Principal Amount – Flight 93 http://flight93.org/ Thu, 23 Sep 2021 00:01:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://flight93.org/wp-content/uploads/2021/07/icon-5-150x150.png Principal Amount – Flight 93 http://flight93.org/ 32 32 Tegna Confirms Acquisition Offers | Business Virginia http://flight93.org/tegna-confirms-acquisition-offers-business-virginia/ Wed, 22 Sep 2021 23:54:54 +0000 http://flight93.org/tegna-confirms-acquisition-offers-business-virginia/ Media reports: Apollo Global Management, mogul Byron Allen offering $ 8 billion + Posted September 22, 2021 through Robyn sidersky Tysons-based broadcast and digital media company Tegna Inc. has received more than $ 8 billion in takeover bids from Apollo Global Management Inc. and media mogul Byron Allen, according to the media. The news comes […]]]>

Media reports: Apollo Global Management, mogul Byron Allen offering $ 8 billion +

Posted

September 22, 2021




through

Robyn sidersky


Tysons-based broadcast and digital media company Tegna Inc. has received more than $ 8 billion in takeover bids from Apollo Global Management Inc. and media mogul Byron Allen, according to the media. The news comes more than a year after previous purchase proposals failed in March 2020 on the cusp of the coronavirus pandemic.

Bloomberg reported Allen, owner of The Weather Channel and CEO of Los Angeles-based Allen Media Group, has partnered with Ares Management Corp. to offer Tegna $ 23 per share. New York-based private equity firm Apollo Global and New York-based hedge fund Standard General, one of Tegna’s largest shareholders, have made a cash offer of $ 22 per share.

Tegna owns 64 TV stations in 51 US markets and reaches about 39% of all TV homes nationwide. It was formed in 2015 as a publicly traded company after McLean-based Gannett Co. Inc., the country’s largest newspaper publisher, separated its broadcast and digital media divisions.

“In accordance with its fiduciary duty to Tegna shareholders, the board of directors will carefully review and assess these proposals,” Tegna said in a statement posted on its website Tuesday. Tegna did not specify which companies have made takeover bids or the proposed financial terms.

In September 2020, Tegna Inc. announced that it had raised $ 550 million in debt financing, which would be used to pay off outstanding debt. The company said it would use the net proceeds to repay the full total principal amount of $ 350 million of its 4.875% senior bonds due 2021 and $ 188 million of the total principal amount of its bonds. 5.5% senior bonds due 2024. Tegna also plans to use the funding for the redemption premium on its 5.5% senior bonds due 2024, according to a company statement. Earlier this month, however, Tegna announced that its $ 300 million share buyback program is expected to be completed by the end of 2022, a year ahead of schedule.

In March 2020, the Fortune 1000 company announced that two offers to acquire the company had failed. Tegna had received four unsolicited takeover bids, three of which are said to be worth around $ 8.5 billion each. The offers included a joint proposal from investment firm The Najafi Cos. and the religious broadcaster Trinity Broadcasting Network; and an offer from Allen. Other bidders included private equity firm Apollo Global Management Inc. and Gray Television Inc.

Tegna earned $ 2.9 billion in 2020. The company was embroiled in a proxy battle earlier this year with Standard General LP, which argued that Tegna had not seriously considered buying the bids from it. last year.


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Carson City Legal – 17137 http://flight93.org/carson-city-legal-17137/ Wed, 22 Sep 2021 06:57:18 +0000 http://flight93.org/carson-city-legal-17137/ APN TRUSTEE NOTICE OF SALE: 008-801-08 TS No .: 127-019205N YOU ARE IN DEFAULT UNDER AN DEED OF TRUST DATED 12/16/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD IN A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU MUST CONTACT A LAWYER. […]]]>

