Core Viewpoint - Koninklijke KPN N.V. has announced the indicative results of its tender offer for its £850,000,000 5.75% Notes due 2029, with a significant portion of the notes still outstanding [2][4]. Group 1: Tender Offer Details - The tender offer for the 2029 Notes was initiated on 3 February 2026, alongside an offer for £400,000,000 5.00% Notes due 2026 [3]. - As of the expiration deadline on 10 February 2026, valid tenders for the 2029 Notes amounted to £182,458,000 [5]. - The expected settlement date for the accepted notes is projected to be 13 February 2026, contingent upon the satisfaction of the New Financing Condition [7]. Group 2: Acceptance and Pricing - The company anticipates that the final acceptance amount for the 2029 Notes will be set at £182,458,000, with no proration expected [5][6]. - Pricing for the 2029 Notes Offer is scheduled to occur around 1:00 p.m. (Amsterdam time) on the same day as the announcement [6].

LONDON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- NOTICE TO THE HOLDERS OF: USD 500,000,000 FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP V ECAPS") ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING V LP ("LP V") ISIN: XS0301813522 LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP V ECAPS THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INT ...

LONDON, Feb. 03, 2026 (GLOBE NEWSWIRE) -- NOTICE TO THE HOLDERS OF: EUR 225,000,000 FIXED RATE TO CMS-LINKED GUARANTEED NON-VOTING, NON-CUMULATIVE PERPETUAL PREFERRED SECURITIES ("LP I Securities") ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING LP ("LP I") ISIN: XS0215349357 LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP I SECURITIES THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ...

01 事件概述 公司披露 2025 年年度业绩预告，公司预计 2025 年实现归母净利润 9.6-10.3 亿元，同比增长 41.9%-52.2% ，其中"资产处置收益"预计税前利润约 8.5 亿元；预计实现扣 非净利润 2.7-3.2 亿元，同比下降 52.8%-43.9% 。 02 分析判断 ► 资产 处置收益增厚表观利润 摩托车销售额同比下滑致经营利润承压 根据测算， 公司20 25Q4归母净利润中枢约为6.8亿元，同比+221.4%，环比+1223.5%，公司 扣非净利润中枢 约为0.15亿元，同比-87.6%，环比-64.3%。扣除非经常性 损益后的净利润同比下降，主要原因系报告期摩托车销售额同比下滑：根据中国摩托车商会数据，公司2025年摩托车累计销量38.6万辆，同比-12.3%，其中250cc+摩托 车累计销量11.4万辆，同比-10.5%。 ► 摩托车：产品定义能力持续提升 中大排摩托车出口增速稳健 产品端： 公司产品定义能力提升明显，2025H1公司推出赛800RS、追900等高端车型，一经上市便受追捧，鸿250CITY、鸿150S等运动踏板车型亦备受关注，展现了良 好 的大排量车型硬实力 ...

中航西飞&航发动力 20260202 摘要 军工板块基本面分化明显，传统内装赛道承压，个股表现差异大。长江 证券建议自下而上选股，关注企业第二成长曲线，如商业航天和海外算 力等。 广东宏大通过内生和外延发展成为军工集团，在先进弹药类高端装备出 海方面取得进展，传统民爆矿服业务订单充足，依托市场化机制，未来 发展前景值得期待。 商用大飞机及国产发动机板块是 2026 年军工板块的重要主题，C919、 长江 1,000 等项目将迎来产业信息发布或落地，利好中航西飞、航发动 力等公司。 军贸高端化破局对主机厂环节最为有利，包括中航沈飞、中航西飞和航 发动力。新加坡航空展和沙特世界防务展是推进我国高端武器装备出海 的重要窗口。 国产大飞机产业链核心配套商包括中航西飞、航发动力、中航机载、华 勤科技等，单机配套价值显著，为 C919 等项目提供关键支持，迎来加 速发展机遇。 Q&A 2026 年 2 月，长江证券军工组推荐的金股有哪些？其推荐理由是什么？ 广东宏大积极布局海外市场，跟随紫金矿业进行全球矿山开采，受益于 大宗商品和金价上涨，业务增长可期，市场化激励机制是其发展优势。 商业航天分为 S 链（海外链）和国内链 ...

Company Overview - VGP is a pan-European owner, manager, and developer of high-quality logistics and semi-industrial properties, as well as a provider of renewable energy solutions [3] - Founded in 1998 as a family-owned Belgian property developer in the Czech Republic, VGP now operates in 18 European countries with approximately 412 full-time employees [3] - As of June 2025, VGP's Gross Asset Value, including 100% joint ventures, was €8.3 billion, and the company had a Net Asset Value (EPRA NTA) of €2.6 billion [3] Tender Offer Details - The tender offer was announced on 8 January 2026, with a Final Acceptance Amount set at €100,000,000 [2] - The offer pertains to VGP's outstanding EUR 500,000,000 1.625% fixed-rate green bonds due 17 January 2027, of which €320,100,000 remained outstanding at the time of the offer launch [5] - The New Issue Condition has been satisfied, allowing bondholders to access further information through the tender results announcement available on VGP's website [2]

