Hall of Shame 2015 – P

The following financial institutions beginning with “P” appear in the 2015 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

Pacific Century Group (China)

Pacific Century Group (China) has made an estimated US$ 127 million available to the nuclear weapons companies listed in this report since January 2012.

Pacific Century Group (China) owns or manages bonds of the nuclear weapon companies for an amount of US$ 127 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Pacific Century Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
BAE Systems United Kingdom 34 0.64 31-3-2015
Fluor United States 28 2.71 31-3-2015
Honeywell International United States 41 0.63 31-3-2015
Huntington Ingalls Industries United States 10 0.74 31-3-2015
MOOG United States 5 1.59 31-5-2015
Orbital ATK United States 9 3.14 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Pacific Mutual (United States)

Pacific Mutual  (United States) has made an estimated US$ 106 million available to the nuclear weapons companies listed in this report since January 2012.

Pacific Mutual  (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 106 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Pacific Mutual

Company Country Total value
(US$ mln)
% Outstanding Filing date
BAE Systems United Kingdom 36 0.70 31-3-2015
Fluor United States 13 1.22 31-3-2015
Northrop Grumman United States 40 0.61 31-3-2015
Safran France 18 1.22 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.
 

Pacific Mutual invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Pelican Bay (United States)

Pelican Bay (United States) has made an estimated US$ 18 million available to the nuclear weapons companies listed in this report since January 2012.

Pelican Bay (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 18 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Pelican Bay

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 18 1.25 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

People’s United Financial (United States)

People’s United Financial (United States) has made an estimated US$ 65 million available to the nuclear weapons companies listed in this report since January 2012.

People’s United Financial (United States) provided loans for an estimated amount of US$ 65 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by People’s United Financial

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Orbital ATK 400 14 9-9-2010 7-10-2015
Orbital ATK 600 21 9-9-2010 7-10-2015
Orbital ATK 1,010 17 8-10-2013 1-11-2018
Orbital ATK 700 12 8-10-2013 1-11-2018

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

Send them a message!

blue-facebook-logoTwitter Logo

 

 

Pictet (Switzerland)

Pictet (Switzerland) has made an estimated US$ 43 million available to the nuclear weapons companies listed in this report since January 2012.

Pictet (Switzerland) owns or manages shares of the nuclear weapon companies for an amount of US$ 43 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Pictet

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 43 0.93 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Platinum Asset Management (Australia)

Platinum Asset Management (Australia) has made an estimated US$ 29 million available to the nuclear weapons companies listed in this report since January 2012.

Platinum Asset Management (Australia) owns or manages shares of the nuclear weapon companies for an amount of US$ 29 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Platinum Asset Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
Jacobs Engineering United States 29 0.52 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.
 

Platinum Asset Management invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

PNC Financial Services (United States)

PNC Financial Services (United States) has made an estimated US$ 928 million available to the nuclear weapons companies listed in this report since January 2012.

PNC Financial Services (United States) provided loans for an estimated amount of US$ 628 million to the nuclear weapon companies (see table below). The table shows all loans closed since January 2012 or maturing after August 2015.

Loans provided by PNC Financial Services

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Closing date Maturity date
Babcock & Wilcox 700 32 22-5-2012 8-6-2017
Babcock & Wilcox 500 33 11-5-2015 11-5-2020
Babcock & Wilcox 400 27 11-5-2015 11-5-2020
Babcock & Wilcox 600 36 11-5-2015 11-5-2020
General Dynamics 1,000 35 14-7-2011 14-7-2016
Huntington Ingalls Industries 489 27 23-9-2013 6-11-2018
Huntington Ingalls Industries 650 35 23-9-2013 6-11-2018
Huntington Ingalls Industries 1,250 71 13-7-2015 13-7-2020
Moog 900 49 18-3-2011 18-3-2016
Moog 900 70 28-3-2013 28-3-2018
Northrop Grumman 500 13 18-8-2012 3-9-2013
Orbital ATK 400 14 9-9-2010 7-10-2015
Orbital ATK 600 21 9-9-2010 7-10-2015
Orbital ATK 200 13 3-9-2012 3-9-2017
Orbital ATK 250 14 8-10-2013 1-11-2020
Orbital ATK 1,010 17 8-10-2013 1-11-2018
Orbital ATK 700 12 8-10-2013 1-11-2018
Orbital ATK 150 7 24-6-2014 24-12-2018
Textron 1,000 75 30-9-2013 4-10-2018
Textron 500 25 23-1-2014 23-1-2019

Source: Thomson ONE Banker, “Loans”, viewed in August 2015.

 

PNC Financial Services (United States) underwrote bond issuances for an estimated amount of US$ 300 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by PNC Financial Services

Company Total value
(US$ mln)
Est. participation of this bank
(US$ mln)
Issue date Maturity date
General Dynamics 900 39 1-11-2012 15-11-2017
General Dynamics 1,000 43 1-11-2012 15-11-2022
General Dynamics 500 21 1-11-2012 15-11-2042
Huntington Ingalls Industries 600 34 17-11-2014 15-12-2021
Moog 300 23 18-11-2014 1-12-2022
Northrop Grumman 850 26 28-5-2013 1-6-2018
Northrop Grumman 1,050 32 28-5-2013 1-8-2023
Northrop Grumman 950 29 28-5-2013 1-6-2043
Textron 250 19 23-1-2014 1-3-2021
Textron 350 26 23-1-2014 1-3-2024
Textron 350 10 23-10-2014 1-3-2025

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.