APN TRUSTEE NOTICE OF SALE: 008-801-08 TS No .: 127-019205N YOU ARE IN DEFAULT UNDER AN DEED OF TRUST DATED 12/16/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD IN A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU MUST CONTACT A LAWYER. A public auction to the highest bidder for lawful United States money, payable at the time of sale in cash, a cashier’s check drawn on a state or national bank, a cashier’s check drawn by a cooperative state or federal credit, or a cashier’s check drawn by a state or federal savings and credit association, or a savings association or savings bank specified in Article 5102 of the Financial Code and authorized to do business in such State shall be held by the Trustee duly appointed as set forth below, of all right, title, and interest transferred and now held by the Trustee in the property described below under and in accordance with a trust deed described below. The sale will be made, but without any commitment or warranty, express or implied, as to title, possession or charges, to pay the remaining principal amount of the note (s) secured by the trust deed, with interest and late fees, as provided in the note (s), advance, under the terms of the trust deed, interest thereon, fees, charges and expenses of the trustee for the full amount (at the time of the initial publication of the notice reasonably estimated below. The amount may be higher on the day of the sale. TRUSTOR: JAMES L. SAYRE A MARRIED MAN Duly appointed Trustee: PLM LENDER SERVICES, INC. follows: Date of sale: 10/14/2021 at 2:00 p.m. Place of sale: At the foot of the public safety complex, 885 East Musser, Carson City, NV 89701 Estimated amount of the sale: $ 267,087.45 Mailing or other address common property designation: 1907 GREGG STREET CARSON CITY, NV 89701 APN: 008-801-08 Legal Description: Lot 108 as shown on the brush unit 1 map as filed with the Carson Registrar’s office City, Nevada, December 8, 1978, in Book 3 of Maps, Page 702, File No. 84175. The undersigned Trustee accepts no responsibility for any inaccuracy in the mailing address or any other common designation, as the case may be. appropriate, indicated above. If no mailing address or other common designation is provided, directions to the location of the property may be obtained by sending a written request to the beneficiary within 10 days of the date of first publication of this Notice of Sale. The beneficiary under the said trust deed has heretofore signed and delivered to the undersigned a written declaration of default and a request to sell, together with a written notice of default and choice to sell. The undersigned has registered the said notice of default and choice to sell in the county where the property is located and more than three months have passed since that registration. This property is sold as is. The lender is unable to validate the condition, defects or disclosure issues of said property and the buyer waives the disclosure requirements under NRS 113.130 by purchasing the property on such sale and signing. the exclusive recourse will be the reimbursement of the sums paid to the trustee, and the successful bidder will have no other recourse FOR THE TRUSTEE’S SALES INFORMATION, PLEASE CALL (916) 939-0772, OR VISIT THE WEBSITE: http: // www. nationwideposting.com/ Date: 09/13/2021 PLM LENDER SERVICES, INC., as Trustee Phone: 408-370-4030 5446 Thornwood Drive, Second Floor San Jose, CA 95123 Linda Kidder-Adleson, Vice President PLM LENDER SERVICES, INC IS A DEBT COLLECTOR ATTEMPTING TO COLLECT DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THIS PURPOSE

NPP0396008

TO: CALL FROM NEVADA

Publication: 09/22/2021, 09/29/2021, 10/06/2021

Listing # 17137


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BASIC and Bank Asia reach out to relaunch Emerald Oil http://flight93.org/basic-and-bank-asia-reach-out-to-relaunch-emerald-oil/ Tue, 21 Sep 2021 16:05:00 +0000 http://flight93.org/basic-and-bank-asia-reach-out-to-relaunch-emerald-oil/ BASIC Bank and Bank Asia have volunteered to revive Emerald Oil Industries – the producer of the nearly forgotten Spondon rice bran oil – by waiving interest on the loan. The company owes Tk 61 crore to BASIC and Tk 20 crore to Bank Asia in principal. Including interest, the loan amount exceeded Tk 100 […]]]>

BASIC Bank and Bank Asia have volunteered to revive Emerald Oil Industries – the producer of the nearly forgotten Spondon rice bran oil – by waiving interest on the loan.

The company owes Tk 61 crore to BASIC and Tk 20 crore to Bank Asia in principal. Including interest, the loan amount exceeded Tk 100 crore.

Minori Bangladesh Limited – a subsidiary of the Japanese agricultural company Minori Co Limited – the company interested in taking over Emerald Oil, will handle the loans after they are cleared.

In return, Minori Bangladesh will get a 30% stake in Emerald Oil Industries, owned by the sponsors and directors of the company.

The operations of the organic farming company Minori in Bangladesh are based in Tangail.

Minori had previously bought more than 8% of the company’s shares on the secondary market.