Core Viewpoint - Burford Capital plc has announced the early redemption of its £175,000,000 5.000% guaranteed bonds due 2026, with a repayment date set for January 30, 2026, indicating a strategic financial decision by the issuer [2][3]. Group 1: Bond Redemption Details - The issuer intends to redeem the full outstanding principal amount of the bonds on the specified repayment date [3]. - The redemption price will be the higher of 100% of the principal amount or a calculated amount based on the Gross Redemption Yield as determined by the Financial Adviser [4]. - The Financial Adviser appointed for this redemption is Allia C&C, and accrued but unpaid interest will also be paid on the repayment date [5]. Group 2: Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, involved in litigation finance, risk management, and legal advisory activities [7]. - The company is publicly traded on both the New York Stock Exchange and the London Stock Exchange, indicating its significant presence in the financial markets [7].

Group 1 - The issuer of the bonds is Tryg Forsikring A/S, with an ISIN of DK0030484621 and a new maturity date set for 26 February 2026 [2] - The settlement amount for the bonds is 1,011,106.44 SEK per SEK 1,000,000 nominal amount, which includes any arrears of interest [2] - Tryg Forsikring A/S has announced that it will exercise the Ordinary Call for all outstanding bonds at the Call Price on the Call Date [2][3] Group 2 - On the Call Date, the amount payable per bond will include the principal amount and accrued but unpaid interest, totaling SEK 11,106.44 per SEK 1,000,000 nominal amount [3] - Following the Ordinary Call and its settlement, there will be no bonds outstanding [3]

Company Overview - KNA Capital focuses on small-cap companies with economic moats and strong management teams, particularly those with limited analyst coverage [5][10] - Games Workshop, a UK company known for its Warhammer brand, is highlighted as a small-cap company with a strong niche market and a loyal customer base [16][18] Investment Philosophy - The investment strategy emphasizes identifying small-cap companies with high returns on invested capital, predictable cash flow, and strong management [10][11] - Todd Wenning discusses the importance of management quality in small-cap investments, noting that poor capital allocation can undermine potential growth [11][12] Industry Insights - The trucking industry is experiencing cyclical changes, with Old Dominion Freight Line identified as a strong player due to its network effects and operational efficiency [30][34] - Old Dominion Freight Line is the second-largest less-than-truckload (LTL) freight company in the US, benefiting from a well-established network and high on-time delivery rates [32][34] Market Trends - The podcast discusses the potential recovery in the industrial sector, with signs of improvement in trucking and related industries [46][44] - There are concerns regarding the impact of uninsured drivers on the insurance and salvage markets, particularly affecting companies like Copart [66][67] Financial Performance - Games Workshop is noted for its high profitability and strong cash position, with a focus on maintaining its niche market [27][28] - Copart is currently facing challenges but has a significant cash reserve of $5 billion, raising questions about future management decisions regarding capital allocation [68][70]

Summary of Rongtai Health Conference Call Company Overview - **Company**: Rongtai Health - **Industry**: Health and Wellness Equipment Key Points Financial Performance and Outlook - In Q3 2025, Rongtai Health's overall revenue remained stable compared to the previous year, but net profit decreased [3] - Domestic market performance was strong, driven by national subsidy policies, with an expected annual growth of 20% to 30% in domestic sales [3] - Overseas revenue is projected to decline slightly in double digits due to tariffs and consumer downgrading in the U.S. and Russia [3] - For 2026, the company aims for significant revenue and profit growth through product structure adjustments and enhanced overseas cooperation, targeting double-digit growth [2][20] Product Development and New Initiatives - The single-arm therapy robot project in collaboration with Meituan is in pilot testing in Shanghai, with the first store expected to operate by the end of 2025 [2][4] - The automotive seat business launched in early November 2025, with current monthly shipments around 10,000 units, expected to ramp up gradually [2][7] - The new massage chair model RT909,000 is planned for launch in the U.S. market in 2026, with a phased introduction in the domestic market [2][9] Market Strategy - The company plans to maintain a balance of high-end and mid-to-low-end products to compete effectively on e-commerce platforms [10] - Focus on the main brand while maintaining the current scale of the sub-brand "Meme Da," which has seen a decline in revenue [12] - The company is exploring partnerships and potential joint ventures to enhance market presence and operational efficiency [4][5] Investment and Financial Strategy - Rongtai Health has completed the conversion of its convertible bonds, resulting in a strong cash position without interest payment obligations [14] - The company is pursuing small equity investments and acquisitions, particularly in hard technology and domestic alternatives, to find a second growth curve [15][16] - Significant investments are planned for 2026, including the wood project and ongoing R&D for robotics and automotive seats [18] Challenges and Risks - The potential impact of the withdrawal of national subsidies on sales and competition dynamics is acknowledged, but the company remains optimistic about maintaining growth [13] - The company faces pressure to reduce costs from automotive manufacturers, which may affect profit margins as order volumes increase [8] Future Goals - Rongtai Health aims for double-digit growth in both revenue and profit in 2026, driven by new business segments and improved performance in core operations [20]