I-Bytes Business services Industry

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I-Bytes
Business services
July Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates.................................................................................................................................................6
3. Rewards and Recognition Updates..................................................................................................................13
4. Customer Updates.............................................................................................................................................18
5. Partnership Ecosystem Updates......................................................................................................................19
6. Miscellaneous Updates.....................................................................................................................................28

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Financial, M & A
Business services Industry

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Financial, M&A Updates
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Ascendas Reit (Singapore) to acquire a new logistics property in Sydney for
A$23.5 million
Ascendas Funds Management Limited, the Manager of Ascendas Real
Estate Investment Trust, is pleased to announce the Acquisition of a new
logistics property to be developed on Lot 7, Kiora Crescent, Yennora, in
Sydney, Australia, for A$23.5 million1. The Property will be developed by
Larapinta Project Pty Ltd. Perpetual Corporate Trust Limited as trustee of
Ascendas Longbeach Trust No. 10 has entered into agreements3 with the
Vendor for the purchase of the freehold land at Lot 7, Kiora Crescent,
Yennora and the ensuing development of the logistics property. The
Acquisition of the land has been completed and the development of the
logistics property is expected to complete in the second quarter of 2021.
The Purchase Consideration of A$23.5 million, which comprises the land
and development cost, is 19.8% lower than the “as if complete” market
valuation of the Property. Ascendas Reit is expected to incur an estimated
total transaction cost of A$1.43 million which includes stamp duty,
professional advisory fees, and acquisition fees payable to the Manager in
cash.
Executive Commentary
Executive Director and Chief Executive Officer of the Manager said,
“Despite the COVID-19 pandemic, Sydney continues to be the strongest
industrial market in Australia underpinned by robust tenant demand and
sustained levels of investor interest. The acquisition of this new prime
grade logistics property gives Ascendas Reit greater exposure to the
Sydney market and also enhances the quality of our portfolio.”
Description
1

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Experian (Ireland) completes acquisition of majority stake in Arvato Financial
Solutions Risk Management
Experian, the global information services company, completed its acquisition
of a majority stake in Arvato Financial Solutions Risk Management division.
The investment now enables Experian to rapidly expand its range of risk,
fraud and identity management services right across Germany, Austria and
Switzerland. The new business unit combines Arvato Financial Solutions
Risk Management Division’s existing and substantial portfolio with
Experian's innovative analytical and decisioning platforms, digital
technologies and industry expertise. The combination will allow both
companies strategic clients to accelerate their digital transformation projects
and help drive consumer choice in the market. Experian has now acquired 60
per cent stake in Arvato Financial Solutions Risk Management division. The
remaining 40 per cent will be retained by Arvato Financial Solutions, a
subsidiary of media, services and education company Bertelsmann Group.
Experian is regarded as one of the most innovative companies in the world.
Its award-winning platforms PowerCurve, Ascend, Experian One and
CrossCore, enable clients make faster, smarter decisions at the speed and
scale their markets expect.
Experian Chief Operating Officer: “We're delighted to be joining forces
with Arvato Financial Solutions Risk Management division. The two
companies are a fantastic fit and there will be enormous consumer benefits
from the outset. Right now, particularly in the current environment,
everyone needs fast, reliable and smart processes to improve automation
and competitiveness, while consistently offering as much flexibility and
convenience to the customer.”
Description
2

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Gecina (France) acquires a residential complex in the heart of Paris
Gecina is making its first residential acquisition through the dedicated
subsidiary that it has created, in line with the Group’s ambition to support
housing around a long-term view. This building at 66 rue de Ponthieu in
Paris’ 8th arrondissement has 52 apartments and various ground-floor retail
units, with a price of €33.1m excluding duties and a total of nearly 4,100
sq.m. The Group is confirming its plans to deploy its know-how in line with
opportunities, on the buoyant residential markets in Paris, the Paris Region
and certain major cities across France. On this operation, Gecina was advised
by the law firm LPA-CGR and the notary’s office Wargny-Katz.
Chief Executive Officer: “This operation clearly illustrates Gecina’s
resolute return to the rental residential market with a view to contributing,
over the long term, to the residential experience provided for people. We
will be deploying the Group’s resources to support this in terms of CSR,
innovative operating technologies and customer relations thanks to
YouFirst Residence.”
Description
3

