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Official Kingdom of Saudi Arabia Collapse Thread...They're absolutely FU&KED!!!
- Thread starter ☑︎#VoteDemocrat
- Start date
Domingo Halliburton
Handmade in USA
JP Morgan is doing the Aramco IPO
Goldman tanked today
MrPentatonic
Superstar
Goldman tanked today
GS is up almost 2% today and like 8% over the last 2 weeksgreat call
great call
Goldman’s profits tumble 56% as revenue dives - FT.com
Oh god
1. you said they tanked today
2. you think this matters?
3. You think you are presenting some information relevant to financial health of GS
One good day doesn't erase a y/y trend downwards, dumbassOh god
1. you said they tanked today
2. you think this matters?
3. You think you are presenting some information relevant to financial health of GS
Saudi Arabia takes out $10bn in bank loans - FT.com
Saudi Arabia takes out $10bn in bank loans
Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.
The landmark five-year loan, a signal of Riyadh’s newfound dependence on foreign capital, opens the way for Saudi to launch its first international bond issue. It comes as the sustained slump in crude encourages other Gulf governments, such as Abu Dhabi, Qatar and Oman, to tap international bond markets.
The oil-rich kingdom, which last weekend blocked a potential deal among oil producers to freeze output and bolster prices, has burnt through $150bn in financial reserves since late 2014 as its fiscal deficit is set to widen to 19 per cent of gross domestic product this year.
Strong interest in the loan, especially from Asian banks, came despite rating agency downgrades on Saudi creditworthiness since the oil price collapsed. The government raised the amount it wanted to borrow from $6bn-$8bn to $10bn after the deal was oversubscribed.
“The deal is very successful, with very competitive pricing,” said Elyas Algaseer, deputy regional general manager at Bank of Tokyo-Mitsubishi. “There was immense market appetite.”
Saudi Arabia may now raise its first global bond in the wake of the loan deal, bankers said. Institutions that loaned the most would be set to benefit from a mandate to help Riyadh raise the bond.
“The loan is a way for Saudi Arabia to test the waters and set up an international borrowing profile,” said Ewen Cameron Watt, chief investment strategist at BlackRock, the world’s largest asset manager. “This is paving the way for the kingdom to transform from a creditor nation into a debtor nation. It's a significant moment of change in debt markets.”
The strategy of raising debt overseas aims to slow the drawdown of foreign reserves and reduce pressure on local banks, which have been supporting state related companies and buying Saudi domestic bonds for almost a year.
This is paving the way for the kingdom to transform from a creditor nation into a debtor nation. It's a significant moment of change in debt markets
Ewen Cameron Watt, BlackRock
The lead lenders, each pledging around $1.3bn, include Bank of Tokyo-Mitsubishi, HSBC and JPMorgan, bankers say. Lenders were required to lend at least $500m to participate.
Mr Algaseer declined to comment on the pricing, but other bankers close to the deal said it had priced at around 120 basis points over US dollar Libor.
The loan is Saudi Arabia's first international debt issuance since 1991, when it raised around $1bn in the aftermath of the Iraqi invasion of Kuwait.
(@88m3)
Bankers are now confident that Saudi state-related companies will also seek to raise funds, using the sovereign loan, and later bond, as a benchmark.
The unpredictable new voice of Saudi oil
As the fallout from collapsed oil talks in Doha reverberates, Saudi Arabia’s Mohammed bin Salman has emerged as the unpredictable new voice of the kingdom’s energy policy
Prince Mohammed bin Salman, the king’s powerful son who overseas economic reform, is set to publicise his “vision for Saudi Arabia”, a template for shifting the kingdom into a post-oil era, in Riyadh on April 25.
The “vision” is expected to give more details about the privatisation of state oil companySaudi Aramco, the creation of a sovereign wealth fund and other reforms to boost jobs and investment.
JPMorgan, which has decades of experience banking for Saudi Aramco, has been working with the state oil company since late last year on a plan for an initial public offering, people aware of the matter said.
Saudi Aramco is still evaluating how to organise any flotation, which could either list a portion of the holding company, or a collection of downstream assets, on the Saudi stock exchange. But Prince Mohammed has said he intends to float less than 5 per cent of the holding company by 2018.
The Saudi fundraising comes amid broader debt issuance as neighbouring oil economies also tap international markets.
Abu Dhabi has mandated Bank of America Merrill Lynch, JPMorgan and Citigroup to hold investor meetings this week ahead of the UAE capital’s third international bond.
“Abu Dhabi’s strong fundamentals should support strong demand for any issuance and provide a benchmark for corporates looking to raise debt,” said Ms Malik.
Qatar, which last year raised a loan of more than $5bn, has sent out a proposal request to lenders to manage an international bond issue, bankers said, and Lebanon has announced a sale of two bonds worth $1bn.
HSBC and JPMorgan declined to comment.
Saudi Arabia takes out $10bn in bank loans
Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.
