99-6143 USAFSOC C-32B ne from Eglin AFB and on final for Bragg
WIDE32 USAF KC-135 tanker taking over for WIDE31 over Not AF1 Joe over Camp David
WIDE32 from Columbus WIDE21 from McGuire AFB NJ
SAM549 USAF G5 KAF AC of interdast south from JBA
morning
Russian AF RFF7198 Tupolev Tu-154 departed Belgrade, Serbia after an overnight and back to Moscow, Chkalovsky Airport
from May 20
Military exercise with Russia underway in Serbia
The Serbian Defence Ministry announced on 20 May that a joint training exercise of special units of the Serbian Armed Forces and the Russian Armed Forces, dubbed Joint Response 2021, was currently underway. The purpose of the exercise was to train units and command structures, exchange experience and convey knowledge and skills in the contemporary fight against terrorism. The training exercise consists of practicing tactical operations of special units on land, water and in the air, in counterterrorism, with armaments and equipment that is in use in the Serbian and Russian armies. A tactical exercise with live target practice will also be performed. Russia’s Defence Ministry also stated that a joint counterterrorism exercise of the Serbian and Russian militaries had begun in Serbia. The statement reads that special units of the two militaries are participating in the exercise, which will last until 25 May.
https://www.euractiv.com/section/politics/short_news/military-exercise-with-russia-underway-in-serbia/
Bitcoin falls 10% to $33,747, ether down 14%
Bitcoin dipped 10% to $33,747.21 at 1400 GMT (10 a.m. ET) on Sunday, losing $3,753.33 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 48% from the year’s high of $64,895.22 on April 14.
Ether, the coin linked to the ethereum blockchain network, dropped 14% to $1,973.96 on Sunday, losing $322.35 from its previous close.
https://www.reuters.com/article/crypto-currency-bitcoin/bitcoin-falls-10-to-33747-ether-down-14-idUSFWN2N814D
https://coinmarketcap.com/
Bondholders hire Rothschild to help oppose Dubai fund revamp
A group of creditors has hired financial adviser Rothschild and law firm Clifford Chance to help oppose the terms of a proposal by Dubai-listed Emirates REIT to exchange $400 million in Islamic bonds for new instruments, sources said.
Emirates REIT, a sharia-compliant real estate investment trust, last week offered to exchange unsecured Islamic bonds, or sukuk, for secured ones to bolster its balance sheet. A group of bondholders including local and international funds, as well as regional banks, and representing around 40% of the sukuk holders, met on Sunday to appoint advisers and prepare a counter offer, three sources familiar with the matter said.
The bondholders will revert to the company in the coming days to communicate their concerns and a committee of creditors plans to negotiate a better deal, one of the sources said, speaking anonymously due to commercial sensitivities. Rothschild and Clifford Chance declined to comment. REITs manage real estate assets that regularly generate profits, which are distributed to shareholders as dividends.
Emirates REIT’s business suffered after years of sluggish performance by Dubai’s real estate sector, which was exacerbated by the coronavirus outbreak. Last year, it appointed Houlihan Lokey to advise it on a strategic review. It plans to extend the existing bonds’ maturity to 2024 from 2022, as well as defer coupon payments for a year. Bondholders may instead try to re-set Emirates REIT’s management fees to improve cash flows, the three sources said. Emirates REIT is also asking bondholders to waive any past or ongoing dissolution events and breaches of transaction documents, without disclosing which, according to the sources and a copy of Emirates REIT’s consent solicitation request, which was seen by Reuters. Representatives of Equitativa, which manages Emirates REIT, and Houlihan Lokey reiterated on Sunday that the exchange offer was “investor-friendly” and that the new instruments would generate more market interest. “The company confirms that there is no past or currently subsisting event of default or dissolution. The proposed waiver language is customary when exchanging new certificates for old certificates,” the representatives said in a statement on Sunday.
https://www.reuters.com/article/emirates-reit-sukuk-restructuring/update-1-bondholders-hire-rothschild-to-help-oppose-dubai-fund-revamp-sources-idUSL2N2NA09P