Bond

KBRA Assigns Preliminary Ratings to Encina Equipment Finance 2021-1

Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Bond credit rating, KBRA, U.S. Securities and Exchange Commission, Kroll, Bond, CRA, Security
Friday, May 14, 2021 - 12:06am

Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (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 Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006089/en/\n'

KBRA Assigns Preliminary Ratings to RRE 2 Loan Management DAC

Professional services, Finance, Credit rating agency, Bond
Thursday, May 13, 2021 - 8:05pm

b'Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 2 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.\nRRE 2 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (\xe2\x80\x9cRRAM UK\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d).

Key Points: 
  • b'Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by RRE 2 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.\nRRE 2 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (\xe2\x80\x9cRRAM UK\xe2\x80\x9d or the \xe2\x80\x9ccollateral manager\xe2\x80\x9d).
  • This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances.
  • The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.\nThe collateral in RRE 2 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors.
  • Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005950/en/\n'

KBRA Assigns Preliminary Ratings to MHC 2021-MHC2

Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Bond credit rating, KBRA, U.S. Securities and Exchange Commission, Kroll, Bond, CRA, Security
Thursday, May 13, 2021 - 5:36pm

Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (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 Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005828/en/\n'

Turkiye Garanti Bankasi A.S.: Principal and Coupon payments of Bank Bonds to Qualified Investors

Bond valuation, Bond, Coupon
Thursday, May 13, 2021 - 4:04pm

b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nThe principal and second coupon payments of the bank bonds in the nominal value of TRY 300,000,000 with a maturity of 84 days with 42 days coupon payments indexed to BIST TLREF index; are done on 12.05.2021.\n'

Key Points: 
  • b'Dissemination of a Regulatory Announcement, transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nThe principal and second coupon payments of the bank bonds in the nominal value of TRY 300,000,000 with a maturity of 84 days with 42 days coupon payments indexed to BIST TLREF index; are done on 12.05.2021.\n'

Ygrene Completes $343 Million Securitization of Pace Assets

Professional services, Other Energy, Environment, Alternative energy, Energy, Finance, Finance, Money, Economy, United States housing bubble, Financial law, Government bonds, Credit risk, Debt, Securitization, Climate bond, Bond, Security
Thursday, May 13, 2021 - 2:00pm

b"Ygrene, the nation\xe2\x80\x99s leading issuer of green bonds backed by Property Assessed Clean Energy (PACE) assets, announced today the closing of its GoodGreen 2021-1 securitization with the issuance of $343 million of investment-grade debt securities.

Key Points: 
  • b"Ygrene, the nation\xe2\x80\x99s leading issuer of green bonds backed by Property Assessed Clean Energy (PACE) assets, announced today the closing of its GoodGreen 2021-1 securitization with the issuance of $343 million of investment-grade debt securities.
  • PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits.
  • By providing over $2.6 billion of private capital to more than 550 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Ygrene is not a government program.
  • Learn more at ygrene.com.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005508/en/\n"

Surety Bond Authority, Inc. Adds ERISA Bond to its Products

Sureties, Employee Retirement Income Security Act, Bond, Employee benefits, Law, Articles
Wednesday, May 12, 2021 - 4:00pm

b'LOS ANGELES, May 12, 2021 /PRNewswire-PRWeb/ --Surety Bond Authority, Inc. announced today that it is adding ERISA bonds to its extensive list of surety bond products.

Key Points: 
  • b'LOS ANGELES, May 12, 2021 /PRNewswire-PRWeb/ --Surety Bond Authority, Inc. announced today that it is adding ERISA bonds to its extensive list of surety bond products.
  • An ERISA bond is a financial security that protects employee benefit plans in the private industry.\nThis type of bond is mandated by the Employee Retirement Income Security Act of 1974 (ERISA) as a means of financial recourse in case the Principal of the ERISA bond commits fraud or dishonesty.
  • It would be an honor to partner with them to make this vision happen," Greg Rynerson concludes.\nSurety Bond Authority has been providing surety products to all 50 states for over three decades.
  • The company is one of the leading and most trusted surety bond providers in the country.

ESMA consults on its MiFID II/MiFIR Annual Report

Finance, Financial markets, Money, Bond market, Security, Capital market, Directive 2014/65/EU, European Securities and Markets Authority, Bond
Wednesday, May 12, 2021 - 4:03pm

b'The European Securities and Markets Authority (ESMA), the EU\xe2\x80\x99s securities markets regulator, has today launched a consultation seeking input from market participants on its MiFIDII /MiFIR Annual Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2).

