Podcasts about corporate debt

We are back to France — the current epicentre of European credit stress — for our second episode of Distressed Diaries.Over the last few months, French lab company Cerba's debt has taken a beating as fears mount over its unsustainable €3.8bn capital. Most recently, 9fin reported that creditors have started to organise and appointed legal advisors in the lead up to possible debt negotiations.There's no lack of drama in this episode. First, the company's liquidity has been hit by the French government's decision to cut tariffs on lab tests in September last year. Then CEO Emmanuel Ligner unexpectedly stepped down in March with his replacement Julien Samson only joining in early June.The weak performance has meant climbing net leverage (to 9.3x in Q1 25 from 8.4x in FY 24), followed by recent S&P's downgrade to CCC+ and listing of its debt from CLOs.In this episode, our host, senior distressed reporter Bianca Boorer, sits down with 9fin's senior distressed credit analyst Denitsa Stoyanova and senior legal consultant Rebecca Davies to talk about Cerba's financial situation, creditors' reactions, how the company plans to address this, what is possible under the debt docs, and more.9fin's analysis of Cerba's capital structure is here and a deep dive over LME and liquidity options is here.

President Donald Trump's much anticipated ‘Liberation Day' sent global markets into a tizzy in April, but how did private credit firms react?During what we have termed the ‘Deliberation Days' of Q1, private credit investors were scrambling to mitigate potential tariff risks as best they could but they were also on the offensive.Elijah Jackson's latest quarterly report on the state of the market, ‘Good Deal Hunting', is aptly titled as direct lenders did not shy away from stealing BSL marketshare during the period. And PC firms were also able to pick up an extra 25bps of spread on average — how d'ya like them apples?David Brooke, 9fin's private credit editor, sat down with Elijah on this week's episode of Cloud 9fin to unpack some of the wicked smart moves that lenders made.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

In this week's episode of Syndication Nation, a podcast dedicated to all things leveraged finance-related, 9fin deputy editor Sasha Padbidri and head of legal James Wallick have put together a terrible headline and a great conversation on the emergence of President Donald Trump's tariff language in new issue debt documents.For more details (and terrible headlines), check out our reporting on Spanish waste management company Urbaser, which is among the first leveraged credits to include tariff language in its new issue bond OM.Have any feedback about this episode? Send us a note at podcast@9fin.com. Thanks for listening!

In this episode of Jane's LME Addiction, our head of LME coverage Jane Komsky brings in Rachel Murray, a managing director at Moelis, to discuss how today's restructuring environment compares to the Covid era and how that experience can guide clients. They discuss what makes an LME effective, in addition to current trends and techniques that are shaping the space.Check out all of our LME coverage at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

In this episode of Cloud 9fin, Tanvi Gupta, global head of CLOs at 9fin, talks with Yang Xu, CEO at City Hall Capital, to discuss the growth of family offices allocating to CLOs.They talk about how CLO equity and mezz ticks all the boxes for family offices, the need for more double-B CLO funds, captive equity vs third party equity funds, and how CLO managers need to do more to educate family offices, which other asset classes do better.

In the inaugural episode of Syndication Nation, 9fin's podcast on all things syndicated debt, deputy editor William Hoffman joined US managing editor Bill Weisbrod to talk about his recent coverage of Warner Bros. Discovery and its $37bn of debt to high yield by S&P. They discussed what led to the downgrade, the prospects for the company reaching full-blown fallen angel status, and broader implications for the high yield market if and when that happens.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

In this episode of Corporate Finance Explained on FinPod, we dive into the world of corporate debt management, a crucial aspect of business strategy that can fuel growth or sink companies if mismanaged. Join us as we break down the fundamentals of debt versus equity financing, explore real-world examples like Tesla, Apple, and Toys R Us, and reveal best practices that companies use to navigate the complex financial landscape.Learn how companies use leverage to amplify returns, the strategic use of convertible debt in high-growth phases, and the risks of over-leverage with cautionary tales from companies like Evergrande. From term loans to mezzanine financing, this episode provides a comprehensive overview of the tools and strategies finance professionals need to manage debt effectively.Whether you're a finance student, an aspiring corporate finance professional, or someone looking to understand how companies manage financial risks and optimize capital structures, this conversation offers invaluable insights and practical strategies for success.

In today's market, speed of information and up-to-the-minute accuracy are essential in portfolio management. With that in mind, Chase Collum, head of podcasts at 9fin, sat down with Scott Alintoff at FIS to discuss how lenders can ensure they're staying ahead in these turbulent times.In this third of a series of discussions, Scott shares a high level view of the state of the market, current challenges, and how technology is helping people in the middle office manage the mountains of data that underly the broadly syndicated and private debt markets.Have any feedback for us? Send us a note at podcast@9fin.com.

Altice France's restructuring negotiations has been one of the hottest talks of the distress town since last year. With the company now preparing to enter into accelerated safeguard proceedings, we went through what happened so far in our inaugural episode of Distressed Diaries — a brand new 9fin podcast series focused on distressed debt in Europe.Senior distressed reporter Bianca Boorer, host of the series, travelled to Paris to meet with key advisors involved in the negotiations. She sits down with Saam Golshani, partner at White & Case who acted for Altice France and its shareholders, Jean-Pierre Farges, restructuring partner and head of Gibson Dunn's restructuring practice in Europe who represented the ad hoc group of secured creditors, and restructuring partners Lionel Spizzichino and Batiste Saint-Guily from Wilkie who represented a group of predominantly unsecured creditors.In the podcast, we take a look at Altice France's journey from March 2024 with the earnings call in March 2024 where management caused panic in the market announcing its intention to do discounted transactions to bring leverage down, to creditors forming the first co-op of this size in Europe and finally coming to an agreement in February this year.We also discuss what the deal means for the restructuring market — will LMEs continue to crop up in Europe or will directors duties put people off risking putting the company at risk? Tune in to find out.Have any feedback for us? Send us a note at podcast@9fin.com.

US tariff policy has unleashed economic uncertainty both domestically and elsewhere. Even after a de-escalation of the worst trade tensions with China, things are still unclear.In this episode of Cloud 9fin, distressed debt reporter Max Reyes sits down with Canyon Partners opportunistic credit co-heads Chaney Sheffield and Jonathan Barzideh to better understand what unique investments can be made in the current economy and how they're making sense of the chaos.Have any feedback for us? Send us a note at podcast@9fin.com.

Here at 9fin, we pride ourselves on being private credit enthusiasts. And that means covering all parts of the market, big or small. This includes all the nascent and niche areas like venture debt and tech lending.In this episode of Cloud 9fin, senior private credit reporter Peter Benson sits down with Ron Daniel, co-founder and CEO of Liquidity Group, a direct lender focused on tech lending. The conversation ranges from the concepts of venture debt and tech lending and how they are structured, to how the current macro environment is affecting the niche are and what the future looks like.Have any feedback for us? Send us an email at podcast@9fin.com.

Generally speaking, lenders don't lend money to companies with the intention of ending up as equity owners. But things don't always go to plan. And anyone who's been there can tell you that the hard truth for certain companies is that no plan could have ever saved it — or as Jon Weber would say: “If the baby's ugly, the baby's ugly.”In this week's episode of Cloud 9fin, senior private credit reporter Shubham Saharan sits down with Jon Weber and Gisele Everett of restructuring advisory Jon F Weber & Co, to talk about some of the hard truths they confront in their work. Among them, is how to avoid “tissue rejection,” to borrow a term from the medical field, which can occur when integrating new owners into an existing company.They also discuss a recent article that Jon and Gisele co-authored in the Journal of Corporate Renewal.Have any feedback for us? Send us a note at podcast@9fin.com.

A seemingly endless cycle of tariff pronouncements and delays has been sending stocks and liquid debt markets on a roller coaster ride in recent weeks.But what does ever-changing US tariff policy and associated market volatility mean for private credit firms? How do direct lenders keep protect themselves from the fallout and what are the key points in credit agreements these days? Join 9fin's senior private credit reporter, Shubham Saharan, and Mayer Brown's head of NY private credit, Sheel Patel, in exploring those themes.Have any feedback for us? Send us a note at podcast@9fin.com.

In this episode of Cloud 9fin, Tanvi Gupta, global head of CLOs at 9fin, talks with Carlyle's Lauren Basmadjian, global head of liquid credit, and Matt Maxwell, head of US loans, to discuss how CLO managers are positioning themselves in the current tariff induced volatility.They talk about taking advantage of the dislocation in the market, sector specific tariff risk, opportunities for a pull to par trade, how to pick the right assets with the current backdrop of LME risk and how these pockets of volatility could be another positive data point for CLOs.

In this episode of Jane's LME Addiction, our head of LME coverage Jane Komsky brings in founder and board member of Creditor Rights Coalition, Dan Kamensky, to discuss treatment for similarly situated creditors within liability management exercises. They discuss when disparity in treatment becomes an issue, lender tools to fight back, and where advocacy is most needed.Find all our coverage on creditor organization at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!

On why some lower middle market lending specialists like to stay investing in companies with a sub-$50m EBITDA, they like to joke that it is because they like covenants.With some larger private credit managers jostling for deals at the upper end of the middle market, a larger number are sticking to their knitting in focusing on financing those smaller companies. It's private credit's historical sweet spot and is a space immune to some of the more borrower-friendly trends seen in competitive situations with the syndicated market.In this episode, a senior reporter in 9fin's US private credit team, Peter Benson, sat down with Bill Sacher, partner and head of private credit at Adams Street, to discuss what is happening in the core middle market. Is deal flow will be coming back? Will ETFs will take hold?Want to share feedback on this episode? Send us a note at podcast@9fin.com.

Was Ardagh's carve-out of its metal packaging business in 2021 an early example of a European LME before LMEs went global? Call it what you will, the troubled packaging conglomerate is getting a taste of both the potential upside and the backlash caused by these controversial financial maneuvers.In this episode, 9fin's global head of restructuring, Max Frumes, sat down with European senior distressed credit analyst Emmet McNally to discuss some of the events that led us here. Events so far have culminated in the company cleansing creditors party to restructuring negotiations that failed to reach common ground.Unsecured creditors Arini and Canyon have sued the company for alleged value extraction and fraudulent conveyance dating back to the metal carve-out. Emmet and Max talk us through the headline terms of the proposals put forward by the company and the unsecured bondholder group, and discuss how bid-ask spreads between the two proposals could be narrowed to reach a mutually agreeable deal.Want to share feedback on this episode? Send us a note at podcast@9fin.com.

