The bidders of suburbia

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€5.9bn Dutch green bond deemed ‘expensive’

first_imgDutch asset managers APG and PGGM are among the investors who snapped up the eagerly anticipated green bond issued by the Netherlands yesterday.The €3.8bn pension fund for public transport, SPOV, and fiduciary manager Cardano also bought into the new bond, which raised €5.9bn from investors in total. It was the first green bond to be issued by a AAA-rated sovereign.However, MN, the €135bn asset manager for the metal and engineering sector schemes PMT and PME, backtracked from its initial subscription for €200m, as it deemed the bond too expensive.Blue Sky Group, the asset manager for the KLM pension funds, said it hadn’t subscribed as the green bond didn’t match its ESG criteria or the passive investment strategy of its clients. One third of the €5.9bn raised was allocated to pension funds and insurers. Investors subscribed for €21bn in total.At the start of the auction, the Dutch State Treasury Agency offered 18-21 basis points above 10-year German government bonds, but reduced this to 18bps when it became clear how much interest investors were showing.Netherlands green bond: Who bought it?Chart MakerAPG was allocated €247.5m in total, €171m of which went to its main client, civil service scheme ABP. Its other clients – the sector schemes for the building industry (BpfBouw) and housing associations (SPW), as well as its own staff scheme PPF APG – were allocated €47m, €29m and €0.5m, respectively.APG said it had subscribed for €500m at various price levels. At 2018-end, the manager had €5.5bn worth of green bond holdings, including government bonds from France, Belgium and Ireland.PGGM was allocated €82.5m for the €213bn healthcare scheme PFZW and €1m for its separate government bond fund.APG and PGGM were allocated an additional 10% each, as the Treasury Agency classified them as “green investors”, eligible for preferential treatment.ABP has targeted €58bn of investments to be in line with the UN’s Sustainable Development Goals by 2020, while PGGM aims to achieve €20bn of impact investments by then.Both asset managers indicated that the price and return of the Dutch green bond were at a par with regular government bonds.SPOV obtained the €11m it subscribed for, while Cardano was allocated €70m for its pension fund clients.Rik Klerkx, head of Cardano’s LDI team, said the green bond was attractive, despite its yield of 0.557%.“This is higher than the return on German government bonds,” he said. A 10-year German bund yielded -0.7% as of this morning, according to Bloomberg.Netherlands green bond: Geographical distributionChart MakerThe Dutch government is to use the bond’s proceeds for sustainable projects, including the generation of clean energy, increasing the energy efficiency of housing, improving flood defences and encouraging clean transport.Among its concrete plans is the construction of a guarded bicycle shed near Utrecht Central Station offering space for 12,500 bicycles.Wopke Hoekstra, the Dutch finance minister, has said that the government would reopen the bond to new investments in the years ahead to improve its liquidity, with an eventual target of €10bn.last_img read more

County Champs

first_imgCongratulations to the Jac-Cen-Del Lady Eagles and South Ripley Raiders for winning the Ripley County Basketball Championship.  The Lady Eagles defeated the Lady Bulldogs and the Raiders also defeated the Bulldogs to win.In the individual categories Lily Simon of JCD was named the MVP.  For the men, Elijah Roepke of South Ripley took home the MVP title.  Good job by both winning squads.Thanks to all the fans who came out to cheer for their teams.last_img

