Bond market

Global Green Bond Market Report 2022: Analysis by Type of Issuer, Sector, & Region - Market Insights and Forecast 2017-2021 & 2022-2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, March 18, 2022
Alternative Energy, Energy, Professional Services, Finance, CAGR, USD, Urbanization, Investment, Porter's five forces analysis, Bond market, Transport, Growth, Energy, CO2, Government, Development finance institution, SWOT, Industry, Water, COVID-19, Type, Corporate bond, Local government, BOK Financial Corporation, New Development Bank, Awareness, Corporation, Renewable energy, Security (finance), Agriculture, Country

The "Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Green Bond Market was valued at USD 433.30 Billion in the year 2021.
  • Green bonds are used to fund green projects such as renewable energy, clean transportation, and long-term water management.
  • Europe is estimated to hold the maximum share in the global Green Bond Market in 2021.

DGAP-News: Pareto Securities continues to be the market leading manager in the Nordic and SME Bond markets in Scandinavia and Germany thanks to successful track record in H1 2021

Retrieved on: 
Tuesday, August 3, 2021
Financial markets, Finance, Money, Economy, Bond market, Fixed income, Foreign exchange market

EUR 6.0 billion in the Nordic Bond market in Q2 2021 alone

Key Points: 
  • EUR 6.0 billion in the Nordic Bond market in Q2 2021 alone
    Green and sustainability-related debt financing on the rise, especially in the Nordic bonds, but also in the German SME bond market
    Frankfurt, August 2, 2021.
  • Already in the first quarter of 2021, 59 transactions with a total volume of EUR 4.6 billion were placed successfully.
  • Lutz Weiler, CEO Pareto Securities Germany, states: "We were able to further expand our position as a leading player in the Nordic Bond segment in the first half of 2021.
  • Pareto Securities has a leading position in the Nordic financial markets and a strong international presence.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Retrieved on: 
Monday, August 2, 2021
Professional services, Finance, Finance, Money, Financial District, San Francisco, Economy, Financial markets, Wells Fargo, Investment funds, Bond market, Bond fund, Yield, Companies listed on the New York Stock Exchange

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

KBRA Assigns Preliminary Ratings to VCP RRL ABS I, Ltd.

Retrieved on: 
Friday, July 23, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Economy, Credit risk, Structured finance, United States housing bubble, Bond market, Credit, Credit enhancement, Securitization, Credit rating agency, Bond credit rating

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by VCP RRL ABS I, Ltd. (VCP RRL I), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by VCP RRL ABS I, Ltd. (VCP RRL I), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
  • The ratings reflect initial credit enhancement levels, excess spread, and structural features.
  • The portfolio presented to KBRA contains exposures to 43 obligors with 65.3% of the par exposure to the RRLs.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

KBRA Assigns Preliminary Ratings to RRE 7 Loan Management DAC

Retrieved on: 
Thursday, July 22, 2021
Professional services, Finance, Finance, Money, Economy, Loans, Credit risk, Bond market, Bond, Credit rating agency

Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.

Key Points: 
  • Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.
  • RRE 7 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (RRAM UK or the collateral manager).
  • The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.
  • The collateral in RRE 7 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors.

Ferroglobe Announces (A) Results of Offer to Exchange the 9⅜% Senior Notes Due 2022 for a Combination of New 9⅜% Senior Secured Notes Due 2025 and Equity Fee and Consent Solicitation Relating to the 9⅜% Senior Notes Due 2022 and (B) Receipt of Offer

Retrieved on: 
Thursday, July 22, 2021
Bond market, Contract law, Indenture, Covenant, Discrimination in the United States, Law, Racism in North America

LONDON, July 22, 2021 (GLOBE NEWSWIRE) -- Ferroglobe PLC (the “Parent”), Ferroglobe Finance Company, PLC (the “UK Issuer”) and Globe Specialty Metals, Inc. (“Globe” and, together with the UK Issuer, the “Issuers”) today announces the results of its previously-announced offer to qualifying noteholders to exchange (the “Exchange Offer”) any and all of the 9⅜% Senior Notes due 2022 issued by the Parent and Globe (the “Old Notes”) for a total consideration per $1,000 principal amount of Old Notes comprising (i) $1,000 aggregate principal amount of new 9⅜% senior secured notes due 2025 to be issued by the Issuers (the “New Notes”) plus (ii) a cash fee, which the Parent will, at the direction of the qualifying noteholders (which direction shall be deemed to be given by such qualifying noteholders participating in the Exchange Offer and Consent Solicitation), apply as cash consideration for a subscription of new ordinary shares of the Parent, as set forth in the announcement made by the Parent on June 23, 2021, or in any other manner that the Ad Hoc Group (as defined below) may agree with the Parent.

