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Under60 Daily | 20 November 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.



[Corporate Debt] Carnival plans on selling $1.6 billion worth of unsecured bonds. The cruise ship operator plans on offering an 8% coupon for bonds maturing in 2026, much lower than the 12% coupon offered on secured bonds issued in April. The company is hoping that a Covid-19 vaccine will significantly boost the demand for cruises.

Over60: Bloomberg Quint


[IPO] Boutique investment bank Perella Weinberg is set to take its $1 billion advisory division public via a SPAC. Its $10 billion asset management business will remain independent. IPOs via SPACs have raised close to $55 billion this year alone.

Over60: Reuters


[Sovereign Debt] China has sold its first Euro dominated negative yield bond. The €4 billion offering drew in orders worth €18 billion. The high demand was mainly attributed to investors seeking to gain exposure to China’s quick economic recovery from the pandemic.

Over60: CNN


[M&A] BuzzFeed is acquiring HuffPost as part of a more massive deal with Verizon Media Group. Verizon Media will become a minority shareholder of BuzzFeed, with other group companies like Yahoo and TechCrunch agreeing to content syndication deals with BuzzFeed. Over60: WSJ, CNN

[Economy] The British Government will complete the acquisition of bankrupt satellite operator OneWeb, signaling a more interventionist industrial strategy after Brexit. The $1 billion deal was carried out with an arm of Indian telecommunications tycoon Sunil Mittal’s Bharti Enterprises Ltd. Over60: Bloomberg



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Under60 Daily | 27 November 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute. [Int

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