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

Stato
Chiusa ad ulteriori risposte.
gionmorg ha scritto:
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.
Clicca per allargare...
Buono
 
fedro10 ha scritto:
SCUSATE SE RILANCIO SU SWISSQUOTE vedo questo addirittura superiore al 7.125

Transocean US 8.125% 15.12.2021

SWISSQUOTE

Qualè quella giusta..???? garzie
Clicca per allargare...
Interest Rate Adjustment

dal prospetto pag 15

The interest rate payable on the notes of each series will be subject to adjustments from time to time if either Moody's or S&P or, if either Moody's or S&P ceases to rate the notes of that series or fails to make a rating of the notes of that series publicly available for reasons outside of our control, a "nationally recognized statistical rating organization" within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by us as a replacement agency for Moody's or S&P (a "substitute rating agency"), downgrades (or subsequently upgrades) the credit rating assigned to the notes of that series, in the manner described below.

If the rating from Moody's (or any substitute rating agency therefor) of the notes of a series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of that series will increase such that it will equal the interest rate payable on the notes of that series on the date of their initial issuance plus the percentage set forth opposite the ratings from the table below:


Moody's Rating*
Percentage
Ba1
+0.25 %
Ba2
+0.50 %
Ba3
+0.75 %
B1 or below
+1.00 %

If the rating from S&P (or any substitute rating agency therefor) of the notes of a series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of that series will increase such that it will equal the interest rate payable on the notes of that series on the date of their initial issuance plus the percentage set forth opposite the ratings from the table below:


S&P Rating*
Percentage
BB+
+0.25 %
BB
+0.50 %
BB-
+0.75 %
B+ or below
+1.00 %
 
gualberto ha scritto:
Interest Rate Adjustment

dal prospetto pag 15

The interest rate payable on the notes of each series will be subject to adjustments from time to time if either Moody's or S&P or, if either Moody's or S&P ceases to rate the notes of that series or fails to make a rating of the notes of that series publicly available for reasons outside of our control, a "nationally recognized statistical rating organization" within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by us as a replacement agency for Moody's or S&P (a "substitute rating agency"), downgrades (or subsequently upgrades) the credit rating assigned to the notes of that series, in the manner described below.

If the rating from Moody's (or any substitute rating agency therefor) of the notes of a series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of that series will increase such that it will equal the interest rate payable on the notes of that series on the date of their initial issuance plus the percentage set forth opposite the ratings from the table below:


Moody's Rating*
Percentage
Ba1
+0.25 %
Ba2
+0.50 %
Ba3
+0.75 %
B1 or below
+1.00 %

If the rating from S&P (or any substitute rating agency therefor) of the notes of a series is decreased to a rating set forth in the immediately following table, the interest rate on the notes of that series will increase such that it will equal the interest rate payable on the notes of that series on the date of their initial issuance plus the percentage set forth opposite the ratings from the table below:


S&P Rating*
Percentage
BB+
+0.25 %
BB
+0.50 %
BB-
+0.75 %
B+ or below
+1.00 %
Clicca per allargare...

Grazie mi ricordavo che l'aumento della cedola era dovuto al abbassamento del rating, ma la cedola attuale per me oggi doveva essere 7,125 mentre per IW dice che è correta la 6,875 .
 
Stato
Chiusa ad ulteriori risposte.

Similar threads

Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
513 514 515 516 517
Risposte
5.160
Visite
562.402
fabriziof
gionmorg
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
3222 3223 3224 3225 3226
Risposte
32.254
Visite
444.192
fabriziof

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Alto