Research Report
Streetwise Reports (5/14/21) Newmont s strategy behind its plan to maintain consistency is explored in a BMO Capital Markets report.
In a May 11 research note, BMO Capital Markets analyst Jackie Przybylowski reported that the key takeaway from Newmont Corp. s (NEM:NYSE) recent virtual roundtable for sellside analysts is that the company offers investors stable and predictable operations and cash flows. We continue to believe Newmont will be a go-to investment for predictable, low-risk, and liquid exposure to the gold sector, which could be topical on growing inflation expectations, Przybylowski wrote.
The analyst explained how the gold producer will be able to achieve these operational and financial ends.
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Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $300 million of 2.650% senior notes due 2026 (“Notes”). The settlement of this offering is expected to occur on May 18, 2021, subject to customary closing conditions.
OPI expects to use the net proceeds from this offering for general business purposes, which may include redeeming the $310.0 million principal amount outstanding of its 5.875% Senior Notes due 2046, which notes are currently redeemable in whole or in part upon 30 days’ notice without the payment of a premium.
The joint book-running managers for this offering are BofA Securities, Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC and Regions Securities LLC. The joint lead managers for this offering are BMO Capital Markets Corp., Mizuho Securities USA LLC, SMB
(Adds strategist quote and details on offering)
TORONTO, May 11 (Reuters) - Canada has tapped an international bond market for the first time since before the coronavirus crisis, selling $3.5 billion of a 5-year U.S. dollar global bond in a move that could pad its foreign exchange reserves, a term sheet showed on Tuesday.
The bond, which pays a 0.750% coupon, was priced at 6 basis points over the U.S. Treasury benchmark, matching the spread achieved for Canada’s last global bond issue in January 2020.
That could signal Canada’s bonds remain attractive to international investors despite Ottawa borrowing heavily since the start of the crisis to finance historically large budget deficits.
HEXO Corp. (TSX:HEXO, NYSE:HEXO) announced Tuesday it has created an at-the-market equity program (“ATM program”) by which it could issue and sell up to CA$150 million ($124 million) of its shares.
Under the ATM program, shares can be sold from treasury to public, from time to time, and at the company’s discretion.
All shares sold under it will be made via “at-the-market distributions,” following the terms of an equity distribution agreement signed May 11, 2021 by the company, A.G.P./Alliance Global Partners and BMO Capital Markets Corp., as U.S. agents, and BMO Nesbitt Burns Inc., as Canadian agent.
| 0 Bunge Limited (NYSE:BG) today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has priced a public offering of $1 billion aggregate principal amount of 2.750% senior notes due 2031. The senior notes will be guaranteed by Bunge Limited. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The transaction is expected to close on May 14, 2021, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the senior notes for general corporate purposes, including repayment of certain short-term indebtedness. Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers