nominal value of exchange-traded bonds.
  • Please be informed that today PJSC "Magnit" fulfilled its obligation of the 4thcoupon yield payment in the amount of 423,800,000 rubles and the redemption of the nominal value of exchange-traded bonds of the BO-003P-02 series.