Fixed-income securities

KBRA Assigns Preliminary Ratings to Benchmark 2021-B28

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Finance, Finance, Money, Financial markets, Mortgage-backed security, Structured finance, Fixed-income securities, Mortgage, Commercial mortgage-backed security, Commercial mortgage, KBRA, Mortgage loan, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.
  • The collateral properties are located throughout 30 MSAs, of which the three largest are New York (31.3%), Miami (5.3%), and Chicago (4.7%).
  • The pool has exposure to most major property types, with two types representing more than 15.0% of the pool balance: office (40.7%) and retail (24.3%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.8% less than third party appraisal values.

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Wednesday, July 28, 2021
Financial markets, Security, Stock market, Finance, Financial law, Fixed-income securities, Structured finance

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement".
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.
  • Any early or final redemption of the ETC Securities of a Series will be settled in cash.

Euro Manganese Announces the Second Tranche of EIT InnoEnergy’s Investment

Retrieved on: 
Tuesday, July 27, 2021
Chemistry, Physical sciences, Natural sciences, Structured finance, Fixed-income securities, Tranche, Manganese, EMN, OTC Markets Group

VANCOUVER, British Columbia, July 27, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF) (the "Company" or "EMN") is pleased to announce the receipt of a second investment tranche from EIT InnoEnergy amounting to €125,000 (CAD$185,162).

Key Points: 
  • The Company has received a second tranche of investment from EIT InnoEnergy of 125,000, bringing the EU-backed bodys investment to date to 187,500.
  • VANCOUVER, British Columbia, July 27, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF) (the "Company" or "EMN") is pleased to announce the receipt of a second investment tranche from EIT InnoEnergy amounting to 125,000 (CAD$185,162).
  • The second investment tranche of 125,000 (CAD$185,162) was advanced to the Company on July 26, 2021.
  • For more information about EIT InnoEnergys support of the Chvaletice Manganese Project, see EMNs news release dated February 22, 2021 .

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Thursday, July 22, 2021
Financial markets, Security, Stock market, Finance, Financial law, Fixed-income securities, Structured finance

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement".
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.
  • Any early or final redemption of the ETC Securities of a Series will be settled in cash.

Motus GI Secures Expanded $12M Credit Financing to Support Growth Strategy

Retrieved on: 
Wednesday, July 21, 2021
Fixed-income securities, Structured finance, Motus, Forward-looking statement, Tranche

We believe this transaction reflects the confidence that Kreos has in the Company and our ability to execute our strategy," commented Tim Moran, Chief Executive Officer of Motus GI.

Key Points: 
  • We believe this transaction reflects the confidence that Kreos has in the Company and our ability to execute our strategy," commented Tim Moran, Chief Executive Officer of Motus GI.
  • The third tranche is a $3.0 million term loan option available to be drawn by the Company through December 31, 2021.
  • Kreos Capital is the leading growth debt provider in Europe and Israel, backing high-growth companies through every stage of their life cycle.
  • Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

AM Best Assigns Indicative Issue Credit Ratings to Lincoln National Corporation’s Subordinated Notes

Retrieved on: 
Wednesday, July 21, 2021
Professional services, Finance, Finance, Money, Economy, Credit, Financial law, Debt, Subordinated debt, Security, Fixed-income securities

AM Best has assigned indicative Long-Term Issue Credit Ratings (Long-Term IR) of bbb+ (Good) to the subordinated notes of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) [NYSE: LNC].

Key Points: 
  • AM Best has assigned indicative Long-Term Issue Credit Ratings (Long-Term IR) of bbb+ (Good) to the subordinated notes of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) [NYSE: LNC].
  • The subordinated notes will rank senior to the capital securities following their issuance, and accordingly, the capital securities will be subordinated and junior to the subordinated notes in right of payment.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

KBRA Assigns Preliminary Ratings to Tricolor Auto Securitization Trust 2021-1

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Finance, Finance, Money, Structured finance, Fixed-income securities, United States housing bubble, Tranche, Credit enhancement, Securitization, Credit rating agency, MV Tricolor

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Tricolor Auto Securitization Trust 2021-1 (“TAST 2021-1”), a subprime auto loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Tricolor Auto Securitization Trust 2021-1 (TAST 2021-1), a subprime auto loan ABS transaction.
  • The preliminary ratings reflect initial credit enhancement levels ranging from 50.00% for the Class A notes to 11.00% for the Class F notes.
  • This transaction represents the first rated ABS securitization in 2021 for the Tricolor Auto Acceptance, LLC (Tricolor or the Company).
  • Founded in 2007, Tricolor is an auto lender and buy here-pay here" auto finance company that focuses on the underserved Hispanic market.

Chimera Investment Corporation Announces Date of Second Quarter 2021 Financial Results and Conference Call

Retrieved on: 
Tuesday, July 20, 2021
REIT, Finance, Banking, Professional services, Construction & Property, Structured finance, Fixed-income securities, Mortgage-backed security, Finance, Real estate investment trust, Commercial mortgage-backed security, RMBS, Money, United States housing bubble

Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended June 30, 2021 on Wednesday, August 4, 2021 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, August 4, 2021 at 8:30 a.m. EDT.

Key Points: 
  • If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com , click on Contact Us & Email Alerts, and complete the email notification form.
  • We are a publicly traded REIT that is primarily engaged in the business of investing directly or indirectly through our subsidiaries, on a leveraged basis, in a diversified portfolio of real estate assets, including mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate assets.
  • Please visit www.chimerareit.com for additional information about the Company.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210720006049/en/

KBRA Assigns Preliminary Ratings to Upstart Securitization Trust 2021-3

Retrieved on: 
Monday, July 19, 2021
Banking, Professional services, Finance, Finance, Financial markets, Money, Structured finance, Fixed-income securities, United States housing bubble, Credit risk, Debt, Securitization, Credit enhancement, Upstart, Tranche

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2021-3 (UPST 2021-3), a $485.65 million consumer loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2021-3 (UPST 2021-3), a $485.65 million consumer loan ABS transaction.
  • The preliminary ratings reflect initial credit enhancement level of 34.97% for the Class A notes, 23.97% for the Class B notes and 10.29% for the Class C notes.
  • UPST 2021-3 represents the 25th ABS securitization collateralized by unsecured consumer loans originated through the online platform operated by Upstart Network, Inc. (Upstart or the Company) and the thirteenth from the Upstart Securitization Trust (UPST) ABS program.
  • KBRA considered its operational reviews of Upstart, as well as periodic update calls with the Company.

National Loans Reveals Top Tips to Buying Dream Car

Retrieved on: 
Sunday, July 18, 2021
Money, Finance, Loans, Economy, Notary, Financial law, Mortgage-backed security, Fixed-income securities

National Loans says it pays to shop around, regardless of whether the shopper is buying a new or used vehicle.

Key Points: 
  • National Loans says it pays to shop around, regardless of whether the shopper is buying a new or used vehicle.
  • If buying privately, National Loans says it's a good idea to get a mechanic to have a look at the car.
  • Asset finance providers, like National Loans, can help with loans whether purchasing through a private sale or dealer.
  • In addition to offering car loans, National Loans is a trusted expert for other asset finance.