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- Tribe Capital Growth Corp I, a special purpose acquisition company (SPAC) with a focus on technology, has successfully raised $240 million in its initial public offering on The Nasdaq Capital Market.
- The SPAC was co-sponsored by Arrow Capital Group, a leading wealth management and investment advisory firm and Tribe Capital, a leading US venture capital firm.
- One of the first deals of its kind for a Middle East and South East Asia-based SPAC sponsor, investment demand for the SPAC was significant.
- Tribe Capital Growth Corp I will target the tech sector, potentially opening access to diversified investment opportunities for Gulf investors.
Innovative issue is the first sustainability-linked bond of its kind in Asia
4 Feb 2021 |
Chito Santiago
Surbana Jurong Group, a Singapore-based global urban, infrastructure and managed services consulting firm, on February 3 priced a S$250 million (US$186.60 million) sustainability-linked bond, representing the first Singapore dollar-denominated sustainability-linked bond and the first public sustainability-linked issuance from a Southeast Asia-based company. This is also the first Asian sustainability-linked bond to feature a premium step-up at maturity.
The unrated 10-year deal was priced at par with a coupon of 2.48%, or a spread of 132bp over Singapore dollar swap offer rate (SOR). With the sustainability-linked structure, Surbana Jurong was able to further expand and diversify its investor base as the deal was more than six times oversubscribed, attracting an order book in excess of S$1.7 billion. Several of the institutional investors participating in this offering are
On Friday, the Pentagon signed a memo approving COVID-19 vaccination efforts at Guantanamo Bay
Al Qaeda terrorists including 9/11 mastermind Khalid Sheikh Mohammed are among the detainees at Gitmo
The terrorists were set to receive their first dose of the in-demand vaccines as early as next Monday
The move caused widespread outrage, with 9/11 first responders saying the government was putting terrorists ahead of ordinary US citizens
Tom Von Essen, who was city Fire Commissioner during 9/11, said: You can t make this up. The ridiculousness of what we get from our government
On Saturday, the Pentagon announced they were pausing the plan in light of the backlash