Collateralized debt obligation

Mobi724 Closes a $845,000 Private Placement & Accepts a Conditional Loan Offer of up to $2,300,000 from the Government of Quebec via Investissement Quebec

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星期三, 六月 23, 2021

Each Unit is comprised of one common share of the Company (a "Common Share") and a three-quarters Common Share purchase warrant of the Company (a "Warrant").

Key Points: 
  • Each Unit is comprised of one common share of the Company (a "Common Share") and a three-quarters Common Share purchase warrant of the Company (a "Warrant").
  • The proceeds from the sale of Units will be added to working capital in furtherance of the Company's business.
  • The two subsequent tranches are to be disbursed by December 31, 2021 subject to compliance with the conditions set out in the Loan Offer.
  • This news release does not constitute a solicitation to buy or sell any securities in the United States.

Biophytis announces new convertible bond financing for up to €32 million with Atlas and drawing of 2 tranches under the 2020 Atlas Contract for €6 million

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星期六, 六月 19, 2021

The Company also announces the issuance of 240 ORNANE Bonds, for a total amount of 6 million under its existing convertible bond agreement with Atlas (the 2020 Atlas Contract).

Key Points: 
  • The Company also announces the issuance of 240 ORNANE Bonds, for a total amount of 6 million under its existing convertible bond agreement with Atlas (the 2020 Atlas Contract).
  • Subject to the issue of the eighth and last tranche under the 2020 Atlas Contract, the 32 million total financing can be drawn by Biophytis over the next three years, without obligation, through 8 successive tranches of 4 million each.
  • The 24 million total financing can be drawn by Biophytis over the next 3 years, without obligation, through 8 successive tranches of 3 million each.
  • After the drawing of the 4th and 5th tranches for a total of 6 million, 9 million will remain from the current instrument.

Panagram Structured Asset Management Announces Launch

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星期二, 六月 15, 2021

Panagram Structured Asset Management (Panagram), an Eldridge business and an SEC-registered investment adviser (RIA) specializing in structured credit, today announced its launch.

Key Points: 
  • Panagram Structured Asset Management (Panagram), an Eldridge business and an SEC-registered investment adviser (RIA) specializing in structured credit, today announced its launch.
  • Panagram is led by John Kim, former Principal and Head of Structured Products at Eldridge.
  • Panagram is one of the largest CLO structured lead investors in the market, with approximately $12 billion in CLOs and more than 45 control positions currently managed.
  • Panagram Structured Asset Management is an investment adviser specializing in structured credit, including: Collateralized Loan Obligations (CLO), Asset Backed Securities (ABS), and Commercial Real Estate (CRE).

Cohen & Company Sets Release Date for First Quarter 2021 Financial Results

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星期二, 五月 4, 2021

b'PHILADELPHIA and NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2021 on Thursday, May 6, 2021.

Key Points: 
  • b'PHILADELPHIA and NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2021 on Thursday, May 6, 2021.
  • Interested parties can access the webcast by clicking the webcast link on the Company\xe2\x80\x99s homepage at www.cohenandcompany.com .
  • Financial Group, LLC in the United States and Cohen & Company Financial (Europe) Limited in Europe.
  • As of March 31, 2021, 67.7% of the Company\xe2\x80\x99s assets under management were in collateralized debt obligations that Cohen & Company manages, which were all securitized prior to 2008.

PeerStreet Launches ‘Pocket’ — a New Way for Investors to Earn Interest on Available Cash

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星期一, 一月 25, 2021

PeerStreet, a platform for investing in real estate backed loans, today announced the launch of PeerStreet Pocket, a new investment product allowing investors to earn more interest on their cash.

Key Points: 
  • PeerStreet, a platform for investing in real estate backed loans, today announced the launch of PeerStreet Pocket, a new investment product allowing investors to earn more interest on their cash.
  • Money that is invested in Pocket may be used to warehouse loans before they are sold to investors on the PeerStreet marketplace.
  • Pocket is a direct response to our customers' request for a liquid, interest yielding alternative to holding cash.
  • PeerStreet Pocket accounts are available to accredited PeerStreet investors, with as little as a $1,000 initial deposit.