Corporate loan write-offs are justified as necessary to improve banks' financial situation and to stimulate economic activity. However, they increase the fiscal deficit and government debt, reducing the money available for social welfare and development programmes. The burden is borne by taxpayers and we now also have to make do with fewer public services. Large loan waivers also distort the market by handing corporate houses an unfair advantage – they not only access cheap credit, but avoid accountability. Smaller businesses, meanwhile, get no such relaxations and have to pay higher interest rates to make up for the loss caused by the write-offs. It's a process that reeks of corruption and has no moral root. Please listen to the latest episode of All Indians Matter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nhlanhla Sehume speaks to Nastascha Harduth, Head of the Corporate Debt, Turnaround & Restructuring Sector at Cliffe Dekker HofmeyrSee omnystudio.com/listener for privacy information.

What happens when CEOs are shielded by employment and severance agreements? Researchers from Singapore Management University, University of Hong Kong, Boston College, and led by Dr. Xia Chen put forward this critical question.   The study investigates how CEO contractual protection impacts corporate debt contracting. With insights from a comprehensive analysis of loans from major publicly traded companies, the team explore how these protections can influence CEO behavior, risk-taking, and the financial terms imposed by debt holders. Read the original research: https://doi.org/10.1111/jbfa.12664

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news of an expansion and the inevitable retaliations in the Israel/Gaza/Lebanon/Yemen flashpoints are now having an impact on global oil prices. It is also casting a pall over global sentiment as fears mounts for an even wider conflict. The shift toward safe-haven currencies has hurt the NZD.But first, the overnight dairy auction brought a +1.2% rise in USD terms, on the back of a +3.0% rise in WMP. There were good (+3.8%) gains for cheddar cheese as well. But most other products fell. In NZD terms, overall prices slipped -0.3%. Volumes sold were good. But this full auction broadly reflected last week's Pulse event for SMP and WMP.In the US, their retail impulse bounced back last week to be +5.3% higher than the same week a year ago.The September ISM factory PMI is still contracting slightly, little-changed from August. The dockworker strike isn't helping sentiment by American manufacturers. The S&P Global/Markit PMI for the US was more negative. Both report lower new order levels.But the Logistics Managers Index (LMI) jumped to its highest growth rate in the logistics sector in two years. They see rising demand for these services, but the transportation component was unchanged.Job openings rose in August from the July lower levels, but even though that rise was more than expected they are still in an easing trend, one that started in early 2022. Their quit rate fell.Yesterday we reported a soft factory report for the Texas manufacturing sector and its oil patch in September. Today we can note that the region's service sector was expanding, and by a bit more than expected.And we should note that Fed boss Powell yesterday emphasised that the recent 50 bps rate cut was probably just a one-off and that future changes will be "a more neutral stance" after that 'recalibration'.China is now on holiday, and will be for the next week.Eurozone inflation fell quite quickly in September, to just 1.8%, its lowest level since April 2021. Mostly this was driven by sharply lower energy costs.In Australia, retail sales rose in August more than expected to be +3.1% higher than a year ago - which is their best result for more than a year. But it is not that great because inflation is running at 2.7% there. But at least is is better than inflation finally. Sanguine weather conditions is getting the credit for this improvementMarket confidence in new home building in Australia has improved in recent months, as investors and owner occupiers return to the market. And that is now showing up in residential building consent data, which was +3.6% above year-ago levels.But CoreLogic says their housing market lost momentum in September, with insignificant overall changes in prices. Even Perth's monthly change was less than 2%, and that had been the epicenter of frothy housing prices.Globally, the market for corporate bond debt rose sharply in September. Bloomberg is reporting that more than 1200 issuers sold more than US$600 bln of bonds in the month, the most since these records began 20 years ago. The rush seems to have been driven by lower interest rates and rising uncertainty including of the US presidential election.The UST 10yr yield is now at just on 3.75% and down -3 bps from yesterday.The price of gold will start today at US$2670/oz and up +US$32 from yesterday, a new high.Oil prices are up +US$2.50 at just over US$71/bbl in the US while the international Brent price is still just over US$74.50/bbl. The crazy Middle-East situation is now affecting this commodity.And there have been moves higher for the price of many commodities, especially coal and steel. Zinc and nickel too. Some key food prices are turning up as well.The Kiwi dollar starts today at 62.8 USc and down almost -1c from this time yesterday. Against the Aussie we are -40 bps lower at 91.4 AUc. Against the euro we have fallen -30 bps to 56.8 euro cents. That all means our TWI-5 starts today at just over 70.2, and down -70 bps from yesterday.The bitcoin price starts today at US$62,020 and down another -2.3% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Anat Admati is a professor of finance and economics at Stanford University and is the coauthor of the 2013 book, *The Bankers' New Clothes: What's Wrong With Banking and What to Do About It.* Anat is also a returning guest to Macro Musings and she rejoins the podcast to talk about the 2024 expanded edition of the same book, as well as the most recent developments in banking. David and Anat also discuss the effectiveness of post-financial crisis regulations, the design and impact of Basel III Endgame, the fallout from the most recent regional banking crisis, and a lot more.   Transcript for this week's episode.   Anat's Twitter: @anatadmati Anat's Stanford profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *The Bankers' New Clothes: What's Wrong With Banking and What to Do About It – New and Expanded Edition* by Anat Admati and Martin Hellwig   *The Parade of Bankers' New Clothes Continues: 34 Flawed Claims Debunked* by Anat Admati and Martin Hellwig   *Anat Admati on Debt, Equity, and Financial Instability* by Macro Musings   *Anat Admati on the Perils of Corporate Debt and How COVID-19 Relief Efforts Have Gone Wrong* by Macro Musings   *Why the Innocent Plead Guilty and the Guilty Go Free: And Other Paradoxes of Our Broken Legal System* by Jed Rakoff

