Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (14 lettori)
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
iguanito
Forumer storico
Risultati probanti direi, poichè si riferiscono al periodo invernale che dovrebbe essere il migliore per loro.
Cat XL
Shizuka Minamoto
sì ,credo di restare ,zlomrex è una fede
Cognor (Zlomrex)
ZLOM EUR 8.25% February 2014 68 – 72 YTM 74.63%
Trading update
Yesterday the company released its first quarter trading update showing continued weakness in the results. Revenues declined from PLN 399m in 1Q12 to PLN 284m in 1Q13, a decline of 29% yoy. The company reported EBITDA of PLN11.7m and adjusted EBITDA of PLN 7.7m in 1Q13 vs. EBITDA of PLN 14.4m and adjusted EBITDA of PLN 18.3m in 1Q12. The company said that weak steel market with significant deterioration of demand has hit its performance and the company has been shifting towards more sophisticated steel products in order to preserve margins. Net loss for the first 3 month of 2013 amounted to –PLN 24.6m vs. a net profit of PLN 14.1m in 1Q12. Cash flow from operating activities amounted to PLN 14.7m in 1Q13 vs. a cash outflow of PLN 6m in 1Q12. At the end of 1Q13 the company had PLN 44.5m of cash compared to PLN 64.2m at the end of 2012 and PLN 53.8m at the end of 1Q12. Net debt stood at PLN 530.8m at the end of March resulting in net debt to LTM EBITDA ratio of 10.2 x. According to company’s statement, for the past few quarters it has been analyzing the available options in terms of acquiring new long-term financing sources for the needs of the existing business and primarily to address the upcoming maturity of the outstanding Notes. The company said that it has "initiated a formal bondholder identification process" and that it had discussed "on an informal basis various possibilities for a long-term sustainable capital structure" with numerous bondholders. Bond prices remain at pre-announcement level despite the weak financial results.
voilà
Allegati
iguanito
Forumer storico
Dov'è quotato questo bond?
Joe Silver
Forumer storico
Vale do Rio Doce
Oltre a quello postato dal nostro Brizione, c'è anche la US91911TAH68 2036 cedola 6,875% che ho preso due giorni fà a 115,1. Probabile che oggi il prezzo sia migliore, perchè mi sembra ci sia un certo ritracciamento dei titoli lunghissimi (io sto incrementando...chissà se questa volta ci piglio, tanto per cambiare).
Oltre a quello postato dal nostro Brizione, c'è anche la US91911TAH68 2036 cedola 6,875% che ho preso due giorni fà a 115,1. Probabile che oggi il prezzo sia migliore, perchè mi sembra ci sia un certo ritracciamento dei titoli lunghissimi (io sto incrementando...chissà se questa volta ci piglio, tanto per cambiare
).
(password = ATUIR5681)
II Holdings Announces Proposed Offering Of Senior Notes
RESTON, Va., May 16, 2013 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced its intention to offer, through its wholly owned subsidiary NII International Telecom S.C.A., approximately $500 million principal amount of senior notes due 2019 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions pursuant to Regulation S under the Securities Act. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by NII Holdings.
(Logo: Login )
NII intends to use the net proceeds from the notes offering to fund the payment in full of its Mexico bank loan and the remaining net proceeds to repay a portion of one of its Brazil bank loans.
The notes being offered have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the use of forward-looking terminology, including "may," "believe," "will," "expect," "anticipate," "estimate," "plan," "intend," and "forecast," or other similar words. Statements contained in this press release are based upon information presently available to us and assumptions that we believe to be reasonable. We are not assuming any duty to update this information should those facts change or should we no longer believe the assumptions to be reasonable. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's securities, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the Securities and Exchange Commission. There is no assurance that NII Holdings, Inc. will complete the sale of the notes.
Media Contacts:
NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, VA. 20190
(703) 390-5100
NII Holdings - Multinational Telecommunications company for localized operations throughout the Spanish and Portuguese-speaking world.
RESTON, Va., May 16, 2013 /PRNewswire/ -- NII Holdings, Inc. [NASDAQ: NIHD] today announced its intention to offer, through its wholly owned subsidiary NII International Telecom S.C.A., approximately $500 million principal amount of senior notes due 2019 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions pursuant to Regulation S under the Securities Act. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of Luxembourg, and guaranteed by NII Holdings.
(Logo: Login )
NII intends to use the net proceeds from the notes offering to fund the payment in full of its Mexico bank loan and the remaining net proceeds to repay a portion of one of its Brazil bank loans.
The notes being offered have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified by the use of forward-looking terminology, including "may," "believe," "will," "expect," "anticipate," "estimate," "plan," "intend," and "forecast," or other similar words. Statements contained in this press release are based upon information presently available to us and assumptions that we believe to be reasonable. We are not assuming any duty to update this information should those facts change or should we no longer believe the assumptions to be reasonable. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's securities, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the Securities and Exchange Commission. There is no assurance that NII Holdings, Inc. will complete the sale of the notes.
Media Contacts:
NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, VA. 20190
(703) 390-5100
NII Holdings - Multinational Telecommunications company for localized operations throughout the Spanish and Portuguese-speaking world.
- Stato