The landmark five-year loan, a signal of Riyadh’s newfound dependence on foreign capital, opens the way for Saudi to launch its first international bond issue. It comes as the sustained slump in crude encourages other Gulf governments, such as Abu Dhabi, Qatar and Oman, to tap international bond markets.
The oil-rich kingdom, which last weekend blocked a potential deal among oil producers to freeze output and bolster prices, has burnt through $150bn in financial reserves since late 2014 as its fiscal deficit is set to widen to 19 per cent of gross domestic product this year.
Strong interest in the loan, especially from Asian banks, came despite rating agency downgrades on Saudi creditworthiness since the oil price collapsed. The government raised the amount it wanted to borrow from $6bn-$8bn to $10bn after the deal was oversubscribed.
“The deal is very successful, with very competitive pricing,” said Elyas Algaseer, deputy regional general manager at Bank of Tokyo-Mitsubishi. “There was immense market appetite.”
Saudi Arabia may now raise its first global bond in the wake of the loan deal, bankers said. Institutions that loaned the most would be set to benefit from a mandate to help Riyadh raise the bond.
“The loan is a way for Saudi Arabia to test the waters and set up an international borrowing profile,” said Ewen Cameron Watt, chief investment strategist at BlackRock, the world’s largest asset manager. “This is paving the way for the kingdom to transform from a creditor nation into a debtor nation. It's a significant moment of change in debt markets.”
The strategy of raising debt overseas aims to slow the drawdown of foreign reserves and reduce pressure on local banks, which have been supporting state related companies and buying Saudi domestic bonds for almost a year.
This is paving the way for the kingdom to transform from a creditor nation into a debtor nation. It's a significant moment of change in debt markets
Ewen Cameron Watt, BlackRock
The lead lenders, each pledging around $1.3bn, include Bank of Tokyo-Mitsubishi, HSBC and JPMorgan, bankers say. Lenders were required to lend at least $500m to participate.
Mr Algaseer declined to comment on the pricing, but other bankers close to the deal said it had priced at around 120 basis points over US dollar Libor.
The loan is Saudi Arabia's first international debt issuance since 1991, when it raised around $1bn in the aftermath of the Iraqi invasion of Kuwait.
(@88m3)Bankers are now confident that Saudi state-related companies will also seek to raise funds, using the sovereign loan, and later bond, as a benchmark.
The unpredictable new voice of Saudi oil
As the fallout from collapsed oil talks in Doha reverberates, Saudi Arabia’s Mohammed bin Salman has emerged as the unpredictable new voice of the kingdom’s energy policy
Prince Mohammed bin Salman, the king’s powerful son who overseas economic reform, is set to publicise his “vision for Saudi Arabia”, a template for shifting the kingdom into a post-oil era, in Riyadh on April 25.
The “vision” is expected to give more details about the privatisation of state oil companySaudi Aramco, the creation of a sovereign wealth fund and other reforms to boost jobs and investment.
JPMorgan, which has decades of experience banking for Saudi Aramco, has been working with the state oil company since late last year on a plan for an initial public offering, people aware of the matter said.
Saudi Aramco is still evaluating how to organise any flotation, which could either list a portion of the holding company, or a collection of downstream assets, on the Saudi stock exchange. But Prince Mohammed has said he intends to float less than 5 per cent of the holding company by 2018.
The Saudi fundraising comes amid broader debt issuance as neighbouring oil economies also tap international markets.
Abu Dhabi has mandated Bank of America Merrill Lynch, JPMorgan and Citigroup to hold investor meetings this week ahead of the UAE capital’s third international bond.
“Abu Dhabi’s strong fundamentals should support strong demand for any issuance and provide a benchmark for corporates looking to raise debt,” said Ms Malik.
Qatar, which last year raised a loan of more than $5bn, has sent out a proposal request to lenders to manage an international bond issue, bankers said, and Lebanon has announced a sale of two bonds worth $1bn.
HSBC and JPMorgan declined to comment.
1.
so what would one bad day mean?Goldman tanked today
2. you really think you posting something relevant to the financial health of GS, huh?
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I was referring to what I referred to. And I was quoting about JP Morgan doing the deal1.
so what would one bad day mean?
2. you really you posting something relevant to the financial health of GS, huh?
Stay in your shrimp lane
ill
Superstar
The 60% drop in net income is short term and means close to nothing to the overall long-term financial health of GS. They underperformed because they had too much global exposure, M&A decreased with the stagnant economy and their underwriting business was slow af because equity deals took a pause with the shytty economy. Most of this is cyclical and will turn around for GS especially with a recovering economy.
The point you were trying to make was that the Aramco IPO going to JPM hurt GS today. It didn't. The market spoke and GS actually outperformed JPM on the market today.
you know everyone can read right?
you said they tanked today
they did not tank today
it's really that simple
you know no one is buying you, right?
there is a reason why you keep winning WOAT, you keep that right?
There is a reason why they considered renaming WOAT after you...it's because no one is buying you, when you pretend to know stuff,
EVERYONE SEES THROUGH YOU,
