Top Insights of the Week: Ending 8/27/21
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
PBF Holding Co. increased 26.5% from $51.83 to $65.56 last week after the company announced its plans to evaluate conversion of an idle hydrocracking unit into a renewable diesel fuel producing plant to mitigate RFS costs.
Barrick Gold Corp. increased 2.4% from $127.81 to $130.83 last week after joining industrywide efforts to decarbonize surface mining through large scale haul truck electrification.
CALIFORNIA-B-BABS is this week’s winner, up 1.9% from $100.95 to $102.89 with California’s plans to sell various general-obligation bonds starting in November.
PREIT ASSOCIATES EXIT 2ND LIEN TL is this week’s winner up 8.5% from $52.41 to $56.87 as malls continue to experience high volume of sales accredited to back-to-school shopping.
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
ZAMBIN increased 13.8% from $65.84 to $74.93 last week after Zambia’s new president elect, Haikainde Hichilema, agreed to start a $2 billion mining investment expansion project in the region.
AESGEN increased 6.2% from $59.82 to $63.54 last week after Chilean presidential primaries in July brought some relief to the market. It is likely that growth will continue to accelerate across renewables and energy efficient applications and services in the region.
OH ST UNIV GEN RCPTS ranked as a top Muni Winner increasing 3.6% from $147.40 to $152.63 last week potentially driven by Grubhub plans to launch Yandex Robots to deliver food across campus.
APPLE LEISURE TL is this week’s winner, up 9.0% from $91.37 to $99.58 after Hyatt Hotels agrees to purchase the leisure group. The cash deal, to close in Q4, looks to expand Hyatt’s portfolio.