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Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (6 lettori)
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
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sai il taglio minimo? Grazie
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Charlie don't Surf
S&P GR PLACES FORTESCUE SENIOR UNSCRD NOTES ON WATCH POSITIVE
Posted on May 9, 2017
MELBOURNE (S&P Global Ratings) May 9, 2017–S&P Global Ratings today said that it had placed its ‘BB-‘ long-term issue credit rating on Fortescue Metals Group Ltd.’s senior unsecured notes due 2022 on CreditWatch with positive implications. The CreditWatch placement follows Fortescue’s launch of a US$1 billion senior unsecured note–proceeds of which the company will use to repay the outstanding US$976 million term loan due 2019. We will resolve the CreditWatch and assign ratings on the new unsecured notes once Fortescue has raised the proceeds.
The repayment of the term loan would, in our opinion, improve significantly the recovery prospects of unsecured notes under our hypothetical default scenario. As such, the ratings on the outstanding 2022 unsecured notes and any new unsecured issuance will likely be equal to the ‘BB+/Stable’ corporate credit rating on Fortescue.
The corporate credit rating on Fortescue is unaffected by the proposed new note issuance. The rating reflects Fortescue’s low-cost position on the global iron ore cost curve, as well our view of the company’s ability to sustain credit metrics in line with the ‘BB+’ rating level even under a moderate stress scenario. This scenario would include iron ore prices (62% iron [Fe] Platts delivered to China) falling to US$40 per ton, assuming the company maintains its long-term average realization rate of 85% for its products.
Posted on May 9, 2017
MELBOURNE (S&P Global Ratings) May 9, 2017–S&P Global Ratings today said that it had placed its ‘BB-‘ long-term issue credit rating on Fortescue Metals Group Ltd.’s senior unsecured notes due 2022 on CreditWatch with positive implications. The CreditWatch placement follows Fortescue’s launch of a US$1 billion senior unsecured note–proceeds of which the company will use to repay the outstanding US$976 million term loan due 2019. We will resolve the CreditWatch and assign ratings on the new unsecured notes once Fortescue has raised the proceeds.
The repayment of the term loan would, in our opinion, improve significantly the recovery prospects of unsecured notes under our hypothetical default scenario. As such, the ratings on the outstanding 2022 unsecured notes and any new unsecured issuance will likely be equal to the ‘BB+/Stable’ corporate credit rating on Fortescue.
The corporate credit rating on Fortescue is unaffected by the proposed new note issuance. The rating reflects Fortescue’s low-cost position on the global iron ore cost curve, as well our view of the company’s ability to sustain credit metrics in line with the ‘BB+’ rating level even under a moderate stress scenario. This scenario would include iron ore prices (62% iron [Fe] Platts delivered to China) falling to US$40 per ton, assuming the company maintains its long-term average realization rate of 85% for its products.
captain sparrow
Forumer storico
100 000
mi puoi dare isin? ( parli della VRX??) ma che taglio minimo ha?
voi parlate di incrementato!!!
gualberto
Charlie don't Surf
Fortescue Metals : Successful Completion of Unsecured Notes Offering
05/09/2017 | 06:35pm EDT
Not for Release in the United States
10 May 2017
The Companies Officer
Australian Securities Exchange Ltd Level 40, Central Park
Fortescue Chief Executive Officer, Mr Nev Power said "This outcome recognises Fortescue's significant achievements across all of our operations, including safety performance, consistent production, sustained productivity and efficiency gains, together with the continued strength of our balance sheet."
"Fortescue remains focused on its strategy of continued debt repayment and capital flexibility, investing in our core iron ore business and delivering returns to our shareholders."
05/09/2017 | 06:35pm EDT
Not for Release in the United States
10 May 2017
The Companies Officer
Australian Securities Exchange Ltd Level 40, Central Park
- St Georges Terrace Perth WA 6000
Dear Sir or Madam
Successful Completion of Unsecured Notes Offering
Fortescue Metals Group Limited (Fortescue) (ASX: FMG) has today completed an offering of senior unsecured notes, initially launched at US$1,000 million which was subsequently upsized to US$1,500 million due to significant investor demand. The offering is expected to settle on or about 12 May 2017, subject to customary closing conditions.
Key highlights of the offering are as follows:
- Refinancing of the outstanding US$976 million 2019 Senior Secured Credit Facility and US$478 million 2022 Senior Unsecured Notes
- Nearest term debt maturity extended to 2022
- Enhanced terms and conditions reflective of Fortescue's improved credit profile
- Refinancing of the outstanding US$976 million 2019 Senior Secured Credit Facility and US$478 million 2022 Senior Unsecured Notes
Fortescue Chief Executive Officer, Mr Nev Power said "This outcome recognises Fortescue's significant achievements across all of our operations, including safety performance, consistent production, sustained productivity and efficiency gains, together with the continued strength of our balance sheet."
"Fortescue remains focused on its strategy of continued debt repayment and capital flexibility, investing in our core iron ore business and delivering returns to our shareholders."
fabriziof
Forumer storico
sta roba ormai deve rendere poco o sbaglio?
gualberto
Charlie don't Surf
può non essere piu considerata HY su onvista la 2022 6,875% quota oltre 102
fabriziof
Forumer storico
bè ,pensavo rendesse meno
ricordi di gain con fmg
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