DoubleLine's 2024 Round Table Prime was hosted in front of a live audience for the first time. After panelists presented their best ideas for 2024, the audience Q&A sparked candid debate ranging from commercial real estate, geopolitics, elections, corporate debt and budget negotiations. (00:06) Bank Term Funding Program (02:01) What Upsets the Applecart? (03:49) Bank Excess Reserves (06:00) Corporate Debt

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with good economic news that just keeps coming even as fears don't abate.First, for those returning to work, welcome back. For those still on holiday, lucky you.This coming week we will get some grunty American data along with the meat of their earnings reports for December results. (Tesla's will be particularly interesting.) They will report their first estimate for Q4-2023 GDP, December PCE, and personal income & spending data, as well as durable goods order data. Outside the US, Japan has a rate decision, as does the ECB, Canada, Norway, Turkey and Malaysia. We will get PMIs from Australia and their NAB Business Sentiment update for December.Over the weekend, data from China showed investors are still withdrawing funds from the country on a net basis. Foreign direct investment into the Middle Kingdom fell by -8% in 2023. But although the transparency on this data is limited, there is a suggestion that there was a small improvement in the month of December from a year ago.But that may be a data mirage. Bloomberg is reporting that things are getting grimmer in Chinese equity markets. Tokyo has overtaken Shanghai as Asia's biggest equity market, while India's valuation premium over China has hit a record. The meltdown in Chinese share values is wreaking havoc on the nation's asset management industry, pushing mutual fund closures to a five-year high. But you won't find any of this in Hong Kong or other Chinese analysis.Japan's December CPI inflation rate came in at 2.6%, down from 2.8% in November. And their core rate was at 2.3%, down from 2.5% in November. That is the 21st consecutive month it has been above the Bank of Japan's 2% target. But with this slippage, the central bank will likely remain very cautious that Japanese inflation is really back. 2.3% is a 17 month low even if over all of 2023 inflation was at a 41 year high in Japan. To help ensure that inflation stays embedded, Japan's government is urging businesses to raise wages ahead of annual spring negotiations between employers and labour unions. The largest union is demanding a 5% rise.In the US, consumer sentiment as measured by the widely-watched University of Michigan survey surged in January, and inflationary expectations retreated. This was a combo that was not expected, or at least, not as decisively. Sentiment is now suddenly its highest in 2½ years. Year-ahead inflation expectations softened to 2.9% after plunging in December. That current reading is the lowest since December 2020. Few analysts saw such a sharp improvement in both measures coming although it is reflective of the steady progress in the American economy in other data, especially labour market data.But American existing home sales activity dropped by -1.0% in the December month from a month earlier to an annualised rate of under 3.8 million, reaching the lowest level since August 2010 and falling below the market's anticipated 3.82 million units. For all of 2023, they sold 4.1 mln, the lowest level in nearly 30 years.North of the border, Canadian retail sales jumped in December (but after a drop in November), the sharpest increase in 11 months.Across the Atlantic, German producer deflation got "worse" in December with producer prices falling a whopping -8.6% from the same month a year ago. On an annual average basis, industrial producer prices were -2.4 % lower in 2023 than in 2022. But the December result is not all bad because a lot is due to extreme base effects. And energy prices in December were down more than -23% from the same month in 2022. Basically it is a gift from Russia. Germany is surviving a cold winter with plenty of gas and low prices.Closer to home, in Australia the IMF released the results of its annual staff review. The IMF wants to see meaningful tax reform there, and doesn't like that the markets pricing interest rate cuts in 2024. They [rightly] point out that inflation and inflation expectations are still far too high. The IMF's call for tax reform in Australia is a long-standing position - but one Canberra ignores.The UST 10yr yield starts today at 4.13% and down -3 bps from this time Saturday. In a global market that has been rising since the start of 2023, investment grade corporates have just issued a record $150 bln in debt in January - so far. It's a head-turning pace. Corporate treasurers are voting with their deals, trying to stay away from the upcoming Trump uncertainties, and betting rates will rise sharply in the future. There is also pent-up rollover demand.The price of gold will start today up +US$4/oz from Saturday at just on US$2029/oz.Oil prices are little-changed at just on US$73.50/bbl in the US and the international Brent price is still just over US$78.50/bbl.The Kiwi dollar starts the week at 61.1 USc and little-changed from this time Saturday. But that caps an almost -2½c retreat since the start of the year, or a -3.8% devaluation. That is large and there could be inflation implications. Against the Aussie we are holding at 92.8 AUc. Against the euro we are also holding at 56.1 euro cents. That all means our TWI-5 starts today just under 70 and a -1.6% devaluation for 2024 so far on that basis.The bitcoin price starts this week a bit higher but still in its recent lower range. It is now at US$41,585 and up +2.6% from Saturday. Volatility over the past 24 hours however has been very low, +-/ 0.4%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Is it right that the growth opportunities of businesses are determined by the vagaries of the finance markets. Companies wanting to raise debt through bonds or bank loans face higher costs right now because of the rise in interest rates. Someone with a great idea could be held back because of the cost of borrowing. Whether its borrowing or issuance of equity businesses will find an increasing chunk of their earnings are being fed to the finance sector. Increasingly, a sector that minimises risks by only lending to companies supported by assets. Phil and Steve discuss whether there a role for the government to be more involved in developing a higher-risk, lower cost approach to loans. And when it comes to smaller businesses managing cash-flow could a more amenable tax office be part of the solution? Hosted on Acast. See acast.com/privacy for more information.

