Bond

JSC Halyk Bank: Halyk Bank has decided to make full prepayment of its $750million Eurobond issue

Wednesday, January 27, 2021 - 11:01am

Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) has decided to make full prepayment of its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the Notes).

Key Points: 
  • Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) has decided to make full prepayment of its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the Notes).
  • The prepayment will be made in accordance with the Terms and Conditions of the Notes (Condition 8 () "Redemption at the option of the Bank").
  • This full prepayment will allow the Bank to optimize its capital and funding costs utilizing the excessive USD liquidity of the Bank.
  • With total assets of KZT 9,999.1bn as at 30 September 2020, Halyk Bank is Kazakhstan's leading lender.

DGAP-News: IR.on AG: Looking back at the SME bond market in 2020: Placement volume declines by 30% to EUR 957 million as market risks increase; catch-up effects expected in 2021

Wednesday, January 27, 2021 - 9:00am

Looking back at the SME bond market in 2020: Placement volume declines by 30% to EUR 957 million as market risks increase; catch-up effects expected in 2021

Key Points: 
  • Looking back at the SME bond market in 2020: Placement volume declines by 30% to EUR 957 million as market risks increase; catch-up effects expected in 2021
    Average coupon of 5.57% p.a.
  • remains at prior year level
    Cologne, 27 January 2021 - As had been expected, the German SME bond market was influenced by the effects of the coronavirus pandemic in 2020.
  • Compared to the EUR 1.28 billion target volume of the 38 bond issues, the placement ratio averaged around 75% (2019: 77%).
  • These are the results of a review of the German SME bond market in the past year conducted by investor relations consultancy IR.on AG.

DGAP-News: The Grounds Real Estate Development AG issues convertible bond with a volume of up to EUR 12 million - commitments amounting to EUR 5 million have already been received

Wednesday, January 27, 2021 - 8:02am

Major shareholders of The Grounds have already issued commitments amounting to EUR 5 million.

Key Points: 
  • Major shareholders of The Grounds have already issued commitments amounting to EUR 5 million.
  • The convertible bonds have a term of 3 years, and will bear interest with a coupon of 6.00% per annum.
  • The intention is for the convertible bond to be included for trading in the open market segment Quotation Board of Frankfurt Stock Exchange in mid-February 2021.
  • As the first step, we plan to acquire additional real estate property projects for the portfolio and privatisation in the area around Berlin."

Former OppenheimerFunds Rochester Head Joins Principal Street as Chief Investment Officer of Municipal Strategies

Tuesday, January 26, 2021 - 4:45pm

Principal Street Partners , the $1.6B asset manager with a focus on municipal bond investment opportunities, has announced the addition of Troy Willis as the firms Chief Investment Officer of Municipal Bond Strategies.

Key Points: 
  • Principal Street Partners , the $1.6B asset manager with a focus on municipal bond investment opportunities, has announced the addition of Troy Willis as the firms Chief Investment Officer of Municipal Bond Strategies.
  • View the full release here: https://www.businesswire.com/news/home/20210126005864/en/
    Troy Willis, Principal Street Partners Chief Investment Officer, Municipal Strategies (Photo: Business Wire)
    Principal Streets fixed income strategies include High Income Municipal Bond, Short Duration Municipal Bond, and Distressed Municipal Bond.
  • In his new role, Mr. Willis will collaborate on investment implementation and research for all strategies, as well as chair the Principal Street investment committee.
  • Troys new role as Chief Investment Officer of Municipal Bond Strategies will ensure a cohesive, process-driven investment offering, says James West, CEO of Principal Street .

Turkiye Garanti Bankasi A.S.: TRFGRAN12153 ISIN- Redemption of the Debt Instrument

Tuesday, January 26, 2021 - 3:09pm

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 185-day maturity bank bonds, which were issued upon the approval of the Capital Markets Board dated Dec.19, 2019 by sale to qualified investors on Jul.24, 2020 with bookbuilding on Jul.
  • 23, 2019 with TRFGRAN12153 ISIN code and TRY 20,095,372 nominal value, is redeemed on 25.01.2021.

KBRA Releases Research – Coronavirus (COVID-19): State Revenue Losses Less Than Feared

Tuesday, January 26, 2021 - 2:44pm

Kroll Bond Rating Agency (KBRA) releases a report which compares the actual performance of state revenues to the projections that were prevalent at the outset of the pandemic.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which compares the actual performance of state revenues to the projections that were prevalent at the outset of the pandemic.
  • At the outset of the pandemic, economic conditions were forecast to deteriorate more significantly than what transpired through the remainder of 2020.
  • 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 and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA).

KBRA Releases Research – Coronavirus (COVID-19): Monthly Retail Sales Disappoint Again but YoY Growth Offers Hope

Monday, January 25, 2021 - 11:19pm

Kroll Bond Rating Agency (KBRA) releases research that discusses implications of the now three-month trend of weakening retail sales, the persistence of shifts in consumer behavior since onset of the pandemic, and provides perspective on recent retail sales performance relative to the prior year.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases research that discusses implications of the now three-month trend of weakening retail sales, the persistence of shifts in consumer behavior since onset of the pandemic, and provides perspective on recent retail sales performance relative to the prior year.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe is registered with ESMA as a CRA.
  • Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.

ECB to invest in Bank for International Settlements’ green bond fund

Tuesday, January 26, 2021 - 12:04am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB to invest in Bank for International Settlements green bond fund

    25 January 2021

    The European Central Bank (ECB) has decided to use part of its own funds portfolio to invest in the euro-denominated green bond investment fund for central banks (EUR BISIP G2) introduced by the Bank for International Settlements (BIS).

  • The BIS green bond fund invests in renewable energy production, energy efficiency and other environmentally friendly projects.
  • In September 2019, the BIS launched a US-dollar-denominated green bond fund under the same initiative.
  • The ECB is exploring a possible expansion of use of low-carbon benchmark indices to fixed-income asset classes within its pension fund.

ECB to invest in Bank for International Settlements’ green bond fund

Monday, January 25, 2021 - 4:04pm

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB to invest in Bank for International Settlements green bond fund

    25 January 2021

    The European Central Bank (ECB) has decided to use part of its own funds portfolio to invest in the euro-denominated green bond investment fund for central banks (EUR BISIP G2) introduced by the Bank for International Settlements (BIS).

  • The BIS green bond fund invests in renewable energy production, energy efficiency and other environmentally friendly projects.
  • In September 2019, the BIS launched a US-dollar-denominated green bond fund under the same initiative.
  • The ECB is exploring a possible expansion of use of low-carbon benchmark indices to fixed-income asset classes within its pension fund.

Phoenix American Announces New Client Partnership with Lighthouse Life Capital

Monday, January 25, 2021 - 1:56pm

SAN RAFAEL, Calif., Jan. 25, 2021 /PRNewswire/ -- Phoenix American , a leading fund administration provider, is pleased to announce its new client partnership with Pennsylvania-based life settlement company Lighthouse Life Capital.

Key Points: 
  • SAN RAFAEL, Calif., Jan. 25, 2021 /PRNewswire/ -- Phoenix American , a leading fund administration provider, is pleased to announce its new client partnership with Pennsylvania-based life settlement company Lighthouse Life Capital.
  • Phoenix American will fulfill the back-office operational needs of Lighthouse Life with its industry-leading investor services platform featuring the state-of-the-art STAR-XMS shareholder management / transfer agent system.
  • Lighthouse Life Capital's fixed income debt investments, Beacon Bonds, provide investors the ability to participate in the life settlement asset class.
  • Phoenix is an affiliate of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions.