Day: November 14, 2024

Primary Mortgage Market Survey®U.S. weekly average mortgage rates as of 11/14/2024MCLEAN, Va., Nov. 14, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent. “After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “Our latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades.”  News FactsThe 30-year FRM averaged 6.78 percent as of November 14, 2024, down from last week when it averaged 6.79 percent. A year ago at this time, the 30-year FRM averaged 7.44 percent. The 15-year FRM...

CARGOTEC CORPORATION, INSIDE INFORMATION, 14 NOVEMBER 2024 AT 7:00 PM (EET) Inside information: Cargotec sells MacGregor business to funds managed by Triton for an enterprise value of EUR 480 million to support Hiab’s future growth  Cargotec Corporation (“Cargotec”) has today signed an agreement to sell its MacGregor business area (“MacGregor”) to funds managed by Triton (“Triton”), for an enterprise value of EUR 480 million (“the Transaction”) to support Hiab’s future growth.  Transformation into standalone Hiab expected to take place on 1 April 2025 Cargotec’s transformation project, including listing Kalmar as a separate company, preparing Hiab for its standalone future and finding a solution for MacGregor, has progressed according to the plan and targets set by the Board in 2023. After considering different alternatives, the Board...

            Press release Financial information for the first nine months of 2024Retailer revenues up 1.5% Sale of eight garden centres operated by Gamm Vert finalised in the 3rd quarter Gross rental income down 3% at €11.2m (down 2.2% on a like-for-like basis) 21 new leases and 11 renewals signed, representing a total annual rent of €2.2m Proposed acquisition of all MRM shares by reference shareholder SCOR SEParis, 14 November 2024: MRM (Euronext code ISIN FR00140085W6), a real estate company specialising in retail property, today announces its consolidated revenues for the first nine months of 2024, corresponding to gross rental income for the period. Business update Revenues generated by retailers in MRM’s portfolio1 increased by 1.5% during the first nine months of the year, compared with the same period last year. Revenues from...

Press release         Ecully, November 14, 2024 – 6 p.m. Spineway: a week dedicated to medical excellence with more than 20 surgeons trained The Spineway Group, a , specialist in innovative implants for the treatment of severe spine disorders, organized a week of training dedicated to medical education from November 4 to 8, 2024. Through practical sessions in the operating room and on anatomical specimens in the laboratory, this intensive program trained over 20 international surgeons in the use of the Group’s ESP cervical and lumbar prostheses. These events also enabled the Group’s distributors to provide ongoing training and support for their users.            The week began with a Costa Rican surgeon being trained in the operating room by Pr. Lazennec (Hôpital de la Pitié-Salpêtrière, AP-HP Paris) on cervical prosthesis (CP-ESP)...

New agreement to repower Egypt’s Zafarana wind farm with a three- gigawatt wind-and-solar project Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energy, signed in partnership with TAQA Arabia a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity, in presence of Egypt’s Prime Minister, to repower the landmark Zafarana wind farms Originally commissioned by the Government of Egypt two decades ago, the Zafarana 545-megawatt wind farms were the first of their kind in the MENA region (Middle East and North Africa) and a milestone in Egypt’s renewable energy journey. As the wind turbines will soon approach the end of their operational lives, a new strategy is needed to repower the site. Located 130 kilometers south-east of Cairo, Zafarana is one of the windiest sites in the entire MENA...

Press release – Bond issue – November 2024PRESS RELEASENovember 14, 2024BOND ISSUE FOR A TOTAL AMOUNT OF EUR 750 MILLION Kering has issued a single-tranche bond for a total of EUR 750 million, with a 10-year maturity and a 3.625% coupon. This issue, in line with the Group’s active liquidity management, enables Kering to enhance its financial flexibility. The great success of this issue with bond investors underscores the market’s confidence in Kering’s credit quality. Kering has a long-term rating of ‘BBB+’ from Standard & Poor’s. About Kering A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin and Ginori...

On the proposal of Estonian Financial Supervision Authority, the European Central Bank granted to Coop Pank AS an additional activity license enabling the issuance of covered bonds. The additional activity license obtained is a necessary prerequisite for the issuance of covered bonds. The actual issuance, including the timing, volume, and other conditions, will be decided by the bank based on market conditions and the bank’s financing needs. According to initial forecasts, the first issuance is expected to take place in the first half of 2025. The bank will notify the market with a separate stock exchange announcement once the exact timing and conditions of the issuance are determined. The purpose of issuing covered bonds is to diversify the bank’s financing structure and stable long-term funds. If suitable market conditions...