rockytamtam
Forumer storico
Com'è la posizione finanziara di wind , che non la conosco per nulla ? Grazie.
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
amorgos34
CHIAGNI & FOTTI SRL
No dai,
le cedole (scontante dal tasso del risk free, diciamo il BOT) puoi permetterti di metterle.
qquebec
Super Moderator
drbs315
Forumer storico
Preso oggi otc un cippino insignificante dei macellai brasileiri Marfrig sugli 88,5; i conti in effetti sono inquietanti, ma confido che il default non sia immediato e che, prima di passare eventualmente da esso, facciano in tempo, in un modo o nell'altro, ad arrivare all'olimpiade (di solito un'ottima occasione per magnare, e non intendo carne), per cui un ritorno dei titoli sui 100 sarebbe un'ottima occasione d'uscita.
Entrata cmq misera, a mò di puntatina, guardando ibilanci scommessa, non investimento..
Entrata cmq misera, a mò di puntatina, guardando ibilanci scommessa, non investimento..
Joe Silver
Forumer storico
drbs315
Forumer storico
Ultimo scambio (4k) a Stuttgard a 90,5...sei già in gain
Vediamo come va a finire..
Urbi Desarrollos Urbanos SAB, Mexico’s third-biggest homebuilder by revenue, said it won’t make the $6.4 million interest payment due today on its 2016 dollar bonds “at this time.”
The company plans to use a 30-day grace period for the payment, according to a filing distributed by the Mexican stock exchange. Urbi is in the process of analyzing its business and operations, according to the statement.
The bonds due in 2016 rose 2.77 cents to 34.86 cents on the dollar at 12:28 p.m. in Mexico City, according to data compiled by Bloomberg. Urbi’s shares fell 3.2 percent.
To contact the reporter on this story: Jonathan Levin in Mexico City at [email protected]
To contact the editor responsible for this story: David Papadopoulos at [email protected]
The company plans to use a 30-day grace period for the payment, according to a filing distributed by the Mexican stock exchange. Urbi is in the process of analyzing its business and operations, according to the statement.
The bonds due in 2016 rose 2.77 cents to 34.86 cents on the dollar at 12:28 p.m. in Mexico City, according to data compiled by Bloomberg. Urbi’s shares fell 3.2 percent.
To contact the reporter on this story: Jonathan Levin in Mexico City at [email protected]
To contact the editor responsible for this story: David Papadopoulos at [email protected]
fabriziof
Forumer storico
Homex Bonds, Stocks Soar as Slim to Buy Company’s Prisons
Desarrolladora Homex SAB, the Mexican homebuilder seeking to avoid a debt restructuring, agreed to sell its stake in two prisons to companies controlled by billionaire Carlos Slim. Homex’s bonds and stock surged.
Homex said in a stock exchange filing it will raise about 4 billion pesos ($326 million) in a sale to Slim’s Ideal and Grupo Financiero Inbursa SAB, which had 1.8 billion pesos in outstanding loans to Homex at the end of last year. The company, based in Culiacan, will use about half of the money as working capital and the rest to pay down debt ahead of schedule.
The company’s bonds due in 2020 soared 20.05 cents, a record, to 79.11 cents on the dollar at 4 p.m. in Mexico City, according to data compiled by Bloomberg. The shares jumped 40 percent, the most ever, to 16.89 pesos.
Homex’s creditors are getting a respite after the securities plunged on concern Mexico’s biggest publicly-traded homebuilders will struggle to generate cash after the government shifted its housing policy to emphasize capital-intensive apartment construction near cities, instead of single-family homes in commuter towns. While competitors Urbi Desarrollos Urbanos SAB and Corp. Geo SAB hired banks for advice on possible restructurings, Homex has said it would seek to raise cash through asset sales and junior debt issuance.
“What’s really impressive is the willingness to pay these guys have shown,” Jim Harper, director of corporate research at BCP Securities LLC, said in a telephone interview from Greenwich. “You would think that there would be a temptation to follow the same path” as Geo and Urbi.
Slim’s bank, Inbursa, and construction firm Impulsora del Desarrollo y el Empleo en America Latina SAB, known as Ideal (IDEALB1), will buy the stake in the prisons, one in Morelos state and the other in Chiapas. Homex expects to stay on as builder of the prison in Morelos and to participate in the operations of both prisons, according to the statement.
Prison Business
As the transaction buys Homex time to adapt to the changing homebuilder industry, it’s giving Slim the opportunity to enter the prison business, according to an e-mail today from the billionaire’s son, Inbursa Chairman Marco Antonio Slim.
Homex had bank loans through Inbursa totaling at least 1.8 billion pesos as of the end of 2012, according to the builder’s fourth-quarter report.
Urbi said today that it wouldn’t make the $6.4 million bond payment due today. The Mexicali, Mexico-based company said it planned to use the 30-day grace period for payment while it reviews its business, according to a regulatory filing today.
Desarrolladora Homex SAB, the Mexican homebuilder seeking to avoid a debt restructuring, agreed to sell its stake in two prisons to companies controlled by billionaire Carlos Slim. Homex’s bonds and stock surged.
Homex said in a stock exchange filing it will raise about 4 billion pesos ($326 million) in a sale to Slim’s Ideal and Grupo Financiero Inbursa SAB, which had 1.8 billion pesos in outstanding loans to Homex at the end of last year. The company, based in Culiacan, will use about half of the money as working capital and the rest to pay down debt ahead of schedule.
The company’s bonds due in 2020 soared 20.05 cents, a record, to 79.11 cents on the dollar at 4 p.m. in Mexico City, according to data compiled by Bloomberg. The shares jumped 40 percent, the most ever, to 16.89 pesos.
