Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[gionmorg]

DIC Asset AG is planning a corporate bond with a volume of 100 million €
Listing of the bond is scheduled for early May in the Entry Standard
The SDAX-listed property company DIC Asset AG (ISIN DE0005098404) decided to issue a five-year corporate bond with a volume of up to 100 million euros. The bearer bond would be based in a public offering to retail and institutional investors in Germany and Austria. It can probably be drawn in May 2011 in denominations of 1,000 €. The Company intends to include the borrowing in the open market of the German Stock Exchange (Entry Standard segment for bonds).

DIC Asset AG is the first publicly traded real estate companies in Germany that offers such a large volume corporate bond market in the capital. The issuance of a corporate bond also offers the company an additional flexible and attractive way of debt financing over the traditional mortgage loan.

Further details on the bond is expected end of April 2011

announced. The need for a public offer prospectus is also expected end of April 2011 on the website of DIC Asset AG publishes. The company, Berenberg Bank has appointed as global coordinator and bookrunner for the placement of the Notes as part of the issue.

 

[gionmorg]

12:04:11
ALBA High Yield Bond
Duration: 7 years (non call 3 years), volume 200 million €
The recycling company ALBA emits a high-yield corporate bond with a maturity of 7 years and an issue size of € 200 million. The net proceeds will be used to further reduction of existing bank loans. Coupon details are not yet known.

Of the transaction:

Issuer: Alba plc Group & Co. KG
Format: Senior Notes
Duration: 7 years
Call Protection: 3 years
Use of funds: funding of liabilities
Joint Bookrunner: German bank, Commerzbank, IKB, UniCredit, WestLB
Co-Manager: HSH Nordbank
Denomination: 100.000 + 1.000 €
Listing: Luxembourg
Applicable Law: German Law
Road Show today in Frankfurt and Dusseldorf, Wednesday in London, Thursday in Paris

The ALBA Group consists of the two independent companies and ALBA Interseroh and operates with an annual sales volume of 2.73 billion euros and around 9,000 employees Jin approximately 200 subsidiaries and associated companies in Germany and another twelve European countries and in Asia and the U.S. . Thus, the ALBA Group is a leading European provider of environmental services and commodities. Focus of the operational activities of Interseroh are organizing the collection of packaging and products, and marketing of secondary raw materials, particularly metal scrap. Focus of the operational activities of ALBA are disposal services for municipal and commercial sector, marketing of secondary raw materials, development and operation of recycling and production and the design and implementation of Facility Services.

 

[gionmorg]

Geo Travel Finance SCA issued high-yield bond
Duration 8 years, Whisper: over 8%
The Geo Travel Finance SCA emits a high-yield bond with a maturity of 8 years and a volume of 175 million €. We expect a yield of over 8%.

Issuer: Geo Travel SCA
Format: Senior notes
Volume: 175 million €
Expectation. Ratings: Caa1, B-
Duration: 8 years
Call Protection: 4 years
Covenants: the usual high-yield covenants
Listing: Ireland
Angew. Law: New York Law
Global Coordinators: Goldman Sachs, Credit Suisse
Joint Book Runner: Societe Generale and UBS

 

[gionmorg]

New High Yield Bond PIK: Frostbite 1 AB (Dometic Group)
Expectation. Ratings: Caa1 CCC +
The Frostbite 1 AB (Dometic Group) issued a High Yield PIK bonds with a maturity of 8 years and a volume of 200 million €. The expected ratings are: Caa1 or CCC +! The transaction is accompanied by Goldman Sachs. In PIK bonds (Pay-in-kind note) the interest is paid only at maturity.

Dometic manufactures automotive air conditioning, insulated containers and refrigerators for the food sector and robust catering equipment for the military.

Issuer: Frostbite 1 AB
Format: Senior PIK Notes
Volume: 200 million €
Expectation. Ratings: Caa1 CCC +
Duration: 2019
Call Protection: 3 years
Denomination: 100.000 + 1.000 €
Listing: Luxembourg
Road Show Dates: 11.4. London, 12.4. Paris, 13.4. London

 

[gionmorg]

KION (Linde / Still forklift) emits high-yield bond
Duration: 7 years, dual phase: Fixed rate (expected: 8.0%) and Floating Rate Note
KION (Linde / Still forklift) emits a high-yield bond in the amount of 400 million €. There are a tranche with a fixed rate of interest and a floating rate. The maturity of each 7 years. Expect a coupon of 8.0% for the portion of a fixed coupon and a spread of 425-450 basis points over 3-month Euribor at a floating rate tranche. The transaction is of German bank, BNP Paribas, Commerzbank, Goldman Sachs accompanied, KKR and UniCredit. The books will be closed soon.

