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Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
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Fabrib
Forumer storico
MONACO, March 28, 2022 Scorpio Tankers Inc. (“Scorpio Tankers,” or the “Company”) announces that the Company has entered into agreements to sell three vessels (two LR2s and one MR).
The sale price of the two LR2s (2015 built STI Savile Row and STI Carnaby) is $86.0 million in aggregate, and the sale price of the MR (2014 built STI Benicia) is $26.5 million. Scorpio Services Holding Limited, a related party, owns a non-controlling 7.50% interest in the buyer of STI Benicia. The Company is expected to raise additional liquidity of approximately $55.0 million from these transactions, which are expected to close in the second and third quarters of 2022.
The sale price of the two LR2s (2015 built STI Savile Row and STI Carnaby) is $86.0 million in aggregate, and the sale price of the MR (2014 built STI Benicia) is $26.5 million. Scorpio Services Holding Limited, a related party, owns a non-controlling 7.50% interest in the buyer of STI Benicia. The Company is expected to raise additional liquidity of approximately $55.0 million from these transactions, which are expected to close in the second and third quarters of 2022.
bia06
Listen other's viewpoint avoid conflicts & wars.
Bloomberg co-hosted its ‘Life After LIBOR’ Asia webinar with the International Capital Market Association (ICMA) to address the adoption of risk-free rates (RFRs) as the industry moves away from LIBOR. As the markets work towards ceasing the use of remaining USD LIBORs in 2023, market participants are exploring alternative benchmarks and new opportunities as they turn to RFRs.
Senior representatives from ICMA and the Hong Kong Monetary Authority (HKMA) joined the webinar with experts from banks and corporates including Mitsubishi Corp., Bank of China (Hong Kong), HK CICC, the Asia-Pacific International Capital Market Association and Bloomberg to discuss the developments in RFR cash markets, current market dynamics and when Asian players should be accepting SOFR in the debt market.
“Bloomberg has been at the forefront of the LIBOR transition since Andrew Bailey’s speech in 2017. We’ve maintained a global view on this process, recognizing each market’s unique needs, and worked to solve the challenges faced by our clients. In addition, since the beginning, our focus has been on helping to familiarize the market with new products using RFR rates, and make the transition seamless for our market participants,” said Pranav Thakkar, Global Fixed Income Business Manager at Bloomberg.
RFR Products to Grow
Kicking off the discussion, Clara Chan, Executive Director (Monetary Management) at HKMA gave an overview of the LIBOR journey and the transition from LIBOR to RFRs along with fallback plans in place to deal with those yet to make the transition. “In the new world of “no LIBOR”, RFR financial products have great potential for growth. But as we all know, it will take time for the RFR market to evolve into a deep and liquid one,” she said. “I would like to thank Bloomberg which has been very supportive of our Floating Rate Notes (“FRNs”) issuance,” she added.
In discussions with Bloomberg on their data findings on LIBOR transition and RFRs in Asia, Katie Kelly, Senior Director at ICMA covered the adoption mechanisms of the new RFRs in bond markets and solutions to address legacy transactions beyond their cessation dates. “Active transition remains important, and US dollar LIBOR under English law will remain a key focus,” said Kelly.
Data source: Bloomberg L.P.
Using Mitsubishi Corp.’s adoption of TONA bonds as a case study on Asian players beginning to use RFR in the debt market, Hajime Horiuchi, Head of Treasury Team, Finance Department, Mitsubishi Corporation discussed the issuance in greater detail.
Smooth Transition Despite Concerns
In the final session, a panel discussion, Annie Zhu, Deputy Head of Global Markets and Deputy Head of RMB workforce, Bank of China (Hong Kong); Yanbin Ji, Executive Director, Head of Interest Rate Trading, HK CICC; Mushtaq Kapasi, Chief Representative for the Asia-Pacific International Capital Market Association and Pranav Thakkar, Global Fixed Income Business Manager, Bloomberg shared their market views and observations on the use of RFR in the cash market.
“As SOFR gradually picks up a higher proportion of the dollar market, the total volume of issuance is observed to continuously grow. Similarly, in the derivatives market, we are seeing a strong start to swap trading this year,” said Zhu.
Sharing his thoughts on how the IBOR transition has impacted the market, Ji said, “The transition from IBOR to SOFR has proceeded much more smoothly than the industry had anticipated. But there is this general unwillingness from the issuer to take on industry risks even though the markets have already priced in quite a bit of rate hikes for the next two years. The issuers have yet to come to the SOFR market, but that being said, we expect them to follow suit soon,” he added.
Echoing those thoughts, Kapasi said, “At ICMA, we definitely had some concerns about whether tough legacy bonds will be able to transition to the new risk-free rate bonds. But new issuances linked to LIBOR have effectively stopped and there is an awareness in the market that has increased significantly thanks to the efforts of the banks, Bloomberg, as well as regulators and other market participants. It’s important to give credit to them for being very involved in facilitating an orderly transition, particularly in the UK and US.”
“Bloomberg has been the gold standard for the LIBOR transition and being able to work globally and work with colleagues and with our investor and bank community, we want to make sure we try to solve those challenges, help the market familiarize with the new products using RFR rates, and make the transition seamless for our market participants,” Thakkar added.
