Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (12 lettori)

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gionmorg

low cost high value
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preso, per il ptf dei miei, un assaggino di tesla 5.3 su tlx a 98.84, ultimo scambio su finra 100.75...vediamo se il tlx si allinea
 

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LATEST UPDATES

12Sep SINO OCEAN LAND 03:07 GMT
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Guidance is 5.375% area on Sino-Ocean Land's planned USD benchmark PNC5 issue.
Issuer Sino-Ocean Land Treasure III Limited. Guarantor Sino-Ocean Group
Holding Limited. Guarantor ratings Baa3 Stable (Moody's) / BBB- Stable
(Fitch). Expected issue ratings Ba2 (Moody's) / BB (Fitch). RegS. Step up.
Kist HKSE. Law English law except for provisions relating to subordination.
Denoms 200kx1k. Joint global coordinators HSBC, Goldman Sachs (Asia) L.L.C.,
UBS (B&D), China CITIC Bank International. Joint bookrunners HSBC, Goldman
Sachs (Asia) L.L.C., UBS (B&D), China CITIC Bank International, DBS Bank Ltd.,
Industrial Bank Co., Ltd. Hong Kong Branch, China Merchants Securities (HK),
Bank of China (Hong Kong). Tming: As early as today.

12Sep BANK OF QINGDAO 03:09 GMT
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Guidance is 5.70% area on Bank of Qingdao's USD PNC5 bond. Size up to RMB8bn
equivalent. Settle T+5. Issuer Bank of Qingdao. Unrated. RegS. Jt global
coordinators & Jt bookrunners & Jt leads CITIC CLSA Securities, Haitong Intl,
AMTD, CMB Intl, CCBI, DB. Jt bookrunners & Jt leads SPDB Intl, Orient
Securities (Hong Kong), Huarong Financial, China Industrial Securities Intl,
Zhongtai Intl, CNCB HK Capital, StanChart, ABCI, UBS, Guotai Junan Intl, BOCI,
HSBC, Citi, China Securities Intl, China Silk Road Intl. May price today.

12Sep KOREA DEVELOPMENT BANK 03:00 GMT
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Tranche A: USD benchmark 3-year FRN, initial guidance is 3mL+80bp area.
Tranche B: USD benchmark 5.5-yeaar, initial guidance is T+115bp area.
Tranche C: USD500m February 2022 tap, initial guidance is 3mL+85-90bp.
Common terms: Issuer The Korea Development Bank. SEC-Registered. Issuer
ratings Aa2 Stable (Moody's) / AA Stable (S&P) / AA- Stable (Fitch). Expected
isue ratings Aa2 (Moody's) / AA (S&P) / AA- (Fitch). List SGX. Denoms 200kx1k.
Law NY. Joint bookrunners Goldman Sachs International, KDB Asia, Mirae Asset
Daewoo, Mizuho Securities, Morgan Stanley (B&D), SG CIB, and UBS. Timing:
Today's business.

12Sep AGRICULTURAL BANK OF CHINA 02:51 GMT
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Initial guidance is T+130bp area on Agricultural Bank of China's planned USD
benchmark 3-year issue. Issuer Inventive Global Investments Limited, a wholly-
owned subsidiary of ABC International Holdings Limited. Guarantor Agricultural
Bank of China Limited Hong Kong Branch. Guarantor's Ratings A2 (Moody's) / A
(S&P) / A (Fitch). MTN Programme Rating A (Fitch). Expected Issue Rating A
(Fitch). RegS. Denoms 200kx1k. List HKSE. Law English. UOP: GCP for the
Company. Joint global coordinators ABC International, Agricultural Bank of
China Limited Hong Kong Branch. Joint lead managers and joint bookrunners ABC
International, Agricultural Bank of China Limited Hong Kong Branch, Bank of
China, BOCOM HK Branch, China Everbright Bank Hong Kong Branch, China Minsheng
Banking Corp., Ltd., Hong Kong Branch, China Securities International, CICC HK
Securities, Credit Agricole CIB, Dongxing Securities (Hong Kong), ICBC (Asia),
ICBC International, and Shanghai Pudong Development Bank Co., Ltd., Hong Kong
Branch. B&D Bank Credit Agricole CIB. Timing: As early as today.