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Host Hotels & Resorts (USA) Successfully Amends $2.5 Billion Credit Agreement to
Enhance Flexibility and Preserve Liquidity and Updates Investor Presentation
Host Hotels & Resorts, Inc., the nation's largest lodging real estate investment trust, announced
that it successfully amended the credit agreement governing its $1.5 billion fully drawn
revolving credit facility and two $500 million term loans.
Key terms of the amended credit agreement include:
• Waiver of the existing quarterly-tested financial covenants for the period beginning July 1,
2020 through the second quarter of 2021, with testing resuming for the third quarter of 2021.
The Company also has the option to terminate the Covenant Relief Period early;
• Modification of the quarterly-tested leverage covenant and EBITDA calculation to ease
compliance in the first three quarters after the end of the Covenant Relief Period;
• Permission to finance encumbered or unencumbered acquisitions of up to $1.5 billion with
existing liquidity as long as the Company maintains total minimum liquidity of $500 million;
• Ability to fund up to $500 million in ROI capital expenditures during the Covenant Relief
Period as well as complete capital expenditures incurred in connection with emergency repairs,
life safety repairs or ordinary course maintenance repairs;
• Addition of a 15-basis points LIBOR floor for the life of the revolving credit facility and term
loans and an interest rate increase of 40-basis points in the credit ratings-based interest rate grid
during the Covenant Relief Period for the revolving credit facility and term loans;
• Addition of certain restrictions and covenants for the duration of the Covenant Relief Period,
including restrictions on dividend and distribution payments, share repurchases and new
covenants limiting the incurrence of additional indebtedness, asset sales, and investments;
• Maintenance of the revolving credit facility and one term loan’s initial maturity date of
January 2024 with options to extend to January 2025. Maintenance of the second term loan’s
final maturity date of January 2025.
President and Chief Executive Officer, said, “We obtained favorable waiver terms from our
supportive bank group due to the Company’s superior balance sheet and liquidity position as
well as our disciplined capital allocation track record. We greatly appreciate the strong,
longstanding partnership demonstrated by our banks and are pleased to have amended our
revolving and term loan credit facilities in a manner that preserves our liquidity to withstand
prolonged business disruption and enhances our flexibility to capitalize on investment
opportunities that create long-term value for our stakeholders.”
4
Key Financial Highlights

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IHS Markit (UK) Reports Second Quarter 2020 Results
Highlights
• Revenue of $1.027 billion, including total organic revenue growth
of negative 7 percent, or negative 3 percent adjusted for the events
cancellation
• Net income of $71 million and diluted earnings per share (EPS) of
$0.18
• Adjusted EBITDA of $454 million and Adjusted earnings per
diluted share (Adjusted EPS) of $0.69
• Cash flow from operations of $278 million and free cash flow of
$209 million
• Adjusted EBITDA, Adjusted EPS, and free cash flow are
non-GAAP financial measures used by management to measure
operating performance. These terms are defined elsewhere in this
release. Please see schedules appearing later in this release for
reconciliations of non-GAAP financial measures to the most directly
comparable GAAP measures.
“Q2 was a challenging quarter due to the COVID-19 pandemic, but
I am very pleased with how the organization responded and how
we are positioned to deliver strong results in 2020 and beyond,”
said Chairman and chief executive officer at IHS Markit.
5
Key Financial Highlights

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Solutions Updates

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Solution Updates
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Broadridge Financial (USA): AI-Driven Digital Execution Platform to Bring
Next-Generation Liquidity to Corporate Bonds
6
Solution Description
Broadridge Financial Solutions, Inc., a global fintech leader, announced that its new AI-driven corporate bond trading platform,
LTX®, has executed its first trades. Broadridge has partnered with Jim Toffey, founder of Tradeweb Markets, to create LTX,
which combines powerful artificial intelligence with a new digital execution protocol that enables broker-dealers to significantly
improve market liquidity, efficiency and execution for their buy-side customers. Built on Broadridge’s US Fixed Income
post-trade processing platform, which processes over $6 trillion in notional volume per day across 40+ dealer clients, LTX uses
AI to help broker-dealers digitize their franchise to maximize liquidity for asset managers while delivering improved
transparency, “BestEx” and minimizing information leakage. Improving corporate bond liquidity is a critical need, and the LTX
platform is rapidly being embraced by leading broker-dealers and asset managers. LTX works by combining powerful AI to locate
and connect natural counterparties with a new digital protocol, RFX®, that enables dealers to efficiently aggregate liquidity
across multiple counterparties and create trading opportunities in seconds. These new technologies amplify the critical role
dealers play, enabling them to solve a key need for the buy-side.

