Category Archives: Issued Debt

Franklin Templeton MF unitholders will receive 3,303 cr03 in the fifth tranche

SBI Funds Management (SBI MF) will distribute the fifth tranche of ₹3,303 crore to unitholders of the six closed programs of Franklin Templeton Mutual Fund during the week beginning Monday. With this, the total disbursement will reach ₹21,080 crore, or 84% of assets under management (AUM) as of April 23, 2020, a spokesperson for Franklin […]

Palmview to borrow $ 5 million for streets, drainage and garbage collection – Progress Times

Palmview City Council on Tuesday voted to borrow nearly $ 5 million to start a solid waste service, fix drainage issues and pave streets. Palmview will buy two garbage trucks, two brush trucks and about 4,000 trash cans, City Manager Michael Leo said. They will form the core of the new solid waste service and […]

Companies unhappy with timid restructuring of bank debt

Dang Tuan Anh, CEO of taxi company Thanh Loi Group, said, “Whenever there is an epidemic, I ask the banks to reduce the interest on existing loans. But they only say they will consider. “ With more than 600 vehicles on the road in Hanoi and two neighboring provinces, the 20-year-old company is struggling amid […]

Hawaii lawmakers change bills in response to governor’s request

HONOLULU (AP) – Lawmakers in Hawaii on Thursday passed amendments to several bills at the behest of Governor David Ige, including one that uses general funds to pay down debt instead of federal COVID-19 relief funds. Democratic Representative Sylvia Luke, chair of the House Finance Committee, explained that lawmakers and the Ige administration agreed in […]

Biden loan relief program for non-white farmers only stopped by judge

The Biden administration was criticized Thursday with another court ruling against its pandemic relief program to pay off federal loans to all non-white farmers. United States District Court Judge S. Thomas Anderson of the Western District of Tennessee issued a preliminary injunction to prevent the Department of Agriculture from making race-based loan payments under section […]

Why convertible bonds are the asset class of the time

July 10, 2021 IN THE MIDDLE March of last year, as the coronavirus pandemic was setting in, a U.S. private equity boss was asked how his industry would cope with the shock. Companies owned by buyout companies would first seek to get into debt wherever and whenever they could. Raising equity from private investors would […]

TBMA raises bond issuance outlook to 900 billion baht

The Thai Bond Market Association (TBMA) has raised its forecast for corporate bond issuance this year to 900 billion baht from 700 billion to 750 billion baht, as private companies seek to replenish their capital reserves in a context of economic uncertainty, said TBMA President Tada Phutthitada. The value of corporate bond issues in the […]

Diversifying Sources of External Debt – Editorials

EDITORIAL: Earlier this week, the government raised $ 1 billion on the international bond market in 5, 10 and 30 year Eurobonds at better rates than previous issues. In March 2021, when the government turned to the international capital market to issue debt after a lull, it raised $ 2.5 billion on those three bond […]

Bond ETFs step up amid growth concerns

Exchange-traded bond funds strengthened on Thursday as stock markets pulled back amid concerns about the economic recovery and the delta variant of Covid-19 gaining traction. “The markets are having a bad morning, but that’s normal and even healthy given the recent strong advance,” Brad McMillan, chief investment officer at Commonwealth Financial Network, told Reuters. “It […]

AM Best confirms the credit ratings of Manulife Financial Corporation and its subsidiaries

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best confirmed the financial strength rating (FSR) of A + (superior) and the long-term issuer credit rating (long-term ICR) of “aa-” (superior) of the life / health insurance subsidiaries (L / H) from Manulife Financial Corporation (MFC) (Toronto, Canada) [NYSE: MFC]. At the same time, AM Best confirmed […]