Bond

Ben Barber Rejoins Franklin Templeton to Head Municipal Bond Team

Consulting, Professional services, Finance, Finance, Economy of New York City, Bond, Goldman Sachs, Financial services, Franklin Templeton Investments, Municipal bond
Wednesday, February 26, 2020 - 2:00pm

Sheila Amoroso, who is currently senior vice president, director of Franklin Templeton Fixed Incomes municipal bond department, has announced her plans to retire after 34 years of service.

Key Points: 
  • Sheila Amoroso, who is currently senior vice president, director of Franklin Templeton Fixed Incomes municipal bond department, has announced her plans to retire after 34 years of service.
  • Barber has over 28 years of industry experience, having started his career in municipal bond investing with Franklin Templeton in 1991, working with several current investment team members, including Amoroso, through 1999, when he joined Goldman Sachs.
  • Under Amorosos steadfast leadership, Franklin Templetons municipal bond group has become a premier municipal bond manager, with a very stable and experienced team consisting of long-tenured investment professionals that have maintained a consistent approach and philosophy for managing municipal bond portfolios.
  • Franklin Templetons 31-member municipal bond team manages a wide variety of single state and national municipal bond strategies for investors in the US and beyond, via a comprehensive fund lineup and separately managed accounts and institutional accounts.

Biofrontera AG resolves to issue qualified subordinated mandatory convertible bonds

Corporate finance, Finance, Financial economics, Convertible bond, Bond, Money, Stock market, Convertible security, Ticker symbol
Wednesday, February 26, 2020 - 1:25pm

Leverkusen, Germany, Feb. 26, 2020 (GLOBE NEWSWIRE) -- The Executive Board of Biofrontera AG (NASDAQ ticker symbol: BFRA, ISIN: DE0006046113), today resolved, with the approval of the Supervisory Board, to issue two qualified subordinated mandatory convertible bonds.

Key Points: 
  • Leverkusen, Germany, Feb. 26, 2020 (GLOBE NEWSWIRE) -- The Executive Board of Biofrontera AG (NASDAQ ticker symbol: BFRA, ISIN: DE0006046113), today resolved, with the approval of the Supervisory Board, to issue two qualified subordinated mandatory convertible bonds.
  • The following are to be issued (i) 0.5 % qualified subordinated mandatory convertible bond 2020/2024 and (ii) 1.0 % qualified subordinated mandatory convertible bond 2020/2026.
  • Both mandatory convertible bonds consist of up to 1,600,000 bonds with a principal amount of EUR 5.00 each and a total principal amount of up to EUR 8,000,000.
  • The bondholders are obliged to convert their bonds at the maturity date of the convertible bond unless the Company waives such mandatory conversion at maturity.

Digital Bond Platform eppf Expands Business With DZ Bank Cooperation and 250 New Issuers

DZ Bank, Bond
Wednesday, February 26, 2020 - 9:00am

LUXEMBOURG and FRANKFURT, Germany, Feb. 26, 2020 /PRNewswire/ -- The fully regulated european bond issuance platform european primary placement facility (eppf) S.A. announces an expansion of its digital business with a new cooperation with DZ BANK.

Key Points: 
  • LUXEMBOURG and FRANKFURT, Germany, Feb. 26, 2020 /PRNewswire/ -- The fully regulated european bond issuance platform european primary placement facility (eppf) S.A. announces an expansion of its digital business with a new cooperation with DZ BANK.
  • eppf's bond issuance platform will now be available to over 250 frequent issuer clients of DZ BANK via DZ BANK's inhouse InGen product and eppf's capital-markets-as-a-service (CMaaS) platform.
  • First issues by DZ BANK'S frequent issuers clients taking advantage of the new collaboration are expected to happen within the next few weeks.
  • eppf was developed with the involvement of leading market participants from different countries including major investment banks, investors, advisors, issuers and regulators.

Digital Bond Platform eppf Expands Business With DZ Bank Cooperation and 250 New Issuers

DZ Bank, Bond
Wednesday, February 26, 2020 - 9:00am

LUXEMBOURG and FRANKFURT, Germany, Feb. 26, 2020 /PRNewswire/ -- The fully regulated european bond issuance platform european primary placement facility (eppf) S.A. announces an expansion of its digital business with a new cooperation with DZ BANK.

Key Points: 
  • LUXEMBOURG and FRANKFURT, Germany, Feb. 26, 2020 /PRNewswire/ -- The fully regulated european bond issuance platform european primary placement facility (eppf) S.A. announces an expansion of its digital business with a new cooperation with DZ BANK.
  • eppf's bond issuance platform will now be available to over 250 frequent issuer clients of DZ BANK via DZ BANK's inhouse InGen product and eppf's capital-markets-as-a-service (CMaaS) platform.
  • First issues by DZ BANK'S frequent issuers clients taking advantage of the new collaboration are expected to happen within the next few weeks.
  • eppf was developed with the involvement of leading market participants from different countries including major investment banks, investors, advisors, issuers and regulators.