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Solution Updates
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CapitaLand (Singapore) ramps up eCapitaMall and Capita3Eats to help more
retailers achieve bricks and clicks sales post-COVID-19
7
CapitaLand is ramping up its twin digital platforms eCapitaMall and Capita3Eats, with a vision to help more retailers achieve
bricks and clicks sales in a post-COVID-19 era. Since launching on 1 June 2020 via CapitaStar app, both platforms have signed
on more than 280 online merchants from CapitaLand’s retail ecosystem, and are on track to onboard 500 online merchants by the
end of 2020. eCapitaMall, CapitaLand’s curated digital mall in Singapore now features over 130 merchants offering more than
18,000 SKUs across a wide range of categories including fashion, beauty, electronics, hobbies and home & living. eCapitaMall
shoppers have the flexibility of browsing online before purchasing in-store or browsing in-store before purchasing online. For
greater convenience, they may either choose to receive their purchases through home delivery or pick up in-store. Adding to
eCapitaMall offerings are familiar favourites including one-stop watch store City Chain, designer furniture store Grafunkt,
menswear label HUGO, footwear and apparel brand Hush Puppies, premium jeweller Love & Co., cosmetics and beauty brand
LUSH, chocolatier and confectionary Morozoff, Japanese retailer MUJI, eyewear store OWNDAYS, womenswear label
SABRINAGOH, and luxury fashion house Shanghai Tang.

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Solution Updates
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Beijing Daxing International Airport (China) launches the free tourism project
8
Beijing Daxing International Airport officially launched the "Discovery World" tourism project. Tourists can reserve the tours in
advance online, and then enjoy the tour services for free at the public areas of the terminal. With its unique architectural style,
beautiful design curve, rich cultural heritage, Beijing Daxing International Airport has attracted many people coming to visit. Up
to now, the current daily limit is 3000 people. There is a dedicated tourist reception counter at Gate 20 of the terminal. During the
tour, the instructor will guide the tourists to visit the must-see attractions in the public area of the terminal. Tourists can visit the
"One Line One City", "Dandelion", "Jianjia", "Flower Set-Peach Blossom", "Chinese Characters", "National Gate" and other
landscapes along the way. The tour will promote the humanistic concept of the airport construction, introduce passenger travel
tips and airport services, so that tourists can enjoy an artistic tour in the airport. In order to provide better services for passengers,
all catering and retail stores of Beijing Daxing International Airport have resumed business according to the passenger volume
and flight schedule. Some stores have been open for 24 hours, in order to ensure that all the passengers are provided with
commercial security at all times.

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Solution Updates
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Digital Realty (USA) Launches Development of Second Data Centre in Hong
Kong
9
Digital Realty, a leading global provider of data centre, colocation and interconnection solutions, announced the development of a new,
carrier-neutral data centre in a purpose-built facility in Hong Kong – to be named Digital Realty Kin Chuen. The move marks another
significant expansion of PlatformDIGITAL™ across Asia Pacific, closely following the recent groundbreaking of Digital Realty's new
data centre in Seoul, Korea. The Hong Kong facility will enable customers to rapidly scale digital transformation strategies by deploying
critical infrastructure with a leading global data centre provider at the heart of a growing community of interest. Digital Realty entered
Hong Kong in 2012 with the acquisition of Digital TKO (HKG10), located within the Tsueng Kwan O industrial estate and capable of
delivering up to 18 megawatts of critical IT capacity. The new facility is strategically located in Kwai Chung, Hong Kong's rapidly
developing new data centre cluster and the primary auxiliary location outside Tseung Kwan O, providing the ability to cater to diverse,
multi-site workloads. Upon completion, the new, 21,000 square-metre building will deliver up to 24 megawatts of critical IT capacity.
The new data centre will support the continued development of Hong Kong as a key technology and data hub and drive the adoption of
cloud computing services and solutions across the region. The facility is expected to be built out and ready for global and regional
customers by mid-2021.

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Solution Updates
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Experian (Ireland) launches ‘Experian Safeguard’ to help protect communities
during Covid-19 crisis
10
Experian, the global information services company, has developed a new dashboard which will help public organizations plan their
response to the Covid-19 pandemic with more accuracy, helping to ensure the people who are most in need in the community can receive
the support they require as quickly as possible. Experian Safeguard is being provided free of charge to local authorities, NHS Trusts, fire
services, and major charities. Experian has taken datasets it holds together with open source data including census data, aggregated it and
imported it into the dashboard to provide valuable new perspective in an easily understandable form to those on the frontline of dealing
with the Covid crisis. The variables will help organizations to plan and priorities services; correctly allocate funding; deploy specialist &
volunteer resources; create communication strategies to engage local communities; and to estimate future demand and requirements for
services in certain areas. West Somerset, Christchurch and North Norfolk were identified as having a high number of pensioners living
alone, which could also be considered a potential indicator of vulnerability amid debate over the length of the lockdown and when it will
be lifted for older age groups. Organizations have used the insight to communicate more targeted public health messages and inform
households about support services available in their area if they have been affected by the pandemic.