Poyet no fan of video technology

first_img “The Sunderland defender was dismissed in the game against Manchester United on Saturday 28 February 2015 for denying an obvious goalscoring opportunity. Therefore, his one-match suspension has been withdrawn with immediate effect.” Poyet was understandably delighted to see common sense prevail ahead of a game which could have a major say in how the remainder of the club’s season pans out. He said: “I am very, very pleased. It’s the way that we all like to live, by the rules. Sometimes the rules are not very clear, but we try to understand the rules, like anyone else. “But this one was very clear, so I am pleased that everything finished well, so thanks to everybody, especially the club. They did a very good job in those hours over the weekend when you are supposed to be relaxing. “It’s good news as well. In a very important game tomorrow, we need Wes.” Sunderland head for Humberside without a win in four attempts in the Barclays Premier League and sitting uncomfortably just three points clear of the drop zone in 16th place. Poyet, who guided the Black Cats to a remarkable escape last season, has no intention of having to repeat those heroics this time around, and has challenged his players to make the most of the clash with the Tigers and the home game against struggling Aston Villa which follows it on March 14. He said: “It’s up to us. The next two games will mark what is going to happen at the end of the season, and it’s up to us to go and win both of them and then put some space between us and the bottom three. “You can’t always rely on the other results going for you. That’s not the way to look forward.” Press Association Sunderland head coach Gus Poyet fears video technology would make football “boring” despite seeing defender Wes Brown cleared of a red card offence. However, Poyet is not in favour of the introduction of replays in games, which might have spared his team from having to play the final 25 minutes at Old Trafford with only 10 men. He said: “Football is so nice because there are issues and there are ways of dealing with these situations, and we can comment and we can talk about it. “If football becomes mathematics, like everything is going to be perfection, I think it’s going to be a bit more boring, that’s my opinion. “Even then, there are going to be controversies somehow because I remember the Jozy Altidore penalty at Chelsea last year – I was listening to the television and the two pundits on TV were not agreeing after watching five replays, so how long are you going to delay a game? How many hours is a difficult game going to last? “Is that what we want, really? Me, no. Maybe I am a little bit old-fashioned. Goals are so important that it’s something that’s very nice now with the technology, but the rest, I would leave it like it is. “I know others want technology, but I am sure that if the technology goes against them five times in a row, they are not going to be very happy.” Confirmation of Brown’s successful appeal came from the Football Association minutes before Poyet conducted his pre-match press conference ahead of the vital trip to the KC Stadium. A statement read: “An independent regulatory commission has today upheld a claim of wrongful dismissal in relation to Wes Brown. A review of footage of the incident which saw the 35-year-old sent off for a challenge on striker Radamel Falcao at Manchester United on Saturday prompted an independent regulatory commission to overturn match referee Roger East’s decision on Monday afternoon, leaving Brown free to face Hull on Tuesday evening. Team-mate John O’Shea, whose intervention looked to have felled the United frontman, also escaped punishment. last_img read more

Guyana to open Centrobasket U-17 Championship against Bahamas today

first_imgGUYANA will open their campaign at this year’s Centrobasket U-17 Championship in the Dominican Republic against Caribbean Champions Bahamas, in a rematch of last year’s Caribbean Basketball Confederation (CBC) U-16 final at 13:00hrs.The Bahamas, considered the best basketball nation in the Caribbean, defeated Guyana by 27 points (84-57) when the two met at the Cliff Anderson Sports Hall on July 10, 2016.“We think that the only way that we could compete is by being aggressive on the defence,” head coach Lugard Mohan told the media prior to the team’s departure for Santa Domingo yesterday.“We did what we could with the time we had. Our preparation was based on conditioning, defensive mentality; that’s our game plan basically. I think we’re going to be at a disadvantage in terms of height, so that’s why we focused on our aggressiveness,” said Mohan.Distinctly, Guyana will be undersized in comparison with the other teams in the tournament, especially those in their group (Bahamas, Mexico and Puerto Rico).Asked how prepared, especially mentally, is the team, given the fact that they understand that they’re going to be outmatched with regard to height, Mohan noted, “I think we’re 50% there and that’s one of the things we have to work on, and that’s a work in progress. So when we get over to the Dominican Republic, we’re going to be looking at the last scrimmage against Colts which would have been a good test for some of the teams we’re going to be facing in the tournament.”Mohan still stressed that Guyana would’ve been better equipped if they had the services of Jordan Alphonso, who played an important role in the team’s success at the CBC tournament last year, but, stressed that the players are prepared to work extra hard to achieve their goal.Apart from wanting to finish in the top three of the Centrobasket tournament and qualify for the FIBA U-18 tournament next year, Mohan opined that “the biggest take from the tournament is development”.“Once you’re in basketball, you’re always a student, so development will be the biggest take from competing at the tournament,” said Mohan.After today’s game against the Bahamas, Guyana will face Puerto Rico tomorrow at 15:00hrs, and then close off their group-play against Mexico on Friday July 28 at 15:00hrs.Teams will play in round-robin format for three days, after which, the top two teams from each group will advance to the next phase, where the first-place team of Group A will oppose the second-place in Group B and vice versa.The winners of the semifinals will advance to the ‘gold medal match’, while the losers will play for the bronze of the continental event.The top three teams from the tournament will qualify to the FIBA U-18 Americas Championship 2018, to be played in St Catharines, Canada, June 11-17, 2018.Nigel Bowen, Tramine Brown, Kelmar Carmichael, Akeem Crandon, Shamar France, Roydon Glasgow, Jether Harris, Andrew Johnson, Jermaine King, Kevon Wiggins, Anthony Yanson and Jahleel Young are members of Team Guyana, with Mohan being assisted by US-based Kenneth Avent.last_img read more