Send them a message!
 

PNC Financial Services invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

blue-facebook-logoTwitter Logo

 

 

Point72 Asset Management (United States)

Point72 Asset Management (United States) has made an estimated US$ 47 million available to the nuclear weapons companies listed in this report since January 2012.

Point72 Asset Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 47 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Point72 Asset Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
Moog United States 19 0.75 31-3-2015
Orbital ATK United States 28 0.62 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Send them a message!

blue-facebook-logo

 

 

PointState Capital (United States)

PointState Capital (United States) has made an estimated US$ 160 million available to the nuclear weapons companies listed in this report since January 2012.

PointState Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 160 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by PointState Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Northrop Grumman United States 160 0.53 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Polar Capital Holdings (United Kingdom)

Polar Capital Holdings (United Kingdom) has made an estimated US$ 46 million available to the nuclear weapons companies listed in this report since January 2012.

Polar Capital Holdings (United Kingdom) owns or manages shares of the nuclear weapon companies for an amount of US$ 46 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Polar Capital Holdings

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 46 0.99 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.
 

Polar Capital Holdings invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Poplar Forest Capital (United States)

Poplar Forest Capital (United States) has made an estimated US$ 59 million available to the nuclear weapons companies listed in this report since January 2012.

Poplar Forest Capital (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 59 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Poplar Forest Capital

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 59 1.27 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.
 

Poplar Forest Capital invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Power Financial Corporation (Canada)

Power Financial Corporation (Canada) has made an estimated US$ 2,964 million available to the nuclear weapons companies listed in this report since January 2012.

Power Financial Corporation (Canada) owns or manages shares of the nuclear weapon companies for an amount of US$ 2,942 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Power Financial Corporation

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 47 1.01 31-3-2015
Engility United States 11 1.02 31-3-2015
Fluor United States 48 0.56 31-3-2015
General Dynamics United States 887 2.03 31-3-2015
Honeywell International United States 560 0.69 31-3-2015
Northrop Grumman United States 949 3.15 31-3-2015
Raytheon United States 440 1.33 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Power Financial Corporation (Canada) owns or manages bonds of the nuclear weapon companies for an amount of US$ 22 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Power Financial Corporation

Company Country Total value
(US$ mln)
% Outstanding Filing date
Huntington Ingalls Industries United States 8 0.57 31-3-2015
MOOG United States 14 4.83 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Primecap Management (United States)

Primecap Management (United States) has made an estimated US$ 2,425 million available to the nuclear weapons companies listed in this report since January 2012.

Primecap Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 2,425 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Primecap Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 139 2.99 31-3-2015
Airbus Group The Netherlands 1,191 2.33 31-3-2015
Honeywell International United States 771 0.95 31-3-2015
Jacobs Engineering United States 324 5.80 31-3-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

Principal Financial Group (United States)

Principal Financial Group (United States) has made an estimated US$ 81 million available to the nuclear weapons companies listed in this report since January 2012.

Principal Financial Group (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 56 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Principal Financial Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 30 0.61 30-6-2015
Aerojet Rocketdyne United States 8 0.63 30-6-2015
Moog United States 17 0.72 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Principal Financial Group (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 25 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included. 

Bondholdings managed by Principal Financial Group

Company Country Total value
(US$ mln)
% Outstanding Filing date
Safran France 25 1.75 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Send them a message!
 

Principal Financial Group invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

blue-facebook-logoTwitter Logo

 

 

Prospector Partners (United States)

Prospector Partners (United States) has made an estimated US$ 40 million available to the nuclear weapons companies listed in this report since January 2012.

Prospector Partners (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 40 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Prospector Partners

Company Country Total value
(US$ mln)
% Outstanding Filing date
Raytheon United States 40 0.73 31-12-2014

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Prudential (UK) (United Kingdom)

Prudential (UK) (United Kingdom) has made an estimated US$ 787 million available to the nuclear weapons companies listed in this report since January 2012.

Prudential (UK) (United Kingdom) owns or manages shares of the nuclear weapon companies for an amount of US$ 262 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Prudential (UK)

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aerojet Rocketdyne United States 8 0.56 31-3-2015
BAE Systems United Kingdom 242 1.04 1-8-2015
Serco United Kingdom 12 0.54 1-7-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Prudential (UK) (United Kingdom) owns or manages bonds of the nuclear weapon companies for an amount of US$ 525 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Prudential (UK)

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 34 1.68 30-9-2014
BAE Systems United Kingdom 96 1.84 31-3-2015
Boeing United States 95 1.11 31-3-2015
Lockheed Martin United States 100 1.08 31-3-2015
Northrop Grumman United States 65 1.00 31-3-2015
Orbital ATK United States 7 2.20 31-3-2015
Raytheon United States 85 1.58 31-3-2015
Textron United States 43 1.46 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Send them a message!
 

