iguanito
Forumer storico
Fabri sai a quanto è stato emesso il Baires in euro che scade fra un mese? XS0234088994quando sarà la scadenza attento al disaggio però ,è stato emesso a 80
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (3 lettori)
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
fabriziof
Forumer storico
iguanito
Forumer storico
Perfetto. Volevo la conferma. Anche qui pagheremo qualcosa al rimborso purtroppo
angy2008
Forumer storico
devo stare più attento ai disaggi, questo me lo metto in agenda visto che è grosso così me lo ricorderò ... per maggior cautela lo metto anche nelle ultime volontà non si sà mai meglio essere previdentiquando sarà la scadenza attento al disaggio però ,è stato emesso a 80
fabriziof
Forumer storico
a parte i scherzi l'imposta è spalmata lungo tutta la vita del titolo quindi se uno tiene il titolo per un po' di anni qualcosa paga
IAMGOLD : reduces its long-term debt; extends maturity to 2025 | 4-Traders
dopo cloud peak ecco n'altra, iamgold 6.75....
dopo cloud peak ecco n'altra, iamgold 6.75....
Barbados Anleihe: 7,000% bis 04.08.2022
ULTRA-HIGH YIELD CLUB GETS A NEW MEMBER AS BARBADOS BONDS SLUMP
Posted on March 9, 2017
(Bloomberg) —
Barbados joined the beleaguered group of countries whose dollar bonds yield more than 10 percent after Moody’s Investors Service said the island nation was likely to default.
Yields on the $255 million of notes due in 2035 rose 0.35 percentage point on Thursday to 10.23 percent, joining securities from Venezuela, Mozambique and the Republic of Congo with double-digit yields. Barbados debt is the worst performer this year among more than 60 countries tracked by the Bloomberg USD Emerging Market Sovereign Bond Index, losing 4.7 percent while the gauge rose 2.1 percent.
The tropical island is grappling with weak growth, one of the world’s highest debt burdens, and unwelcome currency appreciation caused by its four-decade-old peg to the U.S. dollar. These pressures are likely to impair its ability to service its debt, Moody’s said Thursday as it downgraded the credit rating to nine levels below investment grade.
“We assess the likelihood of a credit event in the near-term as very high, given the lack of fiscal adjustment and increasingly limited financing options,” Samar Maziad, a senior analyst at Moody’s, wrote. The credit rating company cut the grade one step to Caa3, placing it on the same level as Greece and Ukraine.
The Moody’s downgrade follows a cut by S&P on March 3 and the Feb. 24 firing of central bank Governor DeLisle Worrell, who had threatened to stop financing government spending.
Fired Chief
“The governor being fired would have rattled investors simply because it shows some kind of instability there at a policy-making level,” Royal Bank of Canada economist Marla Dukharan said in an interview. “The governor had started to come out about how bad it really is.”
The 2-to-1 peg with the U.S. dollar is starting to show cracks, and an all-out balance of payments crisis is a possibility, Dukharan said.
The Finance Ministry didn’t reply to calls and emails seeking comment.
Central government debt was above 110 percent of gross domestic product at the end of last year and international reserves fell to $341 million, the lowest level since 2009, Moody’s said.
Finance Minister Christopher Sinckler on Feb. 28 said reserves would rebound on inflows from foreign investors. He ruled out a currency devaluation “next year or at any other time in the foreseeable future. That is simply not going to happen,” he said.
Sinckler is proposing a budget that forecasts a deficit of 4.4 percent of GDP for the fiscal year beginning in April. The $4.5 billion economy is likely to expand by 1.7 percent this year, according to the IMF. The economy is about the same size now as it was a decade ago, following years of weak growth and contraction.
With only about $56 million in interest payments due, the nation of 290,000 people is unlikely to default on international debt this year, said Andrew Stanners, an investment manager at Aberdeen Asset Management. Instead, the government will continue to rely on the central bank to print money, adding to levels of domestic debt, he said.
“The risks are mounting,” said Stanners, who manages about $10 billion in emerging market debt. “They probably can muddle through to 2018.”
Se volete diversificare
ULTRA-HIGH YIELD CLUB GETS A NEW MEMBER AS BARBADOS BONDS SLUMP
Posted on March 9, 2017
(Bloomberg) —
Barbados joined the beleaguered group of countries whose dollar bonds yield more than 10 percent after Moody’s Investors Service said the island nation was likely to default.
Yields on the $255 million of notes due in 2035 rose 0.35 percentage point on Thursday to 10.23 percent, joining securities from Venezuela, Mozambique and the Republic of Congo with double-digit yields. Barbados debt is the worst performer this year among more than 60 countries tracked by the Bloomberg USD Emerging Market Sovereign Bond Index, losing 4.7 percent while the gauge rose 2.1 percent.
The tropical island is grappling with weak growth, one of the world’s highest debt burdens, and unwelcome currency appreciation caused by its four-decade-old peg to the U.S. dollar. These pressures are likely to impair its ability to service its debt, Moody’s said Thursday as it downgraded the credit rating to nine levels below investment grade.
“We assess the likelihood of a credit event in the near-term as very high, given the lack of fiscal adjustment and increasingly limited financing options,” Samar Maziad, a senior analyst at Moody’s, wrote. The credit rating company cut the grade one step to Caa3, placing it on the same level as Greece and Ukraine.
The Moody’s downgrade follows a cut by S&P on March 3 and the Feb. 24 firing of central bank Governor DeLisle Worrell, who had threatened to stop financing government spending.
Fired Chief
“The governor being fired would have rattled investors simply because it shows some kind of instability there at a policy-making level,” Royal Bank of Canada economist Marla Dukharan said in an interview. “The governor had started to come out about how bad it really is.”
The 2-to-1 peg with the U.S. dollar is starting to show cracks, and an all-out balance of payments crisis is a possibility, Dukharan said.
The Finance Ministry didn’t reply to calls and emails seeking comment.
Central government debt was above 110 percent of gross domestic product at the end of last year and international reserves fell to $341 million, the lowest level since 2009, Moody’s said.
Finance Minister Christopher Sinckler on Feb. 28 said reserves would rebound on inflows from foreign investors. He ruled out a currency devaluation “next year or at any other time in the foreseeable future. That is simply not going to happen,” he said.
Sinckler is proposing a budget that forecasts a deficit of 4.4 percent of GDP for the fiscal year beginning in April. The $4.5 billion economy is likely to expand by 1.7 percent this year, according to the IMF. The economy is about the same size now as it was a decade ago, following years of weak growth and contraction.
With only about $56 million in interest payments due, the nation of 290,000 people is unlikely to default on international debt this year, said Andrew Stanners, an investment manager at Aberdeen Asset Management. Instead, the government will continue to rely on the central bank to print money, adding to levels of domestic debt, he said.
“The risks are mounting,” said Stanners, who manages about $10 billion in emerging market debt. “They probably can muddle through to 2018.”
Se volete diversificare
angy2008
Forumer storico
in effetti non mi curo molto dei disaggi perchè incidono solo poco sul rendimento spalmati come fossero un rateo su tutta la durata del titolo, anche questo di 20 punti è poi un 0,2% annuo di differenziale sul disaggio che farebbe 0,052% di imposta eventuale
- Stato