Debt report – MMOG Accounts http://mmogaccounts.com/ Tue, 28 Jun 2022 10:35:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mmogaccounts.com/wp-content/uploads/2021/06/icon-66.png Debt report – MMOG Accounts http://mmogaccounts.com/ 32 32 Indebted Pakistan appeals for new loans UAE offers bailout deal https://mmogaccounts.com/indebted-pakistan-appeals-for-new-loans-uae-offers-bailout-deal/ Tue, 28 Jun 2022 09:52:24 +0000 https://mmogaccounts.com/indebted-pakistan-appeals-for-new-loans-uae-offers-bailout-deal/ In response to cash-strapped Pakistan’s request for new loans, the UAE has offered to buy minority shares in publicly listed state-owned companies at a negotiated price and a seat on each of the company’s boards. the company, according to a media report on Tuesday. The development comes as China moved to refinance another $2 billion […]]]>

In response to cash-strapped Pakistan’s request for new loans, the UAE has offered to buy minority shares in publicly listed state-owned companies at a negotiated price and a seat on each of the company’s boards. the company, according to a media report on Tuesday.

The development comes as China moved to refinance another $2 billion Pakistani debt that matures from June 27 to July 23, offering a sigh of relief to Islamabad after transferring $2.3 billion in the week. last.

The offer, if accepted, could give a big boost to the cash-strapped government and will mark a break with the traditional lender-borrower relationship between Islamabad and Abu Dhabi, The Express Tribune newspaper reported.

The Express Tribune citing sources said the UAE government had offered to acquire 10-12% of the shares of public listed companies through its sovereign wealth funds.

There is a proposal from a friendly country to buy shares of Pakistani companies on a buy-back basis, which means buying securities based on secured loans, said Finance Minister Miftah Ismail, quoted in the report .

The sources said the UAE had made a clear offer to acquire stakes in the companies. But the government wanted to add a provision in any such contract where it will have the right to buy out those stakes after a certain period, they added.

The UAE made the offer that it invested $2 billion in Egypt by buying stakes in a number of state-owned companies in April this year in a bid to bail out the Egyptian government.

The offer came in response to Prime Minister Shehbaz Sharif’s request for a multi-billion dollar bailout during his visit to the United Arab Emirates in April. The sources said that in response to the prime minister’s request, the UAE sent a delegation to Pakistan who met with Sharif in the first week of May in Lahore.

Pakistan is also trying to revive the IMF program and is waiting for the draft Economic and Financial Policy Paper (MEFP) before reaching a staff-level agreement with the fund.

The sources said that this time the UAE was reluctant to hand over another $2 billion check to Islamabad, after Pakistan failed to repay the $2 billion loan received in February 2019 In March this year, the United Arab Emirates carried over $2 billion. billion in debt for one more year.

The sources said that UAE sovereign wealth funds, Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company or Abu Dhabi National Oil Company (ADNOC) – may expose themselves to Pakistan .

Their interest in Pakistan could boost the stock price of some 20 listed public sector companies, including companies controlled by the military’s commercial arms. The sources said Fauji Foundation companies were also on the plate and the foundation’s chief executive recently attended the meetings.

The five major Saudi Sovereign Wealth Funds in the UAE are the Abu Dhabi Investment Authority (ADIA), Dubai Investment Corporation (ICD), Mubadala Investment Company, Abu Dhabi Developmental Holding Company and the Emirates Investment Authority (EIA). Companies are ranked in the top 20 of the Sovereign Wealth Fund Institute’s Top 100 list.

There are about a dozen and a half public companies listed on the stock exchange and open for sale.

The sources said that Pakistan can immediately get an investment of $1 billion to $1.3 billion by selling 10% shares of blue chip companies. But the bureaucracy was reluctant to move forward with the deal, delaying the whole process and angering the UAE government, the report said.

(PTI)


]]>
Secured Debt Securities Market Outlook 2022 and Growth by Top Key Players – Citigroup, Credit Suisse, Morgan Stanley, JP Morgan https://mmogaccounts.com/secured-debt-securities-market-outlook-2022-and-growth-by-top-key-players-citigroup-credit-suisse-morgan-stanley-jp-morgan/ Sun, 26 Jun 2022 17:39:52 +0000 https://mmogaccounts.com/secured-debt-securities-market-outlook-2022-and-growth-by-top-key-players-citigroup-credit-suisse-morgan-stanley-jp-morgan/ Secured debt securities market A study by “Verified Market Reports” provides details on market dynamics affecting the Debt Secured Bonds market, market scope, market segmentation, and overlays on major market players, highlighting the favorable competitive landscape and trends prevailing over the years. This Debt-Backed Bonds Market report provides details about recent new developments, trade regulations, […]]]>

Secured debt securities market A study by “Verified Market Reports” provides details on market dynamics affecting the Debt Secured Bonds market, market scope, market segmentation, and overlays on major market players, highlighting the favorable competitive landscape and trends prevailing over the years.

