Bond valuation

Magnit announces the coupon yield payment

Retrieved on: 
Wednesday, August 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.
  • Krasnodar, Russia (August 03, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the 5th coupon yield payment against bonds.
  • Please be informed that today PJSC "Magnit" fulfilled its obligation of the 5th coupon yield payment against bonds of the BO-003P-01 series in the amount of 433,800,000 rubles.

Independence Realty Trust, Inc. Announces Public Offering of 14,000,000 Shares of Common Stock

Retrieved on: 
Monday, July 26, 2021
Professional services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, REIT, Finance, Money, Financial markets, Corporate finance, Stock market, Bond valuation, Par value, Valuation, Interborough Rapid Transit Company, Citigroup, Stock, Capital market

Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below.

Key Points: 
  • Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that it is commencing an underwritten public offering of 14,000,000 shares of common stock, par value $0.01 per share, in connection with the forward sale agreements described below.
  • IRT expects to grant the underwriters a 30-day option to purchase up to 2,100,000 additional shares of common stock.
  • Barclays, BMO Capital Markets and Citigroup are acting as joint book-running managers of the offering.
  • IRT will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers or their affiliates in the offering.

Novelis Announces Pricing of Offering of $750 Million of Senior Notes due 2026 and $750 Million of Senior Notes due 2031

Retrieved on: 
Monday, July 26, 2021
Finance, Money, Economy, Aditya Birla Group, Hindalco Industries, Bond valuation, Novelis, Valuation, Interest rate, Interest, Par value

The 2026 Notes were priced at par value and will bear an interest rate of 3.250% per annum.

Key Points: 
  • The 2026 Notes were priced at par value and will bear an interest rate of 3.250% per annum.
  • The 2031 Notes were priced at par value and will bear an interest rate of 3.875% per annum.
  • The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain of Novelis' subsidiaries.
  • Novelis expects to close the offering of the Notes on August 11, 2021, subject to the satisfaction of customary closing conditions.

Bombardier Announces Redemption Price Calculation in Respect of its 5.750% Senior Notes Due 2022

Retrieved on: 
Tuesday, July 20, 2021
Financial markets, Finance, Bond valuation, Fixed income analysis, Redemption value, Bombardier Inc., Redemption, Companies of Canada

MONTRAL, July 19, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 22, 2021 (the Notice) relating to all of its outstanding 5.750% Senior Notes due 2022 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.

Key Points: 
  • MONTRAL, July 19, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 22, 2021 (the Notice) relating to all of its outstanding 5.750% Senior Notes due 2022 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.
  • The redemption price for the Notes will be US$1,053.81 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.53 per US$1,000.00 (based on a Treasury Rate of 0.054%, as calculated by Bombardier on July 19, 2021), plus US$20.28 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.
  • The redemption date for the Notes is July 22, 2021, as set forth in the Notice.
  • Certain statements in this announcement are forward-looking statements based on current expectations.

Turkiye Garanti Bankasi A.S.: Coupon payment of Subordinated Debt Securities to Qualified Investors

Retrieved on: 
Thursday, July 8, 2021
Bond valuation, Coupon, Financial markets, Finance, Money, Fixed rate bond, Bond

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.
  • The seventh coupon payment of the subordinated Debt Securities that meet the criteria for the inclusion in Tier 2 Capital in the nominal value of TRY 252,880,000 with a maturity of 3651 days with 3 months coupon payments indexed to BIST TLREF index; is done on 07.07.2021.

Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")

Retrieved on: 
Tuesday, July 6, 2021
Financial markets, Finance, Fixed income analysis, Bond valuation, Money, Coupon, Current yield, Yield, Exchange-traded note

The

Key Points: 
  • The
    Current Yield, which is based on an ETN's Coupon Amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on the
    ETNs.
  • Coupon payments for the ETNs (if any) are variable and do not represent
    fixed, periodic interest payments.
  • The Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero.
  • The Expected Current Yield, which is based on an ETN's Expected Coupon Amount and its two most recent coupon payments, is not indicative of
    future coupon payments, if any, on the ETNs.

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

Retrieved on: 
Tuesday, July 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.

Bombardier Announces Redemption Price Calculation in respect of its 8.750% Senior Notes due 2021

Retrieved on: 
Tuesday, June 29, 2021
Financial markets, Finance, Bond valuation, Fixed income analysis, Redemption value, Bombardier Inc., Redemption, Companies of Canada

MONTRAL, June 28, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 3, 2021 (the Notice) relating to all of its outstanding 8.750% Senior Notes due 2021 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.

Key Points: 
  • MONTRAL, June 28, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 3, 2021 (the Notice) relating to all of its outstanding 8.750% Senior Notes due 2021 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.
  • The redemption price for the Notes will be US$1,041.39 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.86 per US$1,000.00 (based on a Treasury Rate of 0.051%, as calculated by Bombardier on June 28, 2021), plus US$7.53 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.
  • The redemption date for the Notes is July 2, 2021, as set forth in the Notice.
  • Certain statements in this announcement are forward-looking statements based on current expectations.

Magnit announces the coupon yield payment

Retrieved on: 
Thursday, June 24, 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.
  • Krasnodar, Russia (June 24, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the 3rd coupon yield payment against bonds.
  • Please be informed that today PJSC "Magnit" fulfilled its obligation of the third coupon yield payment against bonds of the BO-003P-05 series in the amount of 329,100,000 rubles.

Best’s Special Report: An Approach to Comparing Insurers’ Interest Rate Assumption Changes

Retrieved on: 
Wednesday, June 23, 2021
Insurance, Professional services, Finance, Money, Annuities, Economy, Actuarial science, Fixed income analysis, Mathematical finance, Bond valuation, Life annuity, Bond duration, Insurance, Interest rate

AM Best believes using a 20-year annuity factor facilitates a level playing field in comparing the conservatism of insurers GAAP interest rate assumptions embedded in their reserve calculations.

Key Points: 
  • AM Best believes using a 20-year annuity factor facilitates a level playing field in comparing the conservatism of insurers GAAP interest rate assumptions embedded in their reserve calculations.
  • In a new Bests Special Report, An Approach to Comparing Insurers Interest Rate Assumption Changes, AM Best notes that the long-term low interest rate environment has been a challenge for life and annuity insurers with regard to the interest rate assumption they use to calculate reserves.
  • The 20-year annuity factor approach generates a comprehensive metric that allows AM Best to compare all ultimate discount rate yield curves across the life/annuity industry.
  • The reserves may be more sensitive to changes in interest assumptions for companies with longer duration products than those with shorter duration products.