The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
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This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting012809
1. The Shaw Group Inc.
FY 2008 Annual Meeting
Wednesday, January 28, 2009
J.M. Bernhard Jr.
Chairman, President & Chief Executive Officer
54M012008B
2. Forward Looking Statements &
Regulation G Disclosure
This presentation contains forward-looking information and statements within the
meaning of the Private Securities Litigation Act of 1995. The words “believe,” “expect,”
“anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” or other similar
expressions are intended to identify forward-looking statements, which are generally not
historical in nature. These forward-looking statements are based on our current
expectations and beliefs concerning future developments and their effect on us.
However, the absence of these words does not mean that the statements are not
forward-looking. Our forward-looking statements involve significant risks and
uncertainties, some of which are beyond our control and actual results may differ
materially from those expressed or implied by forward-looking statements as a result of
many factors or events, including current economic conditions and resulting capital
constraints, as well as the factors we discuss or refer to in the “Risk Factors” section of
our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K filed with the Securities and Exchange Commission (SEC)
and on our website under the heading “Forward-Looking Statements.”
This presentation contains non-GAAP measures as defined by the SEC rules and
regulations. A reconciliation of these measures to the most directly comparable GAAP
measures is included in the attached appendix and on our Web site at
54M012008B
www.shawgrp.com in the Investor Relations section under “Regulation G Disclosures.”
2
3. Summary of FY 2008
• Company continued to significantly grow its operations
• Ranked “#1 in Power” by ENR magazine
• Signed first 3 nuclear EPC contracts (one subsequent to fiscal
year end)
• Record financial results: Revenue, EBITDA, Net Income, EPS,
Operating Cash Flow, and Cash Balance
• Received credit rating upgrades from Moody’s and S&P
• Increased credit facility from $850M to $1.05B
54M012008B
• Entering Fiscal 2009 with a strong backlog
3
4. Selected Major Projects Underway In FY 2008
MOX – South Carolina
SHARQ – Saudi Arabia
IHNC Hurricane Protection –
AP1000 Nuclear - China
Louisiana
54M012008B
Cleco Rodemacher – Louisiana
4
5. FY 2008: Financial Results
Record FY 2008 FY 2007
(in millions, except per As Reported Westinghouse Actuals Actuals
share data) Segment Excluding Excluding
Westinghouse* Westinghouse*
Revenue $ 6,998.0 $ 0.0 $ 6,998.0 $ 5,723.7
Gross Profit 586.0 0.0 586.0 375.4
EBITDA* 316.6 (45.9) 362.5 92.1
Net Income 140.7 (50.7) 191.4 19.4
Diluted EPS 1.67 (0.60) 2.27 0.24
Operating Cash Flow 623.9 (25.9) 649.8 477.4
New Awards 8,282.7 N/A 8,282.7 10,941.1
•• Strong revenue growth continues – led by Fossil & Nuclear, E&C, and F&M
Strong revenue growth continues – led by Fossil & Nuclear, E&C, and F&M
•• Record EBITDA, Net Income, and EPS
Record EBITDA, Net Income, and EPS
•• Record Operating Cash Flow; total cash balance $937M
Record Operating Cash Flow; total cash balance $937M
•• Strong new orders result in a $15.6 billion backlog entering 2009
Strong new orders result in a $15.6 billion backlog entering 2009
02M102007D
*See Appendices for a reconciliation to the corresponding GAAP measure.
5
6. Shaw Experienced Significant EBITDA Growth
In FY 2008
$363
($ in millions)
Increase of nearly 300% year-over-year
Increase of nearly 300% year-over-year
69% compound annual growth over last 4 years
69% compound annual growth over last 4 years
$124
$92
$90
$45
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
54M012008B
Note: EBITDA is defined as earnings before interest expense, income taxes, depreciation and amortization;
values for FY2007 and FY2008 exclude the Westinghouse segment.
See Appendices for a reconciliation to the corresponding GAAP measure.