12Sep BEIJING INFRASTRUCTURE INVESTMENT 02:21 GMT
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"BEIJING INFRASTRUCTURE INVESTMENT CO., LTD. (the "Company"), rated A1 by
Moody's (Stable), A+ by S&P (Stable) and A+ by Fitch (Stable), has mandated
Bank of China, Goldman Sachs (Asia) L.L.C., Haitong International and Standard
Chartered Bank as Joint Global Coordinators, and Bank of China, Goldman Sachs
(Asia) L.L.C., Haitong International, Standard Chartered Bank, CCB
International, DBS Bank Ltd., Deutsche Bank, HSBC and ICBC International as
Joint Lead Managers and Joint Bookrunners to arrange a series of fixed income
investor meetings in Hong Kong, Singapore and London commencing on 13
September 2017. A USD-denominated senior unsecured offering of notes (the
"Notes") under Regulation S (Category 1) may follow, subject to market
conditions. The Notes will have the benefit of a guarantee provided by Beijing
Infrastructure Investment (Hong Kong) Limited (the "Guarantor"), a wholly-
owned subsidiary of the Company, as well as a Keepwell and Liquidity Support
Deed and a Deed of Equity Interest Purchase Undertaking from the Company. The
issuer will be a wholly-owned BVI subsidiary of the Guarantor (the "Issuer").
The Notes are expected to be rated A2 by Moody's and A+ by Fitch. FCA/ICMA
stabilisation applies."

12Sep BANK OF CHINA 02:10 GMT
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Total orderbook over USD2.6bn from around 220 accounts

5-year Geography: U.S. 49%, APAC 40%, EMEA 11%.
Investor type: Asset/fund managers 66%, Banks 18%, Agencies/insurers 12%,
Private banks/others 4%.
10-year Geography: APAC 49%, U.S. 37%, EMEA 14%.
Investor type: Asset/fund managers 67%, Banks 20%, Agencies/insurers 7%,
Private banks/others 6%.

Tranche A: USD500m, coupon 2.75%, due 18 September 2022. Reoffer 99.459,
spread UST 1.625% August 2022+117.5bp.
Tranche B: USD500m, coupon 3.50%, due 18 September 2027. Reoffer 99.874,
spread UST 2.25% August 2027+140bp.
Common terms: Issuer BOC Aviation Limited. Issuer ratings A-/A-. Expected
issue ratings A-/A-. 144a/Reg S registered. UOP: New capital expenditure, GCP
and/or refinancing of existing borrowings. List SGX. Denoms 200kx1k. Law

12Sep HON HAI PRECISION INDUSTRY 01:34 GMT
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Tranche A: JPY 3-year, due 18 September 2020, final guidance is YOS+32bp.
Tranche B: JPY 5-year, due 20 September 2022, final guidance is YOS+37bp.
Tranche C: JPY 7-year, due 20 September 2024, final guidance is YOS+50bp.
Common terms: Issuer Foxconn (Far East) Limited /HONHAI. Guarantor Hon Hai
Precision Industry Co., Ltd. Programme/bond rating A- (S&P). RegS. Denoms
100m. Law English. Unlisted. Pricing date 13 September 2017. Payment date 20
September 2017. Books Mizuho Securities, Morgan Stanley and Nomura (B&D).

11Sep EMPRESA NACIONAL DEL PETROLEO 20:19 GMT
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Priced: USD600m, coupon 4.50%, due 14 September 2047. Reoffer 97.130, spread
T+195bp. Issuer: Empressa Nacional Del Petroleor. 144a/RegS. Expected ratings
Baa3/BBB-/A. Settle T+3. UOP: GCP, including but not limited to the repayment
of existing indebtedness. MWC. 6m par call. Denoms 200k+1k. List Lux. NY law.
Books BAML (B&D), Citi and JPM.

11Sep TURK EXIMBANK 18:33 GMT
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Priced: USD500m, coupon 4.25%, due 18 September 2022. Reoffer 99.333, spread
MS+262.5bp. Expected issue ratings Ba1/BB+ (Moody's/Fitch). 144a/RegS. Settle
18 September 2017. Denoms 200k+1k. COC put at 100. List Ireland. English law.
Global coordinator Citi. Books Citi (B&D), HSBC, ING, Mediobanca, Mizuho
Securities and MUFG.
Books: Last heard over USD2.1bn.

11Sep SMI PET 17:30 GMT
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Initial price thoughts are low 5%s for San Miguel PET's USD300m 5NC3. Ratings
Ba2/BB+. 144a/RegS. Snr unsecured without reg rihts. Issuer San Miguel
Industrias PET S.A.. Guarantor San Miguel Industrias Ecuador SANMINDEC S.A.,
San Miguel PET El Salvador, S.A. de C.V., SMI Colombia S.A.S., Plastiglas S.
A., Plastiglas de Guatemala, S.A., Plastiglas de El Salvador, S.A. de C.V. and
Preformas y Envases S.A. de C.V.. UOP: Debt refinancing including funding an
any and all tender offer and consent solicitation directed to holders of
SMIPET?s existing 7.75% senior guaranteed notes due 2020. Denoms 200k/1k.
Global coordinators BAML and Citi. Joint books BAML, Citi, JPM. Timing:
Expected to price 12 September

11Sep PKO BANK 14:24 GMT
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"PKO Bank Hipoteczny, 100% owned by PKO Bank Polski, has mandated HSBC, PKO
Bank Polski, LBBW and UBS Investment Bank as Joint Bookrunners for a potential
Euro denominated, RegS Bearer, Covered Bond benchmark transaction backed by
Polish PLN-denominated residential mortgage loans.

