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Georgia Higher Education Facilities Authority Plans $229.6 Million Bond

Georgia Higher Education Facilities Authority plans to issue $229.6 million in revenue bonds for student housing improvements at University System of Georgia schools. The sale includes $190.5 million taxable Series 2026A bonds and $39.1 million tax-exempt Series 2026B bonds, with pricing on Dec. 16 and closing on Jan. 6. Bonds mature from 2027 to 2046, callable at par from Jan. 1, 2036. RBC Capital Markets and Wells Fargo Securities are underwriters, with an AA- rating from S&P Global Ratings.

MorningStar·
US
WFC
-0.42%
MorningStar·
US
WFC
-0.42%

BREAKINGVIEWS-Wells Fargo puts on a costly show for Netflix

Wells Fargo is providing $30 billion to finance Netflix's acquisition of Warner Bros Discovery's studios and HBO Max, a deal valued at $83 billion. This marks one of the largest single-lender IOUs, showcasing rising risk appetite and CEO Charles Scharf's ambition. Moelis is the lead financial advisor to Netflix, with Wells Fargo as an additional advisor.

Reuters·
US
NFLX
-2.89%
US
WBD
+6.28%
US
WFC
-0.42%
Reuters·
US
NFLX
-2.89%
US
WBD
+6.28%
US
WFC
-0.42%

What Will Stocks and the U.S. Dollar Do After Rate Cuts?

The Federal Reserve is expected to cut interest rates by 25 basis points, affecting stocks, the U.S. dollar, and bond markets. A weak dollar may impact non-American investors with U.S. assets. Financial firms like Wells Fargo and JPMorgan benefit from lower rates, while Canadian banks report strong results. Stock markets have partially priced in the rate cut, likely continuing their uptrend.

Baystreet·
US
JPM
-0.34%
US
WFC
-0.42%
Baystreet·
US
JPM
-0.34%
US
WFC
-0.42%

Ukraine's GDP warrant swap proposal likely to get "high take-up" - Citi

Ukraine's proposal to swap $2.6 billion in GDP warrants for new "C" bonds is seen as appealing by Citi, likely attracting many holders. This move is crucial for Ukraine to address debt default issues following Russia's invasion. A key creditor group is still in discussions and will issue a statement soon.

Reuters·
US
C
+1.01%
Reuters·
US
C
+1.01%

Citi appoints Minh Ngo as country officer and banking head for Vietnam

Citi has appointed Minh Ngo as the Citi Country Officer and Banking Head for Vietnam, marking the first time a Vietnamese national has held this position. Minh will lead Citi's strategy across all client segments and product lines in Vietnam, focusing on financial performance, strategic partnerships, and regulatory engagement. This appointment underscores Citi's commitment to Vietnam and the strategic importance of the Vietnamese market within Citi's Asia South cluster.

vnexpress·
US
C
+1.01%
vnexpress·
US
C
+1.01%
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