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Laura Benitez and Ruth McGavin, Bloomberg News
(Bloomberg) Public Power Corporation is planning to sell Europeâs first sustainability-linked high-yield bond this week, adding more weight to a fast-growing trend in the regionâs loan market.
The company, formerly known as Artemis, will hold investor calls at 12:30 p.m. London time Monday and conclude its meetings for a 500 million euro ($594 million) planned bond sale on Wednesday. The new issue is expected to be rated B/BB- by S&P and Fitch.
Sustainability-linked debt sales have taken off in Europeâs leveraged loan market in recent months. Those deals included so-called margin ratchets which will see those companies pay less if they hit specific goals, or more if they miss their targets. PPCâs new bond carries a penalty only however, with a higher coupon of 50 basis points if it fails to reduce its CO2 emissions by 40% by December 2022 from 2019.
WKBT
January 7, 2021 3:00 PM MoneyTips
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Some people swipe credit cards haphazardly during the holidays and accrue debt with little thought to the aftermath. It is also common for folks to blow their year-end bonuses on big ticket items before ever receiving them. People get swept up in the emotions of the holidays without considering the financial ramifications.
In an effort to help curve these spending habits and assist folks in eliminating debt in 2016, MoneyTips took to Blab.im on December 18th for the latest installment in the
MoneyTips Finance Friday discussions. Host Justin Simon was joined by sage financial experts Miranda Marquit and John Schneider of the
Channel3000.com
January 7, 2021 3:00 PM MoneyTips
Posted:
Updated:
Some people swipe credit cards haphazardly during the holidays and accrue debt with little thought to the aftermath. It is also common for folks to blow their year-end bonuses on big ticket items before ever receiving them. People get swept up in the emotions of the holidays without considering the financial ramifications.
In an effort to help curve these spending habits and assist folks in eliminating debt in 2016, MoneyTips took to Blab.im on December 18th for the latest installment in the
MoneyTips Finance Friday discussions. Host Justin Simon was joined by sage financial experts Miranda Marquit and John Schneider of the