This Debt-Backed Bonds Market report provides details about recent new developments, trade regulations, import-export analysis, production analysis, value chain optimization, share of market, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth, niches of applications and domains, product approvals, product launches, geographical expansions, technological innovations in the market. For more information on the Debt-Backed Bond Market Data Bridge Market Research, please contact us for an analyst briefing,

Get a sample copy (including full TOC, charts and tables) of this report @ https://www.verifiedmarketreports.com/download-sample/?rid=138902

The analysis and estimates done through an outstanding Debt Secured Bond Report helps to get an idea about product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and their effects on sales, marketing, promotions, revenue value, import, export and CAGR. With the latest and up-to-date market information mentioned in the report, companies can think about how to improve their marketing, promotion and sales strategies. Business reporting helps determine and optimize each stage of the business process lifecycle, which includes engagement, acquisition, retention, and monetization. The Asset Backed Bond Market Research Report

The major players in the Debt Secured Bond market are:

  • Citigroup
  • Swiss credit
  • Morgan Stanley
  • JP Morgan
  • Wells Fargo
  • Bank of America

Global Debt Secured Bond Market Segmentation:

Global Secured Debt Securities Market Segment By Type:

  • Secured Loan Obligations (CLO)
  • Secured bond bonds (CBO)
  • Synthetic Collateralized Bonds (CSOs)
  • Structured Finance CDOs (SFCDOs)

Global Secured Debt Securities Market Segment By Application:

  • Asset management company
  • Fund company
  • Other

Regional Market Analysis Collateralized Debt Obligation can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global Collateralized Debt Obligation market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Get an exclusive discount on this Premium report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=138902


Scope of the Secured Debt Securities Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.


Visualize the Anesthesia Delivery Systems Market using Verified Market Intelligence:-

Verified Market Intelligence is our BI platform for market narrative storytelling. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a global overview and competitive landscape with respect to region, country and segment, as well as key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

Visualize the Anesthesia Delivery Systems Market using VMI@ https://www.verifiedmarketresearch.com/vmintelligence/

Most Popular Reports

Global Polyamide 6,6 Market Size and Forecast

Global Phosphorescent Dyes Market Size and Forecast

Global Wheel Cleaner Market Size and Forecast

Global Diethylenetriamine (DETA) Market Size and Forecast (CAS 111-40-0)

Global Debt Secured Bond Market Size and Forecast

Global Treatment Aids Market Size and Forecast

Global Multilayer Preforms Market Size and Forecast

Global ferronickel market size and forecast

Global Sweeteners Market Size and Forecast

Global Automotive Catalyst Market Size and Forecast

About Us: Verified Market Reports

Verified Market Reports is a leading global research and advisory company serving over 5000 global clients. We provide advanced analytical research solutions while delivering information-enriched research studies.

We also provide insight into the strategic and growth analytics and data needed to achieve business goals and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on over 25,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

Our research spans a multitude of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage, and more. Having served many Fortune 2000 organizations, we bring a wealth of reliable experience that covers all kinds of research needs.

Contact us:

Mr. Edwyne Fernandes

USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US toll free: +1 (800)-782-1768

E-mail: sales@verifiedmarketreports.com

Website: – https://www.verifiedmarketreports.com/

To get more insights on the market analysis, browse the research report summary @ https://www.verifiedmarketreports.com/product/global-collateralized-debt-bond-market-report-2019-competitive-landscape-trends-and-opportunities/

