paologorgo
Chapter 11
non gliene può fregar di meno dei BH Italiani... basta che gli istituzionali esprimano i rappresentanti del comitato dei creditori, che non romperanno i c... quando presentano la vendita in 363.
Obbligazioni societarie GM, Ford, Chrysler: il 3D dell'automotive USA
- Creatore Discussione Imark
- Data di Inizio
non gliene può fregar di meno dei BH Italiani... basta che gli istituzionali esprimano i rappresentanti del comitato dei creditori, che non romperanno i c... quando presentano la vendita in 363.
Imark
Forumer storico
Infatti, ora me lo sto leggendo ... non è una questione di adesione individuale ... vado a correggere ...
stordits
Forumer attivo
caspita senza rateo e' una mezza sola
mi stai dicendo che il comitato obbligazionisti ha barattato 8 punti di rateo vero con 15% di warranti??
mi sembra strano...
Ocio che stavolta non c'è il rateo... e il warrant vale qualcosa solo se il titolo raggiunge una quotazione minima, oltretutto non si sa se sarà quotato o meno.
Per il resto, come calcoli il carico? Non sai quante azioni ti daranno nè quanto capitalizzerà la newco
mi stai dicendo che il comitato obbligazionisti ha barattato 8 punti di rateo vero con 15% di warranti??
mi sembra strano...
giangy1934
ex giangy
Leggo solo ora i vs/ post, ma sta cosa è urgente, cioè ci sono già delle scadenze, grazie
paologorgo
Chapter 11
in effetti hanno dimostrato una rara capacità negoziale, dall'impuntatura iniziale sulla garanzia statale per una piccola parte dell'offerta "Wagoner", al no sdegnati al 10% di GM più rateo (fuori dal Ch 11), a questa offerta accettata con entusiasmo/rassegnazione...
Averne, di fronte, di così abili negoziatori...
paologorgo
Chapter 11
Ford Plans First Dollar Bond Sale in More Than a Year (Update1)
By John Detrixhe and Gabrielle Coppola
May 28 (Bloomberg) -- Ford Motor Co., the only U.S. automaker to forgo federal aid, plans to sell 8 percent notes due in 2014 in its first dollar-denominated benchmark offering in more than a year, according to a person familiar with the transaction.
The debt may yield 13 percent, said the person, who declined to be identified because terms aren’t set. A benchmark offering is typically at least $500 million. The sale may occur as soon as today, the person said.
Ford is taking advantage of loosening credit markets to bolster its cash hoard as it grabs market share from U.S. rivals Chrysler LLC and General Motors Corp., said Kingman Penniman of high-yield research firm KDP Investment Advisors. The company could avoid U.S. aid because it borrowed $23 billion in late 2006 before credit markets froze. Chrysler filed for bankruptcy protection in April, and GM may follow June 1, according to people familiar with its plans.
“They’ve been very, very successful and adept at getting the money when the money is available,” Penniman, president of the Montpelier, Vermont-based firm, said today in a telephone interview. “That’s basically why Ford is not a Chrysler or GM.”
As collateral for its 2006 financing, which Chief Executive Officer Alan Mulally dubbed “the world’s largest home-equity loan,” Ford put up all major assets, including its headquarters and its blue oval logo.
Dearborn, Michigan-based Ford may return to profitability by 2011 because of progress in cutting costs and making cars more fuel efficient, Mulally told shareholders at a May 14 meeting.
Angie Kozleski, a Ford spokeswoman, couldn’t immediately be reached for comment on the bond sale.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aGP_ObB4lO20&refer=home
By John Detrixhe and Gabrielle Coppola
May 28 (Bloomberg) -- Ford Motor Co., the only U.S. automaker to forgo federal aid, plans to sell 8 percent notes due in 2014 in its first dollar-denominated benchmark offering in more than a year, according to a person familiar with the transaction.
The debt may yield 13 percent, said the person, who declined to be identified because terms aren’t set. A benchmark offering is typically at least $500 million. The sale may occur as soon as today, the person said.
Ford is taking advantage of loosening credit markets to bolster its cash hoard as it grabs market share from U.S. rivals Chrysler LLC and General Motors Corp., said Kingman Penniman of high-yield research firm KDP Investment Advisors. The company could avoid U.S. aid because it borrowed $23 billion in late 2006 before credit markets froze. Chrysler filed for bankruptcy protection in April, and GM may follow June 1, according to people familiar with its plans.
“They’ve been very, very successful and adept at getting the money when the money is available,” Penniman, president of the Montpelier, Vermont-based firm, said today in a telephone interview. “That’s basically why Ford is not a Chrysler or GM.”