Homex’s creditors are getting a respite after the securities plunged on concern Mexico’s biggest publicly-traded homebuilders will struggle to generate cash after the government shifted its housing policy to emphasize capital-intensive apartment construction near cities, instead of single-family homes in commuter towns. While competitors Urbi Desarrollos Urbanos SAB and Corp. Geo SAB hired banks for advice on possible restructurings, Homex has said it would seek to raise cash through asset sales and junior debt issuance.
“What’s really impressive is the willingness to pay these guys have shown,” Jim Harper, director of corporate research at BCP Securities LLC, said in a telephone interview from Greenwich. “You would think that there would be a temptation to follow the same path” as Geo and Urbi.
Slim’s bank, Inbursa, and construction firm Impulsora del Desarrollo y el Empleo en America Latina SAB, known as Ideal (IDEALB1), will buy the stake in the prisons, one in Morelos state and the other in Chiapas. Homex expects to stay on as builder of the prison in Morelos and to participate in the operations of both prisons, according to the statement.
Prison Business
As the transaction buys Homex time to adapt to the changing homebuilder industry, it’s giving Slim the opportunity to enter the prison business, according to an e-mail today from the billionaire’s son, Inbursa Chairman Marco Antonio Slim.
Homex had bank loans through Inbursa totaling at least 1.8 billion pesos as of the end of 2012, according to the builder’s fourth-quarter report.
Urbi said today that it wouldn’t make the $6.4 million bond payment due today. The Mexicali, Mexico-based company said it planned to use the 30-day grace period for payment while it reviews its business, according to a regulatory filing today.
Ultima modifica:
fabriziof
Forumer storico
Germany's Solarworld Working on Qatari-Backed Rescue Plan-Sources
By Dow Jones Business News, April 19, 2013, 01:02:00 PM EDT
Vote up
By Hendrik Varnholt and Eyk Henning
FRANKFURT--Troubled German solar company Solarworld AG (SWV.XE) is working on a plan in which current creditors will take over the company almost entirely in a debt-to-equity swap backed by a Qatari investor, three people familiar with the negotiations said Friday.
Under the plan, the company's shareholders will likely end up with a less than 5% stake in Solarworld, while creditors will take the majority, roll parts of their debt into longer dated maturities and/or forego on parts of their claims in a so called 'haircut', these people say. An agreement could be reached by mid-May, one of the sources said.
In one of the scenarios discussed, creditors would be paid out around 7% in cash over the next two years and would prolong the maturity of around one third of the debt outstanding, two of these people say, adding that the remainder would be swapped into equity.
It also foresees that a Qatari investor, which backs a silicon joint venture between The Qatar Foundation and Solarworld, will provide either fresh equity or guarantees for the part of the debt to be prolonged, these people say.
Up to EUR200 million would be needed to secure the prolonged debt, an institutional bondholder said, adding that Solarworld's creditors mandated Macquarie Group to help with the restructuring. Solarworld wasn't immediately available for a statement and Macquarie declined to comment.
German solar companies, once a showcase industry in the global renewable energies sector, were hit hard by the rise of Asian competitors that built up massive production capacities over the past few years.
The resulting global overcapacities triggered plummeting prices for solar panels that resulted in significant revenue declines for the component makers. The pressure on the industry was exacerbated by subsidy cuts across Europe, making solar projects less attractive.
Germany based Q-Cells, once the world's biggest solar-cell maker, filed for insolvency last year before South Korean industrial conglomerate Hanwha Corp. (000880.SE) snapped up the company.
Write to Eyk Henning at [email protected]
(END) Dow Jones Newswires
04-19-131302ET
Copyright (c) 2013 Dow Jones & Company, Inc.
By Dow Jones Business News, April 19, 2013, 01:02:00 PM EDT
Vote up
By Hendrik Varnholt and Eyk Henning
FRANKFURT--Troubled German solar company Solarworld AG (SWV.XE) is working on a plan in which current creditors will take over the company almost entirely in a debt-to-equity swap backed by a Qatari investor, three people familiar with the negotiations said Friday.
Under the plan, the company's shareholders will likely end up with a less than 5% stake in Solarworld, while creditors will take the majority, roll parts of their debt into longer dated maturities and/or forego on parts of their claims in a so called 'haircut', these people say. An agreement could be reached by mid-May, one of the sources said.
In one of the scenarios discussed, creditors would be paid out around 7% in cash over the next two years and would prolong the maturity of around one third of the debt outstanding, two of these people say, adding that the remainder would be swapped into equity.
It also foresees that a Qatari investor, which backs a silicon joint venture between The Qatar Foundation and Solarworld, will provide either fresh equity or guarantees for the part of the debt to be prolonged, these people say.
Up to EUR200 million would be needed to secure the prolonged debt, an institutional bondholder said, adding that Solarworld's creditors mandated Macquarie Group to help with the restructuring. Solarworld wasn't immediately available for a statement and Macquarie declined to comment.
German solar companies, once a showcase industry in the global renewable energies sector, were hit hard by the rise of Asian competitors that built up massive production capacities over the past few years.
The resulting global overcapacities triggered plummeting prices for solar panels that resulted in significant revenue declines for the component makers. The pressure on the industry was exacerbated by subsidy cuts across Europe, making solar projects less attractive.
Germany based Q-Cells, once the world's biggest solar-cell maker, filed for insolvency last year before South Korean industrial conglomerate Hanwha Corp. (000880.SE) snapped up the company.
Write to Eyk Henning at [email protected]
(END) Dow Jones Newswires
04-19-131302ET
Copyright (c) 2013 Dow Jones & Company, Inc.
Ultima modifica:
- Stato
Similar threads
Obbligazioni societarie
HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
