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Tri Polyta
Tri Polyta is an insolvent Indonesian chemicals manufacturer, which has acquired notoriety in Indonesian investment circles because of its default on a large 1996 bond issue and its success in persuading a court in Indonesia to protect it from the enforcement of its bond obligations. Tri Polyta (formally ''PT Tri Polyta Indonesia Tbk'') brought a lawsuit in the district court of Serang, naming ninety-seven defendants, including AIM Capital Management, Houston, Texas; Cargill Financial Services Corp., Minnetonka, Minn.; Invista Capital Management, Des Moines, Iowa; BNP Paribas Asset Management, New York; Oaktree Capital Management, Los Angeles, Calif.; Cerberus Capital Management, New York; Euroclear, Brussels, Belgium and Millennium Partners, New York. It argued that it had been induced by the machinations of the defendants into entering into an underwriting Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chemical Manufacturing
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. The plastics industry contains some overlap, as some chemical companies produce plastics as well as chemicals. Various professionals are involved in the chemical industry including chemical engineers, chemists and lab technicians. History Although chemicals were made and used throughout history, the birth of the heavy chemical industry (production of chemicals in large quantities for a variety of uses) coincided with the beginnings of the Industrial Revolution. Industrial Revolution One of the first chemicals to be produced in large amounts through industrial processes was sulfuric acid. In 1736 pharmacist Joshua Ward developed a process for its production that involved heating saltpeter, allowing the sulfur to oxidize and combine with wate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond Issue
In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind secure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serang
Serang ( id, Kota Serang, , Sundanese: ) is a city and the capital of Banten province and was formerly also the administrative center of Serang Regency in Indonesia (the Regency's capital is now at Baros). The city is located towards the north of Banten province, on the island of Java. Before Banten province was formed in 2000 Serang was part of West Java province. Serang has a tropical rainforest climate, with no dry season month. It faces the Java Sea, which is home to Thousand Islands. Serang had a population of 576,961 in the 2010 census, making it the third most populous city in the province of Banten. The 2020 Census gave a total of 692,101. Serang is located approximately 15 km from the border of Jabodetabek and sometimes considered as amalgamated with the Greater Jakarta. Culture Religion The majority of people in Serang and Banten Province embrace Islam, but other religions coexist peacefully. Serang is often known as "'' kota santri''" or the "city of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cargill
Cargill, Incorporated, is a Privately held company, privately held American global food corporation based in Minnetonka, Minnesota, Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson Corporation, McKesson and ahead of AT&T. Cargill has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations. Some of Cargill's major businesses are trading, purchasing and distributing cereal, grain and other agricultural commodity, commodities, such as palm oil; trading in energy, steel and transport; raising of livestock and production of fodder, feed; and producing food ingredients such as starch and glucose syrup, vegetable oil, vegetable oils and fats for application in processed foods and industrial use. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNP Paribas
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the group's parent entity is BNP Paribas S.A. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, while it also included in the French CAC 40 index. BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world, essentially a bulge bracket. It became one of the five largest banks in the world following the 2008 financial crisis. Despite some legal difficulties in 2014, including being fined the largest ever ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oaktree Capital Management
Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. As of March 31, 2022, the company managed $164 billion for its clientele. The firm was co-founded in 1995 by a group that had formerly worked together at the TCW Group starting in the 1980s. On April 12, 2012, Oaktree Capital Group LLC became listed on the . On March 13, 2019, Canada's Brookfield Asset Management announced that it had agreed to buy 62% of Oaktree Capital Management for approximately $4.7 billion. Firm overview The firm is based in Los Angeles, and has over 1,000 employees in offices in 19 cities worldwide (Los Angeles; London; New York City; Hong Kong; Stamford, Connecticut, Tokyo, Luxembourg, Paris, Frankfurt, Singapore, Seoul, Beijing; Amsterdam; Dubai; Houston, Helsinki, Dublin, Shanghai and Sydney). The company's co-chairman, Howard Marks, is known in the investment community for his letters to investors. Since its formation in 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cerberus Capital Management
Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director. The firm has affiliate and advisory offices in the United States, Europe and Asia. Cerberus has around US$55 billion under management in funds and accounts. The company is a U.S. Securities and Exchange Commission Registered Investment Adviser. Investors include government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds. History Cerberus is named after the mythological three-headed dog that guarded the gates of Hell. Feinberg has stated that while the Cerberu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear
Euroclear is a Belgium-based financial services company that specializes in the settlement of securities transactions, as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settle trades on the then developing eurobond market. It is one of two European international central securities depositories (Clearstream being the other). Activity Euroclear settles domestic and international securities transactions, covering bonds, equities, derivatives, and investment funds. Euroclear provides securities services to financial institutions located in more than 90 countries. In addition to its role as an international central securities depository (ICSD), Euroclear also acts as the central securities depository (CSD) for Belgian, Dutch, Finnish, French, Irish, Swedish, and UK securities. Euroclear also owns EMXCo, the UK's leading provider of investment-fund order routing. Retail investors are able to have direct acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underwriting
Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. History The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose. Securities underwriting In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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