Many debt-issuing companies across emerging markets have positioned themselves well for the ‘higher-for-longer' rates environment. EM economies are also on solid footing, and profitable cross-country collaboration is making EM corporate debt an exciting place to be. Hosted on Acast. See acast.com/privacy for more information.

DEBT CAPITAL MARKETS – POST #INVESTMENT UPGRADE PROSPECTSGreek Sovereign & Corporate Debt25th Annual Capital Link Invest In #Greece ForumModerator:Mr. Dimitris Christopoulos, Managing Partner - D.C.Christopoulos Law Firm Panelists:· Ms. Anne van Riel, Head of Sustainable Finance Capital Markets Americas - BNP Paribas· Mr. Apostolos Gkoutzinis, Partner - Milbank LLP· Mr. Vassilis Kotsiras, Head of Capital Markets & Structured Finance Division – National Bank of Greece· Mr. Morven Jones, Managing Director; Head of EMEA Debt Capital Markets – Nomura· Mr. Dimitrios Tsakonas, Director General – Hellenic Public Debt Management Agency· Ms. Cleo Lymberis, Group Treasurer – PPC S.A.In cooperation with NYSE & the Athens Exchange GroupFor more information, please visit: https://lnkd.in/d4TUuYzt

MacroMavens founder Stephanie Pomboy joins host Ed Coyne to talk about The Fed, macroeconomics and what happen when all the corporate debt rolls over.This podcast is provided for information purposes only from sources believed to be reliable. However, Sprott does not warrant its completeness or accuracy. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments, or strategies. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of Sprott. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitute your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of Sprott.

In this podcast, Sarah Boyce, Associate Director of the Association of Corporate Treasurers, joins Oliver Henderson, Chelsea Fish, Nick Rutter and Emily Barry of Herbert Smith Freehills to discuss how the Corporate Debt landscape has evolved in 2023. They touch on lending options, the US private placement market and hedging, and look ahead to the launch of the 2024 Corporate Debt Report.

Protect your investments with And We Know http://andweknow.com/gold Or call 720-605-3900, Tell them “LT” sent you. ————————————————————— *Our AWK Website: https://www.andweknow.com/ *Our 24/7 NEWS SITE: https://thepatriotlight.com/ ————————————————— The Western World Is About To Deliver Some Very Bad News To Its Young Adults https://www.zerohedge.com/markets/western-world-about-deliver-some-very-bad-news-its-young-adults “There is no doubt we are starting another outbreak of COVID-19” – Dr. Peter McCullough. How to be Prepared. | ZeroHedge https://twitter.com/simon_simon666/status/1696779535629402197?s=20 ————————————————— *DONATIONS SITE: https://bit.ly/2Lgdrh5 *Mail your gift to: And We Know 30650 Rancho California Rd STE D406-123 (or D406-126) Temecula, CA 92591 ➜ AWK Shirts and gifts: https://shop.andweknow.com/ ➜ And We Know Challenge Coins & Patriot Pins https://andweknow.com/ThePatriotPin/ ➜ Audio Bible https://www.biblegateway.com/audio/mclean/kjv/1John.3.16 Connect with us in the following ways:

In our latest podcast, we discussed Fed policy, corporate bonds, and our #fixedincome market outlook with Douglas Gimple. Listen as we break down market dynamics, risks and areas of opportunity. (27 min podcast) Bonds rated AAA, AA, A and BBB are considered investment grade. Bloomberg US Corporate Index measures the performance of the US investment grade fixed-rate taxable corporate bond market. ICE BofA CMBS Fixed Rate AAA 7-10 Year Index measures the performance of US dollar denominated AAA-rated commercial mortgage-backed securities with a remaining term to maturity of greater than or equal to 7 years and less than 10 years in the US domestic market. ICE BofA CMBS Fixed Rate BBB 7-10 Year Index measures the performance of US dollar denominated BBB-rated commercial mortgage-backed securities with a remaining term to maturity of greater than or equal to 7 years and less than 10 years in the US domestic market. ICE BofA Single-A US Corporate Index measures the performance of US dollar denominated A-rated corporate debt publicly issued in the US domestic market. The views expressed are those of Diamond Hill as of September 2023 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Welcome to Safe Dividend Investing's Podcast # 129 on August 17th of 2023.  Today, I will be answering 3 interesting investment questions.QUESTION (1)   Can you make money investing in penny stocks?QUESTION (2)   What questions should I ask a financial advisor before giving them control of my assets? QUESTION (3)  Why does your stock scoring software not include corporate debt in its evaluation?A transcript of this Podcast is available.      FIVE INVESTMENT  BOOKS BY IAN DUNCAN MACDONALD(ALL BOOKS ARE AVAILABLE FROM AMAZON.COM  KINDLE BOOKS)(1) NEW YORK STOCK EXCHANGE'S  106 BEST HIGH DIVIDEND STOCKSIn this 334-page book there is a 2-page report for each company scoring 11 data elements. It also lists 23 years of historical share price and dividend payouts so that investors can judge the stock's reliability. (2) AMERICA HIGH DIVIDEND HAND BOOK                                              & (3) CANADIAN HIGH DIVIDEND HANDBOOK in these two books, pages of charts are sorted four ways by stock score, share price, dividend yield percent and alphabetically. A page for each stock provides eleven facts which created each stock's total score. Both books list all common stocks that were paying dividend yield percentages of 3.5% or more on the New York Exchanges and the Toronto Stock Exchange. (4) SAFER BETTER DIVIDEND INVESTING:All 628 stocks paying dividends of 6% or more on the NYSE and the NASDAQ,  are scored and sorted by score, price, dividend % and alpha. Plus 199 high dividend Canadian stocks.  The answers to 128 questions asked by investors are provided. This instructional reference book will make building a better investment portfolio faster and easier.(5) INCOME AND WEALTH FROM SELF-DIRECTED INVESTINGIn this, his first investment book, in easy to understand language, Ian MacDonald reveals the serious concerns you should have about entrusting your money to investment advisors.  Step-by-step he shows you how you can realize an annual 6% income while your portfolio continues to grow year-after-year. 654 stocks paying dividend yields over 3.5% or more on the Toronto Stock Exchange are scored and listed.FOR MORE INFORMATION ON THESE 5 BOOKS, HIS 3 NOVELS, AND 2,300 PAINTINGS, PHOTOGRAPHS  AND DIGITAL ART VISIT:                           www.saferbetterdividendinvesting.com Ian Duncan MacDonaldAuthor, Artist, Commercial Risk Consultant,President of Informus Inc 2 Vista Humber Drive Toronto, Ontario Canada, M9P 3R7 Toronto Telephone - 416-245-4994 New York Telephone - 929-800-2397 imacd@informus.ca

A key difference between 2008 and now is that that this time around, the liabilities are not with private owners - they're with corporate America - the same people paying for those empty office tower across the country. As the American economy refuses to buckle under the weight of ever higher interest rates, corporate America is finding itself in a very uncomfortable situation, and it's only getting worse… Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast. Hosted on Acast. See acast.com/privacy for more information.

