National Investment Banking Competition 2021-2022 2 NIBC Overview
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SCI's 8 Annual Securitization Pricing, Valuation & Risk Seminar
SCI’s 8th Annual Securitization Pricing, Valuation & Risk Seminar June 2015, New York SCI will be hosting its fast growing Securitisation Pricing & Risk Seminar in June 2015 in New York. 200 registered for this event in 2014 with both trading and pricing professionals in attendance. Our objective is to build this event to make it the definitive pricing event for securitised assets, and to succeed we need to build it out strongly over the next few years with the backing and partnership of firms such as yours. As ever the agenda will cover a good mix of relevant and pertinent discussions such as: relative value; valuation and audit; regulations; updates on CLO & ABS valuations, and discussions on primary market issuance. This is also great networking event, offering a focussed discussion environment. For a list of delegates attending in 2014 see page 2 of this document. We encourage you to join your peers and sponsor this event: panel speaking, workshops, exhibition space, client invitations and more are available to sponsors. Why sponsor? SCI gives you a platform designed to help you get your message across: Take part in topical debate at the forefront of market discussion Reach a closely targeted audience of investor and sell‐side clients Be seen as a domain expert and thought-leader via an uncluttered, focussed agenda Reach new and existing customers throughout the conference Why SCI? A well established event with a track record of having a strong, senior turnout Programme devised around current market issues and hand-picked speakers Event builds on SCI’s highly regarded daily news coverage Gold Sponsorship package: a. -
Market Monitor
MARKET MONITOR M&A and financing update 1st Quarter 2020 “There are decades where nothing happens; and there are weeks where decades happen” said Vladimir Lenin Indeed for many of us, the last few weeks of “interesting times” seemed undoubtedly like decades. We are hearing “unprecedented” as often as “coronavirus”. An increasingly common sentiment is that “this time is different.” Lately, the comparisons to past events such as the Great Recession, September 11th, and Black Monday have been questioned. But, relatively little attention has been given to the oil price shock that may have more significant long-term economic implications than COVID-19. The lack of precedent, or our ability to recognize precedent where it’s relevant, will test leadership at all levels of the U.S. economy as monetary, fiscal, and regulatory policy levers are being pulled to create a baseline and a path forward. From February 11th to March 12th, the Dow Industrial average dropped 28%, sending the U.S. into a bear market. On March 9th the stock market experienced its first trading halt when the S&P 500 declined 7%. The capital markets took notice and continued forward. On March 12th when the second trading halt occurred the gravity of the situation intensified and the capital markets began to pause. By noon, almost every M&A sale process was stopped due to the very real threat of COVID-19 on the U.S. economy as the hospitality industry closed its doors, social gathering was restricted by local governments, and employers quickly shifted to work from home models. -
Td Bank Group Q 2 202 1 Earnings Conference Call May 2 7 , 202 1 Disclaimer
TD BANK GROUP Q 2 202 1 EARNINGS CONFERENCE CALL MAY 2 7 , 202 1 DISCLAIMER THE INFORMATION CONTAINED IN THIS TRANSCRIPT IS A TEXTUAL REPRESENTATION OF THE TORONTO-DOMINION BANK’S (“TD”) Q2 2021 EARNINGS CONFERENCE CALL AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALL. IN NO WAY DOES TD ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON TD’S WEB SITE OR IN THIS TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE WEBCAST (AVAILABLE AT TD.COM/INVESTOR) ITSELF AND TD’S REGULATORY FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS. FORWARD - LOOKING INFORMATION From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements made in this document, in the Quarterly Report to Shareholders for the quarter ended April 30, 2021 under the heading “How We Performed”, including under the sub-headings “Economic Summary and Outlook” and “The Bank's Response to COVID-19”, and under the heading “Managing Risk”, and statements made in the Management’s Discussion and Analysis (“2020 MD&A”) in the Bank’s 2020 Annual Report under the headings “Economic Summary and Outlook” and “The Bank’s Response to COVID-19”, for the Canadian Retail, U.S. -