]]>
Secretary-General warns of unprecedented global food crisis, with 276 million people facing food insecurity, calls for export recovery and debt relief – World https://mmogaccounts.com/secretary-general-warns-of-unprecedented-global-food-crisis-with-276-million-people-facing-food-insecurity-calls-for-export-recovery-and-debt-relief-world/ Fri, 24 Jun 2022 20:00:29 +0000 https://mmogaccounts.com/secretary-general-warns-of-unprecedented-global-food-crisis-with-276-million-people-facing-food-insecurity-calls-for-export-recovery-and-debt-relief-world/ SG/SM/21350 Here is the text of the video message from UN Secretary-General António Guterres to the Ministerial Conference titled “Responding to the Multiple Challenges of Global Food Security”, in Berlin today: I thank Germany for convening this meeting, and Chancellor [Olaf] Scholz as the Global Crisis Response Group’s champion on food, energy and finance. We […]]]>

SG/SM/21350

Here is the text of the video message from UN Secretary-General António Guterres to the Ministerial Conference titled “Responding to the Multiple Challenges of Global Food Security”, in Berlin today:

I thank Germany for convening this meeting, and Chancellor [Olaf] Scholz as the Global Crisis Response Group’s champion on food, energy and finance.

We are facing an unprecedented global hunger crisis. The war in Ukraine has compounded issues that have been brewing for years: climate change; the COVID-19 pandemic; the deeply uneven recovery. This was already evident when I visited the Sahel region of Africa last month. Leaders warned me that if we don’t act now, a dangerous situation could turn into a disaster. The Horn of Africa is also suffering from its worst drought in decades.

According to the World Food Program (WFP), in the past two years the number of severely food insecure people worldwide has more than doubled to 276 million. There is a real risk that multiple famines will be declared in 2022.

And 2023 could be even worse. The main costs for farmers are fertilizers and energy. Fertilizer prices have risen by more than half over the past year and energy prices by more than two-thirds. All crops will be affected, including rice and maize, affecting billions of people in Asia, Africa and the Americas. This year’s food access problems could become next year’s global food shortage. No country will be immune to the social and economic repercussions of such a disaster.

Humanitarian aid is essential, but it is not enough. Because it’s not just a food crisis. It goes beyond food and requires a coordinated multilateral approach, with multidimensional solutions.

First, there can be no effective solution to the global food crisis without reintegrating Ukrainian food production, as well as Russian-produced food and fertilizers, into world markets – despite the war. I have been in intense contact with Ukraine, the Russian Federation, Turkey, the United States, the European Union and others on this issue.

The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, and my humanitarian chief, Martin Griffiths, continue talks with a view to reaching a comprehensive agreement that will allow Ukraine to export food, not only by land, but by the Black Sea, and will bring unrestricted Russian food and fertilizers to world markets. I will not go into details because public statements could hamper the success of the ongoing talks.

Second, solving the food crisis requires solving the financial crisis in the developing world. Hundreds of millions of people living on the poverty line have been crushed by this crisis — informal workers who are mostly women; smallholder farmers; micro and small business owners; People with Disabilities.

Developed countries and international financial institutions must make resources available to help governments support and invest in their people, leaving no one behind.

Developing countries facing default must have access to effective debt relief to keep their economies afloat and their people prospering. Financial institutions need to find the flexibility and understanding to get resources where they are needed most. The Food and Agriculture Organization of the United Nations (FAO) proposal for a food import financing mechanism could help countries most at risk meet their immediate needs.

Today’s discussions are an opportunity to take concrete steps to stabilize global food markets and tackle commodity price volatility. We need strong political and private sector leadership for a coordinated multilateral response. We cannot accept mass hunger and starvation in the 21st century. Thanks.

For news media. Not an official record.**

]]>
Request for stand-by agreement – Press release; staff report; and Statement by the Executive Director for Georgia https://mmogaccounts.com/request-for-stand-by-agreement-press-release-staff-report-and-statement-by-the-executive-director-for-georgia/ Tue, 21 Jun 2022 21:51:21 +0000 https://mmogaccounts.com/request-for-stand-by-agreement-press-release-staff-report-and-statement-by-the-executive-director-for-georgia/ Georgia: request for stand-by agreement – press release; staff report; and Statement by the Executive Director for Georgia Publication date: June 21, 2022 Electronic access: Free download. Use the free Adobe Acrobat Reader software to view this PDF file Summary: The authorities’ policy […]]]>

Georgia: request for stand-by agreement – press release; staff report; and Statement by the Executive Director for Georgia



Publication date:

June 21, 2022

Electronic access:

Free download. Use the free Adobe Acrobat Reader software to view this PDF file




Summary:

The authorities’ policy response contributed to a robust recovery from the COVID-19 shock in 2021, with better-than-expected output growth reflecting pent-up demand and strong export performance. However, fallout from the war in Ukraine is expected to dampen growth, increase inflation and widen the current account deficit this year. The recovery in 2021 and the reduction of pandemic measures have led to a decline in the budget deficit and public debt. Inflation is expected to stay higher for longer, reflecting rising global food and commodity prices. The BNG has increased its policy rate by 3 percentage points since March 2021.


