Bond

Arch MI Secures Over $449 Million of Indemnity Reinsurance Through Bellemeade Re Insurance-Linked Note Transaction and Related Reinsurance

Retrieved on: 
Thursday, September 3, 2020
Finance, Professional services, Residential Building & Real Estate, Construction & Property, Insurance, Loans, Actuarial science, Reinsurance, Insurance, Bond, Mortgage loan, Arch MI, Arch Capital Group Ltd.

The coverage was obtained by issuing approximately $423 million in bonds and $26 million in direct reinsurance.

Key Points: 
  • The coverage was obtained by issuing approximately $423 million in bonds and $26 million in direct reinsurance.
  • This transaction covers a portfolio of MI policies linked to 117,562 loans and issued by Arch MI and affiliates primarily in the first five months of 2020.
  • Archs earlier MILN, Bellemeade Re 2020-1, was the first mortgage credit risk transfer (CRT) completed by any company in the COVID-19 era.
  • The MILN is funding its reinsurance obligations through the issuance of five classes of amortizing notes with 10-year legal final maturities.

CTBH Partners LLC Announces Successful Issuance of $40.0 million of Solid Waste Industrial Revenue Bonds for Casella Waste Systems, Inc.

Retrieved on: 
Thursday, September 3, 2020
Casella Waste Systems, Rutland (city), Vermont, Industrial revenue bond, Revenue bond, Casella, Bond, Waste management, Waste, Companies, Economy of the United States

HANOVER, N.H., Sept. 03, 2020 (GLOBE NEWSWIRE) -- CTBH Partners LLC (CTBH) is pleased to announce the closing of $40.0 million aggregate principal amount of tax-exempt solid waste industrial revenue bonds for its client, Casella Waste Systems, Inc. (Casella) (Nasdaq: CWST).

Key Points: 
  • HANOVER, N.H., Sept. 03, 2020 (GLOBE NEWSWIRE) -- CTBH Partners LLC (CTBH) is pleased to announce the closing of $40.0 million aggregate principal amount of tax-exempt solid waste industrial revenue bonds for its client, Casella Waste Systems, Inc. (Casella) (Nasdaq: CWST).
  • As financial advisor to the borrower, CTBH represented Casella in the issuance of the New York State Environmental Facilities Corporation (the Issuer) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-1 (the Bonds) for the benefit of Casella.
  • Solid waste PABs are sometimes also referred to as industrial revenue bonds (or IRBs).
  • Since inception, CTBH has provided its consulting services to borrowers on over $250 million of tax-exempt solid waste industrial revenue bonds across six states.

Sistema PJSFC: Sistema closes order book on RUB 10 bn series 001P-15 exchange-traded bonds

Retrieved on: 
Thursday, September 3, 2020
Financial markets, Moscow Exchange, Sistema, Bond, MOEX, Security, Companies, Finance

Moscow, 03 September 2020 -Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified Russian holding company, announces the completion of book-building for RUB10 billion series 001P-15 bonds.

Key Points: 
  • Moscow, 03 September 2020 -Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified Russian holding company, announces the completion of book-building for RUB10 billion series 001P-15 bonds.
  • As a result of the book-building, the semi-annual coupon rate wasset at 6.70% per annum.
  • The securities meet the requirements for inclusion into the Level 1 of the List of securities admitted to trading at Moscow Exchange.
  • Revenue in 2019 reached RUB 656.9bn; total assets equalled RUB 1.3tn as of 31 December 2019.

DGAP-News: One Square Advisory Services GmbH: Steilmann SE - Eighth status report available for bondholders

Retrieved on: 
Tuesday, September 1, 2020
Steilmann, Bond, Wertpapierkennnummer

One Square Advisory Services GmbH: Steilmann SE - Eighth status report available for bondholders

Key Points: 
  • One Square Advisory Services GmbH: Steilmann SE - Eighth status report available for bondholders
    The issuer is solely responsible for the content of this announcement.
  • Munich, 01 September 2020 - The insolvency administrator of Steilmann SE submitted the eighth status report on the insolvency proceedings of Steilmann SE to One Square Advisory Services GmbH in its capacity as joint representative for the bonds WKN: A12UAE / ISIN: DE000A12UAE0 and WKN: A14J4G / ISIN: DE000A14J4G3.
  • Bondholders can request a copy of the status report against proof of their bondholder position (deposit statement not older than 10 business days).
  • The distribution or publication of the status report or parts of it is therefore not permitted.

