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27.04.26 - 18:06
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Chord Music Partners Prices $500 Million ABS Backed by Diversified Music Catalog (Business Wire)
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Notes Backed by Diversified Music Catalog; Transaction Receives A Ratings from KBRA and S&P Global RatingsNEW YORK--(BUSINESS WIRE)--Chord Music Partners, a leading global music investment platform managed by Dundee Partners in partnership with Universal Music Group (UMG), the world leader in music-based entertainment, today announced the pricing of $500 million of Series 2026-1 senior notes (the “Notes”), secured by a diversified portfolio of music publishing and recorded music assets. The Notes are expected to be issued by Canon Music Issuer Trust, which is intended to serve as Chord's long-term financing vehicle, and priced at a yield of 5.560% and a spread of 160 basis points, marking the tightest-ever pricing for a music royalty ABS to date.
The Notes are backed by royalties from a catalog of more than 3,750 musical compositions and master recordings spanning a wide range of genres and vintages, with works from globally recognized artists and songwriters.
The Notes have received A ratings from K...
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23.04.26 - 12:42
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Canon Inc. Bottom Line Retreats In Q1 (AFX)
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TOKYO (dpa-AFX) - Canon Inc. (CAJPY) revealed a profit for first quarter that Dropped, from the same period last yearThe company's bottom line totaled JPY48.303 billion, or JPY55.16 per share. Thi......
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