An Acuris Company Restructuring Data
Restructuring Insights - UK An Acuris Company Restructuring Data - Europe 27 May 2020 Restructuring Insights - UK Restructuring Insights - UK An Acuris Company Debtwire Europe CONTENTS AUTHORS Introduction 3 Joshua Friedman Restructuring Data Analysis 5 Global Head of Restructuring Data Creditor/Investor Analysis 19 +1 (212) 574 7867 [email protected] UK Restructurings: Marketplace & Current Issues 25 Timelines and Tables 28 Shab Mahmood Contacts 35 Restructuring Analyst Disclaimer 36 +44 203 741 1323 [email protected] Juan Mariño, CFA Restructuring Analyst +44 203 741 1364 [email protected] Donald Ndubuokwu Restructuring Analyst [email protected] 2 Restructuring Insights - UK An Acuris Company Introduction: Restructuring Data - Europe As part of the roll-out of Debtwire’s Restructuring Data - Europe, this inaugural Restructuring Insights Report serves as a preview of the power, breadth and depth of the data that will be available to subscribers. Debtwire’s global team of legal, financial, credit and data professionals has been producing analysis and data reports on a variety of restructuring topics and in jurisdictions across the globe. In a natural evolution of that data-driven direction, we have compiled and enhanced the data underlying those reports and combined it with Debtwire’s exclusive editorial coverage and financial research to create a searchable Restructuring Database, which will allow subscribers to craft bespoke data-driven answers to a wide variety of research questions and to enhance business development. With the expansion to cover Europe, the Restructuring Data platform now includes bankruptcy and restructuring situations in North America (US Chapter 11s, Chapter 7s and Chapter 15s), Asia-Pacific (NCLT processes in India) and Europe. -
TRAINING and EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update
TRAINING AND EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update The outbreak of COVID-19 has resulted in a global health emergency and sent financial markets into a frenzy. Houlihan Lokey presents an initial assessment of the impact on the training and education industry Select Sector Observations In recent weeks, COVID-19 (or, the “coronavirus”) has globally sent shock waves through markets and captured the attention of the world. Since mid-February, the SELECT outbreak has accelerated and infections have become widespread, resulting in HOULIHAN LOKEY significant market volatility that is expected to continue in the near term. Substantial CREDENTIALS disruption to business operations has occurred, and all sectors of the economy have been impacted, including the training and education (T&E) industry, which is ECE K–12 adapting to a remote workforce and 1.5 billion academic students now learning from home.(1) The T&E market has a fundamentally robust, long-term outlook, which remains has been acquired by has been acquired by unchanged due to ongoing growth in demand, often multi-year revenue visibility, and ongoing innovation. While the near-term outlook for the T&E industry varies by subsector, the rapidly shifting delivery modes resulting from the current disruption Sellside Advisor Financial Advisor & Fairness Opinion may accelerate underlying secular trends. Early Childhood Education (ECE): The closure of early childhood education centers will pose near-term revenue challenges for the sector. The revenue impact K–12 K–12 to employer-funded, work-based childcare may be somewhat delayed, since much of that revenue is contracted. -
Some Implications of the Tensions in Ukraine After a Tense Start to the Week, Market Angst Over the Tensions Between Ukraine ECONOMIC RESEARCH and Russia Has Eased