Key Points: 
  • b'The European Securities and Markets Authority (ESMA), the EU\xe2\x80\x99s securities markets regulator, has today launched a consultation seeking input from market participants on its MiFIDII /MiFIR Annual Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2).
  • The consultation closes on 11 June 2021.\nThe Consultation Paper provides for the Annual Assessment of the operation of the thresholds for the liquidity determination of bonds and the trade percentiles determining the pre-trade SSTI-threshold which is currently subject to a a four-stage phase-in regime under RTS 2.\nMove to stage 3 for the liquidity assessment of bonds;\nMove to stage 3 for the SSTI percentile of bonds; and\nNot to move to stage 2 for the SSTI percentile of non-equity instruments other than bonds.\nThese proposals are designed to increase the transparency available to market participants in the bond market.\nESMA will consider the feedback and expects to publish a final report and submit, if necessary, regulatory technical standards to the European Commission for endorsement in July 2021.
  • Following such endorsement, the RTS are then subject to a non-objection procedure by the European Parliament and the Council.\n'

American CuMo Mining Announces Silver Purchase Financing Approved for Vienna Exchange Listing

Bullion coins, Promissory note, Silver coin, ICMC, Bond
Wednesday, May 12, 2021 - 12:35pm

b'Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) is pleased to announce that it has received approval from the Vienna Stock Exchange for admittance to trading for its majority owned subsidiary, International CuMo Mining Corporation\'s ("ICMC") previously announced Silver Financing (see news release dated April 7, 2021).

Key Points: 
  • b'Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) is pleased to announce that it has received approval from the Vienna Stock Exchange for admittance to trading for its majority owned subsidiary, International CuMo Mining Corporation\'s ("ICMC") previously announced Silver Financing (see news release dated April 7, 2021).
  • The units are identified on the exchange as Collateralized Silver Purchase Right Bond CUMO S3 with an ISIN AT0000A2R0R7 and will begin trading May 17, 2021.\nThe Financing involves the sale of up to 12,500 units ("ICMC Silver Units") by ICMC at a price of US$1,000 per ICMC Silver Unit, with each ICMC Silver Unit consisting of a promissory note in the principal amount of US$1,000 (a "Note") and a right (the "Silver Purchase Right") to enter into a silver purchase and sale agreement (a "Silver Purchase Agreement") with ICMC.
  • In the June 2, 2020 Independent 43-101 Preliminary Economic Analysis (PEA), the 30-year production schedule included 2.5 billion pounds of copper and 107 million ounces of silver.
  • Current metal prices would reduce this potential cash cost to under US$0.75 per pound.\nNote: The PEA is preliminary in nature.

ESMA consults on its MiFID II/MiFIR Annual Report

Finance, Financial markets, Money, Bond market, Security, Capital market, Directive 2014/65/EU, European Securities and Markets Authority, Bond
Wednesday, May 12, 2021 - 1:02pm

b'The European Securities and Markets Authority (ESMA), the EU\xe2\x80\x99s securities markets regulator, has today launched a consultation seeking input from market participants on its MiFIDII /MiFIR Annual Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2).

Key Points: 
  • b'The European Securities and Markets Authority (ESMA), the EU\xe2\x80\x99s securities markets regulator, has today launched a consultation seeking input from market participants on its MiFIDII /MiFIR Annual Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2).
  • The consultation closes on 11 June 2021.\nThe Consultation Paper provides for the Annual Assessment of the operation of the thresholds for the liquidity determination of bonds and the trade percentiles determining the pre-trade SSTI-threshold which is currently subject to a a four-stage phase-in regime under RTS 2.\nMove to stage 3 for the liquidity assessment of bonds;\nMove to stage 3 for the SSTI percentile of bonds; and\nNot to move to stage 2 for the SSTI percentile of non-equity instruments other than bonds.\nThese proposals are designed to increase the transparency available to market participants in the bond market.\nESMA will consider the feedback and expects to publish a final report and submit, if necessary, regulatory technical standards to the European Commission for endorsement in July 2021.
  • Following such endorsement, the RTS are then subject to a non-objection procedure by the European Parliament and the Council.\n'

KBRA Assigns Preliminary Ratings to Flagstar Mortgage Trust 2021-3INV (FSMT 2021-3INV)

Banking, Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Bond credit rating, KBRA, U.S. Securities and Exchange Commission, Kroll, Bond, CRA, Security
Tuesday, May 11, 2021 - 9:52pm

Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .\nKroll Bond Rating Agency, LLC (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 Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511006214/en/\n'