Turkiye Garanti Bankasi A.S.: Distribution Results of Bank Bonds to Qualified Investors

Retrieved on: 
Tuesday, September 1, 2020
Bond, Coupon, Financial markets, Finance, Government bonds, Money, United States housing bubble, Inflation

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 issuance of the bank bonds in the nominal value of TRY 171,000,000 with a maturity of 182 days with monthly coupon payments indexed to BIST TLREF index; to be sold to qualified investors has been realized as of 31.08.2020.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Retrieved on: 
Tuesday, September 1, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Financial markets, United States housing bubble, Private equity, Investment, Bond, High-yield debt, Yield, Rate of return, Bond fund

The distribution is expected to be paid from net investment income (regular interest and dividends).

Key Points: 
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.
  • An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.

AT&T Inc. Announces Debt Exchange Offers for Forty-Two Series of Notes

Retrieved on: 
Monday, August 31, 2020
Technology, Mobile, Wireless, Internet, Telecommunications, Bond, Exchange offer

The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in an offering memorandum, dated August 31, 2020.

Key Points: 
  • The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in an offering memorandum, dated August 31, 2020.
  • AT&T reserves the right, in its sole discretion, to increase the 2053 Notes Cap, the 2055 Notes Cap and/or the 2059 Notes Cap following commencement of the Exchange Offers.
  • Global Bondholder Services Corporation will act as the exchange agent and information agent for the Exchange Offers.
  • Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders.

FB Financial Corporation Announces Completion of FirstBank’s $100 Million Subordinated Notes Offering

Retrieved on: 
Monday, August 31, 2020
Banking, Professional services, Money, Finance, Economy, Investment, Interest rates, Credit, Debt, SOFR, New York Stock Exchange, Credit rating agency, Bond, Private placement

FB Financial Corporation (NYSE: FBK) (FB Financial), parent company of FirstBank, today announced the completion of FirstBanks private placement of $100 million of its 4.50% fixed-to-floating rate subordinated notes due 2030 (the Notes) to certain qualified institutional buyers and institutional accredited investors (the Private Placement).

Key Points: 
  • FB Financial Corporation (NYSE: FBK) (FB Financial), parent company of FirstBank, today announced the completion of FirstBanks private placement of $100 million of its 4.50% fixed-to-floating rate subordinated notes due 2030 (the Notes) to certain qualified institutional buyers and institutional accredited investors (the Private Placement).
  • As provided in the Notes, under specified conditions, the interest rate on the Notes during the Floating Rate Period may be determined based upon a rate other than Three-Month SOFR.
  • The Kroll Bond Rating Agency assigned an investment grade rating of BBB to the Notes.
  • FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee.

Turkiye Garanti Bankasi A.S.: Distribution Results of Bank Bonds to Qualified Investors

Retrieved on: 
Friday, August 28, 2020
Bond

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 issuance of the bank bonds in the nominal value of TRY 534,870,702 with a maturity of 185 days to be sold to qualified investors has been realized as of 28.08.2020.

DGAP-News: Mutares: NOTICE FROM WRITTEN RESOLUTION ON PROPOSED AMENDMENTS TO THE BOND TERMS

Retrieved on: 
Friday, August 28, 2020
Mutares, Bond

Munich, August 28, 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares") announces the results of a written resolution on proposed amendments to the terms of the EUR 50 million bonds issued by Mutares in February 2020 (ISIN: NO0010872864) as set out in the Notice of a Written Resolution dated August 13, 2020.

Key Points: 
  • Munich, August 28, 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares") announces the results of a written resolution on proposed amendments to the terms of the EUR 50 million bonds issued by Mutares in February 2020 (ISIN: NO0010872864) as set out in the Notice of a Written Resolution dated August 13, 2020.
  • The proposed amendments have been approved by the required majority of the bondholders in a written procedure as shown in the attachment ("Notice from Written Resolution") enclosed herewith.
  • The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company.
  • In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide.