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Investegate |JTC PLC Announcements | JTC PLC: Proposed Placing of New Ordinary Shares


Proposed Placing of New Ordinary Shares
JTC, the global provider of fund, corporate and private client services, announces its intention to conduct a non pre-emptive placing of new ordinary shares (the Placing Shares ) of 1p each in the capital of the Company (the Placing ) to raise gross proceeds of up to c. £65m, representing approximately 9.0 per cent. of the current issued share capital of the Company. The total number of Placing Shares will not exceed 10.0 per cent. of the current issued share capital of the Company and the issue and allotment of the Placing Shares will be within the existing authorities of the JTC Board of Directors. ....

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And Spring Heralds SONIA….and Alternative Rates | Sullivan & Worcester


The LMA Note also raises whether a Credit Adjustment Spread (
CAS) will be used in pricing to balance the need for economic parity with LIBOR when switching to an RFR, but a CAS is less likely to be used in a new Sterling LIBOR transaction.
3. Read the FMSB Draft
The FMSB Draft sets out eight draft Core Principle for the use of TSRRs, and the key message seems to be that lenders and market participants should have a very good reason for using a TSRR! It is more eloquently put in Core Principle 1:

Market participants should assess, in a manner consistent with this Standard and the RFR Working Group Use Cases, whether there is ....

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Investegate |TalkTalk Telecom Gp Announcements | TalkTalk Telecom Gp: £100m of Additional Notes to existing Senior Notes


Tuesday, 26 January 2021
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF TALKTALK TELECOM GROUP PLC. NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR OTHERWISE THAN TO PERSONS WHOM IT CAN BE LAWFULLY DISTRIBUTED. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
For Immediate Release
TalkTalk Telecom Group PLC ( Company )
Proposed offering of £100 million in aggregate principal amount of 3.875% Senior Notes due 2025 to be consolidated and treated as a single class with the Company s outstanding £575 million 3.875% Senior Notes due 2025 ....

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