fabriziof
Forumer storico
anche a me ora
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
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fabriziof
Forumer storico
Eircom seeking €300m in new financing
The Sunday Times reported Eircom is considering proposals to inject €300m in cash into the company as it battles to avoid breaching its banking covenants. Singapore Technologies Telemedia, which owns a majority stake in Eircom, has signalled to the company’s management that it is prepared to inject €200m. The Employee Share Ownership Trust (ESOT), which owns 35pc of Eircom, is discussing plans to invest up to €100m to avoid a dilution of its stake.
Under the proposals, some of the cash would be used to buy back Eircom’s debt at a discount, particularly its payment-in-kind (PIK) notes of junior debt. Senior STT executives are expected in Dublin within two weeks to discuss the proposals.
Eircom’s management, led by CEO Paul Donovan, is rewriting its three-year business plan after being asked by STT to review it because of deteriorating market conditions in Ireland.
Eircom said the review was routine but it is understood that the new business plan must be finalised before STT will take the plunge to invest.
qualcosa si muove sul fronte eircom .sono disperatamente ottimista (o totalmente folle)incrementati 75000 pik a 11!!!
The Sunday Times reported Eircom is considering proposals to inject €300m in cash into the company as it battles to avoid breaching its banking covenants. Singapore Technologies Telemedia, which owns a majority stake in Eircom, has signalled to the company’s management that it is prepared to inject €200m. The Employee Share Ownership Trust (ESOT), which owns 35pc of Eircom, is discussing plans to invest up to €100m to avoid a dilution of its stake.
Under the proposals, some of the cash would be used to buy back Eircom’s debt at a discount, particularly its payment-in-kind (PIK) notes of junior debt. Senior STT executives are expected in Dublin within two weeks to discuss the proposals.
Eircom’s management, led by CEO Paul Donovan, is rewriting its three-year business plan after being asked by STT to review it because of deteriorating market conditions in Ireland.
Eircom said the review was routine but it is understood that the new business plan must be finalised before STT will take the plunge to invest.
qualcosa si muove sul fronte eircom .sono disperatamente ottimista (o totalmente folle)incrementati 75000 pik a 11!!!
fabriziof
Forumer storico
oggi il pik si vendeva a 8.spread pazzesco.al momento resta una scommessa.vediamo se continua a salire.
Cat XL
Shizuka Minamoto
Occhio ragazzi perche' qui stiamo trattando con una societa' praticamente semi-defaultata (o defoltata)...Non mi aspetto elemosina da Singapore ma almeno un trattamento fair...
nik.sala
Money Never Sleeps
CAT riesci gentilmente a dirmi se ci sono market maker su questo isin ???
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nik.sala
Money Never Sleeps
CAT riesci gentilmente a dirmi se ci sono market maker su questo isin ???
XS0271812447 PETROL AD
...in barba ai nostri calcoli, mi è giunta notizia che ONO FINANCE richiama al 28/02 i suoi bond 2014
capire che senso ha prima una tender offer poi una call dopo un mese...boh !!!
Cat XL
Shizuka Minamoto
CAT riesci gentilmente a dirmi se ci sono market maker su questo isin ???
XS0271812447 PETROL AD
73-77 in questo momento
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