Nasdaq prices $500 million senior floating rate notes offering

September 22, 2017 12:53 PM
Exchange Shorts
B3 received assessment notice from the Brazilian Tax Authority questioning the 2012-2013 goodwill amortization for tax purposes that resulted from the acquisition of Bovespa Holding, totaling R$2.2 billion related to income tax and R$798 million related to social contribution, in both cases including fines and interest.
 
Deutsche Borse (DB1) resolved to cap executive Board remuneration at €9.5 million and is to already become effective for 2017 remuneration.
 
Nasdaq (NDAQ) priced a 0.39% $500 million Senior Floating Rate Note due 2019, to fund the eVestment acquisition.
 
LSE: FTSE Russell and the State Bank of India (SBI) launched the FTSE SBI Bond Index Series. The index series will act as a key benchmark for Indian debt for foreign investors looking to invest in the Indian debt market.
 
DB1: EEX is planning to launch a liquid milk future in 1H18.
 
HKEX published consultation papers, one on Capital Raising by Listed Issuers, and other on Delisting and other Rule Amendments.
 
Metropolitan SE of India (MSE) will reimburse clearing fee paid by its registered brokers to their clearing members.
 
ITG agreed with Option Technology to form Matrix Holding, a newly established derivatives execution and technology business. The venture, which is expected to launch in 1Q18, will be led by LiquidPoint founder and former CEO, Tony Saliba and will offer derivatives trading technology and execution services to broker-dealers, professional traders and hedge funds. ITG will hold a minority stake and will contribute the ITG Derivatives LLC broker-dealer and derivatives-focused software to create the Matrix Pro EMS/OMS.
 
SEC: U.S. Department of Homeland Security detected five “critical” cybersecurity weaknesses on the SEC's computers as of January 23, 2017.
 
EU-US Mifid II agreement to prevent new European rules from fragmenting global markets may take time and may be separated into two deals, one for cash trading and the other for derivatives, according to Financial Times.
 
India’s Government is planning to the raise cap on foreign portfolio investments by $5 billion to $10 billion so that to allow foreign investors to increase purchases of corporate debt. According to Bloomberg.
About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.