non-profit organizations – Sociology Eso Science http://www.sociologyesoscience.com/ Mon, 11 Oct 2021 21:05:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.sociologyesoscience.com/wp-content/uploads/2021/06/favicon-6-150x150.png non-profit organizations – Sociology Eso Science http://www.sociologyesoscience.com/ 32 32 CashnGo continues to optimize the short-term lending process https://www.sociologyesoscience.com/cashngo-continues-to-optimize-the-short-term-lending-process/ Mon, 11 Oct 2021 21:05:43 +0000 https://www.sociologyesoscience.com/cashngo-continues-to-optimize-the-short-term-lending-process/ George Hajjar is the founder of CashnGo, an award-winning Australian loan company. With a mission to provide hassle-free small loans to people in Australia, CashnGo has grown into a business trusted by countless people. They strive to create convenient processes to make getting a loan a simpler process for everyone, no matter what their circumstances. […]]]>

George Hajjar is the founder of CashnGo, an award-winning Australian loan company. With a mission to provide hassle-free small loans to people in Australia, CashnGo has grown into a business trusted by countless people. They strive to create convenient processes to make getting a loan a simpler process for everyone, no matter what their circumstances.

Hajjar and his team understand that the need for a loan can arise at any time in someone’s life. Often times, just a little extra cash is all that someone may need to get back on track. That’s why they used the most innovative technology to create a simple system for people to get their money back quickly and efficiently. No matter what you need, CashnGo can provide you with a loan of up to $ 2,000.

Anyone with a stable income can apply online or at one of the self-service kiosks. The application process only takes around 5 minutes and is easy to complete. CashnGo smart technology will give you an instant response as to whether your loan will be approved or not. Once your request is approved, CashnGo strives to have the money in your account within half an hour. This quick and easy process means you can get quick cash solutions in any situation. The apps are available 24/7.

During the application process, you will be asked to designate a bank account so that CashnGo easily facilitates the refund process. You will receive an SMS when your repayments are due and the money will be automatically withdrawn from your account when you receive your income. This makes paying off your loan incredibly easy and requires little effort on your part.

This hassle-free process was refined by the dedicated CashnGo team and even earned them an award from the Australian Product Reviews Awards 2021. CashnGo has been announced the winners in the “Short Term Loans” category. This unique company sets itself apart from the rest as a company that truly listens to the needs of its customers and continues to innovate new ways of providing their services in a way that is accessible to all.

Australians can enjoy fast and effortless loans thanks to George Hajjar and the CashnGo team. They combine practical technology with expert customer service to build a business with the everyday Australian in mind. No matter why you need a loan, CashnGo can have that money in your pocket in no time. The company continues to grow and is proud to have the trust of Australians around the world.


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Another $ 300 million loan requested for COVID-19 response https://www.sociologyesoscience.com/another-300-million-loan-requested-for-covid-19-response/ Sun, 10 Oct 2021 20:07:00 +0000 https://www.sociologyesoscience.com/another-300-million-loan-requested-for-covid-19-response/ The Philippines is asking the World Bank (WB) for an additional $ 300 million for its COVID-19 emergency response as the government prepares to purchase booster injections for next year. Documents showed that this second additional funding sought by the Philippines was to be approved by the Washington-based board of the World Bank in fiscal […]]]>

The Philippines is asking the World Bank (WB) for an additional $ 300 million for its COVID-19 emergency response as the government prepares to purchase booster injections for next year.

Documents showed that this second additional funding sought by the Philippines was to be approved by the Washington-based board of the World Bank in fiscal year 2022.

As a reminder, the World Bank this year granted the Philippines an additional $ 500 million to purchase vaccines as part of the emergency response project that began last year.

In 2020, the initial World Bank funding for the COVID-19 emergency response project was $ 100 million. The upcoming loan will inject total funding of $ 900 million into this project.

Earlier documents had shown that the World Bank and the Philippines would restructure the current $ 600 million in project funding to allow the government to tap more vaccine suppliers and speed up mass immunization.

