Fixed-income securities

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Thursday, June 24, 2021
Financial markets, Security, Stock market, Financial law, Fixed-income securities, Structured finance, SEC filings

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.

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Tuesday, June 22, 2021
Financial markets, Security, Stock market, Financial law, Fixed-income securities, Structured finance, SEC filings

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.

Talonvest Secures $14.4 Million Construction Loan for CA Development

Retrieved on: 
Tuesday, June 22, 2021
Structured finance, Mortgage, Finance, Money, Loans, Debt, Fixed-income securities

The construction loan featured a five-year fixed interest rate, four years of interest only payments, and limited recourse.

Key Points: 
  • The construction loan featured a five-year fixed interest rate, four years of interest only payments, and limited recourse.
  • Additionally, the loan is open to prepayment at any time without penalty and includes a five-year extension option.
  • Eric Snyder, Kim Bishop, David DiRienzo, Lauren Maehler, and Jim Davies were the Talonvest team members responsible for this assignment.
  • Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners, and developers nationally.

MAXEX Secures Strategic Investment from J.P. Morgan

Retrieved on: 
Tuesday, June 22, 2021
Professional services, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Banking, Finance, Financial markets, Money, Structured finance, Mortgage-backed security, Loans, Mortgage loan, Fixed-income securities, Subprime mortgage crisis, Residential mortgage-backed security

MAXEX, the first digital mortgage exchange to enable the trading of residential loans through a single clearinghouse, announced it secured a strategic investment from J.P. Morgan (NYSE: JPM), with participation from existing MAXEX investors AGNC Ventures and Moore Asset Backed Fund, LP.

Key Points: 
  • MAXEX, the first digital mortgage exchange to enable the trading of residential loans through a single clearinghouse, announced it secured a strategic investment from J.P. Morgan (NYSE: JPM), with participation from existing MAXEX investors AGNC Ventures and Moore Asset Backed Fund, LP.
  • The investment is intended to accelerate broad market adoption of the MAXEX exchange platform for buying and selling loans in the U.S. non-agency mortgage market.
  • The strategic investment by J.P. Morgan follows a year of record growth for MAXEX.
  • Were excited to make a strategic investment in MAXEX as they bring standardization to an otherwise fragmented sector of the residential mortgage market, said Marc Simpson Managing Director, Head of Non-Agency Whole Loan and RMBS Trading, J.P. Morgan.

KBRA Assigns Preliminary Ratings to ESA 2021-ESH

Retrieved on: 
Monday, June 21, 2021
Banking, Professional services, Insurance, Finance, Finance, Money, Loans, Economy, Structured finance, Banking, Fixed-income securities, United States housing bubble, Commercial mortgage-backed security, Securitization, Mortgage loan, Floating interest rate

Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 11 classes of ESA 2021-ESH, a CMBS single-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 11 classes of ESA 2021-ESH, a CMBS single-borrower securitization.
  • The collateral for the transaction is a $4.65 billion non-recourse, first lien mortgage loan.
  • The floating rate loan has an initial two-year term with three one-year extension options and requires monthly interest-only payments based on one-month LIBOR.
  • To access ratings and relevant documents, click here .

Biophytis announces new convertible bond financing for up to €32 million with Atlas and drawing of 2 tranches under the 2020 Atlas Contract for €6 million

Retrieved on: 
Saturday, June 19, 2021
Financial markets, Finance, Fixed-income securities, Structured finance, Money, Mortgage-backed security, Tranche, Bond, United States housing bubble, Convertible bond, Collateralized debt obligation, Synthetic CDO

The Company also announces the issuance of 240 ORNANE Bonds, for a total amount of 6 million under its existing convertible bond agreement with Atlas (the 2020 Atlas Contract).

Key Points: 
  • The Company also announces the issuance of 240 ORNANE Bonds, for a total amount of 6 million under its existing convertible bond agreement with Atlas (the 2020 Atlas Contract).
  • Subject to the issue of the eighth and last tranche under the 2020 Atlas Contract, the 32 million total financing can be drawn by Biophytis over the next three years, without obligation, through 8 successive tranches of 4 million each.
  • The 24 million total financing can be drawn by Biophytis over the next 3 years, without obligation, through 8 successive tranches of 3 million each.
  • After the drawing of the 4th and 5th tranches for a total of 6 million, 9 million will remain from the current instrument.

KBRA Assigns Rating to Golub Capital Partners ABS Funding 2019-1, L.P. In Connection with Refinancing

Retrieved on: 
Thursday, June 17, 2021
Professional services, Finance, Finance, Money, Financial markets, Credit risk, Structured finance, United States housing bubble, Bond market, Fixed-income securities, Nationally recognized statistical rating organization, Credit rating agency, Securitization, Bond credit rating

Kroll Bond Rating Agency (KBRA) assigns rating to one class of notes issued by Golub Capital Partners ABS Funding 2019-1, L.P. (GCPAF 2019-1), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns rating to one class of notes issued by Golub Capital Partners ABS Funding 2019-1, L.P. (GCPAF 2019-1), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
  • KBRAs rating on the original Class A Notes is being withdrawn in connection with the execution of the refinancing and redemption.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Aranjin Resources Announces Successful Ongoing Warrant Exercise

Retrieved on: 
Thursday, June 17, 2021
Finance, Money, Financial economics, Equity securities, Options, Corporate finance, Warrant, Fixed-income securities, Structured finance, Tranche

Ulaanbaatar, Mongolia--(Newsfile Corp. - June 17, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce the exercise of an aggregate of 26,441,666 outstanding common share purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and July 3, 2020.

Key Points: 
  • Ulaanbaatar, Mongolia--(Newsfile Corp. - June 17, 2021) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce the exercise of an aggregate of 26,441,666 outstanding common share purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and July 3, 2020.
  • Other holders of warrants issued under the second tranche and expiring on July 3,2021 may also exercise warrants.
  • As such, the Company expects to receive additional proceeds from warrant exercises.
  • Mr Wood, Executive Chairman of Aranjin Resources stated, "We are very pleased to see the strong participation by shareholders in the ongoing warrant exercise.

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Thursday, June 17, 2021
Financial markets, Security, Stock market, Financial law, Fixed-income securities, Structured finance, SEC filings

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.

A&D Mortgage Issues New Securitization with Non-QM Loans

Retrieved on: 
Wednesday, June 16, 2021
Finance, Money, United States housing bubble, Mortgage-backed security, Structured finance, Mortgage industry of the United States, Fixed-income securities, Securitization, Mortgage loan, Residential mortgage-backed security, Commercial mortgage-backed security

HOLLYWOOD, Fla., June 16, 2021 /PRNewswire/ --A&D Mortgage, together with Imperial Fund, recently closed their second stand-alone securitization post the pandemic.

Key Points: 
  • HOLLYWOOD, Fla., June 16, 2021 /PRNewswire/ --A&D Mortgage, together with Imperial Fund, recently closed their second stand-alone securitization post the pandemic.
  • The securitization was for mortgage loans originated and serviced by A&D Mortgage, the primary servicer of the loans.
  • With the backing of securitization, A&D Mortgage is a market driver in the Non-QM arena...
    As one of the very few companies that issues Non-QM securities, the securitization market has been instrumental in expanding A&D Mortgage's ability to conduct transactions on a repeat basis within the mortgage industry.
  • Non-QM loans make up approximately 72% of the pool, with 28% of the pool being ATR-exempt investor property loans.