Series:

National Report No. 2022/188


Matter:





Frequency:

usual


English

Publication date:

June 21, 2022

ISBN/ISSN:

9798400212406/1934-7685

Stock number:

1GEOEA2022002

Pages:

91


]]>
Zilingo co-founders make surprise takeover bid for startup: Report https://mmogaccounts.com/zilingo-co-founders-make-surprise-takeover-bid-for-startup-report/ Sun, 19 Jun 2022 15:06:00 +0000 https://mmogaccounts.com/zilingo-co-founders-make-surprise-takeover-bid-for-startup-report/ Zilingo’s co-founders have made a final bid to buy the struggling fashion e-commerce platform as the board debates its future, according to people familiar with the matter. Co-founder Dhruv Kapoor offered a management buyout to the Singapore-based company’s board on Sunday, according to the people, who asked not to be named […]]]>


Zilingo’s co-founders have made a final bid to buy the struggling fashion e-commerce platform as the board debates its future, according to people familiar with the matter.

Co-founder Dhruv Kapoor offered a management buyout to the Singapore-based company’s board on Sunday, according to the people, who asked not to be named because the matter is private. It has secured commitments from a small group of new investors, including a US private equity firm, the sources said.

Under the preliminary proposal, the investor group will inject $8 million of new equity into a newly incorporated entity in tranches, while the remaining assets and the old corporate entity will be liquidated in due course, according to the report. Kapoor email sent to investors and seen by Bloomberg News. All unpaid debts owed to creditor Zorro Assets will be frozen for three years, according to an email.

The move comes as Zilingo’s board is due to meet on Monday to discuss the company’s future, according to people with knowledge of the matter. Allegations of financial irregularities in March sparked an investigation into the company, valued at $970 million in 2019, and led to the firing of co-founder Ankiti Bose as CEO in May.

Sequoia Capital, which owns 26.5% of Zilingo, declined to comment on the story. Kapoor’s offer stipulated that Zilingo’s subsidiaries, assets, debt securities, contracts and key vertical market employees would be acquired by the new company.

According to the offer, there will be a 36-month moratorium on debt repayment by the new company and repayments will be made in four quarterly installments after the moratorium. Lenders will remain a priority, according to the offering statement. The new group of investors is willing to negotiate granting shares in the proposed new entity to existing Zilingo shareholders on a mutually agreed basis, according to the offer.

The offer also proposed a new five-year business plan for Zilingo, to be agreed between the investor group, the proposed new entity and existing Zilingo shareholders. Confirmatory due diligence is expected to be completed within seven calendar days if and once the management buyout offer is accepted, the group of investors in the offer said.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

]]>
Is Lanakam (ATH:LANAC) using too much debt? https://mmogaccounts.com/is-lanakam-athlanac-using-too-much-debt/ Sat, 18 Jun 2022 05:52:45 +0000 https://mmogaccounts.com/is-lanakam-athlanac-using-too-much-debt/ Warren Buffett said: “Volatility is far from synonymous with risk. So it seems smart money knows that debt – which is usually involved in bankruptcies – is a very important factor when you’re assessing a company’s risk. We note that Lanakam SA (ATH:LANAC) has a debt on its balance sheet. But does this debt worry […]]]>

Warren Buffett said: “Volatility is far from synonymous with risk. So it seems smart money knows that debt – which is usually involved in bankruptcies – is a very important factor when you’re assessing a company’s risk. We note that Lanakam SA (ATH:LANAC) has a debt on its balance sheet. But does this debt worry shareholders?

Why is debt risky?

Debt is a tool to help businesses grow, but if a business is unable to repay its lenders, it exists at their mercy. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more common (but still costly) event is when a company has to issue stock at bargain prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, many companies use debt to finance their growth, without any negative consequences. The first thing to do when considering how much debt a business has is to look at its cash and debt together.

Discover our latest analysis for Lanakam

What is Lanakam’s debt?

The graph below, which you can click on for more details, shows that Lanakam had €1.50m in debt in December 2021; about the same as the previous year. On the other hand, he has €228.0k in cash, resulting in a net debt of around €1.27m.