Last week, Finance Secretary Carlos Dominguez III said the Philippines was considering borrowing about $ 900 million from multilateral lenders for boosters.

“Exploratory discussions with the Asian Development Bank, the Asian Infrastructure Investment Bank and the World Bank have been launched to help determine possible sources of funding for additional vaccine needs in 2022. We plan to execute loan agreements towards the end of the year, ”Dominguez mentioned.

These upcoming loans will fund the 45.3 billion pesos of the proposed 2022 national budget of 5.0 trillion pesos that had been set aside for the booster injections. This amount has been entered in unscheduled appropriations, pending whether the Interagency Task Force for the Management of Emerging Infectious Diseases will need reminders.

Unlike regular budget items, non-programmed credits can only be financed by excess revenue or additional foreign borrowing.

—Ben O. from Vera INQ

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Information on the remission of the public service loan and who is entitled to it https://www.sociologyesoscience.com/information-on-the-remission-of-the-public-service-loan-and-who-is-entitled-to-it/ Sat, 09 Oct 2021 17:21:14 +0000 https://www.sociologyesoscience.com/information-on-the-remission-of-the-public-service-loan-and-who-is-entitled-to-it/ (NerdWallet) – A limited waiver announced by the US Department of Education should immediately wipe the slate off for 22,000 student borrowers seeking public service loan forgiveness and speed up the process for at least 500,000 more. This is not the general student loan exemption borrowers can dream of. Instead, it’s the latest example of […]]]>

(NerdWallet) – A limited waiver announced by the US Department of Education should immediately wipe the slate off for 22,000 student borrowers seeking public service loan forgiveness and speed up the process for at least 500,000 more.

This is not the general student loan exemption borrowers can dream of. Instead, it’s the latest example of the Biden administration’s strategy to tackle student loan debt through existing programs.

“The Biden administration is committed to overhauling the student loan system and how it works – if the programs are easy to access and if people can be forgiven – and I think that’s an important step forward on this route, ”said Sarah Sattelmeyer. , Project Director of Education, Opportunities and Mobility in the Higher Education Initiative at New America, a public policy think tank.

Neither President Joe Biden nor Congress have pledged to forgive mass lending despite calls to do so from prominent Democrats, state officials and consumer rights groups.

But since Biden’s tenure began, the Education Department estimates that more than $ 11.5 billion in loans have been canceled for more than 580,000 borrowers thanks to updates to existing forgiveness programs.

The department clears backlogs of borrowers who have been defrauded by their schools, who faced school closings prior to graduating, and who have permanent disabilities.

Here are the improvements that have been made so far.

Where is the delivery of civil service loans?

The Education Department released new guidelines in October to ease the tedious process of applying for a Public Service Loan Remission, or PSLF. This is a program to pay off the debts of borrowers who work for public service employers, such as the government or public schools and hospitals.

Forgiveness through the PSLF has been notoriously difficult to obtain due to complex rules regarding the type of loans and repayment plans allowed. Numerous technical details prevented the payments from counting into the 120 needed for the landfill. And then there is the paperwork: 10 years of proof of employment.

Due to bureaucracy, only about 1% of the nearly 400,000 borrowers who applied have ever had loans canceled through the PSLF, according to federal student aid data.

When the PSLF program was created, total student debt was around $ 550 billion, says Seth Frotman, executive director of the Student Borrower Protection Center. “We were concerned about the impact of student debt on the viability of those who enter and stay in public service fields,” says Frotman. “It’s even more important that this program works in light of where we are today, in the face of a $ 1.7 trillion student debt crisis.

The ministry has already looked for quick fixes, such as combining the job eligibility forms with the application and temporarily extending eligibility to certain borrowers. But the education ministry acknowledged in a June 2021 memo that those efforts were not enough to stem “the confusion and frustration.”

“There are a lot of people who were paying off their federal loans, working in a qualifying job, thinking they were working for forgiveness only to find out, when they finally applied, that they had the wrong type of loan.” , like a FFEL loan, or they weren’t in the right kind of repayment plan, ”says Bradley Custer, senior policy analyst for higher education at the Center for American Progress, a public policy think tank.