After receiving the stakes, Minori will inject around Tk45 crore as working capital to rejuvenate Emerald Oil – a loss-making entity in the food sector and ally in the capital market.

Emerald Oil production has been halted since 2017 due to a lack of working capital following loan scams from its founders. They later landed in jail and fled the country upon their release.

As part of the transfer of shares held by sponsors and directors, the company is expected to sign an agreement with Minori Bangladesh on Wednesday.

Company officials will later send banks a request for loan rescheduling and the reconstituted board will announce a deadline to resume production.

Previously, the board aimed to restart production in September, but this failed as the license renewal, share transfer and other tasks were not completed due to the Covid pandemic- 19.

An independent director of Emerald Oil, seeking anonymity, said the new board of directors was set to bring the company back into business after completing all necessary tasks.

“This week, an agreement will be signed with the interested company for the takeover of the 30% of the capital,” he added.

BSEC initiatives and interest relief

Keeping investor interest in mind, the Bangladesh Securities and Exchange Commission (BSEC) in March of this year replenished the board of directors by appointing five distinguished professionals to revive the company.

In a joint meeting with BSEC and the reconstituted board of directors, senior officials from both banks recently agreed to waive interest and only receive the principal amount of their loans.

To recover the classified loans, the bank officials have given their approval but the final approval will come from the boards of directors of the lenders.

As bank officials have agreed, the company’s new board is optimistic about regularizing the loans.

Sources said the two banks will now reschedule loans with a 5% down payment for ten years with a two-year grace period.

About the company

Incorporated in 2008, Emerald Oil entered the production of Spondon rice bran oil in 2011 and entered the stock market in 2014.

But, within a few years, it collapsed both in its business and on the stock market as soon as the founders’ credit scams unfolded.

After creating a mood in the Bangladesh market, Spondon recorded 276 crore in revenue from Emerald Oil in the 2015-16 fiscal year.

The company made a profit of Tk 18.07 crore and paid a stock dividend of 10% to its shareholders.

After that, the company did not release its financial statements due to a production shutdown.

The new board sees great revival potential for Spondon and plans to export the oil to Japan while selling the heart-sweet cooking oil in the local market.


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NORTHERN LEHIGH SCHOOL BOARD – OTHERS – Times News Online http://flight93.org/northern-lehigh-school-board-others-times-news-online/ Tue, 21 Sep 2021 02:56:24 +0000 http://flight93.org/northern-lehigh-school-board-others-times-news-online/ Posted on September 20, 2021 at 2:45 p.m. The Northern Lehigh School Board approved the following on September 13: • The renewal of the Reading Elevator Service Contract, $ 176 per quarterly service with an additional hourly rate of $ 245, if required, to be funded from the District Building and Land Budget. • Continue […]]]>

Posted on September 20, 2021 at 2:45 p.m.

The Northern Lehigh School Board approved the following on September 13:

• The renewal of the Reading Elevator Service Contract, $ 176 per quarterly service with an additional hourly rate of $ 245, if required, to be funded from the District Building and Land Budget.

• Continue to be a member of the Lehigh University School Study Council for a fee of $ 1,250 for the 2021-2022 school year, to be paid from the Superintendent’s budget.

• The renewal of the Mystery Science curriculum for Slatington Elementary School at a cost of $ 1,499, which will be funded by the Title IV 2021-2022 grant.

• Sign an amendment to the Pediatric Therapeutic Services Agreement to expand services to provide social work services at a rate of $ 67 per hour, starting September 1 through June 30, 2022, which will be funded by the ESSER grant.

• Rhonda Frantz will attend the A / CAPA Annual Conference, October 27-29, at the Hershey Hotel, with registration fees of $ 335, accommodation of $ 334 and travel of $ 86, at a cost estimated total of $ 755, funded from the business office budget.

• Melissa Wagner will attend the A / CAPA Annual Conference, October 27-29, at the Hershey Hotel, with a registration fee of $ 335 and accommodation of $ 334, for an estimated total cost of approximately $ 669, to be funded by the budget business office.

• Matthew Link will attend the Superintendent’s Advisory Council Conference Nov 3-5 at the Hershey Hotel, Hershey, at no cost to the District.

• David Hauser and Robert Vlasaty will attend the CFES World Conference October 25-26 at the Sagamore Resort, Bolton Landing, New York, with a travel cost of $ 331, funded from the middle and high school budget.

