The referendum will seek $ 115 Million in funding for three school construction projects, major renovations and repairs, continuation of CCSD's National award - winning technology program, replacement of aging school buses, land acquisition with a focus on a solution for Cherokee High School overcrowding and, «the No. 1 priority»: continued retirement of
bond debt from the last 15 years of construction projects.
Perth nickel miner Western Areas has made a $ 95 million repayment of convertible
bond debt from its existing cash reserves, with a $ 125 million bond repayment still remaining.
Not exact matches
The European Central Bank on December 3 dropped one of its main policy rates to negative 0.3 %
from negative 0.2 % and said it would extend its
bond - buying program, under which it creates euros to purchase
debt, to at least March 2017.
That's also making Austrian
bond yields spike, ushering in a new phase of the sovereign
debt crisis
from the East.
The yield on Greece's three - year
bond, which has surged
from 4 % to 13.5 % since October, is now reflecting serious expectations that the country may end up outside of the Eurozone and unable to repay its euro - denominated
debts.
For ratings issued on a program, series or category / class of
debt, this announcement provides relevant regulatory disclosures in relation to each rating of a subsequently issued
bond or note of the same series or category / class of
debt or pursuant to a program for which the ratings are derived exclusively
from existing ratings in accordance with Moody's rating practices.
Threats
from debt - rating agencies to strip the country of its sterling credit rating and investors» lacklustre response to a
bond auction in November are just two signs that this reality is beginning to sink in.
The result has been to transfer
debt from private balance sheets to public ones, says Saumil Parikh, a managing director at
bond giant Pacific Investment Management Co..
debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue
from these
bonds is used to raise capital and / or refund outstanding
debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free
from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt
from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury
bonds, zero - coupon
bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions
That's boosting the outlook for inflation, causing the rout in
bonds to deepen in Europe after more than $ 1 trillion was erased
from the value of the global
debt market.
Most of the capital provided to these companies comes
from high - yield («junk») corporate
bond sales, preferred share offerings, and
debt.
The potential counter weights that could cap the 10 - year yield would be a negative stock market reaction that drives investors to
bonds; lower interest rates outside the U.S. that make the U.S.
debt relatively more attractive, and good demand for longer - dated securities
from insurers and others.
«The central banks» plans for printing money to buy
bonds from national governments running huge deficits can not be considered a long - term solution to
debt problems.»
Compared to our neutral benchmark, CIU tilts toward higher - quality
bonds and overweights USD - denominated
debt from overseas entities.
We invest in countries around the world at all levels of the capital structure —
from debt (first lien bank
debt, second lien loans and high yield
bonds) to undervalued equity.
Bonds of Europe's most - indebted nations slumped as speculation resurfaced that the euro region remains vulnerable to shocks as it emerges
from the sovereign
debt crisis.
Without
debt restructuring, Puerto Rico will be forced to default as it faces nearly $ 2.5 billion in
bond payments
from May through July, government officials have said.
So while these «fallen angel»
bonds have the potential to be intrinsically higher quality than
debt originally issued at the junk or high - yield level, undue structural selling pressure
from the downgrade can cause them to sell at a discount.
An array of measures is selected
from the overall credit supply (or what is the same thing,
debt securities) to represent «money,» which then is correlated with changes in goods and service prices, but not with prices for capital assets —
bonds, stocks and real estate.
One red flag for lenders is that the volume of energy
debt rated CCC or below — the weakest ratings among junk
bond issuers — has more than doubled to $ 62 billion
from a year ago, Fitch said in a June 12 report.
For 2014, Humana discounted
from its EPS calculation losses
from paying down some
bonds, even as its overall
debt levels increased.
The risk in higher yielding junk
bonds first and foremost is derived
from fact that any company paying north of 5 % to issue
debt has a high probability of never paying back the investors who by the
debt.
Continuing the theme of rising interest rates and following up
from my last blog, «With all the News of Higher Interest Rates, Don't Forget About Floating - Rate
Debt,»
bond laddering is a strategy that provides increased income and the ability to adjust the stream of income in a rising - interest - rate environment.
What is to stop U.S. banks and their customers
from creating $ 1 trillion, $ 10 trillion or even $ 50 trillion on their computer keyboards to buy up all the
bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by
debt leveraging at less than 1 % interest cost?
Under the federal law Regulation D in the Securities Act of 1933, certain companies are exempt
from registering the sale of securities, which are typically forms of stocks or
bonds, and in the case of PeerStreet, real estate
debt.
-- Goethe What is to stop U.S. banks and their customers
from creating $ 1 trillion, $ 10 trillion or even $ 50 trillion on their computer keyboards to buy up all the
bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by
debt leveraging at less than 1 % interest cost?
Unlike the other four ESG
bond ETFs, which track U.S.
debt, GRNB's portfolio holds
bonds from about 20 countries.
E. Shaw hold
bonds in PREPA and agreed in delaying the payment of $ 5 billion
from the corporation last June, but is demanding total payment of the
debt along with 11 other firms.
