Gaudente
Forumer storico
beh, loro riprestano i soldi a tassi tra il 7% ed il 40% mensile Products | www.4finance.com quindi di margine per pagare a noi l'11% annuo ce ne sta , bisogna vedere pero' quante sole si beccano
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
bia06
Listen other's viewpoint avoid conflicts & wars.
Qualcuno sa a quanto sono state collocate, lun 13/6, queste e qual´e´ l´ISIN?
Grazie
☆☆☆ NEW EUR ISSUE - Salini Impregilo SpA 5NCL ☆☆☆
Issuer: Salini Impregilo S.p.A.
Sec Type: Senior Unsecured Notes
Ranking: Pari passu with all senior unsecured indebtedness
Amount: min. €200 million
Maturity/Call: 5NCL
Issuer Ratings: BB+ (stb.) / BB (stb.) (S&P / Fitch)
Exp. Issue Ratings: BB+ / BB (S&P / Fitch)
Change of control: Put at 100%
Covenants: Negative Pledge, Cross Default, Limitation on Indebtedness
UoP: The net proceeds that are not being issued in exchange for the 2018 Notes will be used for partial prepayment of the existing indebtedness (Acquisition Financing)
Business: International industrial group specialised in construction and civil engineering projects
Distribution: RegS
Governing Law: English
Listing: Irish Stock Exchange
Denominations: €100k x €1k
Joingt Bookrunners: Banca IMI, BNPP, GS, Natixis, UniCredit
Roadshow Schedule: June 13: Milan - lunch followed by 1-on-1s
Grazie
☆☆☆ NEW EUR ISSUE - Salini Impregilo SpA 5NCL ☆☆☆
Issuer: Salini Impregilo S.p.A.
Sec Type: Senior Unsecured Notes
Ranking: Pari passu with all senior unsecured indebtedness
Amount: min. €200 million
Maturity/Call: 5NCL
Issuer Ratings: BB+ (stb.) / BB (stb.) (S&P / Fitch)
Exp. Issue Ratings: BB+ / BB (S&P / Fitch)
Change of control: Put at 100%
Covenants: Negative Pledge, Cross Default, Limitation on Indebtedness
UoP: The net proceeds that are not being issued in exchange for the 2018 Notes will be used for partial prepayment of the existing indebtedness (Acquisition Financing)
Business: International industrial group specialised in construction and civil engineering projects
Distribution: RegS
Governing Law: English
Listing: Irish Stock Exchange
Denominations: €100k x €1k
Joingt Bookrunners: Banca IMI, BNPP, GS, Natixis, UniCredit
Roadshow Schedule: June 13: Milan - lunch followed by 1-on-1s
whitesoul9
Forumer storico
Il bond in euro ha taglio minimo 1kcomunque i loro bond in $ hanno taglio minimo 200,000 (per i bond in euro non hanno caricato il prospetto sul sito , ma immagino sia lo stesso) quindi se li possono tenere.
bia06
Listen other's viewpoint avoid conflicts & wars.
Di quale bond parli?e un rating non malvagio con outlook positivo
resta il mistero di una cedola pazzesca
comunque qualcosa ho preso sotto la pari
come si fa a resistere
fabriziof
Forumer storico
Barminco Wins Three-Year Contract at Kundana Gold Mine, a Credit Positive
On 15 June, Barminco Holdings Pty Limited (B2 negative) was awarded an AUD275 million three-year contract at Kundana gold mine, which is majority owned and operated by Northern Star, and located in the Eastern Goldfields of Western Australia. The award is credit positive because the new contract will add about 22% to Barminco’s AUD412 million revenue earned in fiscal 2015 (ended 30 June 2015) and, if it has maintained its usual contract margins, the new contract should add about 19% to Barminco’s fiscal 2015 EBITDA of AUD98 million. The increase in revenue and earnings will help the company maintain its leverage as measured by adjusted debt/EBITDA within the parameters set for its B2 rating at less than 5.25x, in an otherwise challenging environment. We expect the new contract is one of Barminco’s largest and increases the company’s exposure to the gold sector (Exhibit 1). EXHIBIT 1 Barminco Holdings’ Revenue from Gold and Other Commodities Source: Barminco Annual Report and Moody’s Investors Service estimates As shown in Exhibit 2, gold prices – especially in Australian Dollar (AUD) terms, given the weakening of the AUD – have remained relatively stable. Gold prices have not declined by the same magnitude as base metals and bulk commodities. The increased exposure to gold is credit positive because we expect gold prices to remain range bound in the next 12-18 months.
On 15 June, Barminco Holdings Pty Limited (B2 negative) was awarded an AUD275 million three-year contract at Kundana gold mine, which is majority owned and operated by Northern Star, and located in the Eastern Goldfields of Western Australia. The award is credit positive because the new contract will add about 22% to Barminco’s AUD412 million revenue earned in fiscal 2015 (ended 30 June 2015) and, if it has maintained its usual contract margins, the new contract should add about 19% to Barminco’s fiscal 2015 EBITDA of AUD98 million. The increase in revenue and earnings will help the company maintain its leverage as measured by adjusted debt/EBITDA within the parameters set for its B2 rating at less than 5.25x, in an otherwise challenging environment. We expect the new contract is one of Barminco’s largest and increases the company’s exposure to the gold sector (Exhibit 1). EXHIBIT 1 Barminco Holdings’ Revenue from Gold and Other Commodities Source: Barminco Annual Report and Moody’s Investors Service estimates As shown in Exhibit 2, gold prices – especially in Australian Dollar (AUD) terms, given the weakening of the AUD – have remained relatively stable. Gold prices have not declined by the same magnitude as base metals and bulk commodities. The increased exposure to gold is credit positive because we expect gold prices to remain range bound in the next 12-18 months.
- Stato
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