Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (2 lettori)

[qquebec]

mi ricordavo di questo siparietto con nik che bacchettava due rompiscatole alle prime armi.
riapro il3d per proporre la seguente questione utile per spiegare come funzionano i pik..io ho avuto 10k pik ardagh ma l'ho venduto poco prima dello stacco cedola del 1 settembre 2010.iw il 1 settembre mi ha comunque caricato le nuove obbligazioni che avevo maturato,in numero di 567.ora il 1 marzo,avendo ancora in portafoglio le 567 obbligazioni mi aspettavo di vedermene attribuite altre 25 circa.invece niente.prima di chiamare iw,mi è sorto il dubbio che le obbligazioni date come cedola non diano diritto a ulteriori cedole.qualcuno ne sa di più?

Temo che sia così e che Iw Bank non ne sappia più di te

 

[fabriziof]

Temo che sia così e che Iw Bank non ne sappia più di te

il bello è che mi sono andato a leggere il prospetto e ho scoperto che il bond si può negoziare con minimo 1000 di nominale e io ne ho 567

 

[discipline]

La parabola di Eircom su Jyske:
"We lower price target but maintain our HOLD recommendation"

There was no decisive news regarding a potential debt restructuring. However, an agreement with the trade unions is likely to be concluded this week. The company will open talks with its lenders in March/April 2011 on Eircom’s ‘general financial situation’.
...
We lower our price target for the company’s 2016 bonds to 40 from 50 because we see a risk that Eircom may have started a price war with a potential boomerang effect, thus resulting in increased risk. We maintain our HOLD recommendation.
...
There was no important news regarding debt restructuring or announcement of a final agreement with the unions. However, the company expects to announce a final agreement this week. Based on the announcements in the accounts and the following conference call, technicalities seem to be the barrier separating the parties in their efforts to achieve a final agreement. At the conference call it was announced that the agreement is not conditional on the owners injecting further capital into the company.

https://jyskebank.com/wps/wcm/conne...ERES&CACHEID=4d79fe0046130f8f804b9b39d773bf50

 

[qquebec]

Grohe Holding aumenta l'offerta

Forte domanda per i nuovi bond HY Grohe (XS0604509272) la cui emissione è salita a 500 mln di euro rispetto ai 400 iniziali. Si tratta di un'emissione a tasso variabile (Rating B-) Euribor 3M + 400 bpts con scadenza 2017. Taglio minimo 100K, porco cane

Daily News - 9 March 2011
Grohe issued a Eu500m junk bond on Tuesday afternoon — the first senior secured floating rate note in the European high yield market since 2007. The kitchen and bathroom furnisher initially targeted Eu400m, to fund a tender of that size for its Eu800m FRN due in 2014...

 

[nik.sala]

Forte domanda per i nuovi bond HY Grohe (XS0604509272) la cui emissione è salita a 500 mln di euro rispetto ai 400 iniziali. Si tratta di un'emissione a tasso variabile (Rating B-) Euribor 3M + 400 bpts con scadenza 2017. Taglio minimo 100K, porco cane

Daily News - 9 March 2011
Grohe issued a Eu500m junk bond on Tuesday afternoon — the first senior secured floating rate note in the European high yield market since 2007. The kitchen and bathroom furnisher initially targeted Eu400m, to fund a tender of that size for its Eu800m FRN due in 2014...

Anche per questa, il taglio ci frega...

 

[nik.sala]

Prezzi di oggi pomeriggio

Fage 96/97
novasep 79/80,50
petrol 69/73
atu 89/90
ceva 96/97,50
ikb 83/85
boi 66/67
clondalkin 99/101
abengoa 99,50/99,90
htm 96,50/97,50
eircom 32/33,75
vac 91/96
savcio no carta
ineos 97/97,20

 

[fabriziof]

Fage 96/97
novasep 79/80,50
petrol 69/73
atu 89/90
ceva 96/97,50
ikb 83/85
boi 66/67
clondalkin 99/101
abengoa 99,50/99,90
htm 96,50/97,50
eircom 32/33,75
vac 91/96
savcio no carta
ineos 97/97,20

grazie dei prezzi nik.

 

[fabriziof]

su petrol:
Fitch global rating agency confirmed on March 7 2011 the long-term issuer default rating of Bulgarian fuel distributor Petrol AD of CC, as well as the senior unsecured rating of CC assigned to its 100 million euro notes.

Simultaneously, the agency pulled out the ratings from "negative" watch.

The rating decision was based on the improvement in the company's cash generation and operating margin in 2010 thanks to its cost optimisation measures, the agency said.

The ratings reflect Petrol's weak credit ratios and unsatisfactory corporate management strategies when compared with other sector players.

Currently, the company lacks sufficient funds to repay the notes, which fall due in October 2011, but Fitch has been notified that Petrol plans to repay the debt by either securing new bank funding or through a sale and lease-back agreement in the next few months.

 

[qquebec]

su petrol:
Fitch global rating agency confirmed on March 7 2011 the long-term issuer default rating of Bulgarian fuel distributor Petrol AD of CC, as well as the senior unsecured rating of CC assigned to its 100 million euro notes.

Simultaneously, the agency pulled out the ratings from "negative" watch.

The rating decision was based on the improvement in the company's cash generation and operating margin in 2010 thanks to its cost optimisation measures, the agency said.

The ratings reflect Petrol's weak credit ratios and unsatisfactory corporate management strategies when compared with other sector players.

Currently, the company lacks sufficient funds to repay the notes, which fall due in October 2011, but Fitch has been notified that Petrol plans to repay the debt by either securing new bank funding or through a sale and lease-back agreement in the next few months.

Questo lo dicevano anche lo scorso anno

 

[discipline]

Aggiornamento di ishare al 10/3, ci sto guardando proprio ora, qualche nuovo ingresso (Grohe), vale la pena seguire ATU 11% che perde qualche punto.
Nel vecchio file c'era un problema con i link, ho rimosso Onvista e ho sistemato Ariva, questo file dovrebbe andare meglio.