Coupon Rate – WLAN Secure http://w-lansecure.biz/ Thu, 20 Jan 2022 16:49:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://w-lansecure.biz/wp-content/uploads/2021/04/default.png Coupon Rate – WLAN Secure http://w-lansecure.biz/ 32 32 Red Sea Development Company financially closes $3.76 billion loan https://w-lansecure.biz/red-sea-development-company-financially-closes-3-76-billion-loan/ Thu, 20 Jan 2022 15:17:57 +0000 https://w-lansecure.biz/red-sea-development-company-financially-closes-3-76-billion-loan/ The Red Sea Development Company (TRSDC), the developer of the world’s largest regenerative tourism project, today announced that it has reached financial close on its $14.120 billion Term Loan Facility and Revolving Credit Facility. SAR ($3.76 billion) with four major Saudi banks. As previously announced, the banks are Banque Saudi Fransi, Riyad Bank and Saudi […]]]>

The Red Sea Development Company (TRSDC), the developer of the world’s largest regenerative tourism project, today announced that it has reached financial close on its $14.120 billion Term Loan Facility and Revolving Credit Facility. SAR ($3.76 billion) with four major Saudi banks.

As previously announced, the banks are Banque Saudi Fransi, Riyad Bank and Saudi British Bank, with Saudi National Bank acting as Mandated Lead Arrangers.

“This year, we have moved forward at the pace of delivering our flagship project, keeping in mind our commitment to not only reduce our impact on the environment, but also to actively deliver a 30% net conservation benefit. by 2040,” said John Pagano, CEO of TRSDC.

“With our capital structure fully in place, we will continue to focus on the execution and delivery of the project, which remains on schedule to welcome the first guests by the end of this year. We are grateful to our partners banks for supporting one of Vision 2030’s most exciting projects,” he added.

TRSDC’s green finance was recently honored with the Project Finance Deal of the Year award at the Capital Markets Saudi Arabia Awards.

The award, presented by the GFC Media Group (one of the leading conference organizers and deal givers in the Middle East), honors the most innovative and groundbreaking deals of the year from sovereign issuers and borrowers , corporate and financial institutions. .

The Green Financing accreditation was awarded due to TRSDC’s market-leading approach to social and environmental sustainability and the international recognition of the Red Sea Project (TRSP) as a green project. The financing is the first riyal-denominated credit facility to receive green financing accreditation and the project is the first major project in the Kingdom to successfully access the capital markets.

Jay Rosen, Group Finance Director at TRSDC, said: “We are delighted to have quickly reached financial close on the first-ever riyal-denominated green financing for our initial phase. With this step taken, our project gains credibility on the market and strengthens the attractiveness for investors.

TRSP has already achieved significant milestones and work is on track to welcome the first guests by the end of 2022, when the first hotels will open. The first phase, which includes a total of 16 hotels, will be completed in 2023.

When completed in 2030, the Red Sea project will include 50 resorts, offering up to 8,000 hotel rooms and more than 1,000 residential properties across 22 islands and six inland locations. The destination will also include an international airport, luxury marinas, golf courses, entertainment and leisure facilities.

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AfDB invests in a fund managed by Creator https://w-lansecure.biz/afdb-invests-in-a-fund-managed-by-creator/ Thu, 13 Jan 2022 12:33:25 +0000 https://w-lansecure.biz/afdb-invests-in-a-fund-managed-by-creator/ The Asian Development Bank (AfDB) invested $ 60 million in a private equity firm to provide capital to companies based in South and Southeast Asia. AfDB’s investment in Creador V LP (Creador V) aims to create investments in businesses in the two regions with the hope of generating new jobs, increasing tax revenues and improving […]]]>

The Asian Development Bank (AfDB) invested $ 60 million in a private equity firm to provide capital to companies based in South and Southeast Asia.

AfDB’s investment in Creador V LP (Creador V) aims to create investments in businesses in the two regions with the hope of generating new jobs, increasing tax revenues and improving access to services. health and financial.

Creador V will provide growth capital primarily to middle market companies operating in business services, consumer goods and services, healthcare, pharmaceuticals, financial services and manufacturing in India, Indonesia, Malaysia , the Philippines and Viet Nam. Creator may also selectively consider investments to support businesses in Bangladesh, Singapore, Sri Lanka, and Thailand.

“Creador has emerged as one of the leading institutional private equity platforms in Southeast Asia,” said Janette Hall, director of the AfDB’s Private Sector Investment Funds and Special Initiatives Division. “The AfDB is proud to continue its partnership with Creador, as they remain focused on the markets and sectors where the AfDB seeks to develop its equity portfolio.

