Hints and tips:
...AEL on Monday announced 18 per cent of its investment portfolio is now deployed in “higher-yielding privately sourced assets”....
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...lend private debt to borrowers in Turkey, we can get gas stations and apartments and shopping malls as uncorrelated collateral to their business yet still get 10 per cent additional yield per annum, or 18...
...As the Federal Reserve and other central banks have turned the screws on monetary policy over the past 18 months, investor worries have intensified that lowly-rated companies with large debt piles will struggle...
...A tantalising yield of 12 to 12.5 percentage points over the floating rate benchmark — or roughly 17 to 18 per cent — was discussed for the junior debt, two people said....
...The deal underscores how some private equity firms are working with lenders to counteract the surge in interest rates over the past 18 months....
...It was the second investigation into Looney the board opened in 18 months regarding his past relationships with employees....
...NMC was running two sets of accounts and guaranteeing supply-chain credit to related parties that it was failing to disclose, the FCA says....
...investor GTCR on Thursday set a new bar for ambition in today’s challenged takeover market with a deal to buy a majority stake in Worldpay from Fidelity National Information Services at a valuation of up to $18.5bn...
...It’s only 17, 18 trading days in July, and that trend has continued.”...
...Though Silver Lake paid $12.5bn, or $18.15 a share, for the software company, it wasn’t the price that sealed its victory, but instead antitrust issues....
...takeover interest from a range of investors, including property tycoon Nick Candy and THG non-executive director Iain McDonald, seeking to take advantage of a share price that has plunged over the past 18...
...When UBS entered into negotiations for an emergency rescue of Credit Suisse, Centerview also played a key role advising Credit Suisse....
...Leave your credit card in your wallet, don’t go near an ATM, and come armed with US dollars in cash that you can change into pesos on the ground. Not just any dollars, crisp $100 dollar bills....
...redeem their Shares and will not receive valuations until further notice.” 13 July 2022, from Celsius’ bankruptcy filing: Vauld 7 March 2022:https://twitter.com/VauldOfficial/status/1500871661737832449 18...
...Their earnings are expected to be down 18 per cent from the third quarter, however....
...By far the most important is The Worldwide Production Services LLC (WWPS), a Toronto-based film company that holds digital distribution rights to the ILBE-produced Puffins and Arctic Friends series....
...At the end of 2021, Vanguard, BlackRock and State Street, the three biggest index fund providers, together control on average 18.7 per cent of S&P 500 companies, according to Lazard....
...Then in March, Elliott and Brookfield Asset Management won a $16bn takeover of TV ratings group Nielsen, though the activist fund WindAcre Partnership, previously profiled by DD, has built an 18 per cent...
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...Anchorage announced in December that it was closing its $7.4bn flagship credit hedge fund, ACP Capital, after 18 years and returning the capital to its backers....
...(Across its ETFs, Ark owns stakes of more than 5 per cent in 37 companies, and owns more than 10 per cent of 18 of these companies, according to Morningstar.)...
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...“But given the experience of the last 18 months, I think people are either hoping it won’t or figure they keep deploying [cash] until it does so they don’t miss the upside.”...
...One big event to start: Join us for the third annual FT Business of Football Summit on February 17-18....
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