Bond

Statement From the Ad Hoc Argentine Bondholder Group

Retrieved on: 
Friday, May 29, 2020
Debt, Bankruptcy, Debt restructuring, Insolvency, Bond

NEW YORK, May 29, 2020 /PRNewswire/ -- Yesterday, the Ad Hoc Argentine Bondholder Group, represented by White & Case LLP, and the Exchange Bondholder Group disclosed they had jointly submitted an improved proposal on the terms of a debt restructuring to the Argentine government.

Key Points: 
  • NEW YORK, May 29, 2020 /PRNewswire/ -- Yesterday, the Ad Hoc Argentine Bondholder Group, represented by White & Case LLP, and the Exchange Bondholder Group disclosed they had jointly submitted an improved proposal on the terms of a debt restructuring to the Argentine government.
  • Our joint proposal reflects the collaborative efforts of the two largest bondholder groups of Argentina, the Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group.
  • Our joint proposal therefore represents the consensus position of a broad cross-section of bondholders of Argentine debt across the maturity spectrum.
  • We encourage the Argentine government to act now and engage with our new proposal which already commands the support of the two largest bondholder groups of Argentina.

KBRA Releases Report Assigning AA+ Rating with Stable Outlook to Washington Metropolitan Area Transit Authority Dedicated Revenue Bonds, Series 2020A

Retrieved on: 
Friday, May 29, 2020
Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Kroll Bond Rating Agency, Nationally recognized statistical rating organization, Bond credit rating, Bond, European Securities and Markets Authority, U.S. Securities and Exchange Commission

On May 22, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Washington Metropolitan Area Transit Authority Dedicated Revenue Bonds, Series 2020A.

Key Points: 
  • On May 22, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA+ with a Stable Outlook to the Washington Metropolitan Area Transit Authority Dedicated Revenue Bonds, Series 2020A.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .
  • KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission.
  • 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).

DGAP-News: publity AG: Majority shareholder of publity AG publishes voluntary public purchase offer to the holders of Convertible Bond 2015/2020

Retrieved on: 
Friday, May 29, 2020
Corporate finance, Bond, Convertible bond

With regard to the details of the purchase offer, reference is made to the offer document published by TO-Holding GmbH in the Federal Gazette.

Key Points: 
  • With regard to the details of the purchase offer, reference is made to the offer document published by TO-Holding GmbH in the Federal Gazette.
  • The holders of the Convertible Bond 2015/2020 will typically be informed separately by their respective depositary institutions about the purchase offer and its settlement.
  • The reference in this publication to a purchase offer by TO-Holding GmbH to the holders of the 2015/2020 convertible bond issued by publity AG serves solely as non-binding information for the reader.
  • The purchase offer of TO-Holding GmbH takes place exclusively on the basis and in accordance with the conditions of the purchase offer to be published by TO-Holding GmbH.

Update on the amendment of terms and conditions of convertible bonds

Retrieved on: 
Friday, May 29, 2020
Finance, Money, Corporate finance, Economy, Convertible bond, Bond, Convertible security

The Bondholders who agreed as of today with the amendments jointly hold ca.

Key Points: 
  • The Bondholders who agreed as of today with the amendments jointly hold ca.
  • 86% of the principal amount of the Convertible Bonds outstanding as of the date of this announcement, excluding the Convertible Bonds held by a direct subsidiary of the Company.
  • Consequently, as of such date, the Convertible Bonds shall bear interest on their principal amount, at a fixed rate of 5.25% per annum, payable as defined in the Terms and Conditions.
  • In the week following 31 May 2020, the Company will pay all accrued interest due on all outstanding Convertible Bonds.

Renewi plc: Covid-19 update

Retrieved on: 
Friday, May 29, 2020
Balance sheet, Bond

Renewi entered the crisis with well-established risk processes and crisis plans in place.

Key Points: 
  • Renewi entered the crisis with well-established risk processes and crisis plans in place.
  • When the potential scale of the crisis became clear in February, we constituted a Virus Response Team (VRT), drawing on cross-functional experts from across Renewi.
  • Renewi has additionally been focused on strengthening the balance sheet, including strategic disposals and a new bond issuance last year.
  • Swift and decisive action has been taken by Renewi to reduce operating costs and preserve cash-flows, saving 60m during FY21.

