Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Sea Ltd is raising about $6bn by selling shares and convertible bonds in order to fund expansion. Lex says size is critical in south-east Asia....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...“Bonds continue to tell a different story of fear of slowdown and unending virus concerns....
...USA Inc — in other words offering a dire signal on the outlook”....
...jonathan.guthrie@ft.com Letters in response to this column: Focus on the haystack — not on the needles / From Brendan P Geary, Washington, DC, US Active v passive: put more faith in market forces / From...
...To cap it off, the external valuation of the portfolio (undertaken by CBRE) contained a ‘material uncertainty’ clause in line with RICS guidance....
...But asset managers, used to trading stocks and bonds, may find themselves in too deep. (WSJ) The biggest tax heist ever?...
...AZN doesn’t have any cash resources of note and the equity raise last year would suggest (AZN couldn’t roll debt) tapping the bond market is an unlikely option now....
...WPP will also reduce is planned capex from £400m to v£300m....
...Virgin Louis V on my back, baby. Living fast, dying slow, that's the catch, baby. Suicide doors, [MUTED] around and crash, baby. I do the dash, baby....
...The San Francisco-based company has hired the IPO advisory firm Class V, which was founded by Lise Buyer, a former investor and investment banker who worked on Google’s 2004 public offering....
...Shannon Liss-Riordan, a lawyer for the drivers in O’Connor v Uber Technologies, the main case before the court, said she was considering appealing to the full Ninth Circuit, and urged drivers to take their...
...Lyft has hired the IPO adviser Class V, which was founded by Lise Buyer, one of the key architects of Google’s 2004 Dutch auction. But Uber will not be far behind....
...KKR, the private equity group which built up a significant position in its bonds before the filing, will have a controlling shareholding once it exits bankruptcy....
...“It’s not like the standard V-shaped recession in emerging markets, such as in Indonesia in 1998 where it’s only a year and a half of real economic hardship,” he said....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...That section comes with the following caveat: ...provided, however, that this... shall not include the proceeds from (V) the Equity Contribution, (W) Refunding Capital Stock (as defined below), (X) Equity...
...On May 3, 2018, the Company and its subsidiary Tesla Motors Netherlands B.V. entered into the Ninth Amendment (the “Ninth Amendment”) to the Credit Agreement....
...Debt investors do not simply buy “Altice bonds” — the company splits its €51bn of debt across several distinct “silos”....
...In Silverstein’s downtown neighbourhood, office leasing activity dipped in the first quarter of 2018 and available space is already near its 2012 peak, according to CBRE, though the broker has forecast a...
...Not months.” - Zion President, Dustin Guinn #israel $zn — Zion Oil & Gas, Inc....
...A version of this article was first published by the Nikkei Asian Review on July 4 2018. ©2018 Nikkei Inc. All rights reserved....
...Shire’s $32bn takeover of Baxalta was financed through a $12.1bn bond issuance that took the company’s debt to 4.5 times its earnings before interest, tax, depreciation and amortisation....
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