Senior representatives from ICMA and the Hong Kong Monetary Authority (HKMA) joined the webinar with experts from banks and corporates including Mitsubishi Corp., Bank of China (Hong Kong), HK CICC, the Asia-Pacific International Capital Market Association and Bloomberg to discuss the developments in RFR cash markets, current market dynamics and when Asian players should be accepting SOFR in the debt market.
“Bloomberg has been at the forefront of the LIBOR transition since Andrew Bailey’s speech in 2017. We’ve maintained a global view on this process, recognizing each market’s unique needs, and worked to solve the challenges faced by our clients. In addition, since the beginning, our focus has been on helping to familiarize the market with new products using RFR rates, and make the transition seamless for our market participants,” said Pranav Thakkar, Global Fixed Income Business Manager at Bloomberg.
RFR Products to Grow
Kicking off the discussion, Clara Chan, Executive Director (Monetary Management) at HKMA gave an overview of the LIBOR journey and the transition from LIBOR to RFRs along with fallback plans in place to deal with those yet to make the transition. “In the new world of “no LIBOR”, RFR financial products have great potential for growth. But as we all know, it will take time for the RFR market to evolve into a deep and liquid one,” she said. “I would like to thank Bloomberg which has been very supportive of our Floating Rate Notes (“FRNs”) issuance,” she added.
In discussions with Bloomberg on their data findings on LIBOR transition and RFRs in Asia, Katie Kelly, Senior Director at ICMA covered the adoption mechanisms of the new RFRs in bond markets and solutions to address legacy transactions beyond their cessation dates. “Active transition remains important, and US dollar LIBOR under English law will remain a key focus,” said Kelly.
Data source: Bloomberg L.P.
Using Mitsubishi Corp.’s adoption of TONA bonds as a case study on Asian players beginning to use RFR in the debt market, Hajime Horiuchi, Head of Treasury Team, Finance Department, Mitsubishi Corporation discussed the issuance in greater detail.
Smooth Transition Despite Concerns
In the final session, a panel discussion, Annie Zhu, Deputy Head of Global Markets and Deputy Head of RMB workforce, Bank of China (Hong Kong); Yanbin Ji, Executive Director, Head of Interest Rate Trading, HK CICC; Mushtaq Kapasi, Chief Representative for the Asia-Pacific International Capital Market Association and Pranav Thakkar, Global Fixed Income Business Manager, Bloomberg shared their market views and observations on the use of RFR in the cash market.
“As SOFR gradually picks up a higher proportion of the dollar market, the total volume of issuance is observed to continuously grow. Similarly, in the derivatives market, we are seeing a strong start to swap trading this year,” said Zhu.
Sharing his thoughts on how the IBOR transition has impacted the market, Ji said, “The transition from IBOR to SOFR has proceeded much more smoothly than the industry had anticipated. But there is this general unwillingness from the issuer to take on industry risks even though the markets have already priced in quite a bit of rate hikes for the next two years. The issuers have yet to come to the SOFR market, but that being said, we expect them to follow suit soon,” he added.
Echoing those thoughts, Kapasi said, “At ICMA, we definitely had some concerns about whether tough legacy bonds will be able to transition to the new risk-free rate bonds. But new issuances linked to LIBOR have effectively stopped and there is an awareness in the market that has increased significantly thanks to the efforts of the banks, Bloomberg, as well as regulators and other market participants. It’s important to give credit to them for being very involved in facilitating an orderly transition, particularly in the UK and US.”
“Bloomberg has been the gold standard for the LIBOR transition and being able to work globally and work with colleagues and with our investor and bank community, we want to make sure we try to solve those challenges, help the market familiarize with the new products using RFR rates, and make the transition seamless for our market participants,” Thakkar added.
Fabrib
Forumer storico
LONDON, UK, March 30, 2022 /PRNewswire/ - Atlas Corp. (ATCO) ("Atlas" or the "Company") today announced that Fairfax Financial Holdings Limited ("Fairfax"), a leading financial holding company, has notified the Company of its intention to exercise warrants (the "Warrants") to purchase 25,000,000 common shares of Atlas. The Company intends to use the proceeds to repay outstanding debt and for other general corporate purposes.
Fabrib
Forumer storico
- Safe Bulkers plans to redeem 1,492,554 of the outstanding 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares on April 29, 2022 at a redemption price of $25/share plus all accumulated and unpaid dividends to, but excluding, the redemption date.
- There are currently 2,297,504 issued and outstanding Series C Preferred Shares.
Near
Forumer storico
ho visto che hai messo "grazie è stato un viaggio bellissimo" e poi lo hai tolto, ma ne dovrebbero restare ancora circa 800mila sul mercato, sbaglio?
Fabrib
Forumer storico
Ho cancellato proprio per quello, il dolore mi aveva impedito di leggere il comunicato fino all'ultima riga.
Near
Forumer storico
ieri preso cippino di diversified healthcare DHCNL
sotto quota 20
non potendo comprare gazprom devo pur distrarmi
nuvola nera
Forumer storico
non conoscendola ...cosa ti ispira ?ieri preso cippino di diversified healthcare DHCNL
sotto quota 20
non potendo comprare gazprom devo pur distrarmi