A timely analysis of recent economic events March 4, 2014 Some Implications of the Tensions in Ukraine After a tense start to the week, market angst over the tensions between Ukraine ECONOMIC RESEARCH and Russia has eased. Russia’s stock market retraced half of Monday’s losses, www.bmocm.com/economics the ruble firmed from record lows, and the Ukrainian hryvnia has stabilized. 1-800-613-0205 While Russia’s troops on the border with Ukraine have returned to their bases, Benjamin Reitzes, the risk is clearly that the situation destabilizes further. Indeed, fears remain Senior Economist that Russia could make a push (official or unofficial) into other Russian- [email protected] speaking provinces in Ukraine under the guise of protecting Russian interests. 416-359-5628 And, the standoff over Crimea is not over yet, though a referendum due March 30 in this Russian speaking province points to increasing Russian influence at the expense of Ukraine’s central government. This crisis is not over yet. As such, it’s worthwhile to take account of the potential economic ramifications. Clearly, an intensified conflict would be negative for the region and global economy. The steep deterioration in relations with Russia is broadly a negative. More specifically, the U.S., EU and Western allies have threatened Russia with economic sanctions and potential expulsion from the G8. The consequences could be quite severe for the Russian economy, depending on the extent of the sanctions. However, Russia is a key supplier of oil and natural gas to Europe, which, along with extensive direct business interest in the country, could make the EU reluctant to apply harsh sanctions. -
Phillips Edison & Company Closes on $980 Million Unsecured Credit Facility
Phillips Edison & Company Closes on $980 Million Unsecured Credit Facility July 2, 2021 New term loans and revolving credit facility lower interest rate and extend maturity CINCINNATI--(BUSINESS WIRE)-- Phillips Edison & Company, Inc. (“PECO”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, announced it has refinanced one of its term loans and secured a new revolving credit facility. On July 2, 2021, PECO closed a new $980 million senior unsecured credit facility (the “Facility”) led by PNC Bank, National Association as Administrative Agent. The Facility is comprised of a $500 million revolving credit facility (the “Revolver”) and two separate $240 million unsecured variable rate term loans (the “Term Loans”). Proceeds from the Term Loans are being used to repay an existing term loan at a reduced interest rate. The first $240 million term loan has a maturity in November 2025, and the second $240 million term loan has a maturity in July 2026. Borrowings will bear interest at an annual rate of LIBOR plus 125 basis points, subject to the continuation of PECO’s covenant leverage, which rate is 40 basis points lower than the refinanced term loan that had a maturity of November 2025. The Revolver has a maturity in January 2026, with options for PECO to extend the maturity for two additional six-month periods, replacing the previous revolving credit facility which had a maturity of October 2021. Borrowings under the Revolver will bear interest at an annual rate of LIBOR plus 135 basis points, subject to the continuation of PECO’s covenant leverage, which rate is five basis points lower than the previous revolving credit facility. -
DFA Canada Canadian Vector Equity Fund - Class a As of July 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change
DFA Canada Canadian Vector Equity Fund - Class A As of July 31, 2021 (Updated Monthly) Source: RBC Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms and conditions of -
Es Portraits As Gifts for Strangers at Cafe
TODAY IN 532 1788 1817 1871 HISTORY Nika uprising against Emperor First elements of the First Fleet José de San Martín leads a rev- Second German Empire pro - Justinian in Constantinople fails, carrying 736 convicts from Eng- olutionary army over the claimed by Kaiser Wilhelm I and 30,000 killed by troops loyal to the land to Australia arrives at Botany Andes to attack Spanish Otto von Bismarck Emperor in the Hippodrome Bay to set up a penal colony royalists in Chile among some of the most influen- rejected in early 2012. tial young cultural players in the It wasn’t until she moved to Middle East, the wider Muslim London a couple of years ago Nour Hage’s Zero One col- world, and beyond. that she decided to switch to lection takes clothes tra- In September, for example, When I was designing menswear. Emmy-winning British actor the collection, I was “I wanted to rebrand com - ditionally associated with and rapper Riz Ahmed was on thinking about who pletely,” she says. “I felt the need the Middle East — abayas, the cover of GQ in the UK. On my target audience to bring out Arab culture and thobes, et cetera — and the inside pages he was pictured is. The brand is about the traditional clothing that I wearing two items from Hage’s think is beautiful, but was over- gives them a distinct and collection; an abaya and Satra expressing pride in looked in the last few decades. (a jacket inspired by traditional Arab culture and There’s something really proud contemporary feel Levantine wrapped coats). -
