Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (10 lettori)

[fabriziof]

Facci sapere. Io tiro dritto altri tre mesi

questa l'hai letta(è del 30 settembre)?dai che alla fine incassate tutto

Bulgaria's fuel retailer Petrol is still in negotiations to obtain a loan to repay its bond, less than a month before its maturity, the invitation for the company's special shareholders' meeting, scheduled for October 25, showed.

The 100 million euro bond, placed in 2006, matures on October 26.

The company is seeking a loan of 75 million euro and is currently in talks with two financial institutions. The company's management, however, declined to name the entities.

Petrol plans to pledge as collateral for the credit its crude warehouses in Varna and Plovdiv, as well as its stake in Elit Petrol, which is valued at 109 million euro.

The report also said that the name of the creditor would be announced on October 25.

According to Petrol's latest financial report, the bond's outstanding amount was 146.02 million leva as of June 30, while its cash funds stood at 65.675 million leva.

Petrol's executive head, Svetoslav Yordanov, declined to comment when contacted by Dnevnik.

 

[qquebec]

questa l'hai letta(è del 30 settembre)?dai che alla fine incassate tutto

Bulgaria's fuel retailer Petrol is still in negotiations to obtain a loan to repay its bond, less than a month before its maturity, the invitation for the company's special shareholders' meeting, scheduled for October 25, showed.

The 100 million euro bond, placed in 2006, matures on October 26.

The company is seeking a loan of 75 million euro and is currently in talks with two financial institutions. The company's management, however, declined to name the entities.

Petrol plans to pledge as collateral for the credit its crude warehouses in Varna and Plovdiv, as well as its stake in Elit Petrol, which is valued at 109 million euro.

The report also said that the name of the creditor would be announced on October 25.

According to Petrol's latest financial report, the bond's outstanding amount was 146.02 million leva as of June 30, while its cash funds stood at 65.675 million leva.

Petrol's executive head, Svetoslav Yordanov, declined to comment when contacted by Dnevnik.

No, grazie mille . Comunque ieri Petrol era in lettera a 82, oggi è a 88

 

[qquebec]

Travelport

Hanno posticipato il rimborso del PIK al 2016. In pratica hanno piazzato una bomba sotto il bond subordinato 10,875% che scade (guarda un po') proprio nel 2016 che è andato giù a 40. Hanno già pianificato l'attentato questi furbacchioni. Tuttavia, la società non è malvagia, i conti sono stabili e il bond TV 2014 (Euribor + 600 bps) da 235 milioni si potrebbe anche prendere al prezzo di 88 scommettendo su un rimborso anticipato coi soldi che hanno risparmiato rinviando il rimborso del PIK.

 

[nik.sala]

petrol ottiene la dilazione. adesso vediamo se mi arriva il rimborso anticipato

Bulgaria's fuel retailer Petrol has obtained a three-month maturity extension for the repayment of its 100 million euro bond, the Bulgarian Stock Exchange (BSE) said.

The move, approved by Petrol's bondholders at a meeting held on October 5 2011, extends the debt's tenure to January 26 2012.

Under the new scheme, Petrol will pay a higher interest in the last three months before the bond's maturity than the current rate of 8.375 per cent a year, the statement said.

Petrol is to sign an additional agreement on the bond's revised terms with the trustee Bank of new York Mellon and the issue guarantor Naftex Petrol.

According to Petrol's latest financial report, the bond's outstanding amount was 146.02 million leva, as of June 30, while its cash funds stood at 65.675 million leva.

Several months ago, it became clear that Petrol would face difficulties with the bond repayment. At that time, the company decided to gather shareholders to approve a loan to redeem its maturing debt.

anche il buyback è andato vediamo se ci rientro

Petrol is further pleased to announce that it accepts all offers to sell Notes made in accordance with the terms and conditions set out in the Invitation Memorandum. Accordingly, Noteholders who validly tendered their Notes before the Expiration Time in accordance with the terms and conditions set out in the Invitation Memorandum will receive the Purchase Price being €850 per €1,000 in principal amount of the Notes, together with an amount equal to Accrued Interest on the Settlement Date (as defined below).
Settlement is expected to occur on or around 12 October 2011 (the "Settlement Date").

Facci sapere. Io tiro dritto altri tre mesi

questa l'hai letta(è del 30 settembre)?dai che alla fine incassate tutto

Bulgaria's fuel retailer Petrol is still in negotiations to obtain a loan to repay its bond, less than a month before its maturity, the invitation for the company's special shareholders' meeting, scheduled for October 25, showed.

The 100 million euro bond, placed in 2006, matures on October 26.

The company is seeking a loan of 75 million euro and is currently in talks with two financial institutions. The company's management, however, declined to name the entities.

Petrol plans to pledge as collateral for the credit its crude warehouses in Varna and Plovdiv, as well as its stake in Elit Petrol, which is valued at 109 million euro.

The report also said that the name of the creditor would be announced on October 25.

According to Petrol's latest financial report, the bond's outstanding amount was 146.02 million leva as of June 30, while its cash funds stood at 65.675 million leva.

Petrol's executive head, Svetoslav Yordanov, declined to comment when contacted by Dnevnik.

No, grazie mille . Comunque ieri Petrol era in lettera a 82, oggi è a 88

signori, qua si deve tirare fino a gennaio
Cmq confermate che la cedola il 26/10
ce la tassano al 20% quindi o ripartono proporzionalmente

 

[gionmorg]

Ma da quando parte la tassazione al 20 %?

 

[fabriziof]

Ma da quando parte la tassazione al 20 %?

dal 1 gennaio credo

 

[nik.sala]

dal 1 gennaio credo

si ma su un bond così particolare ci sarà ripartizione

 

[gionmorg]

si ma su un bond così particolare ci sarà ripartizione

Ah ok, pensavo parlassi della nuova legislazione.

 

[gionmorg]

Seat holds extraordinary shareholders meeting
“Buy” PGIM 10.5% 11/17 at 64 or a YTW of 23.7%; “Speculative Buy” LIGHTH 8% 4/14 at 15 or below (currently 14/16)
Seat held its extraordinary shareholder meeting yesterday. Shareholders approved the deferral of coverage of losses. Apparently, Seat’s CEO also confirmed the targets for 2011 and said that the debt restructuring talks are on-going but refrained from providing a timeframe for an agreement and said that negotiations are “long and complex”. He added that no decision with regards to the payment of the Lighthouse bonds has been taken yet. In any event, we continue to believe recoveries on the senior secured bonds should be strong (in the 90% to 100% range) and hence we maintain our “Buy” recommendation on PGIM 10.5% 11/17 at current prices. We believe the Lighthouse bonds are an attractive speculative play for those that believe the October coupon will be serviced (which remains our base case, however, caveated by a high degree of uncertainty). We maintain our “Very High Risk” assessment on the LARA scale.

 

[Camajan]

signori, qua si deve tirare fino a gennaio
Cmq confermate che la cedola il 26/10
ce la tassano al 20% quindi o ripartono proporzionalmente

la cedola del 26/10 (se verrà pagata) è soggetta a ritenuta del 12,5 %

è quella del rimborso finale che sarà soggetta a ritenuta del 20% ma solo x gli interessi maturati dalllo 01.01.2012 alla data di scadenza