Saturday, August 10, 2024
Friday, August 09, 2024
LIVE | Russia Threatens Nuclear Action Over Ukraine's Attack in Kursk | ...
Explainer:
Ukraine races against the clock to secure debt restructuring
Tomorrow, August 10, a Grace-Period emerges on one of the government's Eurobond Issues, . .and then, the lack of payment for them would mean a default
The process of restructuring Ukraine's external debt by Eurobonds has officially started. The Ministry of Finance has announced the terms of the exchange of old bonds on the paper of the new issue
Ukraine has officially started debt restructuring
THE EXCHANGE OFFER DESCRIBED THEREIN IS DIRECTED, AND NEW SECURITIES DESCRIBED THEREIN WILL BE ISSUED, ONLY TO HOLDERS OF EXISTING NOTES (I) THAT ARE OUTSIDE THE UNITED STATES HOLDING EXISTING NOTES REPRESENTED BY AN UNRESTRICTED GLOBAL NOTE CLEARED IN CLEARSTREAM BANKING S.A. AND EUROCLEAR BANK SA/NV ("REGULATION S NOTES") THAT ARE NOT RETAIL INVESTORS (AS DEFINED BELOW) OR (II) THAT ARE HOLDING EXISTING NOTES REPRESENTED BY A RESTRICTED GLOBAL NOTE CLEARED IN THE DEPOSITORY TRUST COMPANY (OR, IN THE CASE OF EXISTING NOTES DENOMINATED IN EUROS, CLEARSTREAM BANKING S.A. AND EUROCLEAR BANK SA/NV) ("RULE 144A NOTES") THAT ARE (X) EITHER A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR AN "ACCREDITED INVESTOR" AS DEFINED IN RULE 501(A) OF REGULATION D UNDER THE SECURITIES ACT AND (Y) NOT RETAIL INVESTORS (EACH OF (I) AND (II) AN "ELIGIBLE HOLDER").
.Launch of Exchange Offer and Consent Solicitation
Released 13:00:10 09 August 2024
RNS Number : 9465Z
Ukraine (Ministry of Finance)
09 August 2024
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What’s behind Ukraine’s surprise incursion into Russia’s Kursk region?
Lending to a borrower at war entails an additional gamble:
that it will win
HEY HONEY, NO PUT ON A HAPPY FACE DURING A ROLLING RECESSION?? . . .A Message from ARK’s CIO Cathie Wood
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Investors Pull $2.2 Billion From ARKK In 2024 As Cathie Wood Underperforms Nasdaq By -30% YTD
by Tyler Durden
Thursday, Aug 08, 2024 - 11:00 AM
Cathie Wood appears to be doing what she does best: buying the 'dip' in an overvalued market, socking away aggressively valued companies that have a knack for plunging far further than market indexes on selloffs.
The ARKK fund manager is buying shares of Amazon.com Inc., Advanced Micro Devices Inc. and Roku Inc. amidst the recent market volatility, Bloomberg reported this week.
But ARKK closed at its lowest levels since November and at YTD lows on Wednesday, amidst the volatility, while the NASDAQ was still in green territory for the year, the report says. Wood's flagship 'innovation' fund is down about -24% YTD versus the QQQ, which is up about 6.8%, as of Thursday mid-morning.
That's a pretty noticeable underperformance for just 8 months into the year. And investors seem to be taking note: about 75% of ARKK's value from 2021 has been wiped away and, as of Tuesday, investors have withdrawn $2.2 billion from ARKK in 2024, setting it up for its worst year of outflows since its 2014 inception, Bloomberg writes.
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