ribbon communications acquisition
(Bloomberg) -- Major oil sands producers in Western Canada will idle about half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.Canadian Natural Resources Ltd.’s plans to conduct 30 days of maintenance at its Horizon oil sands upgrader in April will curtail roughly 250,000 barrels a day of light synthetic crude output, company President Tim McKay said in an interview Thursday. Oil surged after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months ahead.Some key events to watch this week:The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the main moves in markets:StocksThe S&P 500 sank 1.3% at 4 p.m. New York time.The Stoxx Europe 600 Index fell 0.4%.The MSCI Asia Pacific Index dipped 2.5%.The MSCI Emerging Market Index declined 2.6%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.7%.The euro decreased 0.8% to $1.1971.The Japanese yen depreciated 0.8% to 107.92 per dollar.BondsThe yield on 10-year Treasuries rose six basis points to 1.54%.Germany’s 10-year yield fell two basis points to -0.31%.Britain’s 10-year yield decreased five basis points to 0.731%.CommoditiesWest Texas Intermediate crude jumped 4.8% to $64.24 a barrel.Gold fell 0.8% to $1,698.21 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Gold investors are anxious to see if Powell expresses concern about a recent volatile sell-off in Treasuries and his assessment of the economy. Dec 2, 2020 12:53AM EST. and ATLANTA, Dec. 2, 2020 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN) and American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) today announced that they have completed the previously announced acquisition of Kandy Communications (Kandy) by AVCT. The rate is down to 5% from 20%. ", McClelland added, "ECI's solutions are specifically designed to address the rapidly growing 5G ecosystem. “Ercot made an error and we don’t let errors slide.”The utility commission on Wednesday adopted a prior recommendation made by the market monitor, voting to to claw back some payments to power generators for services they never actually provided during energy crisis. Bitcoin (CRYPTO: BTC) may be headed for the $100,000 mark by the end of this month, according to Mike McGlone, a Bloomberg analyst. All rights reserved. AVCtechnologies Completes Strategic Acquisition of Ribbon’s Kandy Communications. Mortgage rates have risen past a psychological benchmark for the first time since they fell to historic lows during the pandemic. Investor RelationsMonica Gould+1 (212) 871-3927IR@rbbn.com, Lindsay Savarese+1 (212) 331-8417IR@rbbn.com, North America PressDennis Watson+1 (214) 695-2224dwatson@rbbn.com, International PressCatherine Berthier+1 (646) 741-1974cberthier@rbbn.com, Industry Analyst RelationsMichael Cooper+1 (708) 383-3387mcooper@rbbn.com, Logo - https://media.zenfs.com/en/prnewswire.com/8a4f94f6ec266091991714a9307628d5. That’s the level last seen in January 2020, two months before pandemic fears started prompting forced shutdowns in the U.S.Beyond rising nominal and breakeven rates, “the dynamic rise in the 10-year real, inflation-adjusted yield we’ve seen is the market partly adjusting to a faster-than-anticipated pace of rate normalization by the Fed,” he said.The timing of the Fed’s first rate hike, known as liftoff, and subsequent rate hikes haven’t been factored in, making Treasuries vulnerable to a further selloff in the weeks ahead, according to Heppenstall. Westford, Massachusetts 01886 AVCtechnologies Completes Strategic Acquisition of Ribbon's Kandy Communications. August 5, 2020 Atlanta, GA and Westford, MA – American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) and Ribbon Communications Inc. (NASDAQ:RBBN) today announced they have entered into a definitive agreement for AVCtechnologies to acquire Kandy Communications, an industry-leading proprietary, multi-tenant, highly scalable cloud communications platform, from Ribbon, in an all-stock … One analyst and some Twitter users pointed to a cryptic tweet by Ryan Cohen, a major shareholder of GameStop and founder of e-commerce firm Chewy.com, as a plausible reason for the move, although Reuters could not independently determine causation. An investor filed a lawsuit in Delaware federal court Thursday seeking to block Ribbon Communications Inc.'s proposed $456 million acquisition of … Ribbon Communications said it has agreed to acquire ECI Telecom for $454 million in cash and stock. The surge in Treasury yields has triggered fears about elevated stock valuations after a torrid equity rally from the depths of the pandemic. WESTFORD, Mass. To learn more, visit ribboncommunications.com. What Happened: McGlone, who previously ascribed a $50,000 plus level for the cryptocurrency, said in a March outlook report that if the Grayscale Bitcoin Trust (OTC: GBTC) closing at its steepest discount ever is an indicator, then it may “signal [Bitcoin’s] march to $100,000.” The Greyscale premium, a metric watched closely, ended February with a 2.7% discount. and ATLANTA, Dec. 2, 2020 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN) and American Virtual Cloud Technologies, Inc. … The chancellor introduced a small profits rate keeping the tax at 19% for businesses with profits of 50,000 pounds or less. Syncrude Canada Ltd. will curb 70,000 barrels a day during the quarter because of maintenance in a unit.The supply cuts out of Northern Alberta, following a surprise OPEC+ decision to not increase output next month, could add more support to the recent rally in crude prices. Read Next: 'Morons:' Crypto Enthusiasts Burn Banksy's Real Artwork To Turn It Into Digital Token See more from BenzingaClick here for options trades from BenzingaHow Square's Purchase of Jay Z's Tidal Could Popularize Blockchain'Morons:' Crypto Enthusiasts Burn Banksy's Real Artwork To Turn It Into Digital Token© 2021 Benzinga.com. EOG Resources Inc., the largest producer in the Permian, has announced a big spending increase for next year. Benzinga does not provide investment advice. ", "This transformational transaction accelerates our strategy to position the company into higher growth markets," said Daryl Raiford, Chief Financial Officer of Ribbon. European nations are piling into the market to finance a greener recovery from the pandemic.“Investors are still buying like there’s no tomorrow,” said Jens Peter Sorensen, chief analyst at Danske Bank A/S. “In 2020, the benchmark crypto gained legitimacy with declining volatility vs. the opposite in most assets. & SAN JOSE, Calif.-- (BUSINESS WIRE)-- Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in secure and intelligent cloud communications, today announced that it … In 2021, we see little to stop the process of old-guard gold allocators simply focusing on prudent diversification,” wrote the analyst. Today’s ADP Non-Farm Employment Change Report could move the gold market lower if the number comes in well above the 202K forecast. It’s the shale companies which are themselves changing. Ribbon Communications is a market-leading company that provides intelligent, secure, embedded real-time communications to many of the world’s largest service providers and enterprises. Although drilling has risen from the lows of 2020, it’s well below previous levels. It’s a win-win.”(Updates with sale and order sizes in second paragraph. While Ribbon may elect to update forward-looking statements at some point, Ribbon specifically disclaims any obligation to do so. The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties, including statements made by our president and chief executive officer and our chief financial officer; and statements regarding the expected benefits from the ECI merger, including but not limited to the potential growth into adjacent new markets, the increase in Ribbon's total addressable market, profitability and cash flow, and the introduction into the 5G market. Rises to 12,570 pounds and 50,270 pounds for the basic and higher thresholds will go ahead as planned next year.Sunak said he’d also freeze until April 2026 the inheritance tax thresholds, the lifetime allowance on pensions savings and the annual exempt amount in capital gains tax.From April 2022, the VAT registration threshold will also be frozen.There was also a “Super Deduction” sweetener to encourage companies to invest: For the next two years, companies that invest will be able to reduce their taxable profits by 130% of the amount they’ve invested.Alcohol and fuel duties were frozen.Leveling UpThere were several announcements that fed into the ruling Conservative Party’s “leveling up” mantra aimed at spreading prosperity nationwide:22 billion pounds of capital and loan guarantees to capitalize a new national infrastructure bank, with the aim of supporting 40 billion pounds of infrastructure investment. Investor sentiment toward the nation has improved following the appointment of former European Central Bank President Mario Draghi as Prime Minister this year, and its debt remains among the region’s highest-yielding assets.Europe is at the forefront of debt tied to more sustainable activities. The average rate on a 30-year fixed-rate mortgage increased to 3.02% this past week, according to Freddie Mac’s Primary Mortgage Market Survey—the first time since July that the rate has risen above 3%. McGlone also