Many USC athletic achievements unseen

first_imgMatt Barkley. Dwight Lewis. Jennifer Song.These are students known for their athletic talents. They get recognized with scholarships and accolades. You’ve even read about them in this space.But it’s been a goal here at “Spittin’ Sports” to draw your attention to some of the lesser known but equally talented athletes on campus. Today, I would like to do that again by recognizing a group that gets no scholarships, MVP awards or national championships.You, the student body.I see you every day dodging bicycles, skateboards, tractors, bobcats, caterpillars, motorized scooters, buses and Department of Public Safety cars. Patches O’Houlihan would be proud.It’s incredible. I’ve seen students walk out of Taper Hall at 11:50 a.m. onto Trousdale Parkway, look to the left at the herd of wildebeests on bikes and skateboards approaching and do a better buttonhook than Ronald Johnson. I’ve seen students execute spin moves on bikes that would make Joe McKnight blush.It’s a fact — Trojans are inherently athletic. It’s in the Trojan Family’s blood. Freshmen just learning how to walk around campus possess the jab step right, go-left maneuver and have perfected the hesitation move to open up space down the lane.But it’s not just the walkers who possess all the talent. The bikers and skateboarders deserve some kudos too. Before I came to USC, I wasn’t aware that every competitor in the Summer X Games attends this school.How else do you explain how the 10,000 students trying to get to their 2 p.m. class arrive without injury (mostly)? Students on beach cruisers have the quickest reaction time this side of the star-nosed mole (fastest reaction time of any animal, Google it). Without even paying attention, the beach cruiser-ites can apply the brakes at a moment’s notice as a faster and more agile mountain biker cuts in front of them at the last possible second.What’s more remarkable is that despite everything that is thrown into the bikers’ paths, they still manage to hold a conversation. The other day, my buddy Edd and I were separated by two bikers, a skateboarder and a USC Hospitality mobile, and our conversation remained unfazed.The skateboarders are equally as quick and sporty. You think the sidewalks around campus and on University Avenue are smooth sailing? You must not be a skateboarder then. Every crack and uneven surface presents an obstacle for the riders of the four-wheeled device. Instantaneously, they must decide to channel their inner Bode Miller and go around it by imagining every walker turned into a slalom gate or jump over it à la Tony Hawk.Many of these bikers and boarders have more cajones than Evel Knievel. Riding at high speeds and in crowded areas, they cruise along with no helmet and little regard for the unfortunate soul who happens to cross their path. The worst mistake USC ever made was putting the medical school across town.Despite all these fast-twitch muscle fibers roaming Child’s Way, inevitably there are students more athletic (or stupid) than others. This results in some of the best crashes not caused by Tony Stewart. Sitting in front of the Catholic Center for an hour in the middle of a weekday is like lying on the sand in Tahiti staring at the stars. It’s almost guaranteed you’ll see what you’re looking for.Even some of the highly rated recruits and avid readers of the “How To Get Around USC” playbook find themselves on the ground every now and then. But what keeps those students upright more than others are a few careful techniques that can only be picked up by years of training and experience.Those practices involve drafting — the act of following another rider to decrease the effort exerted but more importantly using the person in front as a battering ram; field vision — the act of keeping your head on a swivel but never making eye contact with the student approaching you; and knowledge of the course — taking the back roads to get to your destination.It has been rumored recently that DPS and the university are thinking about removing bikes from campus and forcing students to park them on the outskirts. I think this is the worst idea since O.J. Mayo. Doing so would prevent students from displaying their natural athletic gifts on a daily basis and would remove much of the fun that is involved in getting to and from class.Given all this talent, there is still one enemy the student body just hasn’t figured out how to beat. It hits the students in the head, causes them to swerve into curbs, grabs their backpack as their skateboard keeps going and ends up broken at least once a week, probably because of the frustration of a student who just barged right through it.Someday, students will learn to dodge the yellow gate.“Spittin’ Sports” runs Wednesdays. To comment on this article, visit dailytrojan.com or e-mail Kenny at klegan23@gmail.com.last_img read more