ATSE:LANAC Debt to equity June 18, 2022

A look at the responsibilities of Lanakam

Zooming in on the latest balance sheet data, we can see that Lanakam had liabilities of €2.18 million due within 12 months and liabilities of €1.83 million due beyond. In return for these obligations, it had cash of €228.0 K as well as receivables worth €192.2 K at less than 12 months. Thus, its liabilities outweigh the sum of its cash and (short-term) receivables by €3.59 million.

This deficit is considerable compared to its market capitalization of €5.04m, so it suggests that shareholders monitor Lanakam’s use of debt. This suggests shareholders would be heavily diluted if the company needed to shore up its balance sheet quickly. The balance sheet is clearly the area to focus on when analyzing debt. But you can’t look at debt in total isolation; since Lanakam will need income to repay this debt. So, if you want to know more about its earnings, it may be worth checking out this graph of its long-term trend.

Over 12 months, Lanakam achieved a turnover of €1.8 million, a gain of 24%, although it did not record any profit before interest and taxes. The shareholders probably have their fingers crossed that she can make a profit.

Caveat Emptor

Despite the growth in revenue, Lanakam still recorded a loss in earnings before interest and taxes (EBIT) over the past year. To be precise, the EBIT loss amounted to €105,000. When we look at this and recall the liabilities on its balance sheet, versus cash, it seems unwise to us that the company has debt. Quite frankly, we think the track record falls short, although it could improve over time. On the positive side, we note that trailing twelve month EBIT is below free cash flow of €203,000 and profit of €336,000. So you could say that there is still a chance that this could put things on the right track. When analyzing debt levels, the balance sheet is the obvious starting point. However, not all investment risks reside on the balance sheet, far from it. We have identified 2 warning signs with Lanakam (at least 1 which is concerning), and understanding them should be part of your investment process.

If, after all that, you’re more interested in a fast-growing company with a strong balance sheet, check out our list of cash-neutral growth stocks right away.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) Short Interest Up 39.8% in May https://mmogaccounts.com/blackrock-debt-strategies-fund-inc-nyse-dsu-short-interest-up-39-8-in-may/ Wed, 15 Jun 2022 21:58:43 +0000 https://mmogaccounts.com/blackrock-debt-strategies-fund-inc-nyse-dsu-short-interest-up-39-8-in-may/ BlackRock Debt Strategies Fund, Inc. (NYSE: DSU – Get Rating) saw a sharp rise in short-term interest during the month of May. As of May 31, there was short interest totaling 41,800 shares, an increase of 39.8% from the May 15 total of 29,900 shares. Based on an average daily volume of 195,200 shares, the […]]]>

BlackRock Debt Strategies Fund, Inc. (NYSE: DSU – Get Rating) saw a sharp rise in short-term interest during the month of May. As of May 31, there was short interest totaling 41,800 shares, an increase of 39.8% from the May 15 total of 29,900 shares. Based on an average daily volume of 195,200 shares, the short interest ratio is currently 0.2 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its stake in BlackRock Debt Strategies Fund by 3.1% during the third quarter. Morgan Stanley now owns 3,189,350 shares of the financial services provider valued at $36,805,000 after buying an additional 95,425 shares last quarter. Guggenheim Capital LLC increased its position in BlackRock Debt Strategies Fund shares by 65.5% in Q1. Guggenheim Capital LLC now owns 1,085,218 shares of the financial services provider valued at $11,308,000 after purchasing an additional 429,486 shares in the last quarter. Invesco Ltd. increased its position in shares of the BlackRock Debt Strategies Fund by 9.6% in the 1st quarter. Invesco Ltd. now owns 684,857 shares of the financial services provider valued at $7,136,000 after purchasing an additional 59,719 shares in the last quarter. Advisors Asset Management Inc. increased its position in BlackRock Debt Strategies Fund by 7.2% during the 1st quarter. Advisors Asset Management Inc. now owns 442,592 shares of the financial services provider worth $4,612,000 after buying an additional 29,889 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new equity stake in BlackRock Debt Strategies Fund during Q1 worth approximately $4,335,000. Institutional investors and hedge funds hold 29.47% of the company’s shares.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

Shares of DSU were down $0.08 during trading hours on Wednesday, hitting $9.18. 321,460 shares of the company were traded, against an average volume of 187,565. BlackRock Debt Strategies Fund has a 12-month low of $9.10 and a 12-month high of $12.50. The company’s fifty-day moving average price is $9.82 and its two-hundred-day moving average price is $10.64.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.0605 per share. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $0.73 and a yield of 7.91%.