Casella Waste Systems, Inc. Announces Offering of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds

Articles, Materials, Casella Waste Systems, Rutland (city), Vermont, Indenture, Economy, Bond, Casella, Waste management, Waste, Recycling, Revenue bond
Tuesday, February 25, 2020 - 9:00pm

RUTLAND, Vt., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Casella) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $40.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the Issuer) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020 (the Bonds) under an indenture between the Issuer and the bond trustee (the Indenture).

Key Points: 
  • RUTLAND, Vt., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Casella) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $40.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the Issuer) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020 (the Bonds) under an indenture between the Issuer and the bond trustee (the Indenture).
  • Casella intends to use the net proceeds of the Bonds to finance and/or reimburse Casella for certain costs of certain capital projects in the State of New York.
  • The exact terms and timing of the offering of the Bonds will depend upon market conditions and other factors.
  • One or more additional tranches of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020, in the aggregate principal amount of up to $35.0 million (the Additional Bonds), may be issued under the Indenture in the future, subject to the terms and conditions of the Indenture, market conditions and other factors.

Viking Bond Service Inc. Now Offers Surety Bonds for Ohio Hemp Producers

Sureties, Building engineering, Insurance, Surety bond, Hemp, Bond, Law, Economy, Applied sciences
Monday, February 24, 2020 - 3:00pm

The bond guarantees that hemp producers will be able to act in accordance with all Ohio laws governing hemp production, cultivation, and testing.

Key Points: 
  • The bond guarantees that hemp producers will be able to act in accordance with all Ohio laws governing hemp production, cultivation, and testing.
  • Viking Bond Service has clients across the nation, and can provide the required bonds needed for all Ohio hemp producers.
  • Hemp producers in Ohio will have a small amount of time to begin adhering to the laws, but Viking Bond Services recommends securing bonds as soon as possible so that hemp producers do not violate those laws.
  • As a longstanding member of the National Association of Surety Bond Producers, and with an A+ Rating with the Better Business Bureau, Viking Bond Service is committed to serving and assisting all clients in need of surety bonds.

SMIC Announces Proposed Issue of US$600 Million 2.693% Bonds Due 2025

Bond, Singapore Exchange, Economy of Asia, Economies
Friday, February 21, 2020 - 12:13am

Approval in-principle has been received for the listing of and quotation for the Bonds on the SGX-ST.

Key Points: 
  • Approval in-principle has been received for the listing of and quotation for the Bonds on the SGX-ST.
  • Please refer to the paragraph headed ''The Subscription Agreement'' under the section ''Issue of the Bonds'' below for further information.
  • The gross proceeds from the issue of the Bonds will be approximately US$600 million.
  • The net proceeds (net of fees, commissions and expenses) from the issue of the Bonds will be approximately US$596.5 million.

Turkiye Garanti Bankasi A.S.: TRFGRAN22046 ISIN- Redemption of the Debt Instrument

Stock market, Bond, Corporate finance, Book building
Thursday, February 20, 2020 - 4:03pm

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 55-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 Dec. 27, 2019 with bookbuilding on Dec. 26, 2019 with TRFGRAN22046 ISIN code and TRY 64,250,000 nominal value, is redeemed on 20.02.2020.

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

Fixed income analysis, Coupon, Bond, Yield, Government bond
Thursday, February 20, 2020 - 3:07pm

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Key Points: 
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Press Release | Krasnodar | February 20, 2020
    Krasnodar, Russia (February 20, 2020): 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-002-01 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 30 (Thirty) rubles 92 kopecks per one Exchange-traded bond.
  • Reporting period which the Exchange-traded bonds yield is paid for:
    The Exchange-traded bonds have 6 coupon periods.

PJSC Magnit Announces the Expiration of the Term for the Submission of the Offers for Exchanged-Traded Bonds

Magnit, Bond, Security
Thursday, February 20, 2020 - 3:07pm

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Key Points: 
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • There will be no public offer of the Securities in the United States, Australia, Canada or Japan or elsewhere.
  • Press Release | Krasnodar | February 20, 2020
    Krasnodar, Russia (February 20, 2020): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the expiration of the term for the submission of the offers from the potential acquirers of the Exchange-traded bonds to execute the preliminary agreements.
  • According to the Decision of the Chief Executive Officer of PJSC Magnit (Decision w/o No.