The covered bond issue is expected to follow a series of fixed income investor
meetings, subject to market conditions. The meetings will start at the ECBC
Plenary Meeting & Covered Bond Congress in Barcelona the 13th of September
2017 and will complete on 18th of September. The issue is expected to have an
intermediate maturity and to have a rating of Aa3 by Moody's (at country
ceiling level). FCA/ICMA stabilisation applies."

11Sep WYNN MACAU 13:26 GMT
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Tranche A: USD 7NC3.
Tranche B: USD 10NC5.
Common terms: Total issue size expected at USD1.35bn. Senior notes. Expected
issue ratings B1/B. Issuer Wynn Macau, Limited. 144a for life/RegS. UOP:
Redeem 2021 notes. Sole global coordinator (lead left) Deutsche Bank. Jt-books
BNP Paribas, BOC Intl, BofA Merrill Lynch, DBS Bank Ltd., ICBC (Macau),
Scotiabank, SMBC Nikko and United Overseas Bank Limited. Wednesday's business.

11Sep SUN HUNG KAI & CO 10:47 GMT
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Increase priced: USD150m (takes total to USD550m), coupon 4.65%, due 08
September 2022. Reoffer 100.439, yield 4.55%. Issuer Sun Hung Kai & Co. (BVI)
Limited. Guarantor Sun Hung Kai & Co. Limited. Unrated. RegS. UOP: GCP and
refinancing of existing indebtedness. COC at 101. List HKSE. Denoms 200kx1k.
Law English. Settle 18 September 2017. Jt-global coordinators/jt-books
Standard Chartered Bank (B&D) and Sun Hung Kai Financial.

11Sep KAZTRANSGAZ 11:05 GMT
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"KazTransGas JSC, the indirectly wholly state-owned company which represents
the strategic interests of the Republic of Kazakhstan as the national gas
operator, has mandated Citi, ING and VTB Capital as Joint Lead Managers and
Joint Bookrunners and SkyBridge Invest as Kazakhstan Lead Manager, to arrange
a series of fixed-income investor meetings in London, the US and Kazakhstan,
commencing on 12 September 2017. A USD-denominated 144A/RegS senior unsecured
guaranteed Eurobond offering with a 10-year maturity, expected to be rated
Baa3 by Moody's and BBB- by Fitch, will follow subject to market conditions.
FCA / ICMA stabilisation applies."

11Sep MILLICOM 09:43 GMT
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"Millicom International Cellular S.A., a leading provider of cable and mobile
services dedicated to emerging markets in Latin America and Africa, has
mandated BNP Paribas, Goldman Sachs International, J.P. Morgan and Scotiabank
as joint bookrunners for a $500m 10NC5 Senior Notes issue. The use of proceeds
is to redeem the 6.625% Senior Notes due 2021, including redemption premiums
and accrued interest, fund capex and for general corporate purposes. The
144A/Regulation S notes will be pari passu with other existing issuer notes
and are expected to be rated Ba2/BB+ by Moody's and Fitch. Subject to market
conditions, an up to $200m-equivalent Colombian Peso benchmark offering of up
to 7 years will also be considered. A global investor call will be held on
Monday, September 11th at 15:30 London / 10:30 am New York. A concurrent any
and all cash tender offer for 6.625% Senior Notes due 2021 is being launched.
FCA/ICMA stabilization applies."

11Sep HT GLOBAL 09:27 GMT
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Increased priced: USD85m (brings total to USD385m), coupon 7.00%, due 14 July
2021 (callable 14 July 2018). Reoffer 99.482. Issuer HT Global IT Solutions
Holdings Ltd. Issuer/issue ratings Ba3/BB-/BB-. 144a/RegS. Senior notes.
Security interest reserve account; collateral account; charge of shares of
issuer held by Barings. UOP: Fund Permitted Payment to Barings, prefund the
interest reserve account and pay for transaction expenses and pay fees and
expenses in connection with a consent solicitation. MWC. Denoms 200kx1k. List
Singapore. Law NY and Mauritius. Jt-global coordinators DB (B&D) and
StanChart. Today's business.



Source: UBS
 

Gaudente

Forumer storico
Ascent Capital Group Announces Financial Results for the Three Months Ended June 30, 2017 (NASDAQ:ASCMA)
MONI reported a net loss for the three and six months ended June 30, 2017 of $50.1 million and $71.1 million, respectively, compared to a net loss of $16.5 million and $36.7 million in the prior year periods.

Ma come fate a comprar 'sta roba e a dormire la notte ? :-?
 
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