6
7. Cash and Debt at End of FY08
Record
937
($ in millions)
Cash
Debt
688
663
482
361
218
178 165
107
86
28 28
17 18 10
13
Q-1 FY07 Q-2 FY07 Q-3 FY07 Q-4 FY07 Q-1 FY08 Q-2 FY08 Q-3 FY08 Q-4 FY08
Operating Cash Flow of $624M for FY 2008
Operating Cash Flow of $624M for FY 2008
02M102007D
Notes:
1. Cash balance represents the sum of cash, cash equivalents and restricted cash.
2. Total debt excludes Japanese Yen-denominated bonds secured by Investment in Westinghouse. See Appendices for a
reconciliation to the corresponding GAAP measure.
7
8. Consolidated Backlog and Backlog Conversion
(as of 8/31/08)
Backlog by Business Segment Expected Backlog Conversion
($ in billions)
Consolidated
Next
Fabrication & Manufacturing
$15.6 13-24 months
12 months
Energy & Chemicals $14.3 27%
$0.8 37%
Environmental & Infrastructure
$0.7 $2.2
$4.2B
Maintenance
$2.6
Fossil & Nuclear
$5.7B
$9.1 $5.1
$5.7B
$2.6
$0.4
$6.7 $1.4
$1.7
$5.8 $1.4
$4.8 $2.8 Greater than
24 months
$6.1
$6.7
$1.3 36%
$3.2
FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
Backlog excludes majority of domestic nuclear work expected to be performed under signed
Backlog excludes majority of domestic nuclear work expected to be performed under signed
54M012008B
EPC contracts (Georgia Power, SCE&G, and Progress Energy Florida)
EPC contracts (Georgia Power, SCE&G, and Progress Energy Florida)
8
9. Fossil and Nuclear Projects Present
Significant Upside To Backlog At 8/31/2008
Backlog + Projects Where Shaw Has Been Selected But Work Has Not Been Released
$37.6
($ in billions)
Consolidated
Fabrication & Manufacturing • RWE
• Progress
Energy & Chemicals
Energy
Environmental & Infrastructure • SCE&G /
$22.0
Maintenance Santee Cooper
• Southern
Fossil & Nuclear (Georgia
Fossil & Nuclear – selected but Power)
projects not in backlog
$14.3 Total - $15.6
$0.8
$2.2
$9.1
$5.1
$6.7
$5.8
$4.8 $1.4
$6.1
54M012008B
FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
Full Spectrum of Shaw’s Workload Approaching $40B
Full Spectrum of Shaw’s Workload Approaching $40B
9
10. Shaw Has Created Significant
Long-Term Value For Shareholders
End of FY 2008
SGR vs. S&P 500: Sept. 1, 1999 – Jan. 27, 2009
700%
SGR
600%
SGR up nearly 175% over past 10+ years, even
SGR up nearly 175% over past 10+ years, even
500%
when considering the recent economic
when considering the recent economic
downturn, as compared to the S&P 500, which
downturn, as compared to the S&P 500, which
400%
is down approx. 40% during the same period
is down approx. 40% during the same period
300%
200%
100%
S&P 500
0%
-100%
02M102007D
9/1/99 9/1/00 9/1/01 9/1/02 9/1/03 9/1/04 9/1/05 9/1/06 9/1/07 9/1/08
10
11. FY08 Summary
• 2008 was a strong year for Shaw
with record earnings and cash flow
• Backlog positions us for a stronger
year in 2009
• First EPC Nuclear projects remain
on track
• Our focus on regulated electric
utilities, national and international
oil companies, and the U.S.
Government should continue to
provide us with stability through
these tough economic times
02M102007D
11
12. FY2009 Guidance
Communicated on Q-4 FY08 Earnings Call
Metric Guidance
Revenue $7.1 - $7.3 Billion
Diluted EPS, excluding
$2.50 - $2.70 per share
Westinghouse
Operating Cash Flow $250 - $300 Million
Earnings expected to be driven by projects in
Earnings expected to be driven by projects in
backlog from Fossil & Nuclear, F&M, and E&C.
backlog from Fossil & Nuclear, F&M, and E&C.
Operating Cash Flow expected to be driven
Operating Cash Flow expected to be driven
02M102007D
primarily by Fossil & Nuclear.
primarily by Fossil & Nuclear.
