Bonds
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Position for Defence DCM
Defence DCM – across bonds, private credit, securitisation and leveraged finance – is likely to grow very rapidly.
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Interesting Electronic Arts Liability Management – Bond Prices Fall
Electronic Arts’ acquiring group announced plans to potentially defease EA’s outstanding bonds – catching some investors by surprise. Bond prices fell rapidly.
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Creditors Ask Court to Throw Out Optimum Antitrust Case that Could Change the Future of the Private and Public Credit Markets
The precedent set in this transaction will affect the relative power of creditors and issuers in stressed situations.
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Good News for London DCM as JPMorgan Lifts Banker Bonus Cap to 10x Salary
JPMorgan is increasing its cap on banker bonuses in the UK from 2 times their base salary to 10 times. This dramatically increases the amount that…
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SBB’s Tender Offer Helps Support Its Bond Prices
SBB (Samhällsbyggnadsbolaget i Norden AB) is a Swedish real estate company that owns public real estate across the Nordic region – including social housing, hospitals and…
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WeWork Misses Note Payment To Begin Bondholder Negotiation
WeWork has elected to not pay due interest on five notes. This comprises $37.3m in cash and $57.9m in PIK notes. The notes on which interest…
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What $100 Oil Means For Credit Markets
Brent crude oil prices topped $95 per barrel today – continuing their 30% rally since June. Saudi Arabia and Russia decided to reduce their supply in…
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Jurisdictions Compete to Become Hubs for Bond Innovation – Hong Kong Issues HK$ 800m 4.05% 1-Year Tokenized (Blockchain) Green Bond
Hong Kong has issued a HK$ 800m (approximately US$ 100m) green tokenized bond. Coupon payments, principal payment at maturity and secondary trade settlement use data in…