Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa (9 lettori)

Peco

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Newtek Redeem 2022 Baby Bonds

Newtek Business 7.5% BB Pref 30.09.22 $ 25,69 -5,17 %

Codice 35180 ISIN US6525263025
Mercato NYSE
Qualcuno lo possiede ancora ? È stato richiamato per il 29/08 @ $ 25 più 31 centesimi di cedola per un totale di 25,31 ma ci sono ancora offerte a $ 25,75 con negoziazioni anche a $ 25,80 per scambi < 100 titoli che non vengono segnalati.

Annotazione 2019-08-12 085221.png
 

Peco

Forumer storico
A PIMCO portfolio mgr's comment on rates......

No need to get fancy here: A 10-year Treasury yield of 1.7% isn’t anyone’s idea of generous, but it is 2.3 percentage points more than what Europe is paying. The Federal Reserve won’t want to let that differential make the dollar too strong. Futures prices suggest the near-certainty of at least a quarter-point cut in the federal-funds rate in September, and better-than-even odds of two more cuts by year’s end.

Pimco, the giant West Coast bond manager, says negative U.S. Treasury yields are a possibility, if not a probability. It cites not only cooling growth but also longer lives, which are creating a glut of retirement savings. Bank of America Merrill Lynch sees a risk of the 10-year yield dropping below 1% within a year. The record low is 1.37%, reached in 2016.

Below, a segment of Barrons Interview with TIS Group .....

What are you expecting from the Fed?

My expectation is that we’re going to be down to zero rates out to two years, primarily for funding reasons. Foreign buyers have basically stopped buying Treasuries for five years. They have been modest sellers. The primary dealers are stuffed with government-bond inventory. They need a new buyer. That is going to be the Fed. The budget deficit was $1.2 trillion last year, $1.3 trillion the year before, and will be at least $1.1 trillion next year. They have to fund it. Fed Gov. Lael Brainard gave a speech in Richmond, Va., about buying Treasury debt out to one year and possibly to two years on the yield curve. The Fed will buy them all.
 

Fabrib

Forumer storico
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced the closing of its previously announced offering of $120 million aggregate principal amount of 5.875% Convertible Senior Notes due 2025 (the “Notes”), which includes the full exercise of the initial purchasers’ over-allotment option, in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering resulted in approximately $116 million net proceeds to CorEnergy after deducting the initial purchasers' discount and estimated offering expenses payable by CorEnergy. The Notes will be convertible at an initial conversion rate of 20.0000 shares of the Company’s common stock per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately $50.00 per share of the Company’s common stock.
CorEnergy will use a portion of the net proceeds from the offering of the Notes, together with shares of its common stock, to repurchase approximately $64 million aggregate principal amount of its 7.00% Convertible Senior Notes due 2020 (the “2020 Notes”) in separate transactions that were negotiated concurrently with this offering. Such transactions are expected to settle on August 15, 2019, with the purchase consideration, based on the average of the daily volume weighted-average prices of CorEnergy’s common stock over a six trading day period beginning on August 7, 2019, being delivered in a combination of cash and shares of CorEnergy’s common stock. CorEnergy intends to use the remainder of the net proceeds for general corporate purposes, such as redeeming preferred equity or project-level debt.
Corenergy Infrastructure Trust : Announces Closing of $120 Million Private Offering of 5.875% Convertible Senior Notes | MarketScreener
 

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