What’s new for borrowers looking for the PSLF

Under the new limited exemption from the PSLF, borrowers who worked full-time for an eligible public service employer can get past loan payments recorded in the PSLF, even if the payments were:

  • Realized on Family Federal Education Loan program loans (i.e. held in commerce) or disqualified Perkins loans, provided they consolidate into a direct loan.
  • Previously consolidated, which resets the payments that counted for the PSLF to zero.
  • Made in the wrong repayment plan, such as a standard, escalation, or extended plan.
  • Done late.
  • On hiatus while the borrower was on active service in the military.

Parent PLUS borrowers have been excluded from this limited waiver; these borrowers can still apply, but the old application rules remain. Student loan experts don’t know why parent PLUS borrowers were left out.

Betsy Mayotte, president and founder of the Institute of Student Loan Advisors, says the waiver resolves “the operational issues we’ve seen so far that have affected the PSLF program,” but still encourages borrowers to know all about them. details of the PSLF rules. to have the best chance of getting their loans paid off.

Borrowers who are entitled to relief under the new limited exemption must submit a PSLF form by October 31, 2022 to be eligible. As of now, borrowers can consolidate their student loans through the Federal Student Aid website and submit the PSLF form to certify employment and apply to the PSLF.

Federal student loan payments are suspended until January 31, 2022. During this forbearance, which began in March 2020, each month of non-payment counts towards the remission.

Borrowers should also remember this: You never have to pay anyone to apply for the PSLF, consolidate your debt, or access the benefits of the PSLF waiver. Any company promising to do the job for you is a scam.

What else has changed and what’s next

The Ministry of Education under Secretary Miguel Cardona updated other existing discharge programs, including:

  • Defense of the borrower to repayment: Over $ 1.5 billion in claims among nearly 92,000 borrowers who have been deceived or misled by their schools have been approved.
  • School exit closed: $ 1.1 billion was automatically made available to 115,000 borrowers who attended the closed ITT technical institute. Borrowers who attended a closed school between November 1, 2013 and July 1, 2020 can expect an automatic discharge of their loan as long as they have not enrolled in another school within three years of the closure.
  • Total and Permanent Disability exit: A total of $ 7.1 billion among 364,000 borrowers considered to be disabled have been released. To identify eligible future borrowers, data will be shared with the Ministry of Education, Ministries of Social Security and Veterans Affairs. Requests for proof of income are also suspended.

Further changes are expected to be made to the PSLF by the end of 2022, according to the education ministry.

Also evolving: who manages student loans

Following in the footsteps of fellow federal loan managers Navient and GSMR, FedLoan, the private manager who handles all loans for borrowers on track for the PSLF, terminates his contract after December 31, 2021. This means borrowers who are looking for the PSLF will have a new manager. Before losing access to your FedLoan account, download all payment records to make sure nothing gets lost during the transition.

According to the department, loan manager MOHELA is taking over the portfolio from FedLoan, but it is still unclear which manager will manage the PSLF in the future.

Borrowers should update contact information in their Federal Student Aid, or FSA, accounts to receive information directly from the government about the PSLF waiver.


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DB stops five electronic credit frauds https://www.sociologyesoscience.com/db-stops-five-electronic-credit-frauds/ Thu, 07 Oct 2021 11:30:50 +0000 https://www.sociologyesoscience.com/db-stops-five-electronic-credit-frauds/ Dhaka Metropolitan Police (DMP) Detective Cyber ​​and Special Crime Division Arrested Five Members of a Gang of Fraudsters Who Lending Money Illegally at High Interest Rates Using Unauthorized Apps . Those arrested are Emanuel Edward Gomez, Arifuzzaman, Shahinur Alam alias Rajib, Shubh Gomez and Md Akram. A car, nine cell phones, nine SIM cards, 4 […]]]>

Dhaka Metropolitan Police (DMP) Detective Cyber ​​and Special Crime Division Arrested Five Members of a Gang of Fraudsters Who Lending Money Illegally at High Interest Rates Using Unauthorized Apps .

