Nigeria’s Debt Rises By U.S.$18 Billion in Four Years

May 14th, 2015 by Admin

Records obtained from the Debt Management Office by Daily Trust revealed that Nigerias total public debt (external and securitized domestic debt of the federal government alone) has grown by $18.40 billion (N3 trillion) within the four years under focus.

In 2010, debt was $35.09 billion; 2011, $41.55 billion; 2012, $48.49 billion; 2013, $54.54 billion; and 2014, $53.49 billion. The current debt profile was a little higher than it was 10 years ago (2004) before Nigeria secured debt relief from the Paris Club.

In 2004, prior to the Paris Club debt relief, Nigerias overall debt stock was $46.2 billion which is $7.29 billion less than the current stocks.

In 2004, Daily Trust...

Moody’s: FHT’s hotel acquisition in Sydney will further broaden …

May 14th, 2015 by Admin

Singapore, May 11, 2015 — Moodys Investors Service says that Frasers Hospitality Trusts
(FHT, Baa2 stable) proposed acquisition of the Sofitel Sydney Wentworth
hotel in Australia will broaden the diversity of its asset portfolio and
will also further diversify its income sources.

We expect the trust to use an appropriate mixture of debt and equity to
fund the acquisition, so that it will keep its leverage metrics
within its rating parameters.

FHT announced on May 11 that it would acquire a 75-year leasehold
interest in Sofitel Sydney Wentworth with Frasers Sydney Wentworth Trust
(unrated) for a consideration...

Declaration of Regular Distribution for Second Quarter 2015

May 14th, 2015 by Admin

Conference Call Information
FSIC will host a conference call at 11:00 am (Eastern Time) on Tuesday, May 12, 2015, to discuss its first quarter 2015 results. All interested parties are welcome to participate. You can access the conference call by dialing 1 (800) 446-1671 and using the conference ID 39478269 approximately 10 minutes prior to the call. The conference call will also be webcast, which can be accessed from the Investor Relations section of FSICs website at www.fsinvestmentcorp.com under Presentations and Reports.

A replay of the call will be available for a period of 30 days following the call by visiting the Investor Relations section of FSICs website...

back briefs

May 14th, 2015 by Admin

The Barack Obama Foundation announced in a news release early Tuesday that the library will be erected on park land that was proposed for the site by the University of Chicago. The site was selected over bids made by Columbia University in New York, the University of Hawaii and the University of Illinois at Chicago.

“With a library and a foundation on the South Side of Chicago, not only will we be able to encourage and affect change locally, but what we can also do is to attract the world to Chicago.” Obama said in a video accompanying the release. “All the strands of my life came together and I really became a man when I moved to Chicago. That’s where I was able...

5 Steps to Buying a Home After Bankruptcy

May 14th, 2015 by Admin

There are five steps that you should take before making the jump into a house.

1. Wait

A bankruptcy does stay on your credit report for up to 10 years, but you do not need to wait that long before looking to buy a house. While I have represented clients who were able to buy a home within a month after a bankruptcy case, that is more the exception than the rule. You do at least need to let the dust settle on the bankruptcy discharge papers before making that next step.

Immediately after the bankruptcy case is discharged and closed, you need to stop and take stock of where you are financially. What did you lose by going through bankruptcy? Hopefully it was mostly the burden...

Form 8-K Capitala Finance Corp. For: May 11

May 14th, 2015 by Admin

Net realized gains totaled $9.3 million, or $0.72 per share,
for the first quarter of 2015, compared to $1.2 million for the same period in 2014. Gross gains of $3.3 million for Boot Barn,
Inc. and $9.3 million for KBP Investments, LLC were partially offset by a $3.4 million loss related to Precision Manufacturing,
LLC. The net change in unrealized appreciation for the first quarter of 2015 was a decline of $4.3 million, or $0.33 per common
share, compared to $5.7 million, or $0.44 per common share, for the same period in 2014. During the first quarter of 2015, the
Company had $7.6 million in net unrealized depreciation related to reversal of net unrealized...

Senior Secured Loan Program Closes Over $1.0 Billion in Commitments During …

May 13th, 2015 by Admin

NEW YORK NORWALK, Conn.–(BUSINESS WIRE)–The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation (“Ares Capital”) and an affiliate of GE Capital, announced that during the first quarter of 2015 it closed six financing transactions, including refinancings of existing portfolio companies, totaling over $1.0 billion. Since January 1, 2010 through March 31, 2015, the SSLP has committed approximately $19.2 billion to middle market borrowers.

Below is a description of four of the transactions that closed during the first quarter.

Diversified Foodservice Supply / New Mountain Capital

Ares Capital and GE Capital...

Xiaomi’s money market fund rolls out of beta, to take on Alibaba and Tencent

May 13th, 2015 by Admin

Like Baidu and Alibaba, Xiaomi is eyeing Chinas finance industry and seeing dollar signs. Today the company is officially launching a money-market fund called Huoqibao inside a new standalone app called Xiaomi Finance.

Like the Alibaba-affiliated Yuebao, Xiaomis Huoqibao lets consumers save excess cash and earn interest from it. After registering for a Xiaomi Finance account with ones national ID, users can bind a bank card to the app can store as little as RMB 1 (about US$0.15). The fund is managed by Chinas E Fund Management and currently offers anannual return rate of 4.26 percent.

This marks Xiaomis first foray into serious finance, but it has dabbled in money in the past....

America First Multifamily Investors, L.P. Schedules First Quarter 2015 …

May 13th, 2015 by Admin

America First Multifamily Investors, L.P. Schedules First Quarter 2015 Conference Call for Tuesday, May 19th at 4:30 p.m. Eastern

May 11, 2015: 05:24 PM ET

OMAHA, Neb., May 11, 2015 (GLOBE NEWSWIRE) — America First Multifamily Investors, L.P. (Nasdaq:ATAX) announced today that it will host a conference call for investors on Tuesday, May 19th at 4:30 p.m. ET to discuss the Company’s First Quarter 2015 results.

ATAX was formed for the initial purpose of acquiring, holding, selling and otherwise dealing with a portfolio of federally tax-exempt mortgage revenue bonds which have been issued to provide construction and/or permanent financing of multifamily...

Certus chairman, president, and CEO resigns; bank officials cite health concern

May 13th, 2015 by Admin

John Poelker, chairman, president, and CEO of CertusBank, has resigned to deal with a health concern, company officials said Tuesday.

Poelker, an industry veteran with more than four decades of commercial banking and consumer finance experience, joined CertusBank in April 2014. He took the helm of the Greenville-based financial institution after Certus terminated three top executives amid investor concerns about spending.

John worked tirelessly during his time with CertusBank to reposition the company as a traditional community bank, said Brad Kopp, chairman of CertusHoldings, Inc. Following his recent heart surgery, he needs to focus his time on recuperating fully. Johns teammates...