Granite REIT Announces Its Green Bond Framework

Retrieved on: 
Thursday, May 28, 2020
REIT, Environment, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Government bonds, Climate bond, Climate change policy, Bond

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) today announced its Green Bond Framework.

Key Points: 
  • Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) today announced its Green Bond Framework.
  • Our Green Bond Framework enables Granite to raise capital in support of its sustainable investments and other energy conservation initiatives.
  • Sustainalytics issued a second party opinion confirming that Granites Green Bond Framework aligns with the International Capital Markets Association Green Bond Principles 2018.
  • To enable investors and other stakeholders to follow the development of Granites green bond program and to gain insight into how the net proceeds of any green bond issuance will be used, Granite will provide annual updates on its website and in its Annual Report until the net proceeds of a green bond issuance are fully allocated to Eligible Green Projects, as defined in the Green Bond Framework.

KBRA Releases Research – Coronavirus (COVID-19): Federal Rescue Response: The True Cost and Where the Money Is Going

Retrieved on: 
Wednesday, May 27, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Credit rating agencies, Nationally recognized statistical rating organization, Kroll Bond Rating Agency, Prospectus, Shelf registration, Bond credit rating, Asset-backed security, Security, Bond

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus.
  • 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).
  • Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

DGAP-News: Bond Resources Announces New Directors

Retrieved on: 
Wednesday, May 27, 2020
IDAHO, Bond, United States

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - BOND RESOURCES INC. (CSE: BJB) (the "Company" or "Bond") announces the following new appointments to the Board of Directors, following the closing of the acquisition of MJ Mining Inc., a private Canadian company whose wholly-owned US subsidiary holds the contractual rights to acquire the Mary K Property in Idaho, USA (the "Property").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - BOND RESOURCES INC. (CSE: BJB) (the "Company" or "Bond") announces the following new appointments to the Board of Directors, following the closing of the acquisition of MJ Mining Inc., a private Canadian company whose wholly-owned US subsidiary holds the contractual rights to acquire the Mary K Property in Idaho, USA (the "Property").
  • The Honourable Scott Brison of Windsor, Nova Scotia and Valry Zamuner of Outremont, Quebec were appointed directors of the Company following the resignations of Gary Arca and Cynthia Avelino.
  • About Bond Resources: Bond Resources is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho.
  • Led by industry veterans and located in the mining friendly jurisdiction of Idaho, USA, Bond Resources combines the technical expertise of industry experts and a transparent communications model to increase shareholder value.

DGAP-News: Mangrove LuxCo III S.à r.l.: Q1 2020 investor conference call

Retrieved on: 
Wednesday, May 27, 2020
Aquatic ecology, Mangrove, Bond, Oceanography, Organisms, Nature

We are pleased to invite you to the Q1 2020 investor conference call of Mangrove LuxCo III S. r.l.

Key Points: 
  • We are pleased to invite you to the Q1 2020 investor conference call of Mangrove LuxCo III S. r.l.
  • will discuss the bondholder reports for quarter ended March 31, 2020 and the results of operations of Mangrove LuxCo III S. r.l.
  • The conference call will also include a discussion of the operational performance of the Mangrove Group and its subsidiaries, including Kelvion and ENEXIO, on a pro-forma basis for Q1 2020.
  • The Group's bondholder reports will be released on May 29, 2020 at the investor website of the Mangrove Group at Syndtrak.

DGAP-News: publity AG: publity AG resolves to issue a corporate bond with a volume of up to EUR 100 million

Retrieved on: 
Wednesday, May 27, 2020
Bond, Coupon, Finance, Corporate bond, Money, Economy, Bond market, Fixed income analysis, Financial markets

and five-year term

Key Points: 
  • and five-year term
    Frankfurt/Main, 27/05/2020 - On 25/05/2020, the Executive Board of publity AG ("publity", ISIN DE0006972508, Scale) resolved, with the consent of the Supervisory Board, to issue a corporate bond with a volume of up to EUR 100 million ("publity Bond 2020/2025").
  • The publity bond 2020/2025 (ISIN DE000A254RV3) with a term of five years has a denomination of EUR 1,000 and an coupon rate of 5.50% p.a.
  • In addition, the participants in the exchange offer can acquire further bonds of the publity bond 2020/2025 at an issue price of EUR 1,000 per bond during the exchange period (additional purchase option).
  • The issue price is EUR 1,000 per bond and thus corresponds to 100% of the nominal amount.