Over the past year, an equal-weighted portfolio of these 50 fintech names would have delivered a share price return of 86% (in US$ terms). The next two most important countries are Brazil and India; the latter's market cap weighting is likely to incr...
Transcapitalbank (TRACAP) announced a consent solicitation in respect of its September 2020 bond on 27 May. The lender isseeking to amend the terms of this short-dated security to allow for its treatment as Basel III Tier 1 capital. In 2015, the term...
Metinvest’s yield curve shifted up considerably after its sister company DTEK Energy announced a debt restructuring. Moody’s cited the ‘now very high probability’ of debt restructuring, distressed exchange or default for the move. Fitch estimates tha...
Stuart Culverhouse @ Tellimer Research 9 April 2020
Oleg Tinkov, founder of Tinkoff Bank/TCS Group (AKBHC) has stepped down as Chairman of the Bank's board. TCS Group has stated that Oleg Tinkov ‘remains the ultimate beneficiary of his holding’. In previous disclosures, TCS Group also stated that head...
The US Department of Justice (DoJ) haspublished details of the indictment against Oleg Tinkov, the founder of TCS Group/Tinkoff Group, and its largest single shareholder. In summary, this could be costly for Tinkov – but US authorities will need to s...
The AKBHC 9.25% Perp is down more than 3ppts off the highs and is over 200bp off the tights. The TCS Group security is now quoted wider than the Sovcombank perp, even though it is callable almost three years earlier. The next hearing is scheduled to ...
Tinkoff Bank JSC offers online banking services. The Company provides credit and debit card, cash loans, retail deposits, insurance, and consumer lending services. Tinkoff Bank serves customers in Russia.
Fixed Income - Corporate
TCS Group Holding PLC