Aduriz leads Bilbao to 4-0 Super Cup win over Barcelona

first_imgBarcelona’s hopes of claiming a record-equalling six trophies in 2015 look to be in tatters after they were thrashed 4-0 by brilliant Athletic Bilbao in the first leg of the Spanish Supercopa, with Aritz Aduriz netting a hat-trick.Barca made it four trophies out of four on Tuesday night when they beat Sevilla 5-4 after extra-time to win a thrilling Uefa Super Cup, but they were brought crashing back to earth in stunning style at San Mamés.Mikel San José’s breathtaking goal from inside the centre circle gave Athletic a half-time lead and then Aduriz scored three times in 15 second-half minutes to all but settle the Supercopa ahead of Monday’s return leg at the Nou Camp.Perhaps concerned about fatigue following his side’s midweek efforts in Tbilisi, Barça boss Luis Enrique made five changes to his starting line-up at San Mamés with Pedro – the Manchester United transfer target who scored the Super Cup winner after coming off the bench – one of those being drafted in.However, it was the Athletic defender San José who stole all of the attention in the first half with a brilliant 50-yard strike to put the Basque side, who lost 3-1 to Barça in May’s Copa del Rey final, ahead. The Barcelona goalkeeper Marc-André ter Stegen came out of his area to meet a long punt forward by his opposite number, Gorka Iraizoz, but the German’s header went straight to San José who, from near the halfway line, brought the ball down before smashing his shot over Ter Stegen and into an empty net.That was enough to give the hosts the lead at the break, although they were also indebted to a brilliant one-handed save from Iraizoz on the stroke of half-time to keep out Lionel Messi’s free-kick as it curled towards the top corner.Barça, again without Neymar because of illness, picked up where they left off after half-time with Pedro smashing a shot against the crossbar in the 50th minute, before Messi drew another fine stop out of Iraizoz moments later.With his side on top, Enrique went for the jugular by sending on Andrés Iniesta for Rafinha, but the Spain star had been on the pitch barely 60 seconds when Athletic made it 2-0. Sabin Merino sent in a cross from the left and Aduriz climbed above Javier Mascherano to send a thumping header into the roof of the net.Enrique responded by replacing Sergi Roberto with Ivan Rakitic, but the Croatia schemer could not stem the tide and Aduriz added his second in the 62nd minute when he controlled a pass from Markel Susaeta on his chest before swivelling to send a right-footed shot past Ter Stegen. That made it 3-0 but Athletic were not done yet and Aduriz completed his hat-trick in the 68th minute from the penalty spot after Dani Alves had been penalised from climbing on San José inside the box.That consigned Barca to their joint-heaviest defeat in over a decade and has left them needing a miracle to keep alive their chances of matching the record-breaking sextet of trophies won by Pep Guardiola’s side in 2009. “We lost, but nothing is over yet,” Barcelona midfielder Javier Mascherano said. “We still have a game at home, and we have won many games by a big score, although it will be difficult.”–last_img read more

Caris LeVert injury update: Nets G (foot) could return before All-Star break, report says

first_imgCaris LeVert is making a quick recovery.The Nets guard will return to five-on-five practice soon, according to an ESPN report. He could even return to the lineup before the All-Star break, the report stated, citing unidentified league sources. LeVert was averaging 18.4 points, 4.3 rebounds and 3.7 assists before the injury. The third-year player started in all 14 games he played and shot 47.5 percent from the field and 31.1 percent from 3-point range. NBA All-Star 2019: Nets guard D’Angelo Russell replaces injured Victor Oladipo The Nets have had two big winning streaks in LeVert’s absence and sit 28-26 entering Monday’s game against the Bucks, currently the top team in the Eastern Conference.Brooklyn is sixth in the East, 11.6 games behind the Bucks.center_img Spencer Dinwiddie injury update: Nets guard to have surgery on thumb, report says Brooklyn’s Caris LeVert (foot) will return to five on five practice soon and there’s optimism the gifted guard can return to Nets lineup prior to the All-Star Break, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) February 4, 2019LeVert dislocated his foot in a contest against the Timberwolves in mid-November. He had to be taken off the court in a stretcher. It was later determined LeVert would not need surgery and was expected to return some time this season.He started doing on-court work with the team in December and participated in a shootaround in mid-January. Related Newslast_img read more

