New York Fed Announces the First Wave of Firms Selected To Broaden its Counterparty Base for CPFF and SMCCF, including Loop Capital Markets. Read the full press release from the New York Fed here.
CNBC’s Power Lunch 8-25-20 from Anthony Sullivan on Vimeo.
Anthony Chukumba, Loop Capital, discusses Best Buy’s earnings and whether it’s a good long-term stock.
Chicago, IL, August 9, 2019 – Loop Capital Markets, LLC (“Loop Capital”) served as a joint bookrunner on AMTD International’s (“AMTD” or the “Company”) (NYSE: HKIB) successful initial public offering (IPO) of 20,759,700 American Depositary Shares (“ADSs”) which priced on August 2, 2019 at $8.38 and began trading on the New York Stock Exchange (NYSE) on August 5, 2019. The underwriters exercised their over-allotment option to purchase an additional 3,113,955 ADSs from the issuer on August 9, 2019. With the exercise of the over-allotment option, total gross proceeds for AMTD’s IPO were $200,000,000. Along with Loop Capital, AMTD Global Markets served as a joint bookrunner on the transaction, with MasterLink Securities (Hong Kong) Corporation Limited, Tiger Brokers (NZ) Limited, ViewTrade Securities, Inc. and Boustead Securities, LLC as additional underwriters. AMTD International, a subsidiary of AMTD Group, is a premier Hong Kong-headquartered financial institution, Asia’s No.1 independent investment banking firm and the largest independent asset management firm in Asia, serving both PRC regional banks and new economy companies.
Media Inquiries:
Nancy Ziagos
Email: Nancy.Ziagos@LoopCapital.com
Phone: 312.913.4916
About Loop Capital Markets
Loop Capital is a full-service investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe. Loop Capital’s reputation for integrity and service – coupled with the firm’s track record of success – has allowed them to serve an expanding number of clients from coast to coast and globally. The firm continues to grow because their clients continue to ask them to do more for them. The firm’s uncompromising commitment to excellence means that clients get superior, focused service across the entire platform.
Disclaimer
Loop Capital® is a registered trademark of Loop Capital Holdings, LLC. Securities and investment banking services are offered through Loop Capital Markets LLC. Loop Capital Markets LLC is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC).
Loop Capital prepared this document for informational purposes only. This document and the information herein (collectively “Information”) is not a research report and it should not be construed as such. The Information has been gathered from sources believed to be reliable, but is not guaranteed and is not a complete summary of all available data. Any historical price(s) or value(s) are also only as of the date indicated and from any source that may be noted. Loop Capital is under no obligation to update opinions or other information. Any opinions expressed by Loop Capital represent our present opinions as of the date of this Information and are subject to change without further notice. The Information, including proposed terms and conditions, are indicative and for discussion purposes only. Finalized terms and conditions of any transaction or engagement are subject to further discussion and negotiation and will be evidenced by a formal agreement.
On August 5th, 2019, Loop Capital Markets served as a bookrunner on the initial public offering of Hong Kong-based financial institution, AMTD International. Operating a full-service platform which includes investment banking, asset management, and strategic investment business lines, AMTD International is the No. 1 independent investment banking firm in Asia and the largest independent asset management firm in Asia for PRC regional banks and new economy companies. The Company raised $173.97 million by offering 20.76 million American depositary shares (“ADSs”) at $8.38 per ADS and granted the underwriters an option to purchase up to an additional 3.11 million ADSs to cover over-allotments. The company is listed on the NYSE under ticker – HKIB.
AMTD International intends to use the net proceeds of the offering for business and infrastructure expansion, acquisitions and investments in complementary businesses, and general corporate purposes.
CVSHealth Shines A Spotlight On Loop Capital As One Of Its Diverse Suppliers. Read the full article on CVS Health’s website here.
On February 12, 2020, School District 131 Kane County, Illinois (East Aurora) (the “District”) sold $30,990,000 General Obligation School Bonds (Alternate Revenue Source), Series 2020A and $20,805,000 General Obligation Refunding School Bonds, Series 2020B with Loop Capital Markets (the “Firm”) as sole manager. The Bonds were rated A1 underlying by Moody’s and all maturities were enhanced by Assured Guaranty Municipal (“AGM”) with ratings of AA (Stable) by S&P. Bond proceeds were used to (i) pay costs of altering, repairing and equipping school buildings and facilities of the District and improving sites; (ii) refund certain maturities of the District’s outstanding General Obligation Refunding School Bonds, Series 2010A; and (iii) pay costs of issuance.
The Firm guided the District from pre-marketing to pricing, providing preliminary investor reads with feedback to the District, organizing a one-on-one call with a major investor, and hosting the District’s Superintendent, CFO and five students to participate in the pricing. The Firm provided a session on the industry and the financing process. The transaction was initially 8.4x oversubscribed and the Firm was able to tighten spreads between five and ten basis points across all maturities due to strong investor interest. Following these adjustments, $89.435 million of orders dropped, resulting in priority orders to total $349.780 million or 6.8x subscription. A variety of investors participated in the transaction, primarily Bond Funds, followed by SMAs, Money Managers, Insurance Companies and Hedge Funds. Ultimately, the Series 2020A Bonds generated an All-In True Interest Cost of 2.638% and the Series 2020B Bonds generated Net Present Value Savings of $741,928 or 3.165% of refunded par and All-In True Interest Cost of 1.715%.
Luxury hotel on La Salle to get $21M in city-backed financing to save energy. The new PACE program’s first loan will go to the $118 million Reserve hotel project. Chicago PACE is administered for the city’s Department of Planning and Development by a private partnership called Loop Counterpointe PACE, a joint venture of the investment bank Loop Capital Markets and Counterpointe Energy Solutions. Read the full article from the Chicago Sun-Times here.
