Debt swap

Prospects improving for Shetland oil pioneer

SHETLAND-focused Hurricane Energy saw its shares rise about 10% from a low base after highlighting the boom it enjoyed following the recent rise in oil prices. Four months after the High Court blocked a debt-for-equity swap scheme that would have left creditors in control of the business, the company’s position …

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Numerous Alcoa Votes Pave the Way for Smith & Wesson | New

The Alcoa city commission on Tuesday passed several resolutions and ordinances that make room for road works, zoning, financing and other issues related to the Smith & Wesson deal that is expected to allow the gunmaker to fire to move into Partnership Park North. The industrial park is located just …

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NAB closes first Australian derivative linked to ESG

NAB today announced that it has closed its first Australian ESG-linked derivative with a company listed on ASX50. As part of the transaction, the client negotiated an ESG interest rate swap exclusively with NAB. ESG derivatives are specialized products linked to environmental, social and governance (ESG) objectives. They encourage Australian …

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Debt-for-climate swaps for small islands

Debt swaps for climate have long been proposed as an alternative source of climate finance for developing countries14. These mechanisms consist of the cancellation of bilateral or multilateral debt by creditors in exchange for a commitment by the debtor to use debt service payments for national climate action programs. Debt …

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A wave of green government bonds floods the markets

October 9, 2021 A WAVE OF green sovereign debt is flooding the markets. Britain issued its first such bond in September, alongside other new issuers, such as Colombia and Spain. They join at least 20 countries that are already issuing green debt, including Germany, which is on track to build …

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UPDATE Eurozone yields at their highest since June amid inflation concerns

* Eurozone Periphery Government Bond Yields tmsnrt.rs/2ii2Bqr (adds analyst comment, background) MILAN, Oct.6 (Reuters) – Eurozone yields rose as government bond sell-offs continued on Wednesday amid concerns over inflation and the potential tightening of monetary policy, while the German inflation expectations indicator reached its highest level since May 2013. Oil …

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