This is the AfDB’s third investment in a fund managed by Creador after investments in Creador III, LP in 2016 and Creador IV, LP in 2018. As part of the AfDB investment, Creador will adopt initiatives in issues to promote greater financial inclusion of women through investments.

Creador was established in 2011 and has since successfully launched five private equity funds, totaling approximately $ 2 billion in committed capital as of December 2021. It employs 50 professionals in five offices in developing Asia.

Dollar bonds

The AfDB has raised $ 3.5 billion through the issuance of a 5-year global benchmark bond in the US dollar bond market to increase its ordinary capital resources (OCR).

The AfDB plans to raise up to $ 36 billion in capital markets in 2022.

“We are delighted with the support of our investors in all regions for our first global benchmark of the year,” said AfDB Treasurer Pierre Van Peteghem. “With an order book of over $ 5 billion, we are able to raise $ 3.5 billion in additional resources as we help our developing member countries overcome the health, social and economic impact of the disease. pandemic.”

The 5-year bond, with a coupon rate of 1.5% per annum payable semi-annually and a maturity date of January 20, 2027, was listed at 99.431% for a yield of 8.73 basis points over 1.25% US Treasury bills due December 2026.

The transaction was led by BofA Securities, Citi, Deutsche Bank and JP Morgan. A syndicate group was also formed, consisting of CIBC Capital Markets, DBS, ING and Scotiabank.

The issue was widely distributed on the primary market, with 22% of bonds placed in Asia; 48% in Europe, the Middle East and Africa; and 30 percent in the Americas. By type of investor, 44% of bonds went to central banks and official institutions, 41% to banks and 15% to fund managers and other types of investors.

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“Matchmaking” targets the assets of stressed Chinese developers https://w-lansecure.biz/matchmaking-targets-the-assets-of-stressed-chinese-developers/ Sun, 09 Jan 2022 19:15:18 +0000 https://w-lansecure.biz/matchmaking-targets-the-assets-of-stressed-chinese-developers/ Journalist The Guangdong government recently held a “matchmaking” meeting for state-backed developers to buy out troubled assets from indebted private peers, Chinese media outlet Cailianshe reported. China Aoyuan Group (3883), Guangzhou R&F Properties (2777), Poly Developments, China Overseas Land & Investment (0688), Minmetals Land (0230), Yuexiu Property (0123) and Guangzhou Pearl River Enterprises were among […]]]>

Journalist

The Guangdong government recently held a “matchmaking” meeting for state-backed developers to buy out troubled assets from indebted private peers, Chinese media outlet Cailianshe reported.

China Aoyuan Group (3883), Guangzhou R&F Properties (2777), Poly Developments, China Overseas Land & Investment (0688), Minmetals Land (0230), Yuexiu Property (0123) and Guangzhou Pearl River Enterprises were among the participants, according to the report. . .

This came after Shanghai-based media earlier reported that some large real estate companies with high-quality balance sheets were told by banks that they can now borrow new loans for the acquisition of projects from struggling developers. , and these loans will not be included in the “three red lines” financial requirements.

Meanwhile, China Vanke (2202) decided to reduce the coupon rate of its 19 Vanke 01 five-year bond due February 2024 from 3.65% in the first three years to 2.5% in the fourth. and fifth years.

The bond, totaling 2 billion yuan (HK $ 2.45 billion), has a term that allows Vanke to adjust the coupon rate for the remaining two years, and bondholders can sell it back to Vanke for a face value of 100 yuan no later than Friday. , according to the developers exchange filing yesterday.

At the same time, the Shimao group is rushing to put up for sale its national projects, including those developed by Shimao Property (0813), in the hope of alleviating its debt burden, said Caixin.

Shimao’s sale still focuses on commercial properties, which have a long payback cycle and are often more difficult to offload than residential properties, according to the report.

Several real estate companies are selecting from Shimao’s project pool and state-owned enterprises could become the first batch of buyers, according to the report.

Many potential buyers have gone to do their due diligence, but few buyers can take over such large commercial properties unless Shimao is willing to give a big discount on the price, a source told Caixin, who also stated that a significant price reduction is unlikely.

Separately, Longfor (0960) plans to split up its property management subsidiary Longfor Intelligent Living in Hong Kong and is expected to raise up to US $ 1 billion (HK $ 7.8 billion) in the listing.


