Bond valuation

Kroll Bond Rating Agency Upgrades Pinnacle Credit Ratings to A- and BBB+

Retrieved on:

Friday, June 18, 2021

Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Bond credit rating, Bond market, Bond valuation, Credit rating, Credit risk, Investment, Credit rating agency, NASDAQ, KBRA

Kroll Bond Rating Agency (KBRA) recently upgraded credit and preferred shares ratings for Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP), affirming the firms strategic business model and navigation of the pandemic.

Key Points:

Kroll Bond Rating Agency (KBRA) recently upgraded credit and preferred shares ratings for Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP), affirming the firms strategic business model and navigation of the pandemic.
In a press release, KBRA announced the upgrade of Pinnacle Financial Partners senior unsecured credit rating to A- (from BBB+).
In the same release, KBRA announced upgrades to Pinnacles preferred shares rating to BBB (from BBB-) and affirmed the firms short-term debt rating of K2.
The Kroll release, disclosures and additional information on rating categories are on their website.

DGAP-News: YOC AG: Announcement of the early redemption of the YOC convertible bond 2018 - 2022

Retrieved on:

Tuesday, June 15, 2021

Financial markets, Finance, Money, Bond valuation, Corporate finance, Convertible bond, Bond, Convertible security, YOC, Redemption value, Maturity

Berlin, 15 June 2021 - YOC AG (ISIN DE0005932735) announces the early redemption of all convertible bonds issued in financial year 2018.

Key Points:

Berlin, 15 June 2021 - YOC AG (ISIN DE0005932735) announces the early redemption of all convertible bonds issued in financial year 2018.
The convertible bonds with a total nominal amount of EUR 1.56 million were issued with a four-year maturity until July 2022 and were convertible into a maximum of 193,825 ordinary shares of YOC AG.
YOC AG transferred these 187,500 no-par shares to Eiffel Investment Group SAS in April 2021, making also use of 4,000 YOC shares held in its own portfolio.
Pursuant to the terms and conditions of the bond 6 (2), the early redemption will be made at 110% on July 31, 2021.

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

Retrieved on:

Tuesday, June 8, 2021

Finance, Financial markets, Fixed income analysis, Money, Bond valuation, Coupon, Current yield, Yield, Exchange-traded note, Collateralized mortgage obligation

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.

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.
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.
The Expected Coupon Amount for any ETN may vary significantly from coupon period to coupon period and may be zero.

DGAP-News: BodySmart Finance Limited: Coupon Payment Announcement

Retrieved on:

Thursday, June 3, 2021

Bond valuation, Financial markets, Bond, Finance, Coupon, Money

This is the Issuer's second coupon payment.

Key Points:

This is the Issuer's second coupon payment.
The next coupon payment is due on 3rd December 2021.
BodySmart Investment Group's (the "Borrower") trading activities are focused on the medical, aesthetic and wellness industry - a sector on the rise in the Middle East.
This announcement does not constitute or form any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds.

Synaptics Incorporated Announces Notice of Full Redemption of Convertible Senior Notes Due 2022

Financial markets, Finance, Bond valuation, Fixed income analysis, Redemption value, Synaptics, Redemption, Investment

SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) (the Company or Synaptics) today announced that it has provided an irrevocable notice of redemption for all $525,000,000 aggregate principal amount of its outstanding 0.50% Convertible Senior Notes due 2022 (the Notes), which mature on June 15, 2022 (the Redemption).

Key Points:

SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) (the Company or Synaptics) today announced that it has provided an irrevocable notice of redemption for all $525,000,000 aggregate principal amount of its outstanding 0.50% Convertible Senior Notes due 2022 (the Notes), which mature on June 15, 2022 (the Redemption).
The Notes are redeemable at a cash redemption price of 100.0% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date of August 4, 2021 (the Redemption Price).
Holders of the Notes have the right to convert the Notes called for redemption no later than 5:00 p.m., EDT, on August 3, 2021 (the Conversion Deadline).
Requests for conversion delivered after the Conversion Deadline will only be entitled to receive the Redemption Price for the Notes.

PJSC Magnit Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds

Retrieved on:

Thursday, May 27, 2021

Bond valuation, Fixed income analysis, Coupon, Bond, Yield, Nominal yield

Krasnodar, Russia (May 27, 2021): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-002-04 and BO-001-05 series.