Those arrested are Emanuel Edward Gomez, Arifuzzaman, Shahinur Alam alias Rajib, Shubh Gomez and Md Akram.

A car, nine cell phones, nine SIM cards, 4 laptops and 4 check books from different banks were seized in their possession.

Also Read: Police Arrest AB Bank DMD in Fraud Case

Additional Police Commissioner AKM Hafeez Akhter at a press briefing at the DMP media center on Thursday said detectives arrested them in Dhanmondi, Banani and Mirpur wards in Dhaka on October 5-6.

They deceived their customers by using unauthorized personal loan apps like Cashman, Tkala, Personal Loans Online, RapidCash-Quick Online eLoans App, AmarCash-Personal Loans Online, Cashkash-Fast Loans Online and CashCash.

Read also: The director of operations of Dhamaka arrested for “fraud”

In addition, those arrested were operating financial institutions called Thunder Light Technology Limited, New Vision Fintech Limited and Basic Development Society without government approval, he said.

The arrests were made on the basis of a dossier at Dhanmondi police station by a victim under the digital security law, he added.

He said Cyber ​​Detective and DB’s Special Crime Division were investigating the case.


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NeoGrowth announces carnival of business loans https://www.sociologyesoscience.com/neogrowth-announces-carnival-of-business-loans/ Wed, 06 Oct 2021 17:58:05 +0000 https://www.sociologyesoscience.com/neogrowth-announces-carnival-of-business-loans/ Listen to this article NeoGrowth, the leading digital lender serving small businesses, recently announced the launch of the “Business Loan Carnival” for MSME clients as part of its D2C initiatives. Currently underway in Mumbai, Bengaluru, Hyderabad and New Delhi, the Business Loan Carnival is held in October and November. The company has simplified and digitized […]]]>

NeoGrowth, the leading digital lender serving small businesses, recently announced the launch of the “Business Loan Carnival” for MSME clients as part of its D2C initiatives.

Currently underway in Mumbai, Bengaluru, Hyderabad and New Delhi, the Business Loan Carnival is held in October and November.

The company has simplified and digitized the process to help MSMEs obtain hassle-free loans for their various business needs.

Read also: Digital is the key to resilience amid uncertainty: Arun Nayyar, CEO, NeoGrowth Credit

Small business loan approvals are expedited with instant point-of-contact approval for the upcoming holiday season. NeoGrowth also engages with customers through exciting contests with exciting prizes.

Arun Nayyar, CEO of NeoGrowth said, “With the second wave behind us, this year Indian consumers are expected to shop near pre-COVID levels. This will give the much needed boost to retailers, small businesses and the economy as a whole. NeoGrowth clients have a positive business outlook for the next two months, and we aim to help them take advantage of relevant opportunities by providing them with lightning-fast loan approvals through this initiative.

La Poste Bancaire & Financière is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
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Student Loan Waiver Program: PSLF Changes, Explained https://www.sociologyesoscience.com/student-loan-waiver-program-pslf-changes-explained/ Wed, 06 Oct 2021 16:18:38 +0000 https://www.sociologyesoscience.com/student-loan-waiver-program-pslf-changes-explained/ When Congress established it in 2007, the Public Service Loan Forgiveness program helped convince many college graduates to take lower-paying public jobs as teachers, nurses, and first responders. The government promised that if they made timely payments for 10 years, any student loan debt they still had would go away. Unsurprisingly, since then, a tonne […]]]>

When Congress established it in 2007, the Public Service Loan Forgiveness program helped convince many college graduates to take lower-paying public jobs as teachers, nurses, and first responders. The government promised that if they made timely payments for 10 years, any student loan debt they still had would go away. Unsurprisingly, since then, a tonne of borrowers seeking relief told the government they had done what they were asked to do and met the PSLF loan cancellation requirements, but virtually all were turned down. (Out of 1.3 million candidates, the government paid off the debts of only 16,000 of them.)

