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...The recommendation for the church to target £1bn for its new “impact investment fund”, through third-party and additional church funding, was one of a series of recommendations made in the group’s report...
...However, covenants are not straightforward....
...The deal would need to be structured to avoid triggering change-of-control covenants on $17bn of Altice’s bonds, as Covenant Review points out in a separate note....
...Bishop Rosemarie Mallett, who chaired the group, told the BBC’s Today programme that the £100mn already earmarked by the church for a new investment fund for Black communities was “not enough”....
...When I heard news of the Church of England’s £100mn initiative to combat the effects of chattel slavery and received an invitation to join the oversight group, I was struck with hope....
...Hong Kong’s Catholic Church has sought to reassure believers that confessions will remain confidential even after the Chinese territory approves a tough new security law....
...While change of control covenants might very well be part of the standard boilerplate template that legal firms and banks start with when putting together a new issue, not every bond will have one....
The Church of England; productivity; algorithms; tech journalism; baby toys; Cadbury’s; and classics
...If a new bond is issued whilst the first is outstanding, many deals refer back to the original issue date, which is what Altice did....
...This isn’t great news for Chemours, putting it mildly....
...And Eklof has become so disillusioned by the church’s leadership that earlier this year he set up a new association that some believe might end up splitting the church in two....
...The founder was called “our Father”, Montero explained, because God had shown him the need for a new family within the Church. It was important that all Opus Dei centres felt like homes too....
...— wrote powerfully about the theme of betrayal in the Christian tradition as it is captured by artists across the centuries (“Past betrayals and new beginnings”, Life & Arts, March 30)....
...As well as the nine new bishops, four others who were part of the synod have joined the Tigrayan church....
...“The job of a designer is to do something new. To find a new way of seeing something or a new way of mixing things.” How does he balance the avant-garde and the wearable in his work?...
...Take for example the “J Crew blocker” that has been increasingly popular in loan covenants....
...This year, there is a new calendar entrant from a rather unlikely place. The Church of England has, for the first time in its history, released an advent calendar....
...Priests hurried through the lengthy Orthodox Christian service before mourners in the church could pay their respects to Navalny, according to independent Russian news sites....
...— The first round of U.S. secondary sanctions on Russia is working (JP Koning) — Millionaire church financier deletes right-wing posts (Church Times) — Warren Buffett’s greatest trade (TKer) — Bewildered...
...a “rare ‘dividend aristocrat’ in the UK real estate sector, delivering consecutive dividend growth over each of Harry’s 28 years as chief executive of the company, generated from the lowest-risk tenant covenant...
...The Holy Synod of the Church of Greece sent a letter last week to the 300 members of the Greek parliament, stressing the damage it said the new law would wreak on the institution of the family and children...
...It is a phenomenon that journalist Tim Alberta, who previously wrote a seminal account of Trump’s semi-hostile takeover of the Republican party, tries to explain in his new book, The Kingdom, the Power,...
...Yet it is worthy of second look as this is a rare example of a new church on a prominent site with a very public function of not just worship but memory....
...Having liquidity and a semi-active secondary market would by definition remove some of the privacy from private credit, as both CreditSights and Covenant Review have pointed out in recent notes....
...concerns about the new definition....
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