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Solution Updates
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Gecina (France) launches a digital tool to support lettings for its buildings
11
Gecina is continuing to move forward with the digitalization of its processes by developing a platform for exchanges with its partner
agencies to improve its efficiency for lettings. This portal is in line with the deployment of YouFirst, the relationship brand of Gecina,
which aims specifically to offer high-quality services for its customers and all its partners. Gecina has built up an extensive network of
partner agencies to support it with the proactive letting of its office buildings. This digital portal is designed to centralize all the
information needed to let buildings, from digital brochures to images, virtual tours, films and even plans…making it easier for prospects
to be managed by its agents and for files to be processed. It was co-constructed with 4 of our partners: BNP Paribas Real Estate, CBRE,
Cushman & Wakefield and JLL. With this solution, Gecina is optimizing its commercial strategy thanks to real-time tracking of progress
with letting applications for each building. This portal will be rolled out for approved partners mid-july.

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Solution Updates
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Epson (Japan) Develops 32-Bit Microcontroller with Dedicated Hardware
which Can Play Sound on either a Speaker or Buzzer
12
Seiko Epson Corporation has developed and begun shipping samples of the S1C31D51 a 32-bit ARM® Cortex®-M0+ microcontroller
with dedicated hardware which can play sound on either a speaker or buzzer. Epson plans to produce 200,000 of the new controllers per
month. Sound is becoming an increasingly popular feature in home electronics, remote controllers for home appliances, industrial
devices, health and fitness equipment with guidance systems, or alarms in office buildings, shopping complexes, and factories. This MCU
is ideal for all these applications. An ARM® Cortex®-M0+ processor integrated with a dedicated HW Processor provides 2-channel
sound on a single MCU chip. By making it possible to output voice guidance sound like error and warning messages on a buzzer instead
of a speaker, the usability of the MCU is increased. Common buzzer sound output performance is often very poor because of low volume
and limited bandwidth. Epson improved buzzer performance by using a combination of software and hardware support. First, the HW
processor plays sound without requiring CPU resources, so CPU resources can be allocated to other processes even during sound
playback. The use of a high data compression algorithm shrinks the size of sound data memory, making it possible to provide a large
amount of sound data and sound data in multiple languages.

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Rewards & Recognition
Business Services Industry

R & R Updates
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CBRE Group, Inc. (USA) Among 2020 100 Best Corporate Citizens
13
3BL Media has named CBRE Group, Inc. to its 2020 100 Best Corporate Citizens list, which recognizes outstanding
environmental, social and governance transparency and performance among the 1,000 largest U.S. public companies. CBRE is the
only real estate services firm on this year’s list. The 100 Best Corporate Citizens list is based on more than 140 corporate disclosure
and performance factors related to climate change, employee relations, environment, finance, governance, human rights, and
stakeholders and society. The 1,000 largest U.S.-based public companies by market value are evaluated by Institutional Shareholder
Services using a methodology developed by 3BL Media. Earlier this year, CBRE was ranked #13 on the 2020 Barron’s 100 Most
Sustainable Companies list, named to the 2020 Bloomberg Gender-Equality Index and was the top-ranked real estate company on
Fortune’s World’s Most Admired Company roster for the second year in a row. CBRE Group, Inc., a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm. The company
has more than 100,000 employees and serves real estate investors and occupiers through more than 530 offices worldwide. CBRE
offers a broad range of integrated services, including facilities, transaction and project management; property management;
investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and
development services.
R&R Description