Today, Biden’s Department of Education announcement a major overhaul to change all that and “make sure the program lives up to its promise”. The changes will immediately write off the debt of 22,000 borrowers who owe some $ 1.7 billion. The DOE says up to 27,000 other people who owe $ 2.8 billion could be eligible if they can demonstrate that additional employment spells qualify.

The changes will take place in two parts. The DOE is undertaking a serious gut renovation of the program, to make it easier to navigate. Meanwhile, the ministry is using its executive power to retroactively correct errors it has made in counting eligible borrower payments.

His ability over the years to spoil this has amazed observers. For example, borrowers obviously need to know what constitutes public service employment in the eyes of the government. The DOE website provides a fairly generic definition: “If you are employed by a US federal, state, local or tribal government or non-profit organization, you may be eligible.” But borrowers who tried to verify if theirs were eligible often did not get clear answers, as the DOE never provided an official list of eligible jobs.

Another hurdle was the repayment plans themselves: many borrowers made their payments on time, only to learn later that they did not count towards the 10-year payment requirement, as they had been made as part. of a repayment plan that their loan officer had told them qualified, but did not.

In total, the DOE estimates that more than half a million borrowers will be able to qualify for a discount sooner thanks to these changes. To take advantage of it, borrowers must submit a special waiver by October 31, 2022 – a one-time application that is used to certify their employment and then assess their eligibility for the rebate. Borrowers who currently have FFEL or Perkins loans will need to consolidate them into the direct lending program first and then submit the special waiver by that date.


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Malaysian tycoon Tony Fernandes’ AirAsia receives $ 120 million in government-backed loan https://www.sociologyesoscience.com/malaysian-tycoon-tony-fernandes-airasia-receives-120-million-in-government-backed-loan/ Wed, 06 Oct 2021 03:55:59 +0000 https://www.sociologyesoscience.com/malaysian-tycoon-tony-fernandes-airasia-receives-120-million-in-government-backed-loan/ AirAsia Group Bhd. aircraft stand on the tarmac of Kuala Lumpur International Airport 2 (KLIA 2) at … [+] Sepang, Selangor, Malaysia, Monday August 24, 2020. © 2020 Bloomberg Finance LP Air Asia Group– controlled by tycoon Tony Fernandes – said on Tuesday it had received approval from Danajamin Nasional Berhad for a loan of […]]]>

Air Asia Group– controlled by tycoon Tony Fernandes – said on Tuesday it had received approval from Danajamin Nasional Berhad for a loan of up to 500 million ringgits ($ 120 million), providing the airline with a much needed lifeline to overcome the Covid-19 pandemic.

The loan, which is 80% guaranteed by the Malaysian government, is part of the country’s economic stimulus package to support businesses affected by the pandemic. AirAsia has said it will use the funding for working capital purposes, including personnel costs and key operating expenses such as aircraft maintenance, as the airline prepares to ramp up operations in anticipation. a resumption of national and international travel in the near future.

“This endorsement from the Malaysian government is a strong endorsement of the AirAsia Group’s ability to recover quickly and gives a welcome boost to our overall fundraising strategy as we prepare to return to the skies in all of our key markets.” , Executive Chairman of AirAsia Group, Kamarudin Meranoun, said in a declaration. “Countries around the world, including those in the region, have started to reopen their international borders amid promising advances in immunization rates. “

Airlines and other travel-related industries are among the hardest hit by the pandemic, as countries around the world have closed their borders to contain the virus. AirAsia reported its eighth consecutive quarterly loss in the quarter ended June 30, although losses fell 38% to 719.6 million ringgits from a year ago.

Despite the lingering impact of the pandemic, AirAsia is starting to see green shoots. “The Langkawi Travel Bubble has been a huge success with overwhelming demand since we launched up to 90 services per week starting September 16,” Kamarudin said. “In Thailand, Indonesia and the Philippines we are seeing good progress as services have gradually started to pick up. “

With vaccinations progressing well around the world, the International Air Travel Association has also provided a more optimistic outlook for the industry. Demand for international travel is expected to double next year to 44% of the pre-pandemic level, IATA said on Monday.

“As countries in the region continue to discuss and implement travel bubbles and gradually reopen international borders, we are confident that we can recover and rebound strongly in the near future,” Kamarudin said.

