Investing In Forest Bonds To Save Our Planet
Since the beginning of 2020, wildfires have burned more than 3.6 million acres in California, an area larger than the state of Connecticut. In particular, the August Complex fire in northern California is by far the largest forest fire in California’s history at 471,000 acres. A combination of drought, lightning, heat, and climate change can explain the deadly situation on the west coast including Washington, California, and Oregon State.Q2 2020 hedge fund letters, conferences and moreTo be specific, changes in climate have resulted in drier and warmer conditions, inducing vegetation to dry ou...
New York attorney general probes perplexing Trump Tower Chicago loan deal
CHICAGO — New York’s attorney general is trying to answer one of the most perplexing questions surrounding the troubled financing of the Trump International Hotel and Tower in Chicago: whether President Donald Trump failed to pay taxes on a $100 million loan deal related to the project.According to a court filing, Trump’s lender on a high-interest $150 million loan on the Chicago property, Fortress Credit Corp., made a 2012 deal to accept a $48 million payoff — in essence, forgiving more than $102 million in debt.New York Attorney General Letitia James included the allegation in the Monday fil...
FMDQ lists LAPO MFB’s N6.2bn Bonds
FMDQ OTC on July 28, 2020 successfully listed on its platform, the LAPO Microfinance Bank Limited (MfB) SPV PLC N6.2 billion 13% Fixed Rate Series II Senior Unsecured Bonds.This according to the company remains a commendable development characterised by the towering levels of confidence demonstrated by both issuers and investors as they continue to tap the market to meet their short- and long-term business and investment objectives, respectively.A premium microfinance institution in Nigeria, LAPO returned to the Capital Market for the second time in 2020 for a N6.2 Billion debt capital raising...
Long Idea: Tailored Brands Bonds And Equity
Tailored Brands Inc (NYSE:TLRD) stockand bond analysis by Michael Roberson ofStrategy Chain.Q1 2020 hedge fund letters, conferences and moreTailored Brands: Long IdeaThe idea in a nutshell:7% 2022 Bonds at 2627% current yield3-4x upside potentialEquity below 1x LFCFLikely to break leverage and fixed charge coverage covenants, but (in my view / looking to confirm this thinking) likely to be granted a waiverLikely to be able to pay interest through the COVID-19squeezeCurrently at $0.90/sh down from $8.00/sh a year ago and $4.00/sh immediately before COVID-19Possibility of a buyout bid (Sycamore ...
George Soros: Perpetual Bonds Needed To Solve EU Crisis, Otherwise Coronavirus Could End “Civilization”
Billionaire investor George Soros believes the European Union should issue perpetual bonds to pay for the efforts to deal with the coronavirus pandemic. He made the suggestion in an interview with the Dutch newspaper De Telegraaftoday. He also published the interview on his own website.Q1 2020 hedge fund letters, conferences and moreIn the interview, he warned that the damage caused by the coronavirus on the eurozone economy will last "longer than most people think."EU should issue perpetual bonds: George SorosSoros said the European Union can finance its recovery efforts for the COVID-19pande...