Deal - for -
equity swaps In a debt - for - equity swap, some of a firm's debt is cancelled and lenders are given shares.
During this time we often also see informal kinds of partial debt forgiveness, for example when sovereign borrowers have repurchased their obligations in the secondary market at steep discounts, often secretly, or exchanged their obligations for other assets at a discount, for example the famous debt /
equity swaps in several Latin American countries in the 1980s (see footnote 3).
Not exact matches
The creditors of Atlas Iron have voted
in favour of the iron ore miner's proposed debt - for -
equity swap, with the fate of the scheme, and the company, now
in the hands of shareholders who will vote next week.
As of Sept. 22, 77 companies
in China had conducted debt - for -
equity swaps worth more than 1.3 trillion yuan ($ 196.48 billion), Reuters reported.
In addition, a debt - for - equity swap program was announced in 2016 to curb the rise in corporate deb
In addition, a debt - for -
equity swap program was announced
in 2016 to curb the rise in corporate deb
in 2016 to curb the rise
in corporate deb
in corporate debt.
Instead, structure the investment as convertible debt: a loan that gets
swapped for
equity in the next big round of financing, says David Cohen, a venture capital investor and CEO of TechStars, a Boulder, Colorado - based angel fund.
To consolidate its foothold
in domestic or even the global market, the music group has just reached an
equity swap agreement Spotify ahead of the rumored IPO.
The turnaround is
in part due to policy initiatives such as debt - for -
equity swaps that helped the largest banks deal with rising debt loads, and a widespread crackdown by the government on shadow banking that has given them an edge over smaller peers.
If no acceptable bids come
in, management will try to negotiate a debt - for -
equity swap with junior lenders owed $ 289.4 million.
According to a bio on Greylock's website, Humes started the firm
in 1995 after working as a banker and trader for Lehman Brothers and Manufacturers Hanover, including stints
swapping debt for
equity in Latin America and restructuring government debt for the Philippines and Yugoslavia.
If done correctly, with an eye not to achieving political or regulatory objectives but rather to eliminating financial distress costs, these can improve the enterprise value of the borrower; to the extent that the lender participates
in the upside (and if the performances of the various
equity positons emerging from these
swaps are uncorrelated), the lender's net asset position can also improve.
Each such large - scale price raid produces hundreds of millions of dollars
in profits for the criminal orchestrators, not just from the futures market, but from the companion options,
swaps and
equities markets, all of which act
in unison, and
in a price - predictable up or down manner.
These concerns might recently have been exacerbated by changes
in the pattern of corporate financing:
in countries
in which the
swap spread has increased the most — the US and UK — growth
in private sector bond issuance has been relatively large, while net
equity issuance has been low (or even negative as
in the United States).
Most
equity swaps require periodic payments or
in some cases a one - time payment at the time of the
swap.
The past several years have featured little more than a gigantic asset
swap, the short description being that massive volumes of government debt have been
swapped by central banks for massive volumes of idle bank reserves, while massive volumes of low - yielding, covenant - lite debt have been issued into the hands of yield - seeking investors,
in order to retire massive volumes of corporate
equities at elevated valuations through buybacks.
SACRAMENTO, CA, April 6, 2017 - RiceBran Technologies (NASDAQ: RIBT and RIBTW)(«RBT»), a global leader
in the production and marketing of value added products derived from rice bran, today announced that it reached an agreement on Friday, March 31, 2017, with Alothon Group, LLC («Alothon»), its minority co-investor
in Nutra SA, that terminated Alothon's roll - up rights, a process that would have allowed Alothon to
swap its
equity position
in Nutra SA for an equivalent value of RiceBran Technologies common stock.
SACRAMENTO, CA, April 6, 2017 — RiceBran Technologies (NASDAQ: RIBT and RIBTW)(«RBT»), a global leader
in the production and marketing of value added products derived from rice bran, today announced that it reached an agreement on Friday, March 31, 2017, with Alothon Group, LLC («Alothon»), its minority co-investor
in Nutra SA, that terminated Alothon's roll - up rights, a process that would have allowed Alothon to
swap its
equity position
in Nutra SA for an equivalent value of RiceBran Technologies common stock.
In a taxable account it almost certainly a mistake to
swap out an
equity ETF now.
The Fund may engage
in active and frequent trading of portfolio securities to achieve its investment objective... the Fund will invest
in a portfolio of securities including:
equities, debt, warrants, distressed, high - yield, convertible, preferred, when - issued... options, total return
swaps, credit default
swaps, credit default indexes, currency forwards, and futures... ETFs, ETNs and commodities.»
In total return
swaps, the underlying asset, referred to as the reference asset, is usually an
equity index, loans or bonds.