Key Points: 
  • The Proposed Amendments provide for the elimination of substantially all of the restrictive covenants, all of the reporting covenants and certain of the events of default in the Old Notes Indenture.
  • The consummation of the Exchange Offer remains subject to satisfaction or waiver of certain conditions (the Exchange Offer Conditions).
  • The Parent has received offers from qualifying noteholders or their nominated participants to purchase $22,017,916 in principal amount of additional senior secured notes due 2025 (the Super Senior Notes).
  • Forward-looking statements are not historical facts but are based on certain assumptions of management and describe Issuers future plans, strategies and expectations.

SumRidge Partners, LLC Announces the Hiring of Marshall Nicholson as Senior Advisor

Retrieved on: 
Wednesday, July 7, 2021
Banking, Professional services, Finance, Financial markets, Finance, Money, Fixed income, Municipal bond, Bond market, Jefferies Group

SumRidge Partners , LLC, (SumRidge) a top-ranked principal based fixed income market maker, announces the hiring of Marshall Nicholson as a Senior Advisor to the firm.

Key Points: 
  • SumRidge Partners , LLC, (SumRidge) a top-ranked principal based fixed income market maker, announces the hiring of Marshall Nicholson as a Senior Advisor to the firm.
  • Mr. Nicholson has over 20 years of experience in electronic fixed income trading, having served as President of Millennium Advisors, LLC, and, most recently, as President of ICE Bonds.
  • After a record 2020 in which we traded approximately $100 billion in fixed income securities with over 1,000 distinct counterparties, we are excited to partner up with Marshall.
  • SumRidge Partners, LLC is a top ranked electronic fixed income market maker, specializing in high yield and investment grade corporate bonds, municipal bonds, institutional preferred securities and emerging market bonds.

TORA integrates Glimpse bond data solution to empower the Buy-Side

Retrieved on: 
Wednesday, July 7, 2021
Financial markets, Finance, Money, Economy, Bond market, Fixed income, Foreign exchange market, Tora

TORA users will now be able to seamlessly view Glimpse's aggregated buy-side execution data inside TORA's OEMS at point of trade.

Key Points: 
  • TORA users will now be able to seamlessly view Glimpse's aggregated buy-side execution data inside TORA's OEMS at point of trade.
  • Glimpse Markets, is a fixed income data sharing platform that provides the buy-side with a post-trade data-sharing service for bond investors.
  • Both TORA and Glimpse are focused on building more transparency in bond markets and improving data for institutional investors.
  • Paul O'Brien, Founder, Glimpse Markets commented "We are delighted to be collaborating with TORA and making our execution data available in their OEMS.

DGAP-News: Grünenthal GmbH:

Retrieved on: 
Tuesday, July 6, 2021
Bond market, Contract law, Indenture

Grnenthal, a science-based pharmaceutical company and a leader in pain therapy, announced today that it has launched an offering (the "Offering") of 300,000,000 aggregate principal amount of additional senior secured notes.

Key Points: 
  • Grnenthal, a science-based pharmaceutical company and a leader in pain therapy, announced today that it has launched an offering (the "Offering") of 300,000,000 aggregate principal amount of additional senior secured notes.
  • The notes will be issued under the existing indenture dated May 5, 2021, pursuant to which Grnenthal GmbH issued its existing 400,000,000 senior secured notes due 2026 and 250,000,000 senior secured notes due 2028.
  • Grnenthal is headquartered in Aachen, Germany, and has affiliates in 29 countries across Europe, Latin America and the US.
  • In 2020, Grnenthal employed around 4,500 people and achieved sales of 1.3 bn.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Finance, Money, Financial District, San Francisco, Economy, Financial markets, Wells Fargo, Investment funds, Bond market, Bond fund, Yield, Companies listed on the New York Stock Exchange

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.