Arsenal Defender Jenkinson Joins West Ham On Season-long Loan | Fox Sports

Fitch Affirms Blackstone/GSO Sr. Floating Rate Term Fund Sr. Notes & Preferred Shares at ‘AAA’ – Yahoo Finance

Wenger signs new three-year contract Jenkinson, who joined the Gunners from Charlton in 2011 and earned his only England cap against Sweden 18 months later, becomes the Hammers’ sixth summer signing joining Mauro Zarate, Enner Valencia , Cheikhou Kouyate, Aaron Cresswell and Diego Poyet. “I’m clearly seen as a big part of things here and hopefully I can prove my worth here because it is an important year for me,” saidJenkinson. “I was flattered to have a lot of options but deep down, if I was being honest with myself, West Ham was always the place I wanted to go to. “It’s one of them where I wanted to do the right professional thing and consider all the options, but in the back of my mind it was always West Ham and I’m just so glad it’s all worked out how I wanted it to in the end. “It will be brilliant to play here. I’ve got a lot of friends who are West Ham fans and I know how good the supporters are here. “You get a great atmosphere here and the fans are great, so I just can’t wait to get a West Ham shirt on and get on the pitch and play.” Jenkinson, who played for Finland at Under-17, Under-19 and Under-21 level before switching to the Three Lions, was swayed by the Hammers’ ambition to progress. “To be honest, that was a big swing in this for me, seeing this club is going in the right direction,” he explained. “Obviously the (Olympic) stadium plans are only a couple of years away and that’s going to improve this club massively.
Puedes ver la version sin traducir en http://www.foxsports.com/soccer/story/arsenal-defender-jenkinson-joins-west-ham-on-season-long-loan-080114

Fitch Rates Nelnet Student Loan Trust 2014-6 – Yahoo Finance

The fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital. The fund will invest at least 80% of its assets in senior secured floating rate loans. The fund commenced investment operations in May 2010, and absent shareholder approval to extend the term of the fund, the fund will dissolve on or about May 31, 2020. ASSET COVERAGE As of June 30, 2013, the fund’s Asset Coverage Ratio for the senior notes and preferred shares was in excess of the 225% minimum threshold required by the fund’s governing documents. As of the same date, the fund’s total and net overcollateralization (OC) tests’ ratios were in excess of the 100% minimum threshold required by the fund’s governing documents. The fund’s total and net OC tests are similar to the Fitch total and net OC tests at the ‘AAA’ rating guidelines, and are deemed to be consistent with a ‘AAA’ rating. STRUCTURAL PROTECTIONS Should any of the fund’s asset coverage tests decline below their minimum threshold amounts, the governing documents’ mandatory redemption provisions will require the fund to cure the tests or redeem the affected liabilities in a sufficient amount to restore compliance with the applicable test(s). After 8/31/2017, any sales proceeds or repayments from the fund’s portfolio will be used to redeem, pro-rata, the fund’s notes, preferred shares, and common equity. However, if certain conditions are satisfied after this period sales proceeds or repayments will be used to repay solely the notes and preferred shares on a pro-rata basis.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-blackstone-gso-sr-200100635.html

Breakout Month In July: Cov-Lite Share of European Institutional Debt Highest Level in Seven Years – Forbes

EUR 2014-08-01 cov lite chart 1_750

Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

Two U.S. home loan banks in talks on merger – Yahoo Finance

For the year to date, a record-high 39% of institutional loans have no maintenance covenants, up from 21% in 2013, and 7% in 2007. Covenant-lite arrived in Europe on the back of cross-border issuance, but while cross-border transactions continue to command a large share of the European cov-lite sample, more domestic transactions are joining the club, such as Continental Continental Foods,GHD GesundHeits, andAenova. Taking the trend a step further, three issuers used the borrower-friendly conditions to opportunistically refinance from a covenanted to a cov-lite structure in July a process seldom seen in Europe since 2007. They followed in the footsteps ofIglo, which launched a cov-lite refinancing in June. Continental Foods stripped out maintenance covenants as part of a dividend-linked transaction, while Aenova is similarly seeking to remove covenants and pay a dividend. On the cross-border front,Terexis out with a refinancing that shifts its debt onto a cov-lite footing. In another sign of hot market conditions, the average number of maintenance covenants on newly issued loans continues to decline. Excluding cov-lite deals, the average number of tests on deals launched in the year to July 31 has fallen to a record low of 2.5, from three in 2013, and 3.6-area between 2008 and 2012 (based on deals for which LCD tracked terms and conditions). Cross-border transactions are partially responsible for driving this trend.
Puedes ver la version sin traducir en http://www.forbes.com/sites/spleverage/2014/08/01/breakout-month-in-july-cov-lite-share-of-european-institutional-debt-steps-up/

Done Two U.S. home loan banks in talks on merger 1 hour ago Done (Adds background, reaction from FHFA) July 31 (Reuters) – The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle said on Thursday they had entered into an exclusive arrangement on a potential merger. The Federal Home Loan Bank System is made up of 12 regional banks that help finance mortgages made to consumers by their members that include banks, credit unions and insurance companies. FHLB Des Moines is the larger of the two banks by assets with $82.2 billion at the end of June. FHLB Seattle had $36.5 billion. The proposed merger would require approval from their regulator, the Federal Housing Finance Agency, and the two banks’ members, they said in a statement. “FHFA views this potential merger as consistent with the mission of the Federal Home Loan Bank System and with the safe and sound operation of each Federal Home Loan Bank,” FHFA director Melvin Watts said in a statement. It was not the first time two FHLBs consider merging. Almost seven years ago, the Federal Home Loan Bank of Chicago was in talks with its Dallas counterpart to merge, but the deal was called off eight months later.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/two-u-home-loan-banks-191951691.html

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

Xerox Education Services LLC (Xerox-ES), Great Lakes Educational Loan Services Inc. (GLELSI) and Pennsylvania Higher Education Assistance Agency (PHEAA) will service 47.22%, 9.07% and 7.44%, respectively, of the remaining portfolio. In Fitch’s opinion, all servicers are acceptable servicers of FFELP student loans. RATING SENSITIVITIES Since FFELP student loan ABS rely on the U.S. government to reimburse defaults, ‘AAAsf’ FFELP ABS ratings will likely move in tandem with the ‘AAA’ U.S. sovereign rating. Aside from the U.S. sovereign rating, defaults and basis risk account for the majority of the risk embedded in FFELP student loan transactions. Additional defaults and basis shock beyond Fitch’s published stresses could result in future downgrades. Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. For further discussion of Fitch’s sensitivity analysis, please see the presale titled ‘NSLT 2014-6’, dated July 28, 2014, available at http://www.fitchratings.com .
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-rates-nelnet-student-loan-191600329.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s