Europes StartUps Turn to Increasingly Complex Debt Deals as Cash Dries Up

European VCbacked firms turn to complex convertible debt Convertible issuance in Europe hit recordhigh last year Startups want to avoid lowering public valuations Debt adds to risks for founders if markets do not recover LONDON, March 18 Reuters European venture capitalbacked companies are signing up to increasingly complex convertible debt deals which risk giving investors […]
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Aviva Sells Singlife Joint Venture Stake for 1.2 bln

LONDON, March 18 Reuters Aviva has completed the sale of its stake in Singapore Life Holdings, plus two debt instruments, for a combined 937 million pounds 1.19 billion, the British insurer said in a statement on Monday. Aviva announced in September that its 25.9 stake and the two debt instruments would be sold to Sumitomo Life. The sale […]
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Julius Baer Cuts 2023 Executive Bonuses after Signa Losses

ZURICH, March 18 Reuters Julius Baer cut 2023 bonus payments to its now departed chief executive and other senior managers in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa. Total compensation for Philipp Rickenbacher, who stepped down as CEO last month, fell to 1.7 million Swiss francs […]
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Logitech CFO to Step Down in May, Shares Fall

March 18 Reuters Logitech said on Monday its chief financial officer Charles Boynton will leave the company in May. The Swiss company said Boyton is leaving for a new career opportunity and that his successor would be announced later. Boynton has been in the position for 1.5 years, while Logitech39;s new CEO Hanneke Faber joined the […]
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Dollar Steady, Yen Wavers as BOJ Policy Shift Beckons

SINGAPORE, March 18 Reuters The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects. Apart from Japan and the United States, central banks in England, […]
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