R & R Updates
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Digital Realty (USA) Earns 2020 Green Lease Leader Recognition from the Department of
Energy's Better Buildings Alliance and the Institute for Market Transformation
14
Digital Realty, a leading global provider of data center, colocation and interconnection solutions, announced the U.S. Department of
Energy's Better Buildings Alliance and the Institute for Market Transformation have recognized Digital Realty as a 2020 Green Lease
Leader. Green Lease Leaders set national standards for what constitute a green lease and include building owners and customers who
modernize their leases to spur collaborative action on energy efficiency, cost savings, air quality and sustainability in buildings. Digital
Realty has achieved GOLD Recognition for its green lease provisions across its portfolio of 275 data centers around the world. As part of
the company's long-term sustainability vision of building a greener future, Digital Realty launched its green leasing initiatives in 2017 and
has since seen a 78% adoption rate among eligible new customer leases. In addition, leases encompassing an additional 3.9 million square
feet have a standalone energy efficiency capital expense cost-recovery clause. This year's Green Lease Leaders represent portfolios totaling
more than one billion square feet and comprise a diverse range of buildings from large and small commercial offices to industrial buildings
to data centers. Green Lease Leaders manage nearly three billion square feet of commercial and government space across North America,
representing a huge potential for growth in green leases. IMT estimates that green leases can help reduce utility bills by up to about 50
cents per square foot in U.S. office buildings alone, and if all leased office buildings executed green leases, the market could reap over $3
billion in annual cost savings.
R&R Description

R & R Updates
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Epson (Japan) Selected as a Constituent of the FTSE4Good Index Series for the 16th
Consecutive Year
15
Seiko Epson Corporation announces it has been included in the FTSE4Good Index Series for the 16th consecutive year. The FTSE4Good
Index Series measures the performance of companies demonstrating strong environmental, social and governance practices. The
FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Selection for this index indicates that Epson has been independently appraised for its efforts towards the environment and in solving issues
in society, and has been recognized as a sustainable company. Epson aims to create new value by looking hard at solutions to social issues,
understanding the expectations of society, and then providing products and services that far exceed those expectations. The company is
committed to the development of a sustainable society through the four areas of innovation identified through its Epson 25 Corporate
Vision. Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information
with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer
expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society
and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
R&R Description

R & R Updates
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Sodexo (France) ranked #2 for gender balance within its governing bodies among
2019 French publicly listed companies
16
Sodexo, world leader in Quality of Life Services, ranked #2 for gender balance within its governing bodies among all publicly-listed
companies on the SBF 120 French stock market index. The 2019 ranking is published by the French State Secretary for gender equality and
the fight against discrimination, and concerns gender equality in the company’s governing senior management. With women making up
35% of Sodexo’s Executive Committee and 60% of its Board of Directors, a powerful internal gender balance study and 23 strong gender
networks throughout the global organization, the group’s commitment to gender equality is a moral obligation and a strategic imperative. In
2018, Sodexo surveyed 50,000 of its managers from over 70 entities as part of its Gender Balance Study, which revealed that teams with a
male-female ratio of between 40 and 60 percent out-performed on financial and non-financial indicators. Sodexo’s goal is that by 2025
women will represent at least 40 percent of its senior leadership staff. To reach this goal, Sodexo has established a global strategy for
gender equality and ensure equal opportunities for the advancement of women. This strategy drives concrete initiatives, including inclusive
workplace training, mentoring, and gender networks throughout the Group. The cornerstone of this approach is the SoTogether advisory
board, which is dedicated to promoting women's professional advancement, and more broadly on the global scale.
R&R Description

R & R Updates
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SHKP (Hong Kong) named Caring Company for the 18th consecutive year
17
Sun Hung Kai Properties Limited has long put its Building Homes with Heart belief into practice by proactively contributing to the
community. The Group has been named a Caring Company for the 18th consecutive year, and 85 of its business units have earned the same
recognition. Amid the coronavirus pandemic, SHKP has continued to care for and help the community, especially the underprivileged. In
addition to providing subdivided unit households with rent subsidies to alleviate their financial burdens, SHKP donated about 320,000
surgical masks to the Hospital Authority and various social service organizations. To help shopping mall tenants affected by the pandemic,
SHKP has provided rent reductions for several months in a row; the Group has also implemented a series of measures across its malls and
offices to fight the pandemic. Among the 85 SHKP business units named Caring Company, 51 were awarded the honor for the 10th or even
15th year with businesses ranging from shopping mall, property management to construction and hotel. The Group will continue to leverage
its expertise and resources as a responsible corporate citizen while Building Homes with Heart and creating long-term value for society.
Over the years, SHKP has committed to supporting the less fortunate and young people through various initiatives, including Sports for
Charity, the Building Homes with Heart Caring Initiative, the Modern Apprenticeship Programme, the Hong Kong X-Tech Startup
Platform, the INDEX co-working space, and SHKP-Kwoks' Foundation scholarships.
R&R Description