AirAsia previously announced plans to raise up to Ringgit 2.5 billion through borrowing and selling of shares to provide the airline with ample liquidity as Covid-19 travel restrictions resulted in a decrease in passenger and freight traffic. The airline has also turned to digital businesses.

Fernandes and Kamarudin took over AirAsia in 2001 to create a low cost carrier that would make air travel affordable. The two dropped out of this year’s ranking of Malaysia’s 50 richest people. Fernandes also has interests in hospitality, insurance and education.


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4 benefits of getting a loan online from a direct lender https://www.sociologyesoscience.com/4-benefits-of-getting-a-loan-online-from-a-direct-lender/ Tue, 05 Oct 2021 13:19:32 +0000 https://www.sociologyesoscience.com/4-benefits-of-getting-a-loan-online-from-a-direct-lender/ LOS ANGELES – October 5, 2021 – (Newswire.com) iQuanti: As a borrower, you have many online loans. If you want an easy application process and quick access to funds, direct lenders are a great option. You may have to do some research and shop around to pick the right one, but direct lenders offer many […]]]>

LOS ANGELES – October 5, 2021 – (Newswire.com)

iQuanti: As a borrower, you have many online loans. If you want an easy application process and quick access to funds, direct lenders are a great option. You may have to do some research and shop around to pick the right one, but direct lenders offer many advantages over other types of lenders. Let’s dive deeper into the way online loans from direct lenders work and some of the benefits they offer.

How Do Direct Lender Online Loans Work?

Getting a loan online from a direct lender is simple. Here’s how the process works:

  1. Prequalify, if possible, by providing some basic information. This can show you what types of rates and terms you are likely to qualify for.
  2. Complete the loan application and, depending on the loan, authorize the lender to check your credit.
  3. After approval, review and accept the loan terms. You can ask any questions you have before you go ahead.
  4. Sign the loan agreement.
  5. Receive the funds in your bank account the same day of your request or within one to two days.
  6. Repay your loan as agreed in the contract.

4 advantages of online loans from direct lenders

1. Simple application process

Many people are looking for online loans need them quickly. For example, they may need to pay an unexpected home repair bill, but do not have the funds set aside to cover this expense.

Direct lenders for online loans speed up the loan process for people in these situations. Applications only take a few minutes and you may be able to apply online from the comfort of your own home.

2. Quick approval

Direct lenders have full control over their loans. They decide who gets a loan without outside interference. This, along with online applications, often allows them to instantly approve you if you qualify. In many cases, you can get your funds very quickly, sometimes on the day you apply.

3. Confidentiality and security

Working with a reputable direct lender minimizes the number of businesses that have access to your information. For one thing, you don’t have to worry about getting calls from dozens of lenders. If you are working with a safe and legitimate lender, your personal information will be kept private and they will not sell your loan to another lender. Additionally, many online direct lenders use security technology to protect the sensitive financial data of their borrowers from cyber threats.

4. Simpler communication

Communication is easier with direct lenders because there are no intermediary parties involved. You can easily contact your lender with any questions or concerns regarding your loan.

Get a great loan online from a direct lender

Direct lenders offer simplicity when it comes to online loans. There are no middlemen, so you can enjoy easier communication with your lender, a straightforward application process, and quick access to funds. If you need a good loan option in a short period of time, a direct lender may be the right choice for you.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.

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4 benefits of getting a loan online from a direct lender


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Record sales of unwanted loans fuel dividend payouts https://www.sociologyesoscience.com/record-sales-of-unwanted-loans-fuel-dividend-payouts/ Sun, 03 Oct 2021 13:00:00 +0000 https://www.sociologyesoscience.com/record-sales-of-unwanted-loans-fuel-dividend-payouts/ U.S. companies have sold a record amount of notorious loans to raise funds for dividends this year, fueled by a recovering economy and investor demand for higher-yielding assets. Non-financial companies, including insurer Asurion LLC and fast food restaurant chain Whataburger Inc., have issued more than $ 72 billion in speculative-grade loans to pay dividends in […]]]>

U.S. companies have sold a record amount of notorious loans to raise funds for dividends this year, fueled by a recovering economy and investor demand for higher-yielding assets.