12
13.
14. The Shaw Group Inc.
FY 2008 Annual Meeting
Regulation G Appendices
Wednesday, January 28, 2009
02M102007D
15. Appendix 1: EBITDA Reconciliation
FY 2008
FY 2008
Westinghouse Excluding
(in millions) Consolidated Segment Westinghouse
Net Income (Loss) $ 140.7 $ (50.7) $ 191.4
Interest Expense 46.0 37.4 8.6
Depreciation and Amortization 47.1 - 47.1
Provision for Income Taxes 71.4 (42.2) 113.6
Income Taxes on Unconsolidated Subs 11.4 9.6 1.8
Income Taxes on Discontinued Ops - - -
EBITDA $ 316.6 $ (45.9) $ 362.5
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
15
16. Appendix 1: EBITDA Reconciliation
FY 2007
FY 2007
Westinghouse Excluding
(in millions) Consolidated Segment Westinghouse
Net Income (Loss) $ (19.0) $ (38.4) $ 19.4
Interest Expense 43.4 30.6 12.8
Depreciation and Amortization 41.3 - 41.3
Provision for Income Taxes 10.7 (26.1) 36.8
Income Taxes on Unconsolidated Subs (16.8) 1.4 (18.2)
Income Taxes on Discontinued Ops - - -
EBITDA $ 59.6 $ (32.5) $ 92.1
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
16
17. Appendix 1: EBITDA Reconciliation
FY 2004- FY 2006
FY 2004 FY 2005 FY 2006
(in millions)
Net Income (Loss) $ (33) $ 16 $ 50
Interest Expense 38 29 19
Depreciation and Amortization 59 28 35
Provision for Income Taxes (15) 17 18
Income Taxes on Unconsolidated Subs 2
- -
Income Taxes on Discontinued Ops (4) - -
EBITDA $ 45 $ 90 $ 124
02M102007D
Note: EBITDA is defined as earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is an important financial measure used by The
Shaw Group Inc. to assess performance.
17
18. Appendix 2: FY 2008 Reconciliation of
Income excluding Westinghouse
FY 2008
(in millions, except per share data)
Twelve months ended August 31, 2008
Westinghouse Excluding
Consolidated Segment Westinghouse
Revenues $6,998.0 $0.0 $6,998.0
Cost of revenues 6,412.0 0.0 6,412.0
Gross profit 586.0 0.0 586.0
General and administrative expenses 276.3 0.9 275.4
Operating income (loss) 309.7 (0.9) 310.6
Interest expense (8.6) 0.0 (8.6)
Interest expense on JPY-denominated bonds including accretion and amortization (37.4) (37.4) 0.0
Interest income 20.9 0.0 20.9
Foreign currency translation gains (losses) on JPY-denominated bonds, net (69.7) (69.7) 0.0
Other foreign currency transaction gains (losses), net 6.6 0.0 6.6
Other income (expense), net (1.0) 0.1 (1.1)
(89.2) (107.0) 17.8
Income (loss) before income taxes, minority interest, earnings (losses) from
unconsolidated entities (b) 220.5 (107.9) 328.4
Provision (benefit) for income taxes (a) 71.4 (42.2) 113.6
Income (loss) before minority interest and earnings (losses) from unconsolidated entities 149.1 (65.7) 214.8
Minority interest (c) (26.1) 0.0 (26.1)
Income from 20% Investment in Westinghouse, net of income taxes 15.0 15.0 0.0
Earnings (losses) from unconsolidated entities, net of income taxes 2.7 0.0 2.7
Net income (loss) $140.7 ($50.7) $191.4
Net income (loss) per common share:
Basic income (loss) per common share $ 1.71 $ (0.62) $ 2.33
Diluted income (loss) per common share $ 1.67 $ (0.60) $ 2.27
Weighted average shares outstanding:
Basic 82.1 82.1 82.1
Diluted: 84.2 84.2 84.2
02M102007D
Effective tax rate [a/(b+c)] 37% 39% 38%
