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....
...“We haven’t seen a very large single-B leveraged buyout tested in our market but . . . I think there’s demand for it.” Investors have had limited bond and loan financings to entertain this year....
...STC isn’t the first Gulf telecoms power to look to the west....
...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....
...While the guy is a multibillion-dollar whale, he doesn’t have any cash on him and isn’t in the mood to go through the tedious process of rustling it up....
...“They don’t have cash on hand and cash in the business to pay for severance and other wind-down cash expenses,” said one investor on the call. “It was lousy.”...
...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....
...Lies and truths aren’t diametrically opposed; they are interchangeable. The ones you choose simply depend on which side of the argument you’re on....
...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...
...Letter in response to this article: Internal market bill undermines the strength of our union / From The Most Reverend John McDowell and others...
...You don’t need the Russian translated to see that he was copied in: Vyacheslav Lukashev of ETK who sent that email also corresponds at length with various Kulibayev people....
..., head of restructuring and co-head of investment banking at B Riley FBR....
...(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....
...To this, the investor responded grimly, “Yes, but they couldn’t swing elections.” That’s not entirely true, of course....
...I think that B assets are getting priced like A assets and A assets are getting priced like A+ assets,” he says....
...These grant 1,000 votes per share, many times more than even the famous Facebook class B shares. The control structure goes back to Naspers’ early days as a Johannesburg-listed company....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...“I don’t know exactly how many tankers we had....
...It is also buying one-fifth of the privately held B shares for a total of 62 per cent of the business....
...“We don’t want to make that mistake....
...Here's Marks' second offender:The European market isn’t insulated from the trend toward generosity....
...One is that Moody's had the most negative rating on the bond -- Fitch rates the bond at BB-, while S&P have it a B+....
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