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As well as firm updates, we occasionally provide commentary on securities, credits and markets that we are active in.

 

2019 02 - New Represenative office in Sao Paolo, Brazil

Its with great pleasure that we introduce Cesar Martinez to the Southey Capital team, Cesar prviously worked at Haitong in Sao Paolo, Brazil.  The Brazilian market and wider LATAM space has a huge number of distressed credits and we can see a bright future for our services in the region.
 

2019 02 - Offer to holders of SNS Bank and SNS REAAL 

Southey Capital has launched at the beginign of February 2019 an offer to SNS Bank and SNS REAAL holders of the expropriated notes. We have confirmations that the securities are moveable within Clearstream and will assist anny holders looking to move sell them if they encounter issues with their current custodian.


2018 10 - Renewed offer to holders of EEA Life Settelments Fund 

Following on from the success of the last Tender Offer we have updated pricing and per the 2018 10 NAV's from EEA Life are looing to purchase more shares from holders that are seeking liquidity. More details araveilable here: https://southeycapital.com/EEAinvestors/


2018 05 - Update on EEA Life Settelments voluntary Offer and update on EEA

At the begining of the year, Southey Capital offered investors via voluntary tender a process to sell their shares in the EEA Life Settlements Fund, settlement of those shares is now in progress. The fund itself has had a difficult start to the year with a substantial differnce in maturities, from plan. We expect further reductions/writedowns during the year if maturities lag, and corresponding reduction in NAV.


2017 10 - Noble's Next Battle Will be Over $3bn in Debt

Bloomberg reported the ongoing struggles of Noble Group to cope with its Debt burden of c. $3bn, in the near term, quoting Southey Capital on our view of Noble to manage asset sales and short term cashflow.

https://www.bloomberg.com/news/articles/2017-10-23/noble-debt-battle-looms-after-troubled-trader-sells-oil-business


2017 05 - Rickmers Holding/Maritime

In Tradewinds most recent update on Rickmers Maritime, Southey Capital was quoted in relation to the restructuring of the Trust's bonds in Singapore and Germany and recent trading prices.
http://www.tradewindsnews.com/finance/1252405/investors-dumping-rickmers-holding-bonds


2017 02 - Hanjin Shipping
In Tradewinds most recent update on Hanjin shipping we re-interated that a liquidation of the Hanjin would most likely see no change in the secondary market price of claims.

http://www.tradewindsnews.com/liner/1214946/hanjin-debt-price-should-not-change


2016 09 - Hanjin Shipping 

Tradewinds quoted Southey Capital in regards to our recovery estimates to creditors of Hanjin Shipping, potential creditors only have a limited amount of time to file a claim, but recovories could be low. 

http://www.tradewindsnews.com/finance/776402/hanjin-creditors-could-recover-35-percent-of-secured-claims


2016 06 - EEA Fund Management updated Q&A

EEA Fund Mangement, the fund group behind EEA Life Settlements Fund, has published an updated Q&A. Southey Capital is making a market in the shares of the company on behalf of clients. 

http://www.eeafmg.gg/wp-content/uploads/Key-Questions-10-June-16.pdf


2016 06 - Southey Capital is Passported Out across EEA

Southey Capital has expanded its regulatory footprint by being granted Passport status in major EU countries including Germany, Austria, Netherlands, France, Italy and Luxembourg, to name but a few. 
https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000yg1QLAAY#PanelShPo_PassportOut

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