noted the increased replacement of Gold in portfolios with BTC. Vistra Corp. on Thursday submitted comments to the utility commission arguing against repricing. For the following six months, a discounted rate of 12.5% will apply.A three-month extension to the stamp duty holiday for the first 500,000 pounds of property sales. News Ribbon Communications and ECI Telecom Merger April 21, 2020. In addition, President Joe Biden is trying to temper the worst excesses of the industry, including the indiscriminate natural gas flaring that’s a byproduct of shale’s success.Under a different oil minister, Saudi Arabia attacked shale producers in 2014 and 2015, flooding the market and forcing prices lower -- a strategy that ultimately failed. Meanwhile, a market proxy for the anticipated annual inflation rate for the next half-decade exceeded 2.5% for the first time since 2008 -- aided by climbing oil prices. The Saudis are certain the American industry has reformed itself.If the prince is right, OPEC+ will be able to both push prices higher now and recover market share later without worrying that rivals in Texas, Oklahoma and North Dakota will flood the market. – Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in secure and intelligent cloud communications, today announced that it has closed the acquisition of Edgewater Networks, a market leader in Network Edge Orchestration for the distributed enterprise and … 4 Technology Park Drive, After a quick virtual meeting on Thursday, OPEC+ agreed to prolong its production cuts, defying expectations of an output hike. “The first step is we have to get our carbon footprint down.”After years of rising output turned Canada into the world’s fourth-largest crude producer, expansion projects have nearly halted on the heels of two market crashes since 2014.Adding to its struggles, Canada’s oil industry is being shunned by some investors such as Norway’s $1.3 trillion wealth fund amid concern that the higher carbon emissions associated with oil sands extraction will worsen climate change. Work on the Horizon upgrader coincides with maintenance at other cites.Suncor Energy Inc. plans a major overhaul of its U2 crude upgrader, cutting output by 130,000 barrels a day over the entire second quarter. WESTFORD, Mass. He outlined 65 billion pounds ($90 billion) of new Covid support, bringing the total since the crisis began to 352 billion pounds. The bank will be located in Leeds.5 billion pounds of grants worth up to 18,000 pounds each to help nearly 700,000 eligible businesses in the retail, hospitality, accommodation, leisure and personal-care sectors reopen.The Treasury and other government departments will set up a new campus in Darlington.Eight freeports were announced for East Midlands Airport, Felixstowe and Harwich, Humber, Liverpool City Region, Plymouth, Solent, Thames and Teesside.1 billion pounds of “Towns Deals” was announced for 45 locations.Funding in the budget of 1.2 billion pounds for the Scottish government, 740 million pounds for the Welsh government and 410 million pounds for the Northern Ireland executive.Other AnnouncementsSunak published an independent review into U.K. stock market listing rules as part of an effort to bolster the City of London post-Brexit.The world’s first sovereign green savings bond for retail investors. and Santander Bank, N.A., joint lead arrangers and bookrunners, provided the debt financing for the transaction. The European Union has sold a series of social bonds tied to a jobs program and is set to become the largest green debt issuer after its recovery fund sales get underway later this year.The Boom in ESG Shows No Signs of Slowing: Green InsightItaly published its framework for green bond issuance last week and said that it would align as much as possible with the EU’s green bond standard, due in the coming months. There will be a taper above that so that only companies with profits of 250,000 pounds or more pay the full rate.The tax treatment of losses will be more generous for the next two years, allowing companies to claim more tax refunds.From next year, the thresholds at which people start paying different levels of income tax will be frozen until April 2026. “Since reaching a low point in January, mortgage rates have risen by more than 30 basis points,” wrote Freddie Mac’s chief economist, in a release. AVCtechnologies Completes Strategic Acquisition of Ribbon's Kandy Communications Published. On Thursday, Kraken CEO Jesse Powell said that BTC could replace all of the world’s currencies and hit a million-dollar price target within the next ten years. Doing so could save end-customers around $1.5 billion that