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....
...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....
...Class A stock, which is publicly traded, and class C stock received one vote for each share in the company....
...A UK target to require all new rentals to carry a C rating first mooted for 2025 still has no firm deadline or legal standing....
...(c) Additional Considerations....
...(b) is very unlikely. The chances of (c) are impossible to estimate, even granting that Putin looks weaker now....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...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....
...“It wasn’t Plan B, it was Plan C.” Knysh called in a favour from an old mentor, Vsevolod Kozhemyako, chief executive of grain company Agrotrade and one of Ukraine’s richest men....
...The minimum standard is set to rise to a C rating by 2027 and to a B by 2030, a level which around 70 per cent of offices in the capital fall short of, according to Savills....
...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...
...(FT) The real M.B.Z Mohammed bin Zayed, the leader of the United Arab Emirates, lurks behind the scenes but is arguably one of the most powerful figures in the Arab world....
...(iii) But the standouts were the tight operational controls with discretionary spend falling away – i.e. a c£5m travel spend falling to very little and less use of sub-contractors and of course salary sacrifice...
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...From a balance sheet perspective, net cash as at the 30th of June is c£305m, this is down from c£430m at the last update with the timing of land payments flagged in the statement....
...In the case of the single B sector, the absence of EM&M entails a tightening of 50bp since triple C and single B traded at their narrowest spread in late-April....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...Letter in response to this article: Amazon’s ploy has given it a huge advantage over competitors / From John B Griffiths, Seattle, WA, US...
...It could either be a) CITIC Capital's January purchase of French beauty business Axilone b) Oaktree's sale of serviced apartment company SACO to Brookfield Asset Management for £430m in February or c) buyout...
...currently held in an E*Trade brokerage account ending in the digits “0258” as security for Shkreli’s bond, pursuant to orders of the Court dated January 7, 2016, August 24, 2016 and October 19, 2017; (b)...
...As well as proposing to float with B shares that carry 10 votes for every class A single vote, it aims to have the right to issue non-voting C shares similar to those of Snap in last year’s notoriously voteless...
...The Oil and Gas Holding Company B.S.C., which is fully owned by the kingdom of Bahrain, has sold $1bn of bonds as a rush of unprecedented capital markets borrowing from the Middle Eastern region continues...
...Greece holds triple-C credit ratings from Moody’s, Fitch and DBRS, while S&P pegs it in the higher single-B category....
...The site is overshadowed by EDF’s existing Hinkley Point B power station, due to be decommissioned in 2023, and Hinkley Point A, which closed in 2000....
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