About BlackRock Debt Strategies Fund (Get an assessment)

BlackRock Debt Strategies Fund, Inc is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the US bond markets. The fund invests primarily in a diversified portfolio of corporate debt instruments, including corporate loans, which are rated in the lower rating categories of established rating services (BBB or lower by S&P’s or Baa or lower by Moody’s ) or unrated debt securities, which are, in the opinion of the investment adviser, of equivalent quality.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in the BlackRock Debt Strategies Fund right now?

Before you consider the BlackRock Debt Strategies Fund, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes all-out…and the BlackRock Debt Strategies Fund didn’t make the list.

While the BlackRock Debt Strategies Fund currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

]]>
Live updates on finances and payments in the United States: child tax credit, inflation, interest rates, CPI report, SS disability… https://mmogaccounts.com/live-updates-on-finances-and-payments-in-the-united-states-child-tax-credit-inflation-interest-rates-cpi-report-ss-disability/ Mon, 13 Jun 2022 22:26:18 +0000 https://mmogaccounts.com/live-updates-on-finances-and-payments-in-the-united-states-child-tax-credit-inflation-interest-rates-cpi-report-ss-disability/ Jobs lead as Fed tightens monetary policy The healthy finances of US banks, businesses and households, heralded during the pandemic by Federal Reserve officials as a source of resilience, may pose an obstacle to fighting inflation as central bankers raise interest rates in an economy so far able to pay the price. In describing their […]]]>

Jobs lead as Fed tightens monetary policy

The healthy finances of US banks, businesses and households, heralded during the pandemic by Federal Reserve officials as a source of resilience, may pose an obstacle to fighting inflation as central bankers raise interest rates in an economy so far able to pay the price.

In describing their aggressive shift to tighter monetary policy, Fed officials say they hope to suppress the economy without destroying jobs, with rising interest rates slowing things down enough for companies to reduce the current high number of job vacancies while avoiding layoffs or a drop in income Household.

But that means the pain of controlling inflation should fall primarily on owners of capital via a slowing housing market, higher corporate bond rates, weaker securities and a rising dollar to make cheaper imports and encourage domestic producers to keep prices low.

Economists, including current and former Fed officials, note that unlike previous cycles of Fed rate hikes, there is no obvious weakness to exploit or asset bubble to burst to make quick work of. lower inflation – nothing like the heavily overvalued housing markets of 2007 or the overvalued Internet stocks of the late 1990s to give the Fed more impact on its expected rate hikes.

The adjustment to Fed policy tightening has been rapid by some measures. But it has spread moderately across a range of markets, none catastrophically, with little impact yet on inflation or consumer spending.

]]>
Hochul tells cabinet to moderate spending amid economic uncertainty https://mmogaccounts.com/hochul-tells-cabinet-to-moderate-spending-amid-economic-uncertainty/ Sat, 11 Jun 2022 16:00:00 +0000 https://mmogaccounts.com/hochul-tells-cabinet-to-moderate-spending-amid-economic-uncertainty/ New York Governor Kathy Hochul said she told her cabinet they may have to be careful with state spending next year as inflation continues to rise and Wall Street fall. Hochul held his first meeting with top advisers and heads of state agencies since the end of the legislative session. She told them that while […]]]>

New York Governor Kathy Hochul said she told her cabinet they may have to be careful with state spending next year as inflation continues to rise and Wall Street fall.

Hochul held his first meeting with top advisers and heads of state agencies since the end of the legislative session. She told them that while the state budget looks balanced through the end of the fiscal year, they will need to have more modest spending targets for next year and prepare for a possible recession.

“We talked about moderating expectations,” Hochul said.

Just a few months ago, New York was teeming with money from federal COVID-19 relief programs. But Hochul said the cost of everything has gone up and Wall Street, which provides 18% of the state’s total revenue, has gone down, and those trends are expected to continue for some time.

“What we are very intentional about is not creating gaps during the year or creating a scenario where we could not afford to pay for what we committed to this year” , said the governor.

She said she has no plans to reimpose a hiring freeze at this time, and that there are 15,000 state government positions that are vacant and need to be filled.