The KION Group is a leading global supplier of forklift trucks, warehouse equipment and other material handling equipment and market leader in Europe. With the integration of the Chinese joint ventures KION Baoli (Jiangsu) Forklift Co., Ltd.. (January 2009), the KION Group is also the largest foreign truck manufacturer in China.

KION approximately 20,000 employees and 2010 more than 3.5 billion euros. With the brands Linde, STILL and OM and Baoli and a presence in over 100 countries KION is a global player.

Of the transaction:

Issuer: KION Finance SA
Format: senior secured notes and senior secured floating rate notes
Volume: 400 million €
Duration: 7 years
Call Protection: 3 years (fixed), 1 year (variable)
Use of funds: funding of liabilities
Denomination: 100.000 + 1.000 €
Listing: Luxembourg
Angew. Law: New York Law
Internet: Homepage | KION Group

 

[fabriziof]

gion grazie delle segnalazioni ,ma non sarebbe meglio postarli sul 3d apposito delle nuove emissioni?

 

[gionmorg]

Raga stavo pensando, ma se facessimo un file a mò quello delle perpetual con bond HY aventi cedola, che so, magari superiori al 7/7.5 % con tutte le caratteristiche?

 

[gionmorg]

gion grazie delle segnalazioni ,ma non sarebbe meglio postarli sul 3d apposito delle nuove emissioni?

Trattasi di tutti bond HY, quindi il luogo più naturale IMHO è questo, se poi qualcun altro si vuol prendere la briga di ripassarli di là è ben accetto.

 

[gionmorg]

Heidelberger Druckmaschinen High-Yield Bonds: Guidance from 9.50 to 9.75%
Books close at 15.30 clock
Heidelberger Druckmaschinen AG emits a high-yield bond with a maturity of 7 years and a volume of 300 million Euro.Erwartet is a return of 9.50 to 9.75%. The transaction is accompanied by German Bank, Citi, BNP Paribas, Commerzbank and LBBW. The roadshow begins today in London, details of the coupon are not yet known.

Of the transaction:

Issuer: Heidelberger Druckmaschinen AG
Format: Senior Notes
Ratings: Not yet known
Duration: 7 years (Non Call 3 years)
Volume: 300 million €
Denomination: 50.000 + 1.000 €
Road Show Dates: Today and tomorrow in London, Wednesday and Thursday in continental Europe
Bookrunner: German Bank, Citi, BNP Paribas, Commerzbank and LBBW
Co-Manager: DZ Bank, HSBC, WestLB
Internet: http://www.heidelberg.com

 

[gionmorg]

Payom Solar Bond - subscription period begins on Monday
Maturity of 5 years, coupon 7.5%
Payom Solar AG is issuing a corporate bond trading in the stock market segment Bondm Stuttgart. From 28 March 2011 to draw investors have the opportunity to bond in the Entry Standard of the already-listed solar energy company. The bond of Payom Solar AG for a total of up to € 50 million has a term until 2016 and is equipped with a coupon of 7.5%. Private investors can buy the € 1,000 nominal fractional bond under the symbol A1H3M9 directly through their bank by sending a purchase order with the Stuttgart Stock Exchange.

Payom Solar AG in 2011, the sixth company which issues a bond in the trading segment Bondm. The subscription period of the Bondm-Zeichnungsbox for the borrowing of Payom Solar AG runs from 28 March and 6 April 2011, will be terminated prematurely in the over-subscription. After the expiry of the subscription period, the bond in the Bondm segment of the Stuttgart Stock Exchange is taken up and acted normal.

Since the start of Bondm in May 2010, the Stuttgart stock exchange has included corporate bonds with a total volume of around 1 billion euros in the SME segment. "The market environment is favorable and the interest rate for corporate bonds remains," says Sabine Traub, director of primary market EUWAX AG.

Basic data of Payom Solar Bond:

Issue volume: up to EUR 50,000,000
Drawing start: 28 March 2011
Denomination: 50,000 in nominal value of EUR 1,000
Minimum investment: EUR 1,000
ISIN: DE000A1H3M96
WKN: A1H3M9
Duration: 8 April 2011 to 7th April 2016
Interest rate: 7.50% pa
Interest payment: yearly, commencing at 8 April 2012
Redemption price: 100%
Security: Bearer debenture

About Payom Solar AG:

Payom Solar AG is a vendor-independent system provider of solar systems. The company designs, builds and sells in Europe and the U.S. photovoltaic systems for both open spaces and at home and in Aufdachsegment from home equipment to large industrial plants and delivers them ready to institutional and private investors and operators.