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...The water monopoly has come under increasing financial strain as higher interest rates have increased the costs of servicing its £18.3bn debt....
...The company has said it plans to keep servicing this debt despite the sovereign restructuring....
...Koudelka notes that these European products were initially only marketed to institutional investors, due to the nature of the underlying asset....
...This and every other piece of debt outside the ringfence depend solely for its servicing on dividends coming out of the ringfence....
...by the Company as of the date of the Acceleration Notice, which constitutes an event of default under the 2026 Notes Indenture (the “Event of Default”), and (iv) such holder is the beneficial owner of at...
...That suggests shoppers should not be the only ones watching their points accumulate, as more companies spin out the concomitant data into its own money-making unit....
...This notes that “within virtually all countries, mechanisms to restructure debts exist in the form of bankruptcy laws, which are now seen as a vital part of market economies”....
...The number of exits also fell sharply to 156, all bar five of which were via M&A. With a handful of companies expected to go public over the next 18 months, selectivity is key....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...As she notes on the episode, David Kostin from Goldman Sachs says the important thing to remember is that by the end of The Magnificent Seven (the 1960 film of the same name) four of the seven are dead....
...The short-term notes Argentina is trying to phase out were issued by the central bank as a way of soaking up excess pesos in the economy, created by the previous government’s reliance on money printing to...
...Solar power companies and farmers team up in “quite a grassroots kind of way”, said ASGA president Nick Armentrout....
...And the actor, naturally, was the United States of America....
...any restructuring or liability management transaction in relation to the Notes, such restructuring or transaction must deal with the Company’s indebtedness on a standalone basis and not as part of any contemplated...
...São Paulo faces the collapse of its electrical grid following years of under-investment, officials have warned, as widespread blackouts disrupt activity in the largest city in the Americas....
...Our Paris bureau chief, Leila Abboud has been gauging the mood on the ground, where as many as a third of local residents are planning to escape the city once the competition gets underway in July....
...This story has been corrected to note Mario Gabelli is the second-largest holder of Paramount’s voting shares, rather than NAI’s....
...Regular corporate bonds promise the holder timely payment of coupons and principal, aka cash. PIKs? No such luck....
...Though more than two-fifths of these are non-voting shares, Amundi ends up with two of the nine director seats on the US company’s board....
...“The ETF market remains fiercely competitive, even as ETFs become increasingly popular with retail investors,” said Shelly Antoniewicz, deputy chief economist at the Investment Company Institute....
...“Invesco worked tirelessly to garner these rights in respect of the company....
...The airline’s rebound has been slowed by the cost of servicing the more than £1bn it took on to survive the coronavirus pandemic, which prompted governments to close the skies and plunged the industry into...
...It also has £14bn of excess liquidity, enough to cover 150 per cent of 30-day outflows from its deposits, notes Numis....
...Aditya Bhave, an economist at Bank of America, wrote in a note to clients that March’s “blowout” retail sales numbers were “unequivocally strong”....
...The UK-based lender will book a $1bn hit to its pre-tax earnings in the first quarter of 2024 as a result of the sale, the latest in a series of moves to sell off parts of its operations....
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