The governor’s comments come as state comptroller Tom DiNapoli released a new report on the $8.1 billion the state owes the federal government in loans that paid unemployment insurance benefits to New Yorkers at the height of the pandemic. The state’s debt is second only to California, and New York is one of seven states that still owe the federal government money. The comptroller warned that if New York does not make a substantial payment soon, interest charges will rise and could hamper the state’s “employment recovery amid growing economic uncertainty.” DiNapoli said tax bills will rise for state companies, which will have to help pay down debt.

Hochul’s budget director Robert Mujica said state enterprises have always had to shoulder a portion of any unemployment insurance debt to the federal government, and he doesn’t expect that to change. .

“These are tougher challenges than we’ve ever seen before, so the size is more important,” Mujica said. “It’s going to be spread over many years.”

Business groups including Upstate United have said the state has received billions of dollars in COVID relief grants and should not pass the costs on to local businesses.

“Millions of families who are already squeezed by historic inflation rates will finally pay the tab of New York’s remaining $8.1 billion debt to Washington,” said Justin Wilcox, executive director of Upstate United. , in a press release.

Mujica left the door open to using state money to pay off some debt in the future, if there is available revenue.

Hochul said the state government is taking some steps to help New Yorkers struggling with higher costs. She said the state’s share of gasoline taxes has been suspended until 2023. So far, however, that hasn’t resulted in lower costs at the pump.

]]>
Debt Relief for a Green and Inclusive Recovery, By Luckscheiter, Adeniran, Okereke & Kwaga https://mmogaccounts.com/debt-relief-for-a-green-and-inclusive-recovery-by-luckscheiter-adeniran-okereke-kwaga/ Thu, 09 Jun 2022 21:56:58 +0000 https://mmogaccounts.com/debt-relief-for-a-green-and-inclusive-recovery-by-luckscheiter-adeniran-okereke-kwaga/ Given Nigeria’s institutional knowledge and experience in leading debt restructuring negotiations since the last round of debt cancellation, aligning the use of debt-for-climate swaps with the government’s plan to further develop the country’s green bond market, and the country’s urgent need but weak fiscal capacity to move away from the fossil economy, the idea of […]]]>

Given Nigeria’s institutional knowledge and experience in leading debt restructuring negotiations since the last round of debt cancellation, aligning the use of debt-for-climate swaps with the government’s plan to further develop the country’s green bond market, and the country’s urgent need but weak fiscal capacity to move away from the fossil economy, the idea of ​​debt relief for a green recovery and inclusive looks promising.

Nigeria’s debt is growing rapidly and approaching unsustainable levels. The country will struggle to deliver on its development and climate commitments given growing fiscal constraints. Debt relief for a green and inclusive recovery initiative could provide innovative solutions to address these challenges.

Nigeria’s economy has been hit hard by the effects of the COVID-19 pandemic. In 2020, the country recorded its largest quarterly contraction since the 1980s, at around minus 6% in the second quarter. Oil exports in 2020 fell by around 43% and tax revenues by 28%.

Although the Nigerian economy grew by 3.4% in 2021, more than five million Nigerians will have fallen into poverty by 2022 due to the lingering impact of the COVID-19 pandemic. This brings the number of Nigerians living in poverty to around 95 million (or 46% of the population) according to the World Bank. More than a third of the labor force is still unemployed or underemployed.

Nigeria’s medium to long-term economic prospects are also of concern. Despite the spike in global energy prices due to the war in Ukraine, the pace of the global energy transition away from fossil fuels is set to accelerate. As the European Union (EU) is currently striving to diversify its oil and gas imports away from Russia and is looking to Nigeria in this regard, the European Commission’s REPowerEU plan has increased the overall target to 2030 for renewable energies from 40 to 45%. A 2021 report by think tank Carbon Tracker estimates that countries dependent on fossil fuels could see a 51% drop in government oil and gas revenues as part of a shift to a low-carbon world over the next few years. next two decades.

Partly due to the heavy debt burden, Nigeria lacks the fiscal capacity to meet its commitments to achieve the Sustainable Development Goals (SDGs) and contribute to the achievement of the Paris climate goals. What the United Nations has defined as a “decade of action” begins with Nigeria and many other developing countries regressing, instead of making accelerated progress.