otherwise would be passed through to them from electricity providers, Bevins said.But power generators that reaped substantial profits from the high prices during the crisis week are likely to push back. Moody’s Investors Service downgraded Ercot one notch from A1 to Aa3 and revised the grid operator’s credit outlook to “negative.”Retroactively adjusting the power price would ease the financial squeeze on some of the companies facing astronomical power bills in the wake of the energy crisis. Then for three months, the holiday will apply to the first 250,000 pounds of a property purchase, before reverting to 125,000 pounds.TaxationThe chancellor also signaled there’s pain ahead as he tries to rein in a fiscal deficit that the Office for Budget Responsibility predicted will swell toward 355 billion pounds this tax year.“The amount we’ve borrowed is only comparable with the amount we borrowed during the two world wars,” Sunak said. “Sharp reductions in the GBTC premium have often marked bottoms in Bitcoin,” wrote McGlone. Sunak priced this measure at 6 billion pounds.A six-month extension in the temporary reduction of value-added tax for the hospitality and attractions sectors, which will now run through September. Syncrude Sweet Premium for April gained 60 cents on Thursday to $1.50 a barrel premium to WTI, the strongest price since May, NE2 Group data show.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. https://media.zenfs.com/en/prnewswire.com/8a4f94f6ec266091991714a9307628d5, Iceland expects "relatively small" lava eruption, minor disruption to air traffic, China’s CSI 300 Index Pares Losses as Investors Focus on NPC, Bollywood, streaming giants on edge as Amazon gets flak for hurting religious beliefs in India, Texas grid operator made $16 billion price error during winter storm, watchdog says, Texas grid operator made $16 bln price error during winter storm, watchdog says, Saudis Bet ‘Drill, Baby, Drill’ Over in Push for Pricier Oil, Nasdaq ends sharply lower after Powell comments. A fifth grant will also be paid, at a level that depends on the change in recipients’ turnover. Why It Matters: The Grayscale premium is a reference to the difference between the value of the holdings of GBTC versus the market price of its holdings. (978) 614-8100 For further information regarding risks and uncertainties associated with Ribbon's business, please refer to the "Risk Factors" section of Ribbon's most recent annual or quarterly report filed with the SEC. American Virtual Cloud Technologies, Inc. and Ribbon Communications Inc. announced they have entered into a definitive agreement for AVCtechnologies to acquire Kandy Communications, an industry-leading proprietary, multi-tenant, highly scalable cloud communications platform, from Ribbon, in an all-stock transaction. They have had their fair share of adventure and now they are listening to the call of their shareholders.”Shale executives agree with him -- at least for now.“A couple years ago it was ‘drill, baby, drill,’” John Hess, the head of Hess Corp., said in Houston earlier this week. OPEC+ had been debating whether to restore as much as 1.5 million barrels a day of output in April but decided to wait.The Saudi-led alliance closely monitors other major oil producers as it seeks to manage the entire global market, and surging production in North America was its biggest headache in recent years -- especially from U.S. shale but also from Canada.“The U.S., Saudi Arabia, Russia, Canada, Brazil and other well endowed countries with hydrocarbon reserves -- we need to work with each other, collaboratively,” Saudi Energy Minister Prince Abdulaziz bin Salman said after the group’s meeting on Thursday.Canada’s contribution to balancing the market with less production, much like slowing output in the U.S., is not a deliberate market-management strategy but significant nonetheless.Even though the output cuts are short-term, the battered oil-sands industry shouldn’t be a concern for the Saudis in the long run either, judging from McKay’s outlook for the industry.“I can’t see much growth in the oil sands happening because there is going to be less demand in the future,” he said. “We’ve never had any issue with shale oil. We deliver global communications software and network solutions to service providers, enterprises, and critical infrastructure sectors. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Here’s who’s set to benefit in 2021. Ribbon Communications Inc. (Nasdaq: RBBN) delivers market-leading software solutions that secure and power many of the world's leading service provider and enterprise communications environments. Plenty of power companies at risk of defaulting on their payments have said the same. (Bloomberg) -- Italy’s first foray into the sustainable debt market looks set to pull in the biggest-ever orderbook for a sale of green bonds.The nation racked up over 80 billion euros ($97 billion) of bids for its 8.5-billion-euro sale of 2045 securities via banks, more than twice that seen for Germany’s debut last year. WESTFORD, Massachusetts, March 4, 2020 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud … (Adds Ogelman quote, Moody’s downgrade in fifth paragraph. Italy’s Green Bond Demand Smashes Peers in Debut Offering, What’s in the U.K. Budget as Sunak Targets Covid and Deficit, Stock market news live updates: Nasdaq erases year-to-date gains as tech selloff persists and Treasury yields climb, Price of Gold Fundamental Daily Forecast – Firmer Yields Weighing on Prices Ahead of ADP Jobs Data, Sole proprietors, contractors, and freelancers now qualify for bigger PPP loans, How stimulus checks can give you a $14,000 windfall this year, U.S. Inflation Expectations Hit Decade High as Yields Resurge, Texas watchdog says grid operator made $16-billion error, Analyst Who Predicted $50,000 Bitcoin Sees Key Metric Indicating 'March To $100,000', GameStop spikes as investors eye cryptic tweet by shareholder. “The latest normalization in bond yields should be viewed as an encouraging sign that growth is healing, while the prospect for a hawkish turn from the Federal Reserve is clearly not in the cards today.”The U.S. Senate voted to take up a $1.9 trillion relief bill backed by President Joe Biden, setting off a debate expected to end this weekend with approval of the nation’s sixth stimulus since the pandemic-triggered lockdowns that began a year ago.Elsewhere, Bitcoin’s appeal as a hedge against inflation was put to the test, with the largest cryptocurrency joining a slump in other risk assets. From a low point of less than 7 million barrels a day in 2007, the U.S.’s total petroleum output more than doubled to hit an all-time high of almost 18 million barrels a day by early 2020, forcing the cartel to cede market share.Risky Move“This is a risky take,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd., said Friday in a Bloomberg Television interview. We look forward to working closely with all of our employees to leverage Ribbon's strong foundation to build sustained, long-term growth. While bulls have decided to view the jump in rates as a sign of economic strength that could lift corporate profits, there’s been mounting concern over a potential inflation pickup. It has also divested 2 assets. The actual results of Ribbon may differ materially from those contemplated by the forward-looking statements. Previously, the 33-billion-euro orderbook for Germany’s sale in September was the largest recorded, according to data compiled by Bloomberg.The country mandated Credit Agricole SA and Intesa Sanpaolo SpA as structuring advisors, and those plus BNP Paribas SA, JPMorgan Chase & Co. and NatWest Markets to joint lead manage the sale.“It comes at a perfect time,” said Althea Spinozzi, a fixed income strategist at Saxo Bank A/S. Mortgage Rates Are Back Above 3%. A decline of 10% from its February record high would confirm the Nasdaq is in a correction. Instead, the new price would reflect the actual supply, demand and reserves during the period.“This isn’t some Monday morning quarterbacking,” she said in an interview. Could This Be One Of The Top Electric Vehicle Stocks For 2021? Our new organization will leverage the strength and presence of our global sales force to create a very formidable market leader in the communications industry. AVCtechnologies Completes Strategic Acquisition of Ribbon's Kandy Communications USA - English USA - English News provided by. Russia, however, secured an exemption for itself and Kazakhstan, and will increase output marginally in April.Brent crude jumped 5% to a one-year high of almost $68 a barrel after the decision. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Chancellor of the Exchequer Rishi Sunak unveiled his second U.K. budget as he tries to balance the need to prop up the economy while the coronavirus pandemic endures with efforts to begin reigning in the deficit.With the prospect of the economy fully reopening still months away -- Prime Minister Boris Johnson has set June 21 as the earliest that can happen -- here’s what the chancellor announced on Wednesday:More Covid AidSunak said his priority is to protect jobs through the pandemic, and promised to support people and businesses as lockdown measures are gradually lifted. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. A new report on weekly unemployment claims came in better than expected, helping boost sentiment after a disappointing print on private payroll growth came in just a day earlier. Ribbon Communications completes acquisition of Edgewater Networks Ribbon Communications Inc., a Massachusetts-based secure and intelligent cloud communications provider, announced it … “The increasing probability of [exchange-traded] funds in the U.S., on the back of launches in Canada are adding pressure to the trust price, but we see sustaining the upward trajectory as the more likely outcome.” Bitcoin traded 8.48% lower at $47,120.70 at press time. “Now, it’s ‘show me the money.’”Ryan Lance, the chief executive officer of ConocoPhillips, echoed the sentiment: “I hope there’s discipline in the system. GameStop shares closed up 6.4% at $131.93 after earlier hitting $147.87, their highest since a surge in the heavily shorted stock late last month. All statements other than statements of historical facts contained in this release are forward-looking statements. Ribbon expects the acquisition of Edgewater to be immediately accretive to EBITDA and earnings per share. Westford, MA and Atlanta, GA – Ribbon Communications Inc. (Nasdaq: RBBN) and American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) today announced that they have completed the previously announced acquisition of Kandy Communications (Kandy) by AVCT. But Ercot left that price in place days longer than necessary, resulting in massive overcharges, according to Potomac Economics, an independent market monitor hired by the state of Texas to assess Ercot’s performance. AVCtechnologies Completes Strategic Acquisition of Ribbon's Kandy Communications By Ribbon Communications Inc.;American Virtual Cloud Technologies, Inc.; Dec 2, 2020 “It’s a mind-blowing amount of money.”While prices neared the $9,000 cap on the first day of the blackouts, they soon dipped to $1,200 -- a fluctuation that the utility commission later attributed to a computer glitch. The newly combined company allows Ribbon to enhance and broaden its existing customer offerings with ECI's industry-leading packet optical transport solutions. Ribbon Communications US LLC is a publicly-traded company that makes IP-based real time communications security and software solutions and products for fixed wireline, mobile, and cable service providers as well as large enterprises. “It creates a cascading effect.”The erroneous charges exceed the total cost of power traded in real-time in all of 2020, said Bivens, who spent 14 years at Ercot, where she most recently was director of market operations before becoming its watchdog. The benchmark 10-year Treasury yield spiked to 1.533% after Powell's comments, which did not point to changes in the Fed's asset purchases to tackle the recent jump in yields. Contractors, freelancers, and sole proprietors in the US can now access considerably larger loans from the Paycheck Protection Program (PPP), following a new rule issued by the Small Business Administration (SBA) on Wednesday. US software company Ribbon Communications Inc. (Nasdaq: RBBN) has announced that it has completed its acquisition of Israel's ECI Telecom Group. This is only for the risk tolerant investor. Ribbon Communications has acquired in 6 different US states, and 2 countries. The news followed Ribbon’s 2019, US$324 million acquisition of ECI Telecom – which provides packet optical transport products, among other solutions – and will see Bucci take on the role of executive vice president and GM of packet optical networks. United States, )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. A firm hired to monitor Texas' power markets says the region's grid manager overpriced electricity over two days during last month's energy crisis, resulting in $16 billion in overcharges. Front-month futures extended gains on Friday and a raft of banks updated their price forecasts, including Goldman Sachs Group Inc., which increased its estimates by $5 -- to $75 next quarter and $80 in the following three months.“This is an incredibly bold move on the part of OPEC+ to extend the oil price rally,” said KPMG Global Energy Sector Leader Regina Mayor.If history is a guide, however, trouble may be brewing. GBTC closed 10.31% lower at $41.40 on Thursday. Even Big Oil is scaling down its ambitions in shale. Countries and companies issuing such debt, where spending is ringfenced for environmental projects, have often managed to achieve cheaper financing than from conventional bonds.The strong interest comes despite the market’s pullback from a year-long rally in Italy’s bonds, following a global selloff.