Bond valuation

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.

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.

Verizon announces separate private exchange offers for (i) 7 series of notes for up to $750 million of new notes and (ii) 10 series of notes for up to $2 billion of new notes and, if applicable, cash

Retrieved on: 
Monday, September 21, 2020
Business, Articles, Financial law, Fixed income analysis, Economy, Accounts payable, Liability, Payment, Business law, Bond valuation, Bond

The Long-Dated Total Exchange Price does not include the applicable Accrued Coupon Payment, which will be payable in cash in addition to the applicable Long-Dated Total Exchange Price.

Key Points: 
  • The Long-Dated Total Exchange Price does not include the applicable Accrued Coupon Payment, which will be payable in cash in addition to the applicable Long-Dated Total Exchange Price.
  • The Long-Dated Cash Amount does not include the applicable Long-Dated Accrued Coupon Payment on the Long-Dated Old Notes accepted for exchange, which will be payable in addition to the applicable Long-Dated Total Exchange Price or Long-Dated Exchange Price.
  • Both the Total Exchange Price and the Exchange Price payable with respect to a series of Long-Dated Old Notes are payable in principal amount of 2056 New Notes and the applicable Long-Dated Cash Amount, if any.
  • This announcement is not an offer to purchase or a solicitation of an offer to purchase any Old Notes.

Potomac Bancshares, Inc. Issues Private Placement of $10 Million Subordinated Notes

Retrieved on: 
Wednesday, September 16, 2020
Bond valuation, Coupon

The Notes have a maturity date of September 15, 2030 and carry a coupon of 5.00% for the first five years.

Key Points: 
  • The Notes have a maturity date of September 15, 2030 and carry a coupon of 5.00% for the first five years.
  • Thereafter, the Notes will pay interest at 3-month SOFR plus 487.4 basis points, resetting quarterly.
  • The Notes have been structured to qualify as Tier 2 capital for regulatory purposes at the holding company.
  • The Company plans to use the proceeds from the placement of the Notes for general corporate purposes.

IBI Group Announces an Increase to the Previously Announced Offering of 6.50% Senior Unsecured Debentures

Retrieved on: 
Wednesday, September 16, 2020
Finance, Money, Corporate finance, Debenture, Debt, Bond valuation, Maturity

The first payment will include accrued and unpaid interest for the period from closing of the Offering to, but excluding, December 31, 2020.

Key Points: 
  • The first payment will include accrued and unpaid interest for the period from closing of the Offering to, but excluding, December 31, 2020.
  • The Debentures will mature on December 31, 2025 (the Maturity Date).
  • The Company shall provide not more than 60 nor less than 30 days prior notice of redemption of the Debentures.
  • IBI Group believes that cities thrive when designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch.

Magnit announces the coupon yield payment

Retrieved on: 
Friday, September 4, 2020
Finance, Magnit, Bond valuation, Fixed income analysis, Financial markets, Coupon, Bond, Investment, 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 | September 3, 2020
    Krasnodar, Russia (September 3, 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-01 series in the amount of 463,800,000 rubles.

Turkiye Garanti Bankasi A.S.: Distribution Results of Bank Bonds to Qualified Investors

Retrieved on: 
Thursday, August 27, 2020
Bond valuation, Bond, Coupon, Financial markets, Finance, Government bonds, Bond market

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 issuance of the bank bonds in the nominal value of TRY 261,700,000 with a maturity of 120 days with 40 days coupon payments indexed to BIST TLREF index; to be sold to qualified investors has been realized as of (26.08.2020).

Turkiye Garanti Bankasi A.S.: Announcement regarding JCR Euriasia Rating Credit Ratings

Retrieved on: 
Wednesday, August 26, 2020
Finance, Money, Economy, Credit risk, Credit rating agencies, Bond credit rating, Bond valuation, Credit rating, Investment

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

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • JCR Eurasia Rating has affirmed the rating of 'AAA (Trk)' along with a 'Stable' outlook for Trkiye Garanti Bankas A.. on the Long Term National Scale, which denotes the investment grade with the highest credit rating note assigned by the agency on its report dated August 26, 2020.
  • On the other hand, the Long Term International Foreign and Local Currency ratings were assigned at 'BBB-' and 'BBB', respectively within the investment grade category as well.
  • Bank's current ratings are as follows:
    JCR Eurasia Rating (August 26, 2020)

Turkiye Garanti Bankasi A.S.: Coupon payment of Bank Bonds to Qualified Investors

Retrieved on: 
Tuesday, August 25, 2020
Bond valuation, Financial markets, Finance, Bond, Coupon, Fixed income, Fixed rate 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 first coupon payment of the bank bonds in the nominal value of TRY 711,750,000 with a maturity of 96 days with 32 days coupon payments indexed to BIST TLREF index; is done on 24.08.2020.