• Frank Gnas, school policeman; David Jones, school police officer; James Schnyderite, Principal, Peters Elementary School; Todd Breiner, Principal, Slatington Elementary School; David Hauser, Principal, Northern Lehigh Middle School; Robert Vlasaty, Principal, Northern Lehigh High School; and Michael Strohl, Deputy High School Principal, to sign summary infractions notices for students in the district for the 2021-2022 school year, after consultation with Superintendent Matthew J. Link. Director Robin Distler abstained in the vote.

• Election of the Pennsylvania School Board’s Association, effective January 1 to December 22, as follows: David Shaap, president-elect; Allison Mathis, Vice-President; Edward Brown, representative of the Eastern zone; Insurance Trust Trustee (3-year term), Richard Frerichs, William LaCoff and Nathan Mains; Forum Steering Committee (2 year term) Jennifer Davidson, Deana Lancenese and Bethanne Zeigler.

-Terry Ahner


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Form 8.5 (EPT / RI) – Sumo Group plc http://flight93.org/form-8-5-ept-ri-sumo-group-plc/ Mon, 20 Sep 2021 05:09:00 +0000 http://flight93.org/form-8-5-ept-ri-sumo-group-plc/ FORM 8.5 (EPT / RI) DISCLOSURE OF PUBLIC OPERATIONS BY A PRINCIPAL EXEMPT WITH A RECOGNIZED INTERMEDIARY STATUS OPERATING IN A CAPACITY TO SERVE CUSTOMERS 1. KEY INFORMATION (a) Name of the main exempt merchant: Investec Bank plc (b) Name of the Offeror / Officer for the relevant titles this form relates to: Use a […]]]>

FORM 8.5 (EPT / RI)

DISCLOSURE OF PUBLIC OPERATIONS BY A PRINCIPAL EXEMPT WITH A RECOGNIZED INTERMEDIARY STATUS OPERATING IN A CAPACITY TO SERVE CUSTOMERS

1. KEY INFORMATION

(a) Name of the main exempt merchant:

Investec Bank plc

(b) Name of the Offeror / Officer for the relevant titles this form relates to:

Use a separate form for each offeror / beneficiary

Sumo group plc

(c) Name of the party to the offer with which the main exempt operator is linked:

Investec is a co-broker

at Sumo Group plc

d) Date of the operation carried out:

September 17, 2021

(e) Has EPT already disclosed, or is it disclosing today, with respect to any other party to this offer? No

2. OPERATIONS OF THE MAIN EXEMPT MERCHANT

(a) Purchases and sales

Relevant safety class Purchases / Sales Total number of titles Highest price per unit paid / received

(pence)

Lowest price per unit paid / received

(pence)

Ordinary actions

Purchases

115,111

485.5

485.5

Ordinary actions

Sales

115,111

485.5

485.5

(b) Derivative transactions (other than options)

Relevant safety class Product Description

eg CFD

Nature of the transaction

for example, open / close a long / short position, increase / decrease a long position /

short position

Number of benchmark titles Price per unit

(c) Option transactions on existing securities

(i) Write, sell, buy or modify

Relevant safety class Product Description for example purchase option Write, buy, sell, vary, etc. Number of securities to which the option relates Unit exercise price Type

for example American, European, etc.

Expiration date Option money paid / received per unit

(ii) Exercise

Relevant safety class Product Description

for example purchase option

Number of titles Unit exercise price

(d) Other operations (including the subscription of new securities)

Relevant safety class Nature of the transaction

e.g. subscription, conversion

Details Unit price (if applicable)

The currency of all prices and other monetary amounts must be indicated.

When there have been transactions on more than one category of relevant securities of the offeror or the offender named in point 1 (b), copy table 2 (a), (b), (c) or (d ) (as the case may be) for each class of securities concerned processed.

