Hints and tips:
...We’re assuming (b) ended up winning there....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...Class B and D stock, which is nearly all owned by Refinitiv and its affiliates, receives 10 votes per share....
...The fact that some of the largest lenders in the US are stuck holding some of the riskiest debt may also concern regulators....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...The downgrade — to triple B minus, from the triple B issued in August — follows similar reductions earlier this month from S&P’s fellow agencies Moody’s and Fitch, although their ratings remain higher at...
...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....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Bruno Crastes, the chief executive of H2O Asset Management, is stepping down from the Tennor Holding board, a company owned by Lars Windhorst....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...It is also buying one-fifth of the privately held B shares for a total of 62 per cent of the business....
...That caveat aside, we can make some guesses, based on the fact that their only reported Tesla holdings are convertible bonds....
...Go-Jek investors to date include Singapore’s Temasek Holdings, KKR and Sequioa. The company provides ride-hailing, food delivery and e-payment services....
...S&P cut the company’s rating one notch to B-, deeply in “junk” territory....
...Zuckerberg retains a significant portion of his holdings of Class B common stock for an extended period of time, he could, in the future, continue to control a majority of the combined voting power of our...
...S&P cut DWCP’s company rating to junk, to double B from triple B minus....
...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....
...Plan B is urgently required....
...On Japan’s Topix oil & coal production index, the best performers were Fuji Oil (4.4 per cent), Cosmo Energy Holdings (3.3 per cent) and JX Holdings, a holding company for a number of subsidiaries in exploration...
...The series B financing round takes the total raised by Ripple to $93m. Early investors in the company including Google Ventures, Andreessen Horowitz, IDG Capital Partners and AME Cloud Ventures....
...The Securities and Exchange Commission announced that Robert B Stebbins, a partner at Willkie Farr & Gallagher, has been named General Counsel of the agency....
...& Poor’s warned on Thursday that it may cut Pershing Square’s credit rating after the hedge fund was hard hit by the share price collapse of Valeant – the Canadian drugmaker that is one of its biggest holdings...
...Single and Double-A rated debt have returned about 1 per cent over the past three months, compared to a 0.4 per cent decline for triple-B bonds, according to Barclays data....
...and morphed “Grandma’s Hands” into “Ain’t No Sunshine”....
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