Sentences with phrase «of junior debt»

Recently I did some consulting for a financial institution that held the single - A tranches of several trust preferred CDOs that had CMBS, REIT debt, and a lot of junior debt from bank, mortgage, and housing related names.

There was a chance if the credit markets rallied that the bonds might be worth something, but the odds were remote — it would mean no more defaults, and in late 2008 with a lot of junior debt financial exposure, that wasn't likely.

7) Speaking of junior debt securities, Moody's gave the GSEs, and the US Government a shot across the bow when it downgraded the preferred stock ratings of Fannie and Freddie.

Not exact matches

It's a concept that's already established in the U.S., where firms such as PwC offer student debt subsidies (the firm gives junior associates a yearly benefit of $ 1,200 to go toward loans).

Mining junior RNI says a number of recent cost - cutting measures included staff redundancies and salary cuts across the board, as the company announced a $ 26.5 million recapitalisation plan to pay off debt.

Managing Editor of the Insight Newspaper, Kwesi Pratt Junior says the New Patriotic Party (NPP) government may fail to fulfil the promise of paying debts owed Ghanaian contractors within first 100 days in office.

1) 2012 Democratic Presidential nominee Robert Wexler beats Obama as libertarian / progressive fusion Democrat with 4 wars going and national debt at $ 16 trillion 2) Cory Booker for Lautenberg's seat in NJ; expect retirement soon 3) New House Majority Leader Debbie Wasserman - Schultz 4) Junior Senator Nevada Republican Jon Porter takes care of Reid 5) Jeff Flake moves up to a leadership post among House Republicans, will become # 2 when Cantor replaces Boehner 6) Joe Sestak, Jr, upsets Specter in PA 7) Raul Grijalva beats random Minuteman for retired John McCain's seat 8) Xavier Becerra next Governor of California 9) Bill Thompson next Mayor Of New York City 10) Next Speaker Of The House (2010): Melvin Waof Reid 5) Jeff Flake moves up to a leadership post among House Republicans, will become # 2 when Cantor replaces Boehner 6) Joe Sestak, Jr, upsets Specter in PA 7) Raul Grijalva beats random Minuteman for retired John McCain's seat 8) Xavier Becerra next Governor of California 9) Bill Thompson next Mayor Of New York City 10) Next Speaker Of The House (2010): Melvin Waof California 9) Bill Thompson next Mayor Of New York City 10) Next Speaker Of The House (2010): Melvin WaOf New York City 10) Next Speaker Of The House (2010): Melvin WaOf The House (2010): Melvin Watt

«When you are a junior faculty [member] and you have a family and children and large medical school debts, even if you want to be a physician - scientist, the thought of private practice or industry definitely crosses your mind,» says Vonderheide, who is now an associate professor of medicine and an investigator at the Abramson Family Cancer Research Institute at the University of Pennsylvania.

A Bureau credit instrument can be junior (i.e., subordinate) to the project's other debt obligations in the priority of its lien on the project's cash flow.

If I created a Collateralized Debt Obligation [CDO] out of similar instruments, with what would be light leverage of 15 times, and it had just two tranches — 94 % senior, 6 % junior, the senior obligations would get a AAA (probably), but the junior obligations would be rated BB or so — just my back - of - the - envelope guess, but consistent with my experience.

The preferred stocks reflect a part of the credit market that hasn't gotten whacked too bad, offering a decent yield for the junior debt on healthy companies risk.

One advantage of this particular type is that, upon liquidation, a trust preferred's debentures generally rank as junior debt, ahead of a company's traditional preferred or common shares.

Beyond that, there was a dearth of true equity, and a surfeit of preferred stock, junior debt, trust preferreds, and particularly, goodwill.

The junior debt is subject to subordination in the event of default or bankruptcy.

In the case of default, creditors with unsubordinated debt would get paid out in full before the junior debt holders.

Holders of senior debt secured by a claim to assets of the company will be first in line, followed by junior / subordinated debt holders, followed by preferred stockholders, and finally those holding common stock.

On January 17, 2008, Moody's placed the Aaa insurance financial strength ratings of MBIA Corp. and its insurance affiliates, the Aa2 ratings of MBIA Corp.'s $ 1.0 billion of 14 % fixed - to - floating rate surplus notes («Surplus Notes») issued on January 16, 2008, and the Aa3 ratings of the junior obligations of MBIA Corp. and the senior debt of MBIA Inc. on review for possible downgrade.

On February 26, 2008, Moody's affirmed the Aaa insurance financial strength ratings of MBIA Corp. and its insurance affiliates, the Aa2 ratings of MBIA Corp.'s Surplus Notes and the Aa3 ratings of the junior obligations of MBIA Corp. and the senior debt of MBIA Inc., with a negative rating outlook.

A close competitor was when I began buying the junior debts of banks in late 2002, particularly of the floating rate variety, which offered more upside.

Millennials most likely to carry card balances, survey says — A generational survey of credit card debt finds that grandma probably doesn't carry a balance, but Junior does.

is usually junior to the debt securities of the issuer.

I was pleasantly surprised that all of them had steered clear of the current lending crises, and the level of exposure to financials, and their junior debt was low.

I would add that investors in junior debt issues, including Islamic pseudo-debt issues have to be cognizant of the lack of guarantees involved.

A Hard Boiled Crime Drama: The story follows Kazuma Kiryu as a junior yakuza member who finds himself in a world of trouble when a simple debt collection goes wrong and his mark winds up murdered.

These include shrinkage of the junior Bar, the removal of entire areas of law from the scope of legal aid and the growth of advice deserts together with the loss of expertise and the availability of legal advice in areas such as housing, immigration and debt.

You're $ 100K in debt (or more), you've gotten used to a certain income, and you've grown accustomed to having a secretary and a staff of paralegals (not to mention junior associates) to boss around.

As a smaller firm, Elliott Greenleaf offers quality work at lower rates because conservative management results in lower overhead, fewer junior attorneys, greater partner involvement, less debt and a long - term view toward clients, regardless of their size.

And this, coupled with mountains of debt, means that though junior associates can live comfortably, they are by no means «rich».»

She says: «The impact of further cuts on those junior practitioners already at the publicly funded Bar and servicing high levels of student debt will be extremely damaging.

Advised a syndicate of banks, led by HSH Nordbank, on the restructuring and buy - back of the combined $ 120m senior and junior debt made available to US listed shipowner, Dryships Inc; advised Santander and HSBC on the # 36.2 m term and revolving facilities provided to Southern Communications Group; acted for the Republic of Kazakhstan in a BIT and ECT arbitration brought against it by a Turkish investor, which arose out of a dispute involving alleged oil transportation and transhipment investments in Kazakhstan; closely involved with the development of WeatherXchange, the world's first weather derivatives platform; leading advice to Nokia on various employment issues arising from the company's acquisition of Alcatel - Lucent across over 100 jurisdictions.

It seems like the only way for Junior to escape a mountain of debt is to score a big time academic, athletic or other type of merit scholarship.

But let's say Junior gets a scholarship, you pay off a ton of debt and / or get a totally unexpected windfall.

Then, in a stroke of luck for Kerzner, Brookfield Asset Management, a Toronto - based global asset manager and the junior B - note holder on the debt, came up with a restructuring proposal.

They are highly motivated to liquidate nonperforming debt and typically offer these junior debt assets for a fraction of their face value, often under 20 %.