Key Points:

Krasnodar, Russia (May 27, 2021): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-002-04 and BO-001-05 series.
The interest rate of the 2nd, 3rd, 4th, 5th and 6th coupon periods is equal to the interest rate of the 1st coupon period which amounts to 35 (Thirty five) rubles 15 kopecks per one Exchange-traded bond of the BO-002P-04 series .
Reporting period which the Exchange-traded bonds of the BO-001P-05 and BO-002P-04 series yield is paid for:
The Exchange-traded bonds of the BO-001P-05 and BO-002P-04 series have 6 coupon periods.
The amount of the accrued yield per one Exchange-traded bond of the BO-002-04 and BO-001-05 series:
1st coupon - 35.15 rubles;

Magnit Announces the Coupon Yield Payment

Retrieved on:

Friday, May 21, 2021

Finance, Bond valuation, Fixed income analysis, Financial markets, Investment, Bond, Coupon, 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 (May 21, 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 second coupon yield payment against bonds of the BO-002P-03 series in the amount of 441,300,000 rubles.\nNon-convertible interest-bearing uncertified exchange-traded bonds of PJSC "Magnit" of the BO-002P-03 series with centralized registration of rights, placed under the Program of the exchange-traded bonds with the identification number 4-60525-P-002P-02E of 27.06.2016, International Securities Identification Number (ISIN) RU000A101PJ1\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 441,300,000.00 (four hundred and forty one million three 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 21, 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 second coupon yield payment against bonds of the BO-002P-03 series in the amount of 441,300,000 rubles.\nNon-convertible interest-bearing uncertified exchange-traded bonds of PJSC "Magnit" of the BO-002P-03 series with centralized registration of rights, placed under the Program of the exchange-traded bonds with the identification number 4-60525-P-002P-02E of 27.06.2016, International Securities Identification Number (ISIN) RU000A101PJ1\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 441,300,000.00 (four hundred and forty one million three hundred thousand) rubles was paid excluding tax and other deductions.
Obligation has been fulfilled.\n'

Fortegra Corporate Rating of A- (Excellent) Reaffirmed by Kroll Bond Rating Agency, Inc.

Retrieved on:

Thursday, May 20, 2021

Consulting, Professional services, Insurance, Finance, Money, Economy, Credit rating, Bond credit rating, Bond market, Bond valuation, Credit risk, Investment, KBRA, Subordinated debt

Additionally, KBRA reaffirmed the BBB issuer rating and BBB- junior subordinated debt rating of Fortegra\xe2\x80\x99s subsidiary, Fortegra Financial Corporation.\n\xe2\x80\x9cWe are pleased with the KBRA rating affirmation.

Key Points:

Additionally, KBRA reaffirmed the BBB issuer rating and BBB- junior subordinated debt rating of Fortegra\xe2\x80\x99s subsidiary, Fortegra Financial Corporation.\n\xe2\x80\x9cWe are pleased with the KBRA rating affirmation.
The BBB issuer rating and stable outlook underscores the success of our growth strategy and operating model,\xe2\x80\x9d said Michael Grasher, Chief Financial Officer at Fortegra.
\xe2\x80\x9cBy balancing disciplined underwriting with fee-based revenue we continue to produce strong cash flows and shareholder returns.
We expect this trajectory to continue well into the future.\xe2\x80\x9d\nThe affirmed rating is indicative of KBRA\xe2\x80\x99s belief that Fortegra has a somewhat aggressive growth strategy.

Loop Insights Enters $225B CPG Retail Market With Successful Integration With The Coupon Bureau to Deliver Verified Universal Digital Coupons Through Loop’s Wallet Pass Platform

Retrieved on:

Tuesday, May 18, 2021

Sales promotion, Bond valuation, Coupon, Apple Wallet

\xc2\xa0The Coupon Bureau (TCB), is a non-profit data exchange helping Retailers and Brands to utilize their new Universal Digital Coupon standard to improve the customer coupon redemption experience and reduce fraud.

Key Points:

\xc2\xa0The Coupon Bureau (TCB), is a non-profit data exchange helping Retailers and Brands to utilize their new Universal Digital Coupon standard to improve the customer coupon redemption experience and reduce fraud.
\xc2\xa0However, according to Kantar , only 4.2% of all CPG coupons were distributed digitally, and digital coupons only represented 3.4% of the total value of coupons distributed.
The Loop Wallet pass integration with our new coupon standard is truly revolutionary and will significantly improve the customer experience.
Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

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.