3. OTHER INFORMATION

(a) Indemnification and other trade agreements

Details of any indemnity or option agreement, or any arrangement or arrangement, formal or informal, relating to the relevant securities which may be an inducement to trade or refrain from trading entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt primary dealer making the disclosure and any other person relating to:

(i) the voting rights of any relevant security under an option; Where

(ii) voting rights or the future acquisition or disposal of any relevant security to which a derivative is referenced:

If there are no such agreements, arrangements or understandings, indicate “none”

Nothing

Disclosure Date:

20e September 2021

Name of the contact:

Gary Darch

Phone number:

0207 597 4549


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The government will provide quality education at an affordable cost http://flight93.org/the-government-will-provide-quality-education-at-an-affordable-cost/ Sun, 19 Sep 2021 13:53:24 +0000 http://flight93.org/the-government-will-provide-quality-education-at-an-affordable-cost/ MLA launches first PU classes at brand new Government PU College in Shaktinagar Mangaluru South MP D. Vedavyas Kamath said on Saturday that the government has taken the necessary steps to provide quality education at an affordable cost by prioritizing the education sector. He was speaking at a program marking the start of I PU […]]]>

MLA launches first PU classes at brand new Government PU College in Shaktinagar

Mangaluru South MP D. Vedavyas Kamath said on Saturday that the government has taken the necessary steps to provide quality education at an affordable cost by prioritizing the education sector.

He was speaking at a program marking the start of I PU classes at the new Government PU College, Nalyapadavu in Shaktinagar, here. Welcoming the students, Kamath said the new college has been opened to provide quality education to students in the region as part of a government establishment.

Mr. Kamath noted that the application for a government PU college in the region has been pending for a long time. The then Minister of Primary and Secondary Education S. Suresh Kumar responded to the request and sanctioned the college, he said and thanked Mr. Suresh Kumar. At present, the college will offer courses in arts and commerce, he added.

The MP said he got sanctioned ₹ 5 crore for Mangaluru over the government sanctioned ₹ 21 crore for the Ministry of Pre-University Education. A sum of 4.82 crores was released for the construction of a building for the PU government college in Bokkapatna. Likewise, 4.82 crore will also be sanctioned for Nalyapadavu College once 50 cents of land becomes available.

Elementary and Secondary Education Minister BC Nagesh will visit the district at the end of the month and the foundation stone will be laid for the occasion, he said.

City Councilors Vanitha Prasad and Shakeela Kava, Deputy Director of PU Education Jayanna, Director of Jayananda Suvarna University and others were present.


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How do bond prices and yields work? Can I benefit from buying bonds now, instead of stocks? http://flight93.org/how-do-bond-prices-and-yields-work-can-i-benefit-from-buying-bonds-now-instead-of-stocks/ Sun, 19 Sep 2021 07:22:19 +0000 http://flight93.org/how-do-bond-prices-and-yields-work-can-i-benefit-from-buying-bonds-now-instead-of-stocks/ Obligations Image credit: archive photo Dubai: When we talk about investment, we often talk about equities. Stocks are likely to make up the bulk of your investment portfolio for the majority of your investment years. Bonds, which tend to be less risky but also less rewarding, are more important as you approach retirement. However, bonds […]]]>

Obligations
Image credit: archive photo

Dubai: When we talk about investment, we often talk about equities. Stocks are likely to make up the bulk of your investment portfolio for the majority of your investment years.

Bonds, which tend to be less risky but also less rewarding, are more important as you approach retirement.

However, bonds can be a useful part of your investment mix at any age, and it’s important to understand how they work, even if you don’t own a lot at the moment.

How to best design your investment portfolio for maximum returns

How to best design your investment portfolio for maximum returns
Image Credit: Image from iStock

Let’s take a look at obligations and why we should pay special attention to them these days.

How government bonds work

A bond is simply a vehicle that governments and businesses use to borrow money. People buy bonds and in return receive interest. Our country could hardly function without ties.

For the sake of this discussion, let’s focus on government bonds. Globally, almost all governments issue many different types of securities, but the most common are 30-year and 10-year treasury bills.

These bonds pay interest every six months, and the principal amount of the bond – often called the initial amount or “face value” – is paid in full after 30 or 10 years.

There are also popular titles called Inflation Protected Securities. The principal amount of inflation-protected securities may rise or fall depending on the movement of inflation, which is otherwise tracked by the consumer price index or the CPI.

Government bonds are very popular around the world because they are backed by the full confidence and credit of the government, which historically has always paid off its debts.

Portfolio balancing

How to best design your investment portfolio for maximum returns
Image Credit: Image from iStock

Yields and bond prices: what are they?