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Customer Success

Customer Success Updates
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Air Lease Corporation (USA) Announces Delivery of New Airbus A320-200neo
Aircraft to Atlantic Airways
18
Air Lease Corporation announced the delivery of one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national
carrier of the Faroe Islands. Powered by CFM International LEAP-1A26 engines, this aircraft is the second of two A320-200neos that delivered
to the airline from ALC’s order book with Airbus. ALC is a leading aircraft leasing company based in Los Angeles, California that has airline
customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing
commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC
routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors
and potential investors are encouraged to consult the ALC website regularly for important information about ALC. Atlantic Airways is an
international company whose corporate culture is known by its focus on safety, punctuality, the customer and the result. The Sørvágur-based
company, which is the Faroese flag carrier airline, currently employs around 180 people. The Atlantic Airways fleet consists of three aircraft and
two helicopters. The aircraft provide regular service between the Faroes and a range of cities in Denmark as well as neighboring countries, with
direct routes to Paris, Copenhagen, Billund, Aalborg, Bergen, Reykjavik, Edinburgh, Barcelona, Mallorca, and Gran Canaria. In addition, the
company’s activities include charter operation outside the Faroes. The helicopter department provides regular service to the different islands in
the Faroes and search-and-rescue activities.
Description

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Partner Ecosystem

Partner Ecosystem Updates
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Bureau Veritas (France) And Europcar Mobility Group: A New Partnership to
Consolidate Hygiene and Sanitary Measures
19
Europcar Mobility Group and Bureau Veritas announce they have signed a business partnership for the entire Europcar
Mobility Group's corporate network, to ensure that the company’s facilities and vehicles comply with Health Authorities’
safety recommendations and follow best-in-class cleaning standards and protocols. Bureau Veritas, a global leader in
testing, inspection and certification services, will provide Europcar Mobility Group, a major player in mobility markets,
with support across its operations.
The partnership covers operations across 14 countries and relies on two main axes:
• Assess and challenge Europcar Mobility Group guidelines and processes, to ensure safety for customers and employees, in
line with local regulations and scientific recommendations.
• Support the deployment of best-in-class sanitary protocols in Europcar Mobility Group’s corporate geographies.
Description

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Sodexo Partners with Bureau (France) Veritas To Introduce A Hygiene Verification
Label Designed to Support Business Reopening
20
Sodexo, world leader in Quality of Life Services, and Bureau Veritas, world leader in testing, inspection and certification,
have joined forces to introduce a hygiene verification label for Sodexo procedures and services. This label forms part of
Sodexo’s global endeavors to help clients and consumers resume work in complete confidence. This label gives further
quality assurance to clients and consumers that all necessary health steps have been taken when organizations reopen
post-lockdown. It bolsters the ‘rise with Sodexo’ programs and the Sodexo Medical Advisory Council measures. It covers
both facilities management on-site services, and catering services. The label will be immediately introduced in France, UK,
USA and Canada and then gradually rolled out in other countries. Reestablishing trust among people so they have total
peace of mind when resuming on-site work is absolutely paramount. Teaming up with Bureau Veritas, an independent
auditor of workplace best practices and measures, is further proof of our commitment to support our clients, consumers and
people so they can go back to work in complete confidence
Description

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OCBC Bank Partners CapitaLand (Singapore) On Singapore's First SORA-based Loan
21
OCBC Bank and CapitaLand have inked Singapore’s first loan facility agreement referencing Singapore Overnight Rate Average. The
S$150 million three-year corporate loan from OCBC Bank to CapitaLand is a milestone in the industry’s transition roadmap towards
adopting SORA as the new interest rate benchmark for the Singapore Dollar cash and derivatives markets. The S$150 million loan is part of
a S$300 million sustainability-linked loan extended by OCBC Bank to CapitaLand. Proceeds from the facility will be used for general
corporate purposes. The loan facility’s interest rate, which references SORA, comprises two components: a compounded average of daily
SORA rates calculated in arrears and an applicable margin. SORA is a backward-looking overnight rate as compared to forward-looking
reference rates commonly used for loan facilities in Singapore, such as the SGD Swap Offer Rate where the interest rate is determined at
the start of the interest period. To determine the interest rate of a SORA-based loan facility, the daily SORA rates are compounded in arrears
and the interest rate is determined by the end of the relevant interest period. Globally, several major jurisdictions have identified overnight
rates as alternative benchmark rates to LIBOR in their respective currencies, and the industry is trending towards the use of
backward-looking, compounded-in-arrears rates. For Singapore’s inaugural SORA-based loan facility, the compounded average SORA will
be calculated in arrears, using the ‘Five-business day backward-shifted observation period’ methodology.
Description