As collateral for its 2006 financing, which Chief Executive Officer Alan Mulally dubbed “the world’s largest home-equity loan,” Ford put up all major assets, including its headquarters and its blue oval logo.
Dearborn, Michigan-based Ford may return to profitability by 2011 because of progress in cutting costs and making cars more fuel efficient, Mulally told shareholders at a May 14 meeting.
Angie Kozleski, a Ford spokeswoman, couldn’t immediately be reached for comment on the bond sale.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aGP_ObB4lO20&refer=home
paologorgo
Chapter 11
NEW YORK, May 28 (Reuters) - The latest bond exchange offer from General Motors Corp (GM.N) "sends a chilling message to all individual bondholders," GM Bondholders Unite, a grass-roots organization representing individual GM creditors, said on Thursday.
"The 'offer' to individual GM bond investors is ridiculously lopsided because it arbitrarily favors other groups, at the expense of the legal rights, under the U.S. Constitution, of hundreds of thousands of individual GM bond investors," the group said in a statement on its website.
GM earlier on Thursday said it had reached a deal with major bondholders that would give them a bigger stake in a reorganized and effectively nationalized automaker and could pave the way for a fast-track bankruptcy by GM within days.
Those large institutional bondholders were offered 10 percent of a reorganized company and warrants to acquire another 15 percent of the equity in the new GM, provided they support a quick U.S. Treasury-backed sale process.
"We aren't asking for a bailout or a handout, just a fair deal," the statement said. "So we have no plans to back down."
A separate group of Main Street bondholders also rejected the new GM offer, citing unfairness in giving unions estimated five times more dollar value per claim than the small bondholders.
The Main Street group said its bondholders intend to seek separate official committee status.
http://www.reuters.com/article/marketsNews/idINN2857553820090528?rpc=44
"The 'offer' to individual GM bond investors is ridiculously lopsided because it arbitrarily favors other groups, at the expense of the legal rights, under the U.S. Constitution, of hundreds of thousands of individual GM bond investors," the group said in a statement on its website.
GM earlier on Thursday said it had reached a deal with major bondholders that would give them a bigger stake in a reorganized and effectively nationalized automaker and could pave the way for a fast-track bankruptcy by GM within days.
Those large institutional bondholders were offered 10 percent of a reorganized company and warrants to acquire another 15 percent of the equity in the new GM, provided they support a quick U.S. Treasury-backed sale process.
"We aren't asking for a bailout or a handout, just a fair deal," the statement said. "So we have no plans to back down."
A separate group of Main Street bondholders also rejected the new GM offer, citing unfairness in giving unions estimated five times more dollar value per claim than the small bondholders.
The Main Street group said its bondholders intend to seek separate official committee status.
http://www.reuters.com/article/marketsNews/idINN2857553820090528?rpc=44
chiedo a voi esperti che fareste al mio posto?
ho comprato 1000 GM 2033 a 16 spendendo poco più di 200€ (bazzecole credendo che GM non possa fallire) quindi devo prendere una decisione dato che domani non saro al computer aderisco alla proposta (anche se non so come si faccia) o le tengo? grazie
ho comprato 1000 GM 2033 a 16 spendendo poco più di 200€ (bazzecole credendo che GM non possa fallire) quindi devo prendere una decisione dato che domani non saro al computer aderisco alla proposta (anche se non so come si faccia) o le tengo? grazie
paologorgo
Chapter 11
Dubito che gli obbligazionisti Italiani possano fare qualcosa, non ci sono i tempi tecnici.
Gli istituzionali (quelli che contano...) probabilmente aderiranno all'offerta, se non altro perchè l'alternativa è zero, ed una lunga lotta in corte. Al Governo serve assicurarsi una tacita accettazione per rendere più veloce il Chapter 11 (ed averlo veloce diventa un vantaggio per i BH, in questo modo, perchè è alla fine del procedimento che avranno le azioni della NuovaGM...). Qualche comitato ha già annunciato che cercherà di opporsi alla nuova soluzione, e quindi, se il giudice giudicherà la loro posizione accettabile, ci potrebbe essere ugualmente un po' di opposizione durante il Chapter 11.
Se vendere o tenere è una tua decisione, hai di fronte l'alternativa vendere e recuperare rateo + prezzo vendita subito, o aspettare e, nel caso passi questa soluzione, vederti assegnate al termine del Ch 11 azioni e warrant della nuova GM, il cui valore dipenderà dall'andamento della nuova azienda risanata.
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