Hints and tips:
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...We’re assuming (b) ended up winning there....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...More than half of single-B minus rated US companies would not be generating enough cash to cover their capital expenditure while servicing their debt by year-end, analysts at Moody’s project....
...Class B and D stock, which is nearly all owned by Refinitiv and its affiliates, receives 10 votes per share....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...When banks were racing to lend to companies and private equity firms at the start of the year, a US business with a lowly single B debt rating could expect an interest rate of roughly 4.74 per cent....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...“We’re worried about deteriorating macro conditions, and that’s traditionally not the time when investors deploy a lot of capital into the single-B [corporate debt rating] risk.”...
...The plaintiff was Cassie, the R&B singer, who alleged that Combs had raped her, beaten her and blown up a romantic rival’s car. Combs denied the allegations....
...Supermarkets and “variety discounters” such as B&M and Home Bargains have been undercutting it on staples such as deodorant, shaving products and toiletries, while online rivals and department stores are...
...The US WTI oil benchmark closed at $72.34/b. And it isn’t just crude....
...b. Line of Credit: On multiple occasions, Bankman-Fried directed FTX to increase the amount by which Alameda could maintain a negative balance in its account....
...Tiger Global told investors more than half of the fund’s investments were in Series A or Series B deals, typically the first or second big financings for private tech companies....
...This edition features these stories from ft.com Boris Johnson moves to Plan B to control Omicron spread amid MPs’ anger DoJ notifies Deutsche Bank it may have violated US criminal settlement Big Four...
...Tiger led the $1.8bn Series B funding round backed by about 30 investors....
...That will drag down the overall issuer rating to a B level. Analysts at the research group Covenant Review also highlighted some weak investor protections in the deal documents....
...Because both entities are deeply involved in this “space” and now need to a) feel better about themselves and b) guard against people going off crypto on the grounds that it is actually a Very Bad Thing....
...Expectations for economic growth need to be cut as the B.1.1.7 coronavirus variant spreads beyond UK borders, and lockdowns across the continent could extend months beyond current estimates, the fund’s head...
...“If [within a year] there is little action because of Covid-19 and Brexit then we would certainly do something ourselves directly — that is plan B.”...
...b) this person, whom the lawyers have not identified, is, like Mr Kulibayev, a member of the Forbes list of the 50 richest people in Kazakhstan c) the employees of Mr Kulibayev’s companies who worked on...
...No wonder the government is already considering switching to plan B, commissioning a separate app that uses Google and Apple technology....
...AGP, the existence of “schemes and arrangements” between Mr Kulibayev and ETK, the receipt by Mr Kulibayev of money from contracts related to the pipeline, nor any benefit having been gained by Petroleum LLC...
...Verisure, whose biggest shareholder is US private equity fund Hellman & Friedman, priced €200m of bonds with a single B credit rating, several notches below investment grade....
...The company, whose roster of artists includes Cardi B, pictured below, and Meek Mill, priced towards the higher end of the range....
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