Non-financial companies, including insurer Asurion LLC and fast food restaurant chain Whataburger Inc., have issued more than $ 72 billion in speculative-grade loans to pay dividends in 2021, according to S&P Global Market’s LCD Intelligence. This is already an annual record for data dating back to 2000, surpassing the previous 2013 record of $ 54.4 billion.

The record marks a sign that companies are becoming more comfortable with their cash-filled balance sheets and the trajectory of the economy, analysts said. Leverage loans are typically issued by companies that are heavily indebted to their earnings, making them more sensitive to the trajectory of the economy.

Now economists are upping growth forecasts for next year, suggesting a rebound in spending and production slowed by supply chain disruptions and the Covid-19 Delta variant. This offsets the consequences of issuing debt to fund dividends, which can strain credit ratings and borrowing capacity of companies, since the money is not used for operations.

U.S. firms have also issued a record amount of junk bonds this year, while sales of leveraged loans are on track to surpass the 2017 record of $ 503 billion. After the Federal Reserve cut interest rates to near zero and began buying billions of dollars in bonds, many companies were able to cut interest costs and raise record amounts of cash by selling junk debt, thanks to strong demand from investors looking for higher returns.

Some companies are starting to pass this money on to their shareholders or to spend it. In addition to dividends, more than $ 294 billion in badly rated loans have been sold to fund business mergers and acquisitions, breaking the previous record of around $ 275 billion in 2018 over the coming months.

“Much of the loan market’s repricing and refinancing needs have been addressed,” said Anders Persson, director of global fixed income investments at Nuveen. “I expect we will see less of these deals and focus more and more on M&A opportunities and dividends.”

One of the main beneficiaries of the boom: private equity. Companies owned by private equity firms sold more than $ 60 billion in leveraged loans to pay dividends, another 21-year record.

Dividend payments can provide private equity firms with additional liquidity and a temporary increase in profits. They also help pay business investors who have paid money to buy the business. This group typically includes college endowments and pension funds, among other institutions.

Dividend payments reward private equity investors as these companies pursue new debt buyouts. The low returns on traditional fixed income assets have caused many investors to turn to private equity and other alternative asset managers for higher returns. Meanwhile, the average LBO price has risen this year, requiring more upfront cash from buyers.

The biggest buyers of low-rated loans are secured loan bonds, which bundle debt into securities. CLO sales set a record this year at more than $ 124 billion, with analysts expecting them to remain high through the end of the year, providing continued demand for new loans.

Funds that hold leveraged loans, whose payments typically increase with interest rates, can help investors hedge their holdings of fixed-rate bonds against Fed increases and higher-than-expected inflation. , which erodes fixed payments of bonds, said Rajay Bagaria, president and CEO. Head of Investments at Wasserstein Debt Opportunities.

“Investors are increasingly turning to leveraged loans,” he said. “The demand for bad debt has broken all records. “

SHARE YOUR THOUGHTS

Do you anticipate an increase in dividends from your investments this year? Why or why not? Join the conversation below.

Strong investor demand has helped push yields on leveraged loans to new lows, allowing borrowers to take on more debt at lower interest costs. The average yield to maturity of S & P / LSTA index loans fell to a record low of 4.2% at the end of September.

Earlier this year, Asurion, an insurer for personal technology devices such as cellphones and tablets, sold $ 3.3 billion in single-B plus and single-B rated loans to fund a dividend to its owners. , the second largest transaction this year. The loans brought the company’s total debt to more than six times earnings before interest, taxes, depreciation and amortization, according to a Moody’s Investors Service report.

Last month, Autokiniton US Holdings Inc., an auto parts supplier owned by KPS Capital Partners, sold a $ 375 million loan due in 2028 to fund a dividend to shareholders. The disproportionate demand from investors allowed the company to increase the loan amount, which is rated single-B.