If you plan to hold a bond to maturity, you’ll probably want to take a look at its yield, which is simply a calculation of how much money you’ll earn on the investment.

So, for example, let’s say you have a 30-year bond of $ 10,000 (Dh36,700) with an annual interest rate of 5%. That would mean you would get $ 500 (Dh 1,835) per year. This is the annual yield on the bond. It is also called “nominal” return.

There is another factor that determines how much money you make on a bond, and that is the price.

Let’s say the owner of the above $ 10,000 (Dh36,700) bond chooses to sell the bond before it matures, for $ 9,000 (Dh3,305) – possibly because the issuing company owed it. hard to stay afloat, or because interest rates are about to drop. see a substantial increase.

The buyer of the bond will continue to earn interest based on the face value of the bond ($ 10,000 or MAD 36,700). These interest payments are fixed.

So the buyer receives the same payments, but because the buyer paid less for the bond, the yield is 5.55 percent. ($ 500 / $ 9,000 or Dh 1,835 / Dh 3,305) = 0.0555, or 5.55 percent).

When a bond sells for more than its issue value, we often hear people say that it is trading “at a premium.” If it sells for less than its issue value, it sells “at a discount.”

Generally speaking, people are looking to find bonds that sell at a discount because they offer a higher yield.

What does it mean when a bond trades at a premium or a discount?

A discount is the opposite of a premium. When a bond is sold for more than its face value, it sells at a premium. Unlike a haircut, a premium occurs when the bond has an interest rate higher than the market rate of interest (or better business history).

actions

Image used for illustration purposes.

Why do bond prices go up and down?

The price of bonds is very strongly influenced by the interest rates of a country. The going interest rate, that is, the interest rate on bonds issued at any given time, can make any other bond more or less attractive to investors.

To illustrate this, let’s say you have a 30 year bond with an interest rate of 5%, but the rates have increased and are now averaging 6%. Because your bond now has a lower interest rate than the prevailing average, it is less attractive to investors.

So, if you want to sell the bond, you may need to lower the price to make sure investors can get the same return.

The opposite is also true. When interest rates fall, any bond with a higher interest rate becomes more attractive and may charge a higher price.

Inflation is known to have an indirect impact on bond prices because it comes with higher interest rates.

Bond prices are also indirectly affected by the performance of the stock market. When the stock market is doing well, people tend to flock to stocks and their potential for higher returns, which in turn depresses demand and prices for bonds.

But in times of economic distress, such as the pandemic-induced downturn that was recently experienced, investors will often flock to the relative safety of bonds, which can lead to higher prices.

Investment

Image Credit: Pixabay

Why Bonds Matter Now Matter Now

The bond market has become surprisingly calm in recent months, but the outlook remains good.

“As global economic growth strengthens this year, bond investors may find opportunities in high quality bonds, higher yielding debt and assets that hedge against the falling US dollar,” analysts said. of the American loan and investment firm Morgan Stanley.

Yields on government bonds edged up again in 2021. For example, the interest rate on a 30-year Treasury bond rose to around 2% at the end of August. The 10-year Treasury yield is above 1.5%.

There are many reasons why returns have increased over the years, but generally they are related to confidence in the economy and the stock market. Treasury yields rise in inverse proportion to prices. So, a high yield suggests that demand for bonds is low and prices are depressing.

The trend is only expected to strengthen. Governments around the world are expected to issue many new bonds in 2021 to cover the cost of further tax cuts. Having more bonds in the market will reduce the demand for any individual bond, so prices will fall and yields will rise.

190312 UAE central bank

The central bank of the United Arab Emirates located in Baynoonah Street in Abu Dhabi.
Image Credit: Gulf News Archives

2021: A year of recovery for bonds

“As bond investors, we expect 2021 to be a year of recovery,” Morgan Stanley analysts predicted earlier this year.

Many economic forecasts show that GDP (gross domestic product, key indicator of economic growth) is increasing, and this begs the question: Won’t bond market yields rise in this environment? Rising yields of course mean lower bond prices, at least on paper for investors holding debt.

However, returns will rise for good reasons, based on economic growth and the return of cash flow to the markets.

