Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[bia06]

Per info

Giusto per capire, cosa vuol dire nc3?

call nc3 @ par+75% coupon

nc3?

Grazie

February 22, 2013 at 9:10am
CCMO bonds price at par to yield 11.25% with upsizing; terms

Clear Channel Communications yesterday completed an offering of priority-guarantee notes through joint bookrunners Citi, Deutsche Bank, Goldman Sachs, and Credit Suisse, sources said. Terms on the CCC+/Caa1 transaction were inked at the wide end of guidance, though with an upsizing by $75 million, at $575 million. Moreover, an early read from the gray market points to follow-on demand for at least a half-a-point gain on the break, sources add. Proceeds from the company’s return to market after just three months, together with ABL borrowings, will be used to pay down the $847 million outstanding of company’s A term loan due 2014. Note that the facility carries a margin of L+340. Terms:

News | HighYieldBond.com

 

[gualberto]

@bia

dovrebbe essere spiegato a pag.3

 

[bia06]

grazie

thanks

@bia

dovrebbe essere spiegato a pag.3

 

[arkymede74]

Alpine

Alpine scende.....

 

[salvate sns]

Quotaz ed eseguito, or ora:

Kerling XS0480857415 92-93 (buy)

Prego tutti postare quotaz ed eventuali eseguiti.

Eseguito di venerdì ore 15,30 otc 92,98 (buy)

 

[bia06]

KERLING - Market update Feb. 2013

Headlines
Seasonal impacts and cold weather conditions further slowed European PVC demand on top
of the weak underlying economic conditions. Our PVC list price for February has increased
by €25/te from January. The February ethylene contract price was set at €1275/te, which is
the same level as January. The January reported daily chlorine production improved after
the decline in December and caustic stocks reduced at the end of January. European
caustic soda prices have increased by €25/dmt for Q1 2013.
ChlorVinyls commentary
PVC
European demand for PVC in December 2012 was again below previous years and a strong
increase of the PVC inventory at producers was reported. European PVC demand for 2012
was 6% below 2011. Demand in January 2013 continued to be slow with the cold weather
conditions, although there was some improvement from the very low levels experienced over
the Christmas break towards the end of the month.
For February we have announced an increase in our PVC list price of €25/te from January
2013 to a level of €990/te. The continued high value of crude oil and naphtha combined with
unplanned ethylene cracker outages led to roll over for the February MCP ethylene price at
€1275/te.
Several market reporters have implemented non-market corrections to their published pricing
numbers for sPVC as of January 2013. In our market updates we are now only reporting on
the changes in our list prices (until a new PVC Industry price has been established) rather
than refer to any PVC price published by a Market Reporter to avoid any confusion.
Chlorine/caustic
The reported Eurochlor daily chlorine production in January 2013 was 26.4 ktpd, an increase
of 1.2 ktpd over December 2012, but 1 ktpd below January 2012.
Implied European caustic soda daily demand (reported chlorine production, less reported
caustic soda exports, plus the reported caustic soda stock change) in January 2013 was 27.8
kdmt, which was an increase from December 2012 and was also above January 2012.
Reported caustic soda industry stocks decreased to 228 kdmt and are still below average
levels.
The European caustic soda price (as reported by I H S Chemicals Market Advisory Service)
increased by €25/dmt for Q1 2013. INEOS had announced a larger price increase for Q1
2013 but the unexpected increase in caustic soda stocks at year end plus some US imports
into the Mediterranean undermined the pricing initiative. Spot caustic soda prices in January
have remained around $440/dmt FOB Northwest Europe.
Demand for caustic potash in Europe in 2012 was 3% above the same period in 2011.

 

[captain sparrow]

Comincia a diventare interessante anche Intergen 8,5% 2017 (rating BB-) XS0309932092 che è scesa a 90-92. Taglio min. 50K Intergen

quotato su irish stock market, dove si trova anche il prospetto, ma non si riesce a vedere una quotazione. qualcuno più bravo di me ci riesce?in caso per favore postate? grazie a tutti.

 

[Brizione]

Eseguito di venerdì ore 15,30 otc 92,98 (buy)

NOTES KERLING PLC 2017 XS0480857415 acquistata a 97.800 il 28 gennaio 2013​

 

[Brizione]

quotato su irish stock market, dove si trova anche il prospetto, ma non si riesce a vedere una quotazione. qualcuno più bravo di me ci riesce?in caso per favore postate? grazie a tutti.

su BJ è 90/93. Ho chiesto perchè interessa anche a me ma sembra non ci sia molta liquidità al momento.
però sarebbe interessante a quel prezzo. Almeno mi rifaccio dei pessimi acquisti dell'ultimo mese

 

[bia06]

22/2/13
Texas Instruments si è apprezzato del 5,2% venerdì dopo aver annunciato un aumento del suo
dividendo del 33% e un programma addizionale di buy-back da USD5,0 mld.

Forse varrebbe la pena dare un'occhio alle obbligazioni....
Qualcuno ne ha/conosce?
Pareri?

Grazie, buona settimana.