Enbridge intends to
swap $ 11.4 billion
in common shares for the
equity it does not already own
in its four publicly traded master limited partnership (MLP) subsidiaries: Spectra Energy Partners LP, Enbridge Energy Partners LP, Enbridge Energy Management LLC and Enbridge Income Fund Holdings Inc..
It then «
swaps» the returns of these
equities for the returns of the global dividend portfolio, which is
in fact held by National Bank.
In his 2008 letter, Buffett disclosed that Berkshire was a party to 251 derivative contracts consisting of
equity puts, credit default
swaps, and others.
Excluded from the Index are non-corporate bonds, structured notes with embedded
swaps or other special features, bonds with
equity - type features (e.g., warrants, convertibility), floating - rate issues, Eurobonds, defaulted bonds, zero coupon bonds and payment
in kind securities.
It gains exposure to asset classes by investing
in more than 100 futures contracts, futures - related instruments, forwards and
swaps, including, but not limited to,
equity index futures and
equity swaps; bond futures and
swaps; interest rate futures and
swaps; commodity futures, forwards and
swaps; currencies and currency futures and forwards, either by investing directly
in those Instruments, or indirectly by investing
in the Subsidiary that invests
in those Instruments.
A debt -
equity swap involves the exchange of debt for
equity;
in the case of a publicly traded company, this would mean bonds for stocks.
Registered plan sponsors have been limited
in their asset
swaps under the FPR due to their use of their foreign content exposure for their
equity portfolios.
In modern (financial) markets, «producers» of interest rate
swaps or
equity derivative products will use financial futures or
equity index futures to reduce or remove the risk on the
swap.
Investors and financial advisors also use HXT for tax - efficient exposure to Canadian
equities in non-registered investment portfolios, since the
swap provides a total return to the index but no dividend income is paid out, which is otherwise taxable.
1) The bondholders could voluntarily agree to move a portion of their claims lower down
in the capital structure,
swapping debt for
equity (preferred or common), allowing the bank to have a larger cushion of Tier - 1 capital, avoiding insolvency, and hopefully allowing the bank to recover by its own bootstraps, preferably assisted by debt restructuring on the borrower side (via property appreciation rights and the like).
In a Total return
swap, the underlying asset, referred to as the reference asset, is often an
equity or bond index.
The Fund may also engage
in other currency transactions such as currency futures contracts, currency
swaps, options on currencies, or options on currency futures, or it may engage
in other types of transactions, such as the purchase and sale of exchange - listed and OTC put and call options on securities,
equity and fixed - income indices and other financial instruments; and the purchase and sale of financial and other futures contracts and options on futures contracts.
Enbridge intends to
swap $ 11.4 billion
in common shares for the
equity it does not already own
in its four publicly traded master limited partnership subsidiaries
You can take fixed income investments and
swap them for
equities in the RRSP.
You sell three of them to your publicly listed company, using letters of credit opened by your brother -
in - law at the bank, then execute a debt /
equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The pre-packaged bankruptcy moved through the court quickly, entering
in January and emerging
in mid-February,
in a debt - for -
equity swap that saw the holders of about $ 600 million of Homer City debt become the new owners.
Kenya Airways has undergone a complex and contentious USD 2 billion financial restructuring; the intricate deal saw through a variety of things, such as: re-profiling of payments owned to various lenders; a debt - for -
equity swap and the agreement of a new financial facility from Kenyan banks, which thus placed the airline largely
in shared ownership between Kenya's government, owning 48.9 % and a consortium of 11 Kenyan commercial banks owning 38.1 %
He advises investment banks, corporations and hedge funds
in the structuring, negotiation and execution of high - yield debt, affiliate margin loans,
equity derivatives and other structured financial products, including over-the-counter derivative products, registered and Rule 144A mandatory and optional convertible securities and variance and correlation
swaps.
However, we have experience litigating cases involving many other esoteric financial products such as: • Collateralized debt obligations • Credit default
swaps • Structured currency derivatives • Structured notes •
Equity derivatives • Barrier options • Basket options • Synthetic collateralized debt obligations • Knock
in and knock out options
With that you will want to carefully consider your options before investing part of the value of your home
in your child's education or the stock market,
swapping credit card debt for a home
equity loan, or leveraging your home to start a new business.
Utilize data from multiple sources
in order to resolve pricing disputes and ensuring accurate processing of corporate actions for
equity swap clients
Strong experience
in CRD 2,3,4, Basel 3, Uncleared Margin Reporting, Margin, Data Migration, Trade applications Migration, Securitized Trading (ABS, CMBS, RMBS), Foreign Exchange (FX - Spot, FX -
Swaps, FX - Forwards), Fixed Income (Bonds),
Equities, Derivatives (Options,
Swaps), Wealth Management & Prime Brokerage (Margin, Security Lending, Settlement) & Prime Brokera...
The new asset must be a like asset,
in other words real estate can only be
swapped for real estate not commodities or
equities.