 In the ninth episode of Season 11 of the Propcast, host Louisa Dickins is joined by Mateo Zimmermann, Investment Manager at CEMEX Ventures,  Chris Bone, Co-Founder & CEO at Modulous and Tim Davies, CEO at HiiROC Ltd. Episode Highlights: • The work that each of the businesses do and how they collaborate • The work HiiROC are doing to try and make hydrogen more affordable • The main issues currently facing the construction industry and the work being undertaken to try and find solutions  • How these issues can impair innovation and make the industry quite risk averse • The work Modulous are doing on ESG  • The challenge with bringing new talent into the industry who can help drive innovation and technology adoption Why it can take longer to see the rollout of new technologies within the space The different speed of innovation adoption across the industry and the frustrations this can cause • The investments CEMEX are making in companies working on green construction • The issues with supply/ delivery of materials and the work CEMEX are doing to try and resolve this • The future they all see for construction Resources: • LMRE Global Recruitment and Search Consultancy• LMRE YouTube Interviews• PropTech Salary Report, LMRE 2022• Leaplab | CEMEX Ventures• Construction Startup Competition • McKinsey• Modulous• Synhelion• PartRunner – Home Key Takeaways: • CEMEX have been amazing for us through this process because they're thought leaders in their space. They have great views on how the industry can be changed and that's something that we're very keen to help facilitate. Our vision is to help solve the housing crisis while protecting the planet. - Chris • We are rolling out the production of hydrogen, but we're working with partners like CEMEX to say how do we use it in the right setting? So how do you use it to produce cement? How do you use it to produce steel or for transport? - Tim • We can only tackle the challenges our industry are facing, and I want to emphasise on that,  if we industry players collaborate to build a better future. - Mateo • We're continually looking at both the physical product and the carbon content of that product. And until you understand the carbon content, it's very difficult to drive change, to improve that, or to be able to track it and understand exactly what level of carbon is, in our instance being put in our buildings. - Chris • It's a very tight margin business. Therefore, when you look at cement or steel and the like to suddenly introduce a much higher energy cost because you're using hydrogen, not natural gas or whatever else is nigh on impossible. So we as technology providers have to provide the solution that makes it affordable. - Tim • I think the paces are also a little bit different. There's obviously a lot of innovations in terms of materials that are happening, but not necessarily there is an adoption on the job site right on construction. - Mateo • It's very inefficient and obviously materials are a large part of the construction budget. So from 40 to 60% depending on the country and it's highly inefficient. It's actually one of the biggest  reasons for delays in construction. - Mateo About Our Guests: Mateo Zimmermann Mateo Zimmermann is Investment Manager at CEMEX Ventures, responsible for the Corporate Venture Capital Investments in startups in the Construction technology space. Before joining CEMEX Ventures, Mateo worked at The Boston Consulting Group (BCG) from 2013 to 2017 as a Management Consultant, where he promoted to Project Leader. He previously worked at StepOne as an Advisor for startups and corporates in their Digital Strategies. Before that he worked as an Investment Analyst in Private Equity and Corporate Debt at the Asset Management division of Arcano. He also worked for UBS and Electrolux Group. Mateo has a double degree in Engineering and Management. He graduated as MSc in Industrial Engineering and Management at Technische Universität Berlin (Germany) and obtained a Master in Management at ESCP Europe (Paris, France). He was born in Madrid (Spain) and has both the Spanish and German citizenship. CEMEX Ventures The global economy has endured a tough 2022. With decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under control. Yet despite poor projections and an overall decline in VC funding, 2023 represents an optimistic year for startups in the ConTech sector. Predictions point to trailblazing new technologies and business models entering the industry to improve sustainability and reduce the global carbon footprint. That's why CEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, goes beyond simply investing. Since 2017, CEMEX Ventures develops relationships between entrepreneurs, investors, CEMEX, and other corporations in order to revolutionize the construction industry as we know it today. Chris Bone Chris is CEO and co-founder of Modulous, the construction technology company that was formed to address the global housing crisis while reducing the climate impact of real estate development. Chris has 25 years' experience in the construction industry, having managed businesses across consulting, manufacturing, and construction. At Modulous he is responsible for all aspects of the company's growth and development in the UK, Europe, and the USA. Modulous Modulous was founded in 2018 by a team of construction, technology, and manufacturing specialists to create an asset-light model for the design and delivery of sustainable homes. Its integrated digital and physical product suite is designed to make the whole construction cycle - from feasibility right through to delivery on site - more efficient and effective. Its software platform generates optimised schemes based on a Kit of Parts, which is manufactured within the supply chain, removing the need for dedicated factories. The Kit of Parts is a standardised set of assemblies providing a high-performance net-zero modular housing system, delivered in half the time of traditional housebuilding, with 70% less waste and 60% lower embodied carbon. Modulous has offices in London and Seattle and is the first globally scalable technology solution to address both the worldwide housing crisis and escalating climate emergency. Tim Davies Tim has held Chief Executive & Board roles across a variety of sectors including green-tech, retail & service-providers working with both corporates and start-ups. He has a proven track record of identifying and delivering new business opportunities and considerable value creation including 20 years' experience working for PE & VC-backed businesses. Now, as CEO of HiiROC, Tim and his team have developed a technology with a potentially transformational impact on Climate Change.  HiiROC A transformational new technology for affordable, clean hydrogen production using world leading proprietary plasma technology. HiiROC's Thermal Plasma Electrolysis (TPE) uses renewable (or grid) electricity to split hydrocarbons (biomethane, flare gas, natural gas, propane, etc) into zero-emission Hydrogen and inert solid Carbon Black (i.e. without producing CO2). TPE works at a fraction of the cost of Water Electrolysis, without the CO2 emissions of Steam Methane Reforming and is scalable from micro onsite (saving transport & storage costs) to industrial scale. The highly versatile technology is being piloted globally in 2023 across the hydrogen sectors from industrial decarbonisation to transport to grid blending and power management whilst also being used for flare gas mitigation and CO2 reduction using biomethane. About Our Host Louisa Dickins Louisa is the co-founder of LMRE, which has rapidly become the market leading global PropTech recruitment platform and search consultancy with operations across North America, United Kingdom, Europe and Asia-Pacific. To promote the industry she is so passionate about, Louisa set up the Global podcast ‘The Propcast' where she hosts and invites guests from the built environment space to join her in conversation about innovation. About LMRE LMRE is globally recognised for leading the way in Real Estate Tech & Innovation talent management. From the outset our vision was to become a global provider of the very best strategic talent to the most innovative organisations in PropTech, ConTech, Smart Buildings, ESG, Sustainability and Strategic Consulting. At LMRE we are fully committed at all times to exceed the expectations of our candidates and clients by providing the very best advice and by unlocking exclusive opportunities across our global network in the UK, Europe, North America and Asia-Pacific. Sponsors Launch Your Own Podcast A Podcast Company is the leading podcast production and strategic content company for brands, organisations, institutions, individuals, and entrepreneurs. Our team sets you up with the right strategy, equipment, training, guidance and content to ensure you sound amazing while speaking to your niche audience and networking with your perfect clients. Get in touch hello@apodcastcompany.com

The debt crisis could manifest at any moment https://www.marketwatch.com/story/los... https://therealdeal.com/2022/03/22/ra... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Welcome to another edition of the InsuranceAUM.com Podcast. My name is Stewart Foley, I'm your host, and today's topic is Emerging Market Corporate Debt with Vic Harling, the Head of Emerging Market Corporate Debt at Ninety One.

Hey Guys! Continuing our theme of interviewing anonymous accounts, this week's guest is @Mr_Neutral_Man. Our conversation focus on Real Estate investing in the Public Markets. He shared with us what are his dream investments, crazy stories about doing on the ground research, what was like to live and invest during the GFC, what is his hedging protocol, why inflation will be more persistent and why we might never see mortgage rates sub 3%. Check out the time stamp below: [0:00] Mr. Neutral Investment Thesis. [8:00] Housing for the Retail Investor. [13:00] Mortgage Rates: The Three Cap. [19:00] Doing on the Ground Research. [30:00] Living and Investing through the GFC. [47:00] The Fixed Income Collapse [58:00] Investing in Corporate Debt [1:10:00] Mr. Neutral's hedging protocol. [1:37:00] Inflation will be more persistent. [1:46:00] More from Mr. Neutral and Closing Questions Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://anchor.fm/valuehive/support

-- A good broker for ETFs? -- A vote for patriotism -- What should we do with forecasts of doom? -- Time to pay attention to currency? -- An appropriate international ETF and benchmark? -- Is debt a four-letter word for ASX companies?See omnystudio.com/listener for privacy information.