Cowboys COO on coach Jason Garrett: ‘Everybody’s back is against the wall right now’

first_imgStephen Jones wants the Cowboys to “take the next step.”Jason Garrett is entering the final year of his contract and Jones, the team’s vice president and chief operating officer, addressed the coach’s future when he spoke with reporters Tuesday. “No one wants Jason to be around here for the long term more than the Jones family,” Jones said. “No one thinks more of him than we do. But at the same time … everybody’s back is against the wall right now.”The Cowboys have reached the postseason three times during Garrett’s eight full seasons with the team. They finished 2018 with a 10-6 record and advanced to the divisional round of the playoffs, where they fell to the Rams. Related News “We’ve got a really good young team,” Jones said. “We’ve got high expectations for this young team. And everybody, from Jason to his staff, to our players, to ownership, to the organization, feels the pressure to take the next step. Our fans deserve that.”Garrett has tallied a 77-59 record during his time with the Cowboys.center_img Cowboys DE Randy Gregory suspended indefinitely, report says NFL free agency: Cowboys will explore adding safety, Jerry Jones sayslast_img read more

College World Series finals 2019: TV schedule, scores for Vanderbilt vs. Michigan in NCAA baseball championship

first_imgSchool may be out, but there’s still a College World Series champion to determine.Vanderbilt and Michigan square off in the best-of-three series beginning Monday in Omaha, Neb., after both teams successfully navigated the 64-team, three-round tournament consisting of regionals, super regionals and the eight-team College World Series bracket at Omaha. MORE: Michigan puts Big Ten baseball back on the mapThis will be the Wolverines’ first time in the College World Series championship round since 1962 when they won the school’s second-ever national title. The Commodores won the NCAA title in 2014 and were the runner-up in 2015.Below is how you can watch the teams battle for the title, as well as results from the best-of-three series and how each team reached the championship.When is the College World Series finals? TV schedule for Vanderbilt vs. MichiganEvent: Game 3, 2019 College World Series championshipDate: Wednesday, June 26Time: 7 p.m. ETTV Channel: ESPNStream: Watch ESPNESPN has covered the entire tournament and continues to cover the championship series for the sixth straight year. Play-by-play man Karl Ravech and color commentators Eduardo Perez and Kyle Peterson have the call.College World Series 2019 schedule, scoresMonday, June 24Game 1: Michigan 7, Vanderbilt 4 Starting pitcher Tommy Henry is the highest draft pick on the team — No. 74 by Arizona. The Wolverines advanced to the championship round despite batting just .264 as a team in the regionals and super regionals, the worst among the eight teams that made it to Omaha.How did Vanderbilt reach the NCAA baseball finals?The Commodores are a traditional baseball powerhouse and have put together a dominant season that features a program-record 57 wins, including 33 of their past 35. Vanderbilt won its own Nashville regional and super regional rounds. Kumar Rocker pitched a 19-strikeout no-hitter in the super regionals, the first no-hitter in the 20-year history of super regionals. Vanderbilt then beat Louisville and Mississippi State to advance to the championship series.Vanderbilt has an SEC record-tying 13 players who were drafted, led by right fielder JJ Bleday, the No. 4 overall pick by Miami. The Commodores know how to hit after leading the SEC in average (.318), slugging (.525), on-base percentage (.418) and scoring (8.5 rpg). Third baseman Austin Martin led all players in the regionals and super regionals with a .410 batting average. Wednesday, June 26Game 3: Michigan vs. Vanderbilt7 p.m. ETESPNHow did Michigan reach the NCAA baseball finals?The Wolverines are definitely the Cinderella of this year’s tournament. Michigan was among the last four teams awarded an at-large bid for the 64-team NCAA Tournament. They won the Corvallis regional before upsetting top-seeded UCLA in the super regionals to advance to Omaha. The Wolverines beat both Florida State and Texas Tech in the College World Series.   Tuesday, June 25Game 2: Vanderbilt 4, Michigan 1last_img read more