About three in four loans sold in 2021 had a single B credit rating. Despite the high volume, the average yield on newly issued, B-rated corporate debt this year is around 4.8%. This is lower than the average return of 5.9% over the past 10 years, suggesting that investors are not being paid enough for the additional risks they take, according to a recent report by S&P Global Ratings.

Mr Persson says his company is comfortable getting a little extra yield on lending, given Fed support and economic growth, but remains cautious about which companies to choose.

“We are very aware of the low quality tilt towards new loan issuance, which is a bit stretched in our view,” he said. “This makes credit selection more important than ever. “

Write to Sebastian Pellejero at sebastian.pellejero@wsj.com

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Why Liverpool turned down Curtis Jones loan offers – including RB Leipzig – Liverpool FC https://www.sociologyesoscience.com/why-liverpool-turned-down-curtis-jones-loan-offers-including-rb-leipzig-liverpool-fc/ Sat, 02 Oct 2021 11:37:30 +0000 https://www.sociologyesoscience.com/why-liverpool-turned-down-curtis-jones-loan-offers-including-rb-leipzig-liverpool-fc/ Liverpool have turned down a number of loan offers for Curtis Jones over the years, with Jurgen Klopp explaining that he could learn more by staying in Merseyside. Jones has long been regarded as one of the best talents in the Reds academy, quickly rising through the ranks as he continued to flaunt the numbers […]]]>

Liverpool have turned down a number of loan offers for Curtis Jones over the years, with Jurgen Klopp explaining that he could learn more by staying in Merseyside.

Jones has long been regarded as one of the best talents in the Reds academy, quickly rising through the ranks as he continued to flaunt the numbers in front of goal.

The midfielder will turn 21 at the end of January and recently hit the 50 first-team appearance mark, as part of an impressive run in the starting lineup.

His performance in the 5-1 midweek win over Porto was arguably his best so far in a Liverpool shirt, and Jones is now set to retain his place for Sunday’s clash with Man City.

The fact that he’s tasked with playing in these big games is partly informed by his years of training under Klopp, rather than spending time on loan.

Liverpool turned down the first approaches from League One clubs, before a two-year offer from RB Leipzig was turned down and, more recently, a loan request from Leeds was quickly rejected.

“People have asked me a hundred times, ‘Can it be loaned? How about going there to get more match practice? ‘. No, let him be here, ”said Klopp Air sports.

“It’s the good thing to be really involved with the club as a young boy. He may not have 30, 40 games a season at 18 or 19, but he can still learn a lot.

“I didn’t want to let him go and play maybe 30 games in League One.

“I wanted him here to learn our Soccer. And that’s what he did.

Jones broke through as an exciting, equally effective attacking midfielder on the wing, but has now established himself as a more conservative option with the ability to create magic when the opportunity presents itself.

He’s remarkably well-rounded for a player his age, and Klopp attributes that to the time spent honing his craft at Melwood and now Kirkby.

“You can learn this job off the ball when you stay here because we put so much emphasis on it,” he continued.

“For a n ° 10, who despite all his youth has always been involved to bullet, getting that into your DNA isn’t easy. It takes time.

“It’s our job to give him all the information we can about the game – offensive, defensive – but when you’re around the first team at 17, you have more time to absorb it.

LIVERPOOL, ENGLAND - Wednesday December 16, 2020: Liverpool manager Jürgen Klopp (L) celebrates with Curtis Jones at the final whistle during the FA Premier League match between Liverpool FC and Tottenham Hotspur FC at Anfield.  Liverpool won 2-1.  (Photo by David Rawcliffe / Propaganda)

“I am really happy that we are now seeing the results on the pitch.”

It is telling that the majority of those youngsters who have established themselves as regular options for Klopp’s senior side weren’t sent on loan – with Harvey Elliott a special exception.

Trent Alexander-Arnold, Caoimhin Kelleher and Neco Williams are among those who have reaped the benefits rather than taking time in the Football League.

Instead, the prospect of working every day under Klopp, assistant manager Pepijn Lijnders and elite development coach Vitor Matos is proving to be a more effective method.


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