Fixed income analysis

Magnit announces the coupon yield payment

Retrieved on: 
Wednesday, October 28, 2020
Finance, Bond valuation, Magnit, Fixed income analysis, Coupon, Investment, 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 | 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

Retrieved on: 
Wednesday, October 21, 2020
Finance, Money, Investment, Bond, Bond valuation, Fixed income analysis, Financial markets, Coupon, Yield, Security

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

Retrieved on: 
Wednesday, October 14, 2020
Residential Building & Real Estate, Construction & Property, REIT, Bond valuation, Fixed income analysis, Yield to maturity

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

Retrieved on: 
Monday, October 12, 2020
Finance, Money, Bond valuation, Fixed income analysis, Bond, Financial markets, Coupon, Security, Yield, Bearer bond

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

Retrieved on: 
Monday, October 12, 2020
Finance, Money, Financial markets, Bond, Fixed income analysis, Bond valuation, Security, Bearer bond, Yield, Coupon, International Securities Identification Number

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.

ICD, American Honda, California ISO, MGM to Talk Treasury Investments at AFP

Retrieved on: 
Wednesday, October 7, 2020
Financial markets, Fixed income analysis, Yield

Slotted under the AFP 2020's Capital Markets & Investments track, the session will emphasize how misalignment between investment strategies and operational strategies can cause treasury organizations to miss out on yield or risk working cash.

Key Points: 
  • Slotted under the AFP 2020's Capital Markets & Investments track, the session will emphasize how misalignment between investment strategies and operational strategies can cause treasury organizations to miss out on yield or risk working cash.
  • Speakers will share how they align their short-term investment objectives with the needs of their very different businesses operations.
  • To join the session, visit AFP Online , and to participate in other ICD events, visit ICD's virtual booth .
  • Through our Global Trade Desk, located in London, Boston and San Francisco, we offer follow-the-sun support and expert service.

C-Tracks ETNs linked to the Miller/Howard MLP Fundamental Index, Series B (MLPE) To Pay Quarterly Coupon

Retrieved on: 
Tuesday, October 6, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Financial markets, Fixed income analysis, Bond valuation, Investment, Yield, Rate of return, Coupon, Alerian

This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Key Points: 
  • This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
  • Based on their closing price on October 5, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 12.30%.
  • The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on October 5, 20201.
  • The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Retrieved on: 
Thursday, October 1, 2020
Banking, Professional services, Finance, Finance, Money, Investment, Financial markets, Investment funds, Financial District, San Francisco, Wells Fargo, Bond market, Fixed income analysis, Bond fund, Yield, Companies listed on the New York Stock Exchange

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.

C-Tracks ETNs linked to the Miller/Howard MLP Fundamental Index (MLPC) To Pay Quarterly Coupon

Retrieved on: 
Monday, September 28, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Fixed income analysis, Financial markets, Bond valuation, Investment, Yield, Rate of return, Coupon, Alerian

This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Key Points: 
  • This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
  • Based on their closing price on September 25, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 13.15%.
  • The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN.
  • The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.

Genel Energy PLC: Successful completion of bond issuance

Retrieved on: 
Friday, September 25, 2020
Bond, Fixed income analysis, Genel Energy, Bond valuation

Genel Energy plc ('Genel' or 'the Company') has successfully completed the issuance of a new $300 million senior unsecured bond with maturity in October 2025.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') has successfully completed the issuance of a new $300 million senior unsecured bond with maturity in October 2025.
  • The new bond will have a fixed coupon of 9.25% per annum.
  • Genel has the option to call the outstanding bond amount in December 2020 at a price equal to 105% of the nominal amount.
  • Pareto Securities acted as bookrunner and manager for the bond issue.