Western Asset Mortgage Capital Corporation Announces Co-Chief Investment Officer Appointments and Provides a Note Repurchase Update

Retrieved on: 
星期四, 十二月 31, 2020

He joined Western Asset Management Company, LLC (Western Asset) in 1995; he is a portfolio manager and a member of Western Assets Mortgage and Consumer Credit team, bringing over 31 years of investment management experience.

Key Points: 
  • He joined Western Asset Management Company, LLC (Western Asset) in 1995; he is a portfolio manager and a member of Western Assets Mortgage and Consumer Credit team, bringing over 31 years of investment management experience.
  • Mr. Handler is Co-Head of the Mortgage and Consumer Credit team at Western Asset and has been investing in the mortgage sector for more than 18 years.
  • Mr. Handler joined Western Asset in 2002; he is a lead portfolio manager on Western Assets dedicated mortgage portfolios and a member of Western Assets US Broad Strategy Committee.
  • They both have strong track records at Western Asset and are well suited to lead the investment team at WMC.

RMA Paper Addresses How Negative Interest Rates Could Affect Securities Lending

Retrieved on: 
星期一, 十月 5, 2020

PHILADELPHIA, Oct. 5, 2020 /PRNewswire/ -- A new RMA white paper highlights the issues the securities lending industry must address in the event of a negative interest rate policy in the U.S.

Key Points: 
  • PHILADELPHIA, Oct. 5, 2020 /PRNewswire/ -- A new RMA white paper highlights the issues the securities lending industry must address in the event of a negative interest rate policy in the U.S.
    "Your First Run-In with Negative Interest Rates?"
  • offers considerations for negative interest rates in the U.S. and their potential impact on securities lending when the collateral is cash.
  • How negative rates could affect the demand and economics of securities lending.
  • "Negative interest rates could affect every aspect of securities lending, including borrower demand, investment valuation, taxation, accounting, operating models, and more," said Fran Garritt, Director, Securities Lending, The Risk Management Association.

KBRA Assigns Preliminary Ratings to Wind River 2020-1 CLO Ltd.

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星期二, 九月 15, 2020

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Wind River 2020-1 CLO Ltd. (Wind River 2020-1), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Wind River 2020-1 CLO Ltd. (Wind River 2020-1), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of corporate loans.
  • Wind River 2020-1 is managed by First Eagle Alternative Credit, LLC (the collateral manager) and will have a five-year reinvestment period.
  • The ratings reflect initial credit enhancement levels, excess spread, coverage tests including par value ratio and interest coverage tests, and a reinvestment diversion test.
  • The collateral in Wind River 2020-1 will mainly consist of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.

DebtX Offers $366 Million Real Estate Portfolio in the Nation of Colombia

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星期四, 七月 23, 2020

DebtX, the largest secondary marketplace for loans, today announced it is offering a $366 million portfolio of real estate assets in Colombia.

Key Points: 
  • DebtX, the largest secondary marketplace for loans, today announced it is offering a $366 million portfolio of real estate assets in Colombia.
  • The properties are government-owned and are located mostly in urban areas of Colombia, the fourth largest economy in South America.
  • DebtX CEO Kingsley Greenland said: This portfolio is an opportunity for investors to establish a significant real estate presence in one of the largest economies in South America.
  • For loan originators and risk managers, DXScore is the firms credit rating system for commercial real estate loans.

Bridge Launches Agency MBS Strategy

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星期二, 七月 7, 2020

Bridge Investment Group (Bridge), one of the largest private equity real estate managers with over $20 billion of assets under management, announced today the launch of their Open-Ended Agency Mortgage-Backed Securities strategy via the Bridge Agency MBS Fund Manager LLC (Bridge Agency MBS).

Key Points: 
  • Bridge Investment Group (Bridge), one of the largest private equity real estate managers with over $20 billion of assets under management, announced today the launch of their Open-Ended Agency Mortgage-Backed Securities strategy via the Bridge Agency MBS Fund Manager LLC (Bridge Agency MBS).
  • Prior to joining Bridge, Mr. Chandarana managed Fannie Maes Agency MBS and Collateralized Mortgage Obligations portfolio.
  • Bridge Agency MBS invests in residential mortgage-backed securities (Agency MBS) that are guaranteed by a U.S. Government Sponsored Entity (GSE), with a proprietary strategy designed to mitigate market dislocations and preserve principal.
  • Via Bridges subsidiary Bridge Agency MBS Fund Manager LLC, Bridge has already raised capital to create a greater than $600 million diversified portfolio.