“Movements in the bond market will serve as key indicators of the health of the recovery, as well as business performance and consumer confidence in 2021 and beyond,” the analysts added.

“As economic growth strengthens (likely in inverse proportion to the severity of the pandemic this year) and the variation in the fixed income market widens, the opportunities for bond distributors will also widen. “


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Home loan: should you repay it or invest if you have a lump sum? http://flight93.org/home-loan-should-you-repay-it-or-invest-if-you-have-a-lump-sum/ Sat, 18 Sep 2021 11:36:00 +0000 http://flight93.org/home-loan-should-you-repay-it-or-invest-if-you-have-a-lump-sum/ Home loans are generally less expensive than other loans, and repayment terms typically vary from 15 to 20 years. Since buying a home requires a large amount of money, very few people can buy one with the full down payment, and most homebuyers need to take out a home loan. There are also some advantages […]]]>
Home loans are generally less expensive than other loans, and repayment terms typically vary from 15 to 20 years.

Since buying a home requires a large amount of money, very few people can buy one with the full down payment, and most homebuyers need to take out a home loan. There are also some advantages to buying a house by taking out a home loan – buyers save money on rent by switching from rented accommodation to owner accommodation and there are also tax advantages on the interest paid on the property. a mortgage and on the repayment of the principal. .

Home loans are generally less expensive than other loans, and repayment terms typically vary from 15 to 20 years. Some financial institutions even offer home loans with a repayment term of 30 years.

Even if mortgage interest rates are lower, the longer the repayment term, the higher the total amount of interest paid will be, even if the amount of the equivalent monthly payment (EMI) will be lower.

For banks and financial institutions, home loans provide long-term stable income for 15 to 30 years.

However, during the long repayment period, if a borrower receives a lump sum or their regular income increases significantly, should the extra money be used to pay off the current home loan or should it be invested elsewhere to generate income? the wealth ?

Buying a house Vs staying rented: what would be financially advantageous for you under the new tax system?

The decision to repay or invest should be made on a case-by-case basis.

When to repay

The decision to repay the entire loan amount or part of it can be crucial in the following circumstances.

Unstable career

If there is uncertainty about future income due to a lack of stability in the career, it is best to reduce future debts by paying off the mortgage early whenever an opportunity arises.

High EMI amount

In case the amount of EMI is very high relative to monthly income – for example more than 40-50 percent of salary / income – it is better to use a lump sum to reimburse part of it to reduce the amount of the EMI.

When to invest

The decision to invest can be made on the decision to repay based on the following factors.

Low interest rate

As the interest rates on home loans are generally lower than those on most other loans, there are opportunities to generate a higher return on your investment.

Long term

Since mortgage terms are longer than 15 years, a borrower has the opportunity to invest in long-term instruments like equity and generate a much higher rate of return than the interest rate on a loan. immovable.

Fiscal advantages

Since there are tax benefits up to a limit on mortgage interest and principal repayment, it is better to continue with the repayment schedule to enjoy the benefits rather than paying off in a lump sum. In addition, a lump sum refund would exceed the tax benefit limit in the excess refund year and reduce the scope of future tax benefits.

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‘All the numbers are wrong’, controversial teacher’s COVID-19 comments prompt DPS investigation – WHIO TV 7 and WHIO Radio http://flight93.org/all-the-numbers-are-wrong-controversial-teachers-covid-19-comments-prompt-dps-investigation-whio-tv-7-and-whio-radio/ Fri, 17 Sep 2021 21:10:27 +0000 http://flight93.org/all-the-numbers-are-wrong-controversial-teachers-covid-19-comments-prompt-dps-investigation-whio-tv-7-and-whio-radio/ DAYTON – A Dayton public school teacher is accused of sharing what the doctor calls COVID-19 misinformation in a video posted online that has been taken down by YouTube for “violating YouTube community guidelines.” The video was a project for a broadcast class at Ponitz High School and the district principal said what the teacher […]]]>

DAYTON – A Dayton public school teacher is accused of sharing what the doctor calls COVID-19 misinformation in a video posted online that has been taken down by YouTube for “violating YouTube community guidelines.”

The video was a project for a broadcast class at Ponitz High School and the district principal said what the teacher said on video was not appropriate for the students.

“It’s not our job to push back on our opinions and push back on the beliefs we have about our students,” said Superintendent Elizabeth Lolli.