Including League Tables of Financial Advisors
An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report 2019 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Global Private Equity 09 Europe 14 US 19 Latin America 24 Asia Pacific (excl. Japan) 29 Japan 34 Middle East & Africa 39 M&A and PE League Tables 44 Criteria & Contacts 81 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report 2019 Global Overview Regional M&A Comparison North America USD 1.69tn 1.5% vs. 2018 Inbound USD 295.8bn 24.4% Outbound USD 335.3bn -2.9% PMB USD 264.4bn 2.2x Latin America USD 85.9bn 12.5% vs. 2018 Inbound USD 56.9bn 61.5% Outbound USD 8.9bn 46.9% EMU USD 30.6bn 37.4% 23.1% Europe USD 770.5bn -21.9% vs. 2018 50.8% 2.3% Inbound USD 316.5bn -30.3% Outbound USD 272.1bn 28.3% PMB USD 163.6bn 8.9% MEA USD 141.2bn 102% vs. 2018 Inbound USD 49.2bn 29% Outbound USD 22.3bn -15.3% Ind. & Chem. USD 72.5bn 5.2x 4.2% 17% 2.6% APAC (ex. Japan) USD 565.3bn -22.5% vs. 2018 Inbound USD 105.7bn -14.8% Outbound USD 98.9bn -24.5% Ind. & Chem. USD 111.9bn -5.3% Japan USD 75.4bn 59.5% vs. 2018 Inbound USD 12.4bn 88.7% Global M&A USD 3.33tn -6.9% vs. 2018 Outbound USD 98.8bn -43.6% Technology USD 21.5bn 2.8x Cross-border USD 1.27tn -6.2% vs. -
Citigroup Is Citigroup's Dividend Safe? Downgrading Stock Sector Weig Hting: Due to Capital Concerns Market Weight 12 -18 Mo
Equity Research Change in Recommendation October 31, 2007 US Banks Stock Rating: Sector Underperformer Citigroup Is Citigroup's Dividend Safe? Downgrading Stock Sector Weig hting: Due to Capital Concerns Market Weight 12 -18 mo. Price Target None C-NYSE (10/30/07) $42.41 Our thesis is simple. We believe over near term, C will need to raise over Key Indices: S&P 500, DJ Ind, NYSE, S&P 100 $30bn in capital through either asset sales, a dividend cut, a capital raise, or combination thereof. We believe such a catalyst will pressure the stock 3-5-Yr. EPS Gr. Rate (E) 10.0% significantly lower and accordingly downgrade to SU from SP as of Oct 31. 52 -week Range $40.44 -$56.66 Shares Outstanding 4.9B Float 4,900.0M Shrs C's tang. capital stands at just 2.8%. Since 2006, C has made $26 billion in Avg. Daily Trading Vol. 17,0 00,000 acquisitions, taken over $6 billion in recent charges, and increased its Market Capitalization $208.4B dividend against a backdrop off almost no net income growth. Tang. equity Dividend /Div Yield $2.16 / 5.1% has been almost flat since '05 while tang. assets have grown almost 60%. Fiscal Year Ends December Book Value $25.84 per Shr To put into context, avg. tang. cap ratios are closer to 5% for C's peers. 2007 ROE (E) 14.0% While not part of our immediate thesis, higher credit losses and further LT Debt $340.0B disruption in the SIV market would only exacerbate our thesis of capital Preferred $1,000.00M pressures. -
Yb"J Governance Edition
issue 004 - 2009 Yb"j governance edition POCKETBOOK Eco-Innovation COMMERCE Project Reuse Me PEOPLE & SOCIETY Yemen’s Refugees THE VERVE Exploited Jewels CREATIVE CONSCIOUS Love & The Cause IMPRESSIONS Rebuilding Iraq THINK FORWARD Sudan in Crisis MAKE YOUR MOVE trusting others to decide for you... issn 1998-1023 a publication dedicated to social responsibility in the Arab world EL BOUTIQUE SENIOR DESIGNER Tamara Taouil RESEARCH Khadija Hatim TECHNICAL DESIGNER Huzaifa Rajodwala CONTENT COORDINATOR Hussah Al Tamimi EL BOUTIQUE GRAPHIC DESIGNER Quresh Fakhruddin RESEARCH Alefia Zakir TREE OF HOPE The Tree of Hope is dedicated to organizations and individuals who support en.v as we embark on a thought-provoking journey. Log on to envearth.com and download our mediakit to learn more about how you can support en.v’s initiatives. 4 issue 004 - 2009 envearth.com CONTENTS en.v 1 en.v 49 CREATIVE CONSCIOUS 4 Tree of Hope 50 Film: Fouad Nahas 6 Contributors 52 Books: Hamida Na’na’: Syrian 7 Editor’s Letter Writer in Exile The Metaphor 8 Opinion: White, or Off White? 53 Music: 54 Art: Love & The Cause 10 POCKETBOOK 56 Design: Conserving History p.18 11 Lingo 59 IMPRESSIONS 12 Statistics Iraq... Building a Nation? 13 Calendar 14 Trends 17 COMMERCE 18 Initiatives: Project Reuse Me 20 Economics: The Credit Crunch Arrives... 22 Business: Telecommunications: p.28 Leading Privatization 23 Online: Page Not Found 25 PEOPLE & SOCIETY 68 THINK FORWARD 26 Culture: Egypt: Seeking an 69 Agriculture: From Sorghum to Guns Impossible Balance 72 Industry: On the