Prudential invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Twitter Logo

 

 

Prudential Financial (US) (United States)

Prudential Financial (US) (United States) has made an estimated US$ 3,267 million available to the nuclear weapons companies listed in this report since January 2012.

Prudential Financial (US) (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 1,699 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Prudential Financial (US)

Company Country Total value
(US$ mln)
% Outstanding Filing date
Boeing United States 1,426 1.52 30-6-2015
Huntington Ingalls Industries United States 77 1.43 30-6-2015
Moog United States 16 0.65 30-6-2015
Northrop Grumman United States 180 0.60 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.

 

Prudential Financial (US) (United States) owns or manages bonds of the nuclear weapon companies for an amount of US$ 1,567 million (see table below). Only holdings of 0.50% or more of the outstanding bonds at the most recent available filing date are included.

Bondholdings managed by Prudential Financial (US)

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 25 1.23 31-5-2015
Airbus Group The Netherlands 26 0.54 31-3-2015
BAE Systems United Kingdom 91 1.74 31-3-2015
Boeing United States 325 3.80 31-12-2014
Fluor United States 15 1.48 31-12-2014
General Dynamics United States 31 0.91 31-12-2014
Honeywell International United States 343 5.27 31-12-2014
Lockheed Martin United States 237 2.58 31-3-2015
Northrop Grumman United States 184 2.83 31-12-2014
Orbital ATK United States 8 2.72 31-5-2015
Raytheon United States 209 3.88 31-12-2014
Textron United States 73 2.47 31-3-2015

Source: Thomson Eikon, “Bond ownership: most recent filings”, viewed in August 2015.

Send them a message!
 

Prudential Financial invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Twitter Logo

 

 

Pzena Investment Management (United States)

Pzena Investment Management (United States) has made an estimated US$ 93 million available to the nuclear weapons companies listed in this report since January 2012.

Pzena Investment Management (United States) owns or manages shares of the nuclear weapon companies for an amount of US$ 93 million (see table below). Only holdings of 0.50% or more of the outstanding shares at the most recent available filing date are included.

Shareholdings managed by Pzena Investment Management

Company Country Total value
(US$ mln)
% Outstanding Filing date
Aecom United States 93 1.86 30-6-2015

Source: Thomson ONE Banker, “Share ownership: most recent filings”, viewed in August 2015.
 

Pzena Investment Management invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

[signature]

Share this with your friends:

   

Send this email!

Click on “Read the Petition” if you want to modify the text!

On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

Hall of Shame Methodology

Which financial institutions are involved in the financing of the selected nuclear weapon companies was researched using annual reports, stock exchange filings and other publications of the companies concerned, archives of trade magazines, local newspapers and the financial press as well as specialized financial databases (Thomson ONE, Bloomberg). Used resources are clearly mentioned.

Financial institutions can be involved in financing companies by providing corporate loans, by assisting companies with share- and bond issues, and by (managing) investments in shares and bonds of these companies. For asset managers and pension funds, the only relevant type of financial involvement is (managing) share- and bondholdings of the selected companies.

In this report, we have focussed on the financial institutions which are found to have most significant financing relationships with one or more of the selected nuclear weapon companies. To select these financial institutions, the following criteria are used:

  • All financial institutions involved in loans and underwriting deals for one or more of the companies since 1 January 2011;
  • All financial institutions which own at least 0.5% of the outstanding shares or bonds of at least one of the companies.

What is included

Each section provides the following information for each financial institution:

The types of financial relations which the financial institution has with one or more nuclear weapon companies. The relations are grouped by loans, investment banking and asset management. Financial activities are listed alphabetically by nuclear weapons company for each category.

The name of the receiving company, the amount, the date and (if known) the purpose for each financial relation.

All data is presented in tables. For loans, the first column represents the names of the selected companies that received the loans, the second column shows which subsidiary or part of the selected company has issued the loan. The third column is the purpose of the loan. The fourth column (# FI’s), shows the number of financial institutes participating in loans as loans are often offered by a syndicate of financial institutions. The fifth column represents the value of the total loan offered by the syndicate to the company. The sixth column is the amount for which this specific financial institute participated in the loan. This amount is calculated depending on the role the financial institute plays in the syndicate, as explained below. The last column shows the date the loan was issued.

The tables for underwriting of share and bond issuances have the same columns. The method for calculating these the value per financial institute can be below.

The tables for share and bondholdings managed by the financial institutions show the nuclear weapon producing companies, the country in which this company is situated, the percentage of all bonds or shares outstanding hold or managed by the specific institution, and the total value of the shares or bonds held by the financial institution in the indicated company.

When comparing this report with last years report please keep in mind that we have excluded some Indian sources due to recently identified errors in the Bloomberg databases regarding Indian Mutual Funds.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers from many different countries. They have provided various types of financial services to nuclear weapon companies.