Although there is no indication yet that Aramco would want yuan for its oil, the Saudis said a couple of weeks ago that they would be willing to consider issuing yuan - denominated
bonds, in what could be a break
from the practice to issue
debt only in U.S. dollars.
debt obligations of the U.S. Government with maturities of 10 years or longer; coupon interest for Treasury
bonds is exempt
from state and local taxes, but is federally taxable; interest income may also be subject to alternative minimum tax
the initial sale of U.S.
debt obligations and new issues, offered and purchased directly
from the U.S. government at a face value set at auction; these securities are auctioned in a single - priced, Dutch auction; auctions are held with the following frequencies: Treasury bills with one - month (30 day), three - month (90 day), and six - month (180 day) maturities are auctioned weekly; treasury notes with two - and five - year maturities are auctioned monthly; Notes with three - year maturities are auctioned in February, May, August, and November; treasury
bonds with 10 - year maturities are auctioned in February, May, August, and November.
The outcome for the
debt markets is a mixed bag for some
bonds rally while the
debt of smaller peripheral economies take a hit as the risk - off trade is initiated to the possible negative fallout
from the lopsided Greek vote of NO.
Its $ 46 billion corporate
bond issue in January 2016 was hailed as the largest on record; large
bond issues were easier to trade than small ones as banks shied
from debt capital market in response to capital requirements.
The minimal dividends
from traditional CDs and high - quality Treasury
bonds leaves little to be desired when compared to corporate or municipal
debt yielding magnitudes of greater income.
Since the summer, Japan has been suffering
from a
bond tantrum as its sovereign
debt has had its worst rout in a decade.
Bonds from Venezuela's state oil company due in October surged after the country paid $ 1.5 billion of
debt that matured Friday.
We estimate recoveries could potentially range
from 30 percent or less for subordinate, unsecured or appropriated
debt to as high as 100 percent for
bonds that are deemed by the courts as secured.
Central bank intervention in global
bond markets has «crowded out» many traditional fixed income investors, driving them to seek yield and income
from non-traditional and riskier asset classes such as high yield, emerging markets
debt, leveraged loans and private credit.
Foreign
debt and corporate
bonds are a useful diversifier, according to Lars Kroijer, but I wonder if he has backed off
from this position in the latest edition of his book — does anyone know if that is so?
While both stopped accumulating
debt, they're reinvesting money
from maturing securities into more
bonds.
The U.S. territory and the federal government have discussed swapping some of the island's $ 72 bln
debt for a new
bond paid
from a Treasury - run kitty.
The idea of
debt amnesties was to prevent
debt from tearing society apart — to prevent the kind of crisis that the United States has been in since 2008, when President Obama didn't cancel the junk -
bond debts, or the
debts that tore the Greek economy apart — when the IMF and Europe imposed them on Greece instead of letting it default on
debts owed to French and German bondholders.
Puerto Rican
debt is «triple exempt»
from taxes:
Bonds issued by the territory's government are exempt
from state / territory - level, municipal, and federal taxation.
Still, we've observed diminishing returns
from the Fed's interventions, there is no political tolerance for the Fed to intervene in securities involving any credit risk that would be borne by U.S. citizens (purchasing European sovereign
debt, for example), and the yield on the 10 - year Treasury
bond is already down to 1.7 %, which is far below where it stood when prior interventions were initiated.
In contrast to IMF loans to support the kleptocrats» banks and new Cold War asset grabs
from the Eastern border provinces with Russia, Ukraine's sale of
bonds to Russia's sovereign
debt fund and its contracts signed for gas purchases were negotiated by a democratically elected government, at prices that subsidized domestic industry and also household consumption.
He also shares why short - term
debt, U.S. municipal
bonds in particular, are gaining interest
from foreign investors right now.
What top hedge funds have been buying [Hedge Fund Wisdom] Free e-book on Texas HoldEm Investing [Texas Hold Em Investing] Latest letter
from Greenstone Value Opportunity Fund [Distressed
Debt Investing] Citigroup (C) offers attractive risk - reward [Greg Speicher] Video: How Berkowitz got comfortable with Citi [Morningstar] Summary of a recent talk with SAC Capital's Steven Cohen [Dealbook] How Stevie Cohen changed my life [James Altucher] Hedge funds buying more municipal
bonds [CNBC] Sum of the parts valuation of Yahoo (YHOO)[Minyanville] Buffett says pricing power more important than good management [Bloomberg] Passport Capital sees oil prices holding up [WSJ] Bank loan funds drawing interest [InvestmentNews] For more great links, scroll through this linkfest [AbnormalReturns]
Short duration
bonds have
debt investments with maturities
from a few months to five years.
STORE Capital actually source its
debt from both unsecured
bonds (which are BBB rated with a stable outlook) and on a non-recourse basis, meaning that its individual properties are collateral for loans taken to buy them.
The
bond purchases were started March 2015 to help the eurozone bounce back
from troubles over government and bank
debt in several member countries including Greece, Ireland, Portugal, Cyprus, Spain and Italy.