But even before the impacts of the COVID-19 pandemic hit, Nigeria’s economy and public finances were on shaky ground as the country struggled to emerge from the 2016 recession caused by a slump in oil prices. . Between 2015 and 2019, the country’s debt more than doubled from N12.6 trillion to N27.1 trillion. As of June 2021, this figure has risen to around 39 trillion naira and it is expected to reach 45 trillion naira by the end of 2022. While the debt-to-GDP ratio remains below the self-imposed bar of 40%, debt service costs have reached a worrying level. In 2021, Nigeria at the federal level spent about 76% of its revenue on debt service. At the same time, Nigeria’s external debt structure has fundamentally changed, with commercial debt now accounting for a large share (about 40%) compared to the early 2000s. Bilateral debt is largely owed to China by opposition to Paris Club countries.

Partly due to the heavy debt burden, Nigeria lacks the fiscal capacity to meet its commitments to achieve the Sustainable Development Goals (SDGs) and contribute to the achievement of the Paris climate goals. What the United Nations has defined as a “decade of action” begins with Nigeria and many other developing countries regressing, instead of making accelerated progress.

The investments needed for the country’s development and climate commitments appear more daunting than ever. Nigeria’s financing gap to achieve the SDGs by 2030 is estimated at N125 trillion. The estimated cost of implementing the country’s Nationally Determined Contribution, which would reduce Nigeria’s emissions by up to 47%, compared to the business as usual scenario by 2030, is N74 trillion.

An international debt relief initiative for a green and inclusive recovery could provide innovative solutions to address these challenges. The Vulnerable Twenty (V20) Group of Finance Ministers of the Climate Vulnerable Forum to which a number of Nigerian peers from the ECOWAS region belong – including Senegal, Ghana, Niger and Liberia, among others – issued a statement before the last UN climate meeting. conference in Glasgow advocating for a major debt restructuring initiative for countries burdened with debt, development and climate challenges.

To ensure the participation of private creditors, multilateral agencies could establish guarantee facilities that would facilitate debt relief negotiations and provide credit enhancements for new “green and inclusive recovery” bonds that would be exchanged for debt. old debt with discount. In addition, strict transparency and accountability measures should be put in place to ensure the development impact of any debt relief.

At its core, the proposal suggests that the debts and debt service costs of developing countries must be reduced in return for clear and measurable commitments and investments in programs and projects aimed at achieving the SDGs and the Paris Climate Agreement. In deciding which countries are eligible, the World Bank and IMF should improve their debt sustainability analysis to include climate and sustainability risks and needs in their assessment. If they find that a country has unsustainable public debt, debt relief, involving equal shares of public and private creditors, would be granted. To ensure the participation of private creditors, multilateral agencies could establish guarantee facilities that would facilitate debt relief negotiations and provide credit enhancements for new “green and inclusive recovery” bonds that would be exchanged for debt. old debt with discount. In addition, strict transparency and accountability measures should be put in place to ensure the development impact of any debt relief. This could take the form of a dedicated “green and inclusive recovery” fund with its own accounting, auditing and reporting systems that encourage citizen oversight and participation.

Nigerian political leaders are increasingly warming to the need for debt relief in Africa. President Muhammadu Buhari advocated for debt cancellation for African countries at the United Nations General Assembly in September last year. More recently, Speaker of the House of Representatives Femi Gbajabiamila joined African Speakers of Parliaments in another call for full debt cancellation. As any international debt initiative seems more likely if tangible plans and commitments are put on the table by a broad coalition of countries seeking relief, the Nigerian government should closely interrogate the proposals of its peers.

Given Nigeria’s institutional knowledge and experience in leading debt restructuring negotiations since the last round of debt cancellation, aligning the use of debt-for-climate swaps with the government’s plan to further develop the country’s green bond market, and the country’s urgent need but weak fiscal capacity to move away from the fossil economy, the idea of ​​debt relief for a green recovery and inclusive looks promising. Even if only limited debt relief were granted, the proceeds would easily be a multiple of the 15 billion naira raised through Nigeria’s second green bond issuance in 2019.

Jochen Luckscheiter works at the Abuja office of the Heinrich Böll Foundation, Adedeji Adeniran at the Center for the Study of African Economies, Chukwumerije Okereke at the Center for Climate Change and Development, and Vahyala Kwaga at BudgIT.


WATCH: Governor Yahaya Bello’s Roadmap to Hope 2023



ADVERTISING CITIZEN-FM


Support the integrity and credibility journalism of PREMIUM TIMES

Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government.

For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.

Make a donation


ANNOUNCEMENT TEXT: Call Willie – +2348098788999







Announcement of the PT Mag campaign

]]>