HALISTER: Unusual Power Sales Gain Reveals Bright Spots in Oil’s Bust (1)

Unusual Power Sales Gain Reveals Bright Spots in Oil’s Bust (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AEP US (American Electric Power Co Inc)
ETR US (Entergy Corp)
FE US (FirstEnergy Corp)

People
Brian Tierney (American Electric Power Co Inc)

Topics
BGOV Energy

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UUID: 7947283

HALISTER1: Venezuela Recovery Value Hammered by Low Oil Prices: Scotiabank

Venezuela Recovery Value Hammered by Low Oil Prices: Scotiabank

(Bloomberg) -- Sustainable debt restructuring with $30 oil would mean postponing all debt payments until 2019, Joe Kogan, head of emerging-markets strategy at Bank of Nova Scotia in New York, writes in e-mailed note.
  • Any interest payments at that point would be small or contingent on oil
  • Country needs WTI price of $46 to pay debt at current levels of imports
  • Higher EM yields mean market demand for restructured Venezuela bonds lower than wd have been a few yrs ago
  • Bond prices in line with where they shd be
  • NOTE: Related story: Maduro Tinkers With Policy as Venezuelan Debt Default Looms
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BNS CN (Bank of Nova Scotia/The)

People
Joe Kogan (Bank of Nova Scotia/The)

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UUID: 7947283

HALISTER: UBS Hires KKR’s O’Donovan, Deutsche Bank’s Schwarzschild

UBS Hires KKR’s O’Donovan, Deutsche Bank’s Schwarzschild

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
KKR US (KKR & Co LP)
UBSG VX (UBS Group AG)

People
Ros Stephenson (UBS Securities LLC)
Max Justicz (Goldman Sachs Group Inc/The)
Michael O'Donovan (KKR & Co LP)

Topics
Who's News - People
Management Changes

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UUID: 7947283