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In the video shared online, the Dayton Public School teacher is interviewed as part of what principals have called a classroom project. The teacher makes statements on COVID-19, questioning the testing practices of providers in the region, including Premier Health.

“All the numbers are wrong,” the teacher said in the video.

Lolli said the Ponitz manager viewed the video after it was posted to YouTube on Thursday evening. The principal then told the staff not to show the video to the students.

“I think the person who was interviewed has a right to have their opinion, I think they have a right to say what they believe to be true. However, I don’t think the interview itself was appropriate for students, ”Lolli told News Center on Friday afternoon.

Premier Health’s Dr Roberto Colon said many of the teacher’s claims in the video amounted to misinformation.

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“We are having enough trouble fighting this virus. Neither do we have to launch bad information and disinformation campaigns. It’s just something we shouldn’t have to deal with properly, ”Colon said.

Colon said the video was “disheartening”.

“We have to use science and data, not unproven assumptions about how to beat the virus,” Colon said.

Lolli said the district was investigating the situation and if there were any violations of the policy by anyone involved, a potential sanction could be imposed.


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Realogy continues its deleveraging with term loan repayments http://flight93.org/realogy-continues-its-deleveraging-with-term-loan-repayments/ Fri, 17 Sep 2021 12:00:00 +0000 http://flight93.org/realogy-continues-its-deleveraging-with-term-loan-repayments/ MADISON, New Jersey, September 17, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the leading and most integrated provider of residential real estate services in the United States in United States, today announced that it has repaid a total of $ 435 million borrowings under its term loan facilities at September 16, 2021. […]]]>

MADISON, New Jersey, September 17, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the leading and most integrated provider of residential real estate services in the United States in United States, today announced that it has repaid a total of $ 435 million borrowings under its term loan facilities at September 16, 2021. Debt repayment was funded by available cash.

Refunds fully meet the $ 197 million principal amount of outstanding borrowings under its non-extended term loan facility A due February 2023 and the $ 238 million principal amount of outstanding borrowings under its term loan facility B due February 2025. The company expects to achieve approximately $ 10 millions of euros in cash interest expense savings each year through these refunds. The company also continues to have no outstanding balances on its revolving credit facility since October 2020.

“Realogy has achieved exceptional financial performance while maintaining a proactive focus on strengthening our balance sheet. The repayment of these short-term secured loans improves our liquidity profile and supports our continued efforts to manage our debt portfolio, ”said Charlotte simonelli, Chief Financial Officer and Treasurer of Realogy. “We have made tremendous progress to date and remain committed to continuing to deleverage, strengthen our balance sheet and strategically invest in our business for the future.”

About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is moving the real estate industry into the future. As the leading and most integrated provider of residential real estate services in the United States encompassing franchise, brokerage, relocation, ownership and settlement business as well as a mortgage joint venture, Realogy has supported approximately 1.4 million real estate transactions in 2020. The company’s diverse brand portfolio includes some of the most recognized names in real estate:Better houses and gardens® Immovable, 21ST CENTURY®, Coldwell Banker®, Coldwell Commercial Banker®, Corcoran®, TIME®, and Sotheby’s International Realty®. Using innovative technology, marketing data and products, high-quality lead generation programs, and world-class learning and support services, Realogy fuels the productivity of its more than 194,200 independent sales agents in the States. United and approximately 142,700 independent sales agents in 117 other countries and territories, helping them build stronger businesses and better serve today’s consumers. Recognized for ten years in a row as one of the World’s Most Ethical Companies, Realogy has also been named a Great Place to Work three years in a row and is one of LinkedIn’s Top 2021 Companies in the United States.

Forward-looking statements

Certain statements contained in this press release constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Realogy Holdings Corp. statements. Any statement that refers to expectations or other characterizations of future events, circumstances or results are forward-looking statements.

Various factors that could cause actual future results and other future events to differ materially from those of forward-looking statements include, without limitation, those set forth under the headings “Forward-looking statements” and “Risk factors” in the documents filed by Realogy with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended December 31, 2020, its quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 and its other deposits made from time to time. Realogy does not undertake to publicly release revisions to forward-looking statements, except as required by law.

SOURCE Realogy Holdings Corp.

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