Following the publication of our 8th consecutive annual Corporate Debt Report with the Association of Corporate Treasurers, Stacey Pang, Senior Associate and Minolee Shah, Professional Support Consultant talk to Emily Barry, Professional Support Consultant about some of the themes relating to sustainable finance that came out of that report, and where the ESG finance market might go next. 

Dollar shortage in a world of high inflation. Emerging markets struggle to find the dollars they need to survive. Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis https://www.bloomberg.com/news/featur... Russia Faces New Urgency to Dodge Default, Avoid Wall Street https://www.bloomberg.com/news/articl... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

Picture this...Downtown Chicago...December 2019 B.C. (Before COVID)...The RCM crew is venturing out to a small studio ready to record the first episode of The Derivative, with no video or clue what we were doing! Who would have thought we would be crossing the 100th episode mark just two short years later!? And, we couldn't celebrate this special milestone without a one-of-kind guest. Chris Cole, founder and CIO of Artemis Capital Management, is taking it up 100%, as he tells us about his very own journey within the industry. From his days of convincing people that they need some long vol – to too many people trying to own long vol and bidding up the cost of that protection — and everything else in between. But the fun doesn't stop there! We're talking Chris's unique research pieces over the years, digging into his pet dragon (portfolio), George Lucas Star Wars as a long vol metaphor, and his could have been should have been Pulitzer material paper on Dennis Rodman — because who doesn't love the '90s Bulls?! Plus, we're bringing back a favorite fan closer from seasons 1 and 2. Stay tuned, sit back, and enjoy the show! Chapters: 00:00-02:05 = Intro 02:06-16:38 = The Wide World of Vol, Sticky Strike Regime & Inflation 16:39-45:12 = Unholy Trinity of Risk, Hyper-active Central Banks & Power Law Distributions 45:13-01:08:21 = The 100 yr Dragon Portfolio, Corporate Debt & Gold vs Crypto 01:08:22-01:22:51 = George Lucas' Optionality & Long Vol Rodman 01:22:52-01:31:43 = Hottest Take: Debt Crisis From the episode: WHAT WOULD YOU PUT IN A 100-YEAR PORTFOLIO? Follow along with Chris on Twitter @vol_christopher and visit artemiscm.com for more information on Chris and Artemis Capital Management. Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

Lana Deharveng and Deryk Meherik of our Structured Finance group join host Aaron Johnson to discuss the impact of US collateralized loan obligations finding new domiciles, both those backed by corporate debt and those backed by commercial real estate debt.Related content on Moodys.com (some content only available to registered users or subscribers): CLOs and CRE CLOs – US - SPV shift from Cayman Islands after EU adds it to AML blacklist will be credit neutralCross-Sector - Corporate CLOs, Conduit CMBS and CRE CLOs Share Exposure to Corporates, but Differ in Collateral and Structure

Low-interest rate environment has forced pension funds and money managers into ever riskier assets. The corporate debt market is teetering on the brink of disaster and the pension funds that are invested in it will feel the pain. https://www.barrons.com/articles/the-... uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria, OR 97103 Instagram uneducated.economist Patreon https://www.patreon.com/UneducatedEco... Want to buy me a coffee? https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=211351... --- Support this podcast: https://anchor.fm/youguysletmeknow/support

December 07 2021: Victoria Harling, Head of Emerging Market Corporate Debt, outlines the key drivers of EM corporate debt markets in 2022 and discusses where she sees the most compelling opportunities in the aftermath of significant volatility. See acast.com/privacy for privacy and opt-out information.

ESG and sustainability is the key corporate treasury trend and that has developed a self-perpetuating momentum, as was shown in the Herbert Smith Freehills Corporate Debt and Treasury Report 2021.  In this podcast we discuss the development of sustainability-linked and green loans and bonds in corporate debt.Speakers: Kristen Roberts, Amy Geddes and chaired by Emily Barry.

The Fed is talking about tapering. But with the selling of corporate debt it seems The unwinding has already begun.  Support the show (https://www.patreon.com/UneducatedEconomist) --- Support this podcast: https://anchor.fm/youguysletmeknow/support

#FederalReserve To Start Purchasing #CorporateDebt As the market turmoil from the coronavirus rages on, the Federal Reserve's latest plan is to start purchasing corporate debt. A scary precedent from a #monetary standpoint, and the latest move by the Fed, who's been printing an awfully large amount of #money in just the past week alone. To find out what's happening, click to watch the video now! - Video recorded by #ChrisMarcus of #ArcadiaEconomics on March 17, 2020: https://arcadiaeconomics.com/ - Click here to subscribe to Arcadia's Youtube channel: http://bit.ly/2t1HKOj - To pre-order Chris' upcoming book “#TheBigSilverShort” go to: https://arcadiaeconomics.com/the-big-silver-short/ - To contact Chris Marcus go to: https://arcadiaeconomics.com/getting-help/ - Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - Arcadia's Facebook page https://www.facebook.com/ArcadiaEconomics/Subscribe to Arcadia Economics on Soundwise

Alex Mexicotte '16 | Start-Ups by Beyond the BubbleSee omnystudio.com/listener for privacy information.