Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
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qquebec
Super Moderator
Mica solo su Eircom
Quando Ineos era a 15 hanno raccomandato di vendere che la baracca sarebbe andata in default a breve. Sulla canadese Mecachrome dicevano di tenere il bond, poi è fallita con un recovery dell'11%. Su Titan Petrochemicals consigliavano di vendere a 19 perché la società era ormai decotta (il bond vale 85 denaro adesso). Meglio affidarsi a una cartomante 
che a questi signori qui
Ultima modifica:
discipline
Guest
Per chi segue Petrol (nik?):
Fitch Takes Bulgaria’s Petrol AD Off ‘Rating Watch Negative’
Fitch Ratings has affirmed a CC rating for Petrol AD, Bulgaria’s biggest fuel distributor, and taken the company off “rating watch negative’ on improved cash flow in 2010 and better cost-cutting.
Fitch placed Petrol and a 100 million-euro bond due in October 2011 on negative watch on July 28, 2010, reflecting concern over the company’s ability to repay its debt, the rating company said in a statement today. Fitch placed the bond on a Recovery Rating R4, it said.
‘‘The ratings reflect the company’s high refinancing risk,” Fitch said.
Petrol plans to redeem the bonds by either raising new bank funding or through a sale and lease-back transaction in the next few months, according to Fitch.
Fitch Takes Bulgaria’s Petrol AD Off ‘Rating Watch Negative’
Fitch Ratings has affirmed a CC rating for Petrol AD, Bulgaria’s biggest fuel distributor, and taken the company off “rating watch negative’ on improved cash flow in 2010 and better cost-cutting.
Fitch placed Petrol and a 100 million-euro bond due in October 2011 on negative watch on July 28, 2010, reflecting concern over the company’s ability to repay its debt, the rating company said in a statement today. Fitch placed the bond on a Recovery Rating R4, it said.
‘‘The ratings reflect the company’s high refinancing risk,” Fitch said.
Petrol plans to redeem the bonds by either raising new bank funding or through a sale and lease-back transaction in the next few months, according to Fitch.
Ultima modifica di un moderatore:
Camajan
Forumer storico
ho rinvigorito la mia posizione su IKB (isin XS0171797219) 3 giorni fà ma ho ancora liquidità
fabriziof
Forumer storico
consent solicitation e relativa fee richiesta ai possessori di bond INEOS.per chi è interessato il comunicato disponibile suu www.luxnext.com
Consent request from Ineos
Ineos needs acceptance from the bond holders
in connection with the joint venture with
PetroChina which aims to initiate cooperation
within the business unit Ineos Refing. Ineos has
therefore issued a consent requesting investors
to accept the company’s transfer of activities
within Refining to a 50-50 joint venture with
PetroChina and application of the proceeds to
refinance the company’s senior loan facilities,
including the company’s Term Loan A, Term
Loan B, Term Loan C and Term Loan D.
The refinancing implies that the company’s
current senior loan facilities will be replaced by
a new senior loan facility. However, the
refinancing implies that Term Loan D of EUR
650m, currently subordinated to €9.25% 2015,
will be refinanced by a new senior loan facility.
Ineos offers investors in the bond issues €9.25%
2015, $9% 2015, €7.875% 2016 and $8.5%
2016 a consent fee of 2.5 per 1,000 nominal
value. The offer is conditional on investors
accepting the offer not later than 18 March
2011 (JB deadline most likely Wednesday 16
March 2011). We recommend investors to
accept the offer from Ineos and maintain our
BUY recommendation for Ineos €9.25% 2015
and Ineos €7.875% 2016.
qquebec
Super Moderator
Bisogna vedere se l'Italia può aderire
discipline
Guest
Su Iwbank Head 96,5/97,5
qquebec
Super Moderator
Se scende ancora un po', si potrebbe incrementare.
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