Monthly Archives: May 2018

Dallas Finance Company & Their Recent Business

A Finance Company and Their Placement Funds

NexBank Capital is a finance company based out of Dallas, Texas. The company issued a private placement of $54 million. Their placement is on a fixed-to-floating rate. The funds are specifically situated for affluent investors with interests in NexBank. NexBank says the proceeds will go towards “general corporate expenses.”

Proceeding the closing, NexBank accumulated a total of $283 million of debt and equity over the course of a year. NexBank Capital’s notes are non-redeemable for five years. The notes have a pre-set payback date of September 30, 2027. NexBank Capital has an interest rate of 6.375% for the first five years of the bond. After the five years, the interest is set at a floating rate that is adjusted according to the specific agreements in place. Proceeding that, there is a LIBOR of 458.5 points that lasts less than 6 months.

NexBank Capital’s notes are designated with a BBB rating. The notes also have a consistent classification with Kroll Bond Rating Agency. The classification is that of Tier 2, depending on capital regulations for the notes.

The closing of notes took place on September 19, 2017. The notes were provided by an afflicted placement agency called “Sandler O’Neill & Partners.”

More About NexBank

NexBank Capital is a finance company that assists their clientele for commercial banking, advisory services and mortgage banking. They operate through their subsidiaries. They work with brokers and dealers, advisors and investors. They founded their company in 1922, in Dallas, Texas.

NexBank currently contains $8.4 billion in assets. NexBank said their management team has experience and expertise in their industry. They aim to administer high-quality financial expertise to clients. The company is co-founded by James Dondero. He serves as the president of the company. Dondero stated that NexBank has a strong management team and years of leadership experience. NexBank believes in making efforts to benefit the company and generate success.

Category: Bank Industry

U.S. Money Reserve Explains Gold And Silver For 2018

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One ounce of gold is worth roughly $1,300, whereas one ounce of silver is currently about $16.60. Both are used in various products, including computers, through the primary reason people are crazy, crazy, crazy about gold and silver is that they’re used in all kinds of jewelry, spread all over the globe.

Obviously, the price of gold and silver – all precious metals, for that matter – change on a regular basis, even if it’s only a dollar at a time for gold, and ten cents at a time for silver.

So, what do the forecasts for silver and gold, respectively, look like for 2018? U.S. Money Reserve recently penned an article that contains just about everything one needs to know about where each is headed. Learn more about US Money Reserve: http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html

The Breakdown On Silver

HSBC thinks an ounce of silver will sell for just short of $18.00 by the end of 2018, whereas CIBC World Markets and Sharps Pixley largely agree. Goldman Sachs has one of the lowest professional estimates for the price of silver by the end of the year, staking a prediction of just $17.20 per ounce.

Either way, investors and other silver purchasers can expect the precious metal to hold true to its price throughout 2018, “if not steadily increase throughout the year,” says U.S. Money Reserve’s John Rothans. Read more: US Money Reserve | Twitter and US Money Reserve | Facebook

The supply of silver and how it’s likely to change in coming months isn’t clear. However, news of new silver deposits, no matter what country they’re in, should make the price of silver either hold or drop slightly.

And Here’s What’s Going On With Gold

When the U.S. Dollar is weak, gold is strong. When gold can be bought all throughout the world, it’s relatively strong. More money to spend due to globally higher incomes means gold is strong. According to U.S. Money Reserve, 2018 looks good for gold.

Goldman Sachs thinks, by December, gold will hit $1,375 per ounce; ABN AMRO says $1,400; and PRICE Futures Group makes one of the boldest predictions, foreseeing a $1,500 ounce.

About U.S. Money Reserve

U.S. Money Reserve has long been a top provider of precious metals, both United States official coins and blank bullion, around the United States. It is led by a former Director of the United States Mint, Mr. Philip N. Diehl.

Austin, Texas, is home to the headquarters of U.S. Reserve. The company has served over 400,000 happy clients throughout the years.

Category: Money