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Interest rates on operating leases and pensions https://w-lansecure.biz/interest-rates-on-operating-leases-and-pensions/ Sat, 08 Jan 2022 04:23:24 +0000 https://w-lansecure.biz/interest-rates-on-operating-leases-and-pensions/ background picture MARLET OUTLOOK Operating leases – Monthly JANUARY 7, 2022 RESEARCH ON CAPITAL MARKETS Moody’s Analytics markets and distributes all Moody’s Capital Markets Research documents. Moody’s Analytics does not provide investment advisory services or products. Interest rates on operating leases and pensions Interest rates on operating leases and repurchase agreements used in standard adjustments […]]]>

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MARLET

OUTLOOK

Operating leases

– Monthly

JANUARY 7, 2022

RESEARCH ON CAPITAL MARKETS

Moody’s Analytics markets and distributes all Moody’s Capital Markets Research documents. Moody’s Analytics does not provide investment advisory services or products.

Interest rates on operating leases and pensions

Interest rates on operating leases and repurchase agreements used in standard adjustments

– Report date: December 31, 2021

Median yields of regular coupon bonds (no zero coupon or variable rate) rated by Moody’s with maturities

between six and eight years old and outstanding values ​​of over $ 50 million. Each observation is unweighted

in the sample, and returns are calculated for month-end values.

Evaluation

12/31/2021

Aaa

1.81

Aa1

2.17

Aa2

2.06

Aa3

2.02

A1

2.25

A2

2.25

A3

2.26

Baa1

2.32

Baa2

2.47

Baa3

2.76

Ba1

3.51

Ba2

3.83

Ba3

4.97

B1

4.54

B2

4.99

B3

5.50

Caa

6.55

Moody’s

Capital city

Markets

To research

Contact:

help@economy.com

866-275-3266

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RESEARCH ON CAPITAL MARKETS

JANUARY 7, 2022

CAPITAL MARKET RESEARCH / MARKET OUTLOOK / MOODYS.COM

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El Salvador Draft 20 Bills For Legal Structure Of Bitcoin Bonds – Funds To Use To Build Bitcoin City, Buy BTC – Bitcoin Regulation News https://w-lansecure.biz/el-salvador-draft-20-bills-for-legal-structure-of-bitcoin-bonds-funds-to-use-to-build-bitcoin-city-buy-btc-bitcoin-regulation-news/ Thu, 06 Jan 2022 02:30:12 +0000 https://w-lansecure.biz/el-salvador-draft-20-bills-for-legal-structure-of-bitcoin-bonds-funds-to-use-to-build-bitcoin-city-buy-btc-bitcoin-regulation-news/ El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoins, the Salvadoran government explained. El Salvador drafts legal framework for Bitcoin bonds El Salvador’s Finance Minister Alejandro Zelaya said in a […]]]>

El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoins, the Salvadoran government explained.

El Salvador drafts legal framework for Bitcoin bonds

El Salvador’s Finance Minister Alejandro Zelaya said in a local TV interview on Tuesday that his government would send around 20 bills to Congress regarding the country’s bitcoin bonds.

The bills will cover financial markets and securities investments to provide a legal basis for issuing bitcoin bonds, he explained, adding that the legislation will create a framework to cover the corresponding market regulation. and the issuance of securities in crypto assets. The Minister of Finance described:

(This is) to provide legal structure and legal certainty to anyone who purchases the bitcoin bond.

The Salvadoran government explained that half of the funds raised through bitcoin bonds will be used to build infrastructure and the rest to buy bitcoins.

El Salvador President Nayib Bukele announced in November his intention to issue bitcoin bonds worth $ 1 billion with a 6.5% coupon rate to finance the construction of Bitcoin City. The city will be powered by a volcano and there will be no taxes except value added tax (VAT), Bukele added.

Bitcoin bond issuance is slated for this year. Bukele predicted this week that he will be oversubscribed. He also noted that construction of Bitcoin City is expected to begin this year.

El Salvador passed a law on bitcoin, making BTC legal tender alongside the US dollar in September of last year. Since then, the country has bought 1,391 bitcoins.

What do you think of El Salvador’s plan to submit 20 invoices to provide a legal structure for bitcoin bonds? Let us know in the comments section below.

Kevin helms

An Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.