IT Shades
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CapitaLand (Singapore) committed to working with tenants and supports shared responsibility
to ride through COVID-19 crisis
22
CapitaLand Limited will waive and potentially defer rent for qualifying Small and Medium Enterprise tenants in accordance with the
COVID-19 Bill1 in Singapore. The timing and payment of the rental rebate and any deferral is dependent on the assessment and eligibility
of the Group’s SME tenants by the authorities. Before the passing of the Bill, CapitaLand has already provided some level of rental relief
and committed to pass on any Government property tax rebates and cash grants to eligible tenants when the Group is informed of them.
CapitaLand Mall Trust has committed a rental relief package totalling approximately S$114 million, which translated into rental waiver in
April and May 2020 for almost all its shopping mall tenants, inclusive of the value of property tax rebates. Additional rental waiver was
granted from 27 to 31 March for tenants ordered to close their premises since 27 March 2020. On top of that, some tenants were granted a
waiver on their turnover rent and were permitted to use one-month security deposit to offset their rents in March 2020. Inclusive of the
Government’s property tax rebate and additional rental assistance, Ascendas Real Estate Investment Trust waived two months’ rent, from
April to May 2020, for retail and F&B tenants within individual buildings and amenity centres in its portfolio. CapitaLand Commercial
Trust extended rental relief to retail, food and beverage as well as services tenants whose businesses have been hit, on top of passing down
the applicable property tax rebate to eligible tenants.
Description

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Experian (Ireland) launches new Ascend Portfolio Loss Forecaster™ in collaboration with Oliver
Wyman to help analyze risk and forecast loan losses in the wake of COVID-19 and beyond
23
Experian®, the world’s leading global information services company, in collaboration with Oliver Wyman, a leading global
management consulting firm, launched the Ascend Portfolio Loss Forecaster™, a new tool that uses Experian’s comprehensive data
along with up-to-date macroeconomic forecasts to analyze risk accurately across consumer loan portfolios. Built on the Experian
Ascend Technology Platform™, the new product delivers immediate access to a combined set of industry-leading data and models
powered by machine learning to analyze the impact of today’s rapidly changing macroeconomic conditions. After the longest
period of economic growth in post-war U.S. history, the unprecedented and sudden changes in economic conditions due to
COVID-19 require lenders to gain instant insights to assess impact and losses to their portfolios. The new Ascend Portfolio Loss
Forecaster combines the power of Experian data with industry-leading loss forecasting models from Oliver Wyman and leverages
macroeconomic forecasts from Oxford Economics. Lenders can calculate multiple scenarios, including a set of COVID-19-specific
macro-forecasts, to validate and improve the accuracy of their portfolio predictions.
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JLL (USA) partners with RoofandFloor to Offer a Seamless Home-buying Experience in India
24
JLL has announced a partnership with RoofandFloor, a technology driven online marketplace for home buyers in India. Through
this association both firms aim at creating a smooth journey for homebuyers as they together support project discovery, shortlisting,
site visits, negotiations and bookings. The partnership brings together JLL’s long established relationships with several top
developers in the country and RoofandFloor’s tech-savvy online market place delivering a superior experience to high intent
homebuyers. The platform showcases properties across 24 cities in India and supports buying, selling and resale. Homebuyers can
now shortlist properties on RoofandFloor’s portal and be rest assured that JLL, the country’s largest real estate consultancy firm
would support them through the homebuying journey. JLL has the expertise to deliver the best deals in the market to homebuyers
meeting their investment criteria and RoofandFloor has built a strong technology-led engine that is pivoted on understanding the
homebuyer has needs and matching them with the right property to purpose. Together, both entities aim to smoothen the home
buying process.
Description

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Engage & Enable
SGS (Switzerland) Joins with BIOPHYTIS To Launch Its International Clinical Trial of
Covid-19 Related Respiratory Failure Treatment
25
SGS, the world’s leading inspection, verification, testing and certification company, has received approval from Belgium’s Federal
Agency for Medicines and Health Products and has initiated the first site to begin a new clinical trial of a potential treatment for
patients with COVID-19 related respiratory failure. The trial is entitled, ‘COVA study – a Clinical Trial with Sarconeos for the
Treatment of Patients with COVID-19 Related Respiratory Failure’. It is being conducted by French biotech company Biophytis
which has selected SGS because of its extensive experience as a full-service contract research organization with considerable
expertise in the field of infectious diseases. One of the ways Coronavirus SARS-Cov-2 causes Acute Respiratory Distress
Syndrome is by disrupting the renin angiotensin system, which regulates respiratory function. The trial will look at how Sarconeos
helps to inhibit the development of ARDS by activating the mitochondrial assembly receptor, a key component of the protective
arm of the renin-angiotensin system.
Description

