Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (5 lettori)

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Rating Action:
Moody's assigns B2 rating to Papua New Guinea's proposed senior unsecured notes

04 Sep 2018
Singapore, September 04, 2018 -- Moody's Investors Service ("Moody's") has today assigned a B2 rating to the Government of Papua New Guinea's proposed senior unsecured US dollar-denominated notes.



The rating is based on the preliminary offering memorandum received on 24 August, 2018.



The notes will rank pari passu with the Government of Papua New Guinea's current and future senior unsecured external debt. The B2 rating assigned to the notes mirrors the Government of Papua New Guinea's issuer rating of B2.



The proceeds of the notes are intended to primarily serve to refinance existing short-term domestic debt and finance government spending on infrastructure and development projects and operational expenses for the APEC Summit in November 2018.
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gionmorg

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Transocean to buy Ocean Rig in $2.7B cash and stock deal
Sep. 4, 2018 7:00 AM ET|About: Ocean Rig UDW Inc. (ORIG)|By: Carl Surran, SA News Editor


Transocean (NYSE:RIG) agrees to acquire Ocean Rig UDW (NASDAQ:ORIG) in a cash-and-stock deal valued at $2.7B, including debt, that RIG says will enhance its position as the leader in ultra-deepwater and harsh environment drilling.

RIG is offering 1.6128 newly issued shares plus $12.75 in cash for each ORIG common share, for a total implied value of $32.28/share, representing a 19.2% premium to Friday’s closing price; RIG and ORIG shareholders would own ~79% and 21%, respectively, of the combined company.

RIG says the acquisition will result in a combined fleet of 57 floaters, with 17 of the top 50 and 31 of the top 100 ultra-deepwater drillships in the industry; its backlog would increase by $743M for a combined total of $12.5B.
 

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