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Dalal Street Voice: We advise investors to approach small and mid caps with caution in 2022: Vinay Paharia of Union AMC https://w-lansecure.biz/dalal-street-voice-we-advise-investors-to-approach-small-and-mid-caps-with-caution-in-2022-vinay-paharia-of-union-amc/ Tue, 04 Jan 2022 05:16:07 +0000 https://w-lansecure.biz/dalal-street-voice-we-advise-investors-to-approach-small-and-mid-caps-with-caution-in-2022-vinay-paharia-of-union-amc/ Vinay Paharia, Chief Investment Officer, Union Asset Management Company Private Limited believes that small and mid cap companies trade at a higher valuation compared to their large cap peers and therefore we advise investors to approach this segment. market with caution. Edited excerpts: Q) 2021 has been a good year for the markets with gains […]]]>

Vinay Paharia, Chief Investment Officer, Union Asset Management Company Private Limited believes that small and mid cap companies trade at a higher valuation compared to their large cap peers and therefore we advise investors to approach this segment. market with caution. Edited excerpts:

Q) 2021 has been a good year for the markets with gains of over 22%. What is your vision of the markets in 2022?

A) We have seen rapid economic growth over the past two quarters, driven by pent-up demand. In our view, economic growth in the medium term should be moderate and should return to the historical growth rate.

We expect moderate growth in the Fair Value (FV) of Indian companies over the medium term. However, the markets are trading above its current fair value and we believe we have borrowed some returns in the future.

We therefore remain cautious in the short term but optimistic in the medium and long term.

Q) The US Fed signs 3 rate hikes in 2022 – what impact will this have on Indian markets, bonds and currencies?

A) Interest rates act as a gravitational force on the valuations of stocks and bonds. In bonds, for a given coupon rate and term, if the expected interest rate increases, bond prices fall.

Likewise, for equities, any rise in expected long-term interest rates translates into lower valuations. Therefore, we remain cautious about the short-term returns of the Indian stock markets.

Q) What are your expectations for the 2022 Union budget?

A) We await the continuation of the long-term policies and the reform program of the government.

Q) The Small & Midcaps indices have outperformed other representative indices of the market. Do you see similar growth in 2022 from this space?

A) We believe 2021 has been a bumper year for equities as valuations have gone from just overvalued to moderate. Growth in fair value in Indian companies was moderate during the year.

We do not expect a repeat of such a market reassessment in the coming year. Based on our assessment, small and mid cap companies trade at a higher valuation than their large cap counterparts and therefore we advise investors to approach this segment of the market with caution.

Q) Which sectors are likely to take center stage in 2022?

A) We are bullish on information technology, telecommunications and industrial products. We believe the pandemic has improved business potential in some of these sectors.

We expect future growth in the fair value of these segments to be strong and believe the valuations to be reasonable.

We are underweight the materials and utilities sectors as we believe the risk / reward ratio is unfavorable for these sectors.

Q) A sector that could turn out to be a dark horse in 2022?

A) If consumer confidence improves and the pandemic eases, we expect the consumer discretionary sector to be a dark horse for 2022.

Q) What do you think of the markets in terms of profit recovery in 2022, as well as valuations relative to global markets?

A) In our view, economic growth in the medium term should be moderate and should return to the historical growth rate. Likewise, we anticipate moderate growth in the Fair Value of Indian companies in the medium term.

Q) What do you think of IPOs on D-Street? Do you think the IPO is generally expected to equal quick money? How should investors consider investing in the IPO?

A) We need to value every IPO like any other publicly traded stock. If it is a good business, run by good management and reasonably priced, it can be a worthwhile investment in the medium to long term.

However, an investor should not invest in a business with the expectation of quick wins, as this would amount to speculation, reducing the likelihood of success.

Q) It has been an exciting journey for retail investors, who recently joined the D-Street group (Demat 1.8 cr accounts in October 2021). Clearly, retail investors are rushing to invest in stocks. SIP flows exceed Rs 11,000 cr. What trend do you see for 2022?

A) There has been an increase in market participation by retail investors as the proportion of national savings invested in stocks, which was historically low, is now increasing.

We expect this trend to continue in the long term, as the financialization of domestic savings is an enduring megatrend in India.

(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)


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Tax relief sought for all investors in all types of bonds https://w-lansecure.biz/tax-relief-sought-for-all-investors-in-all-types-of-bonds/ Sun, 02 Jan 2022 02:36:47 +0000 https://w-lansecure.biz/tax-relief-sought-for-all-investors-in-all-types-of-bonds/ MOHAMMAD MUFAZZAL | Posted: Jan. 02, 2022, 8:36 a.m. | Update: Jan. 02, 2022, 9:10 a.m. The securities regulator recommended making tax exemption facilities available to all investors in all types of bonds in order to encourage the mobilization of capital market funds for the benefit of the country’s industrialization. The Bangladesh Securities Commission (BSEC) […]]]>