18 Note: Presents our income statement excluding the Investment in Westinghouse segment
19. Appendix 2: FY 2007 Reconciliation of
Income excluding Westinghouse
(in millions, except per share data) FY 2007
Twelve months ended August 31, 2007
Westinghouse Excluding
Consolidated Segment Westinghouse
Revenues $5,723.7 $0.0 $5,723.7
Cost of revenues 5,348.3 0.0 5,348.3
Gross profit 375.4 0.0 375.4
General and administrative expenses 274.5 2.9 271.6
Operating income (loss) 100.9 (2.9) 103.8
Interest expense (12.8) 0.0 (12.8)
Interest expense on JPY-denominated bonds including accretion and amortization (30.6) (30.6) 0.0
Interest income 13.8 0.0 13.8
Foreign currency translation gains (losses) on JPY-denominated bonds, net (33.2) (33.2) 0.0
Other foreign currency transaction gains (losses), net (5.3) 0.0 (5.3)
Other income (expense), net 0.3 0.0 0.3
(67.8) (63.8) (4.0)
Income (loss) before income taxes, minority interest, earnings (losses) from
unconsolidated entities and loss from and impairment of discontinued operations (b) 33.1 (66.7) 99.8
Provision (benefit) for income taxes (a) 10.7 (26.1) 36.8
Income (loss) before minority interest and earnings (losses) from unconsolidated entities 22.4 (40.6) 63.0
Minority interest (c) (17.7) 0.0 (17.7)
Income from 20% Investment in Westinghouse, net of income taxes 2.2 2.2 0.0
Earnings (losses) from unconsolidated entities, net of income taxes (25.9) 0.0 (25.9)
Net income (loss) ($19.0) ($38.4) $19.4
Net income (loss) per common share:
Basic income (loss) per common share $ (0.24) $ (0.48) $ 0.24
Diluted income (loss) per common share $ (0.24) $ (0.48) $ 0.24
Weighted average shares outstanding:
Basic 79.9 79.9 79.9
Diluted: 79.9 79.9 81.8
02M102007D
Effective tax rate [a/(b+c)] 70% 39% 45%
19 Note: Presents our income statement excluding the Investment in Westinghouse segment
20. Appendix 3: Total Debt Reconciliation
Restated Restated Restated Restated Restated
(in millions) Q4 FY 2008 Q3 FY 2008 Q2 FY 2008 Q1 FY 2008 Q4 FY 2007 Q3 FY 2007 Q2 FY 2007 Q1 FY 2007
Financed Insurance Premiums $0.0 $2.4 $7.4 $11.1 $0.0 $3.1 $6.6 $10.4
Current maturities of long-term debt 4.5 4.4 2.7 4.6 5.4 8.8 9.1 9.5
Short-term revolving line of credit 0.0 0.0 1.0 2.3 0.2 2.8 2.7 2.5
Current portion of obligations under capital leases 1.5 1.8 1.9 2.2 2.1 2.2 2.2 1.8
Short-term debt and current maturities of long-term debt 6.0 8.6 13.0 20.2 7.7 16.9 20.6 24.2
Revolving line of credit 0.0 0.0 0.0 0.0 0.0 0.0 39.0 53.0
Long-term debt, less current maturities 3.3 3.5 3.8 6.6 7.5 8.6 23.8 26.7
Obligations under capital leases, less current portion 0.3 0.4 0.8 1.3 1.8 2.2 2.8 3.0
Long-term debt, less current maturities 3.6 3.9 4.6 7.9 9.3 10.8 65.6 82.7
Japanese Yen-denominated long-term bonds secured by
Investment in Westinghouse, net 1,162.0 1,197.1 1,187.8 1,145.6 1,087.4 1,033.9 1,048.3 1,080.6
Total Debt $1,171.6 $1,209.5 $1,205.4 $1,173.7 $1,104.4 $1,061.6 $1,134.5 $1,187.5
Less: Westinghouse Debt 1,162.0 1,197.1 1,187.8 1,145.6 1,087.4 1,033.9 1,048.3 1,080.6
Total Debt, excluding Westinghouse $9.6 $12.5 $17.6 $28.1 $17.0 $27.7 $86.2 $106.9
02M102007D
Note: To show our total debt excluding the Japanese Yen-denominated bonds
20