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SONAE Sierra And SGS (Switzerland) Partnered to Ensure the Highest Hygiene and Cleaning
Standards of Shopping Centers
26
Sierra has partnered with SGS, the world's leading testing and certification company to verify the hygiene and cleaning standards
being used at Sonae Sierra's managed shopping centers and awarded the Hygiene Monitored and Disinfection Assessment Mark.
This confirmed a stringent compliance with the state of art applicable protocols and regulations, reassuring Sonae Sierra's
commitment toward safety and prevention. By undergoing this rigorous process, Sonae Sierra ensures enhanced control of its
current hygiene and cleaning protocols for managing and mitigate COVID-19 risks and provides increased assurance to its visitors,
tenants, suppliers and employees worldwide, through specific measures such as increased cleaning frequencies, enhanced training
and specialization of cleaning staff, social distancing measures and correct sanitization and disinfection at all shopping centers
globally. This verification complements the adopted safety measures such as the installation of disinfecting gel dispensers in
several locations, installation of automatic handrail disinfection equipment on the shopping center's escalators and reinforcement of
the ventilation and air conditioning systems cleaning procedures.
Description

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Sodexo (France) partners with Bureau Veritas to introduce a hygiene verification label designed
to support business reopening
27
Sodexo, world leader in Quality of Life Services, and Bureau Veritas, world leader in testing, inspection and
certification, have joined forces to introduce a hygiene verification label for Sodexo procedures and services. This label
forms part of Sodexo’s global endeavors to help clients and consumers resume work in complete confidence. This label
gives further quality assurance to our clients and consumers that all necessary health steps have been taken when
organizations reopen post-lockdown. It bolsters the ‘rise with Sodexo’ programs and the Sodexo Medical Advisory
Council measures. It covers both facilities management on-site services, and catering services.
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Miscellaneous

Miscellaneous Updates
IT Shades
Engage & Enable
Air Lease Corporation (USA) Announces Lease Placement of Airbus A319 Aircraft
with HiSky Moldova
28
Air Lease Corporation announced a long-term lease placement for one used Airbus A319-131 aircraft with HiSky Moldova.
Scheduled to deliver this September, this aircraft will be the second aircraft in the fleet of the Moldovan startup airline. ALC is
a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and
its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them
to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts
information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors
and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The
information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a
part of, this press release. HiSky Moldova was established by a team of enthusiasts that combines hundreds of years of
experience in aviation. The Company will launch regular flights in July 2020 from its hub Chisinau International Airport to six
European destinations: London, Dublin, Lisbon, Paris, Bologne, and Dusseldorf.
Description

Miscellaneous Updates
IT Shades
Engage & Enable
Cintas (USA) Donates 100,000 Face Masks to Matthew 25 Ministries
29
Cintas Corporation announced that it has donated 100,000 face masks to Matthew 25 Ministries, an international humanitarian aid and
disaster relief organization headquartered in Cincinnati, OH. The face masks will be distributed to organizations on the front lines of
COVID-19 prevention, containment and treatment. Cintas partnered with Matthew 25 Ministries to provide multi-pronged support to
front-line workers, including personal protective equipment, first aid, safety and hygiene supplies. Cintas will continue to provide Matthew
25 with essential first aid and safety supplies for distribution to partners locally and across the U.S. as Matthew 25 continues and expands
their COVID-19 response. Cintas and Matthew 25 began partnering to care for the poorest of the poor and disaster victims in 1998. To date,
Cintas has donated over 17 million pounds of products including clothing, sewing machines, fabric, linens, soap, medicine, first aid
supplies, household items, personal care items, food, school and medical supplies and building materials to Matthew 25 Ministries. Cintas
and Matthew 25 began partnering to care for the poorest of the poor and disaster victims in 1998. To date, Cintas has donated over 17
million pounds of products including clothing, sewing machines, fabric, linens, soap, medicine, first aid supplies, household items, personal
care items, food, school and medical supplies and building materials to Matthew 25 Ministries.
Description

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