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

[nik.sala]

Siamo al terno al lotto con i prezzi qua ormai !!!

Wind Hellas Downgraded, May Restructure, S&P Says
June 22 (Bloomberg) -- Wind Hellas Telecommunications SA may restructure its capital “in the immediate term” after announcing a drop-off in liquidity, Standard & Poor’s said today when it downgraded the company three steps to CC. “During the next few weeks or months, Wind Hellas could default on its upcoming debt obligations or have to undergo another capital restructuring -- the second in six months,” the ratings company said in a statement. Greece’s third largest mobile phone operator may seek to exchange debt at a discount under a restructuring, which would be “tantamount to a default,” S&P said. The Athens-based company’s 356 million euros ($440 million) of 8.5 percent notes due 2013 were little changed at 5 percent of face value, close to their lowest level of 4 percent on June 16, according to prices HSBC Holdings Plc prices on Bloomberg. S&P estimates that holders of the subordinated notes could lose all of their investment, while owners of senior notes could end up with as little as 30 cents on the euro. Wind Hellas began talks last week with creditors and its shareholder Weather Investment SpA because of a slump in sales and earnings in April and May caused by the government’s austerity measures. The company emerged from bankruptcy seven months ago after renegotiating 3.2 billion euros of debt through the U.K. bankruptcy courts. Weather Investments is the holding company for Egyptian billionaire Naguib Sawiris.

Downgrades
S&P is the last of the major ratings firms to downgrade Wind Hellas. The company’s debt was cut by Fitch Ratings on June 17 to C, one step above default status. Moody’s Investors Service downgraded its assessment last week to Caa3, nine levels below investment grade and three steps from default. Wind Hellas has about 35 million euros in cash and a 17.5 million-euro amortization payment on its revolving credit facility due at the end of the month, S&P said. It also has a 23 million-euro coupon payment on its bonds due July 15. “We believe it may prove challenging for Wind Hellas to honor its roughly 40 million euros of debt obligations falling due within the next month,” S&P said.

ed intanto i prezzi :

OnVista: Anleihenanalyse - HELLAS TELECOM. (LXBG) V EO-FLR NOTES 2005(06/12) REG.S - Snapshot

OnVista: Anleihenanalyse - HELLAS TELECOM. (LXBG) III EO-NOTES 2005(09/13) REG.S - Snapshot

OnVista: Anleihenanalyse - HELLAS TELECOMMUNIC.(LUX.) II EO-FLR BONDS 2006(08/15) REG.S - Snapshot questa è già KAPUT

 

[discipline]

Quotazioni alla GM... cos'ha la 2012 per quotare così diversamente dalle altre?

 

[nik.sala]

Quotazioni alla GM... cos'ha la 2012 per quotare così diversamente dalle altre?

è il bond senior secured
da NON prendere...
ah tagli da 100k

 

[Gaudente]

Questi proprio non li capisco: perdono soldi a palate, ma decidono comunque di aprire altri 90 negozi nelle stazioni di servizio entro il 2010.

Non confondere le perdite della societa' con i guadagni illeciti degli amministratori ....anzi, ripensandoci, confondili pure

 

[bosmeld]

ed intanto i prezzi :

OnVista: Anleihenanalyse - HELLAS TELECOM. (LXBG) V EO-FLR NOTES 2005(06/12) REG.S - Snapshot

OnVista: Anleihenanalyse - HELLAS TELECOM. (LXBG) III EO-NOTES 2005(09/13) REG.S - Snapshot

OnVista: Anleihenanalyse - HELLAS TELECOMMUNIC.(LUX.) II EO-FLR BONDS 2006(08/15) REG.S - Snapshot questa è già KAPUT

premetto che non l'ho mai seguita, ma che dite a questi prezzi, facendo default qualche cosa la si guadagna?



leggendo sembra che se fallisce non si recupera nulla. vero TERNO a LOTTO

 

[Zorba]

premetto che non l'ho mai seguita, ma che dite a questi prezzi, facendo default qualche cosa la si guadagna?



leggendo sembra che se fallisce non si recupera nulla. vero TERNO a LOTTO

Purtroppo no, le 2 che quotano basso sono subordinate. Non vedranno nulla.

 

[qquebec]

Eircom: buco nero nei fondi pensione

Della serie le disgrazie non arrivano mai da sole, oggi il prestigioso "Daily Mail" parla di un buco di 440 mln nel fondo pensioni Eircom. Quindi, oltre ai quasi 4 mld di euro di debiti, ci sarebbero anche altri 440 mln in meno nel fondo pensioni dipendenti, buco (già noto da tempo) che doveva essere tappato da ST Telemedia all'atto dell'acquisto di Eircom lo scorso mese di gennaio, ma che - a quanto pare - non è (ancora) stato chiuso. In pericolo, quindi, ci sarebbero anche le rendite e le future pensioni dei dipendenti Eircom alle quali il Governo in qualche modo dovrà provvedere.

Daily Mail: EIRCOM's BLACK HOLE PLUGGED
Eircom's future hung in the balance as it struggled with a euro 440million black hole in its pension provision. At one point broadband in Ireland was in doubt because the struggling firm could not commit to rolling out the technology. Despite other landline-based providers relying on Eircom's network to deliver their services, the company was heavily criticised for being reluctant to disclose the scale of its debts or confirm plans for future investment. In March last year, Fine Gael's then communications spokesman Simon Coveney said there was a perception that Eircom's owners were 'broke He said Eircom was 'saddled with enormous debt', had a Euro 433million black hole in its pension fund and yet the Government was relying on it to build a service that was essential to Ireland's survival on the far side of the economic downturn. However, earlier this year when the Communications Workers Union claimed that the telecommunications company could go bust because it had been saddled with new Singaporean owner STT's Euro 4billion debts, it emerged the pension deficit had been successfully plugged in the takeover.

 

[qquebec]

S&P abbassa il rating di Yioula Glassworks a CCC+

(23 June 2010) - Yioula Glassworks faces rising liquidity pressures because of mounting debt maturities and constrained free cash flow. We are lowering our long-term corporate credit rating on Yioula Glassworks to 'CCC+' from 'B-'. The negative outlook reflects our view that the company's liquidity profile could weaken further in the near term. On June 23, 2010, Standard&Poor's Ratings Services lowered its long-term corporate credit rating on Greece-based glass container manufacturer Yioula Glassworks S.A. (Yioula) to 'CCC+' from 'B-'. At the same time, we lowered the company's senior unsecured debt rating to 'CCC' from 'CCC+'. The outlook is negative. The rating action reflects our view of the rising liquidity pressures that Yioula faces as a result of large short-term debt maturities.

 

[Zorba]

Della serie le disgrazie non arrivano mai da sole, oggi il prestigioso "Daily Mail" parla di un buco di 440 mln nel fondo pensioni Eircom. Quindi, oltre ai quasi 4 mld di euro di debiti, ci sarebbero anche altri 440 mln in meno nel fondo pensioni dipendenti, buco (già noto da tempo) che doveva essere tappato da ST Telemedia all'atto dell'acquisto di Eircom lo scorso mese di gennaio, ma che - a quanto pare - non è (ancora) stato chiuso. In pericolo, quindi, ci sarebbero anche le rendite e le future pensioni dei dipendenti Eircom alle quali il Governo in qualche modo dovrà provvedere.

Daily Mail: EIRCOM's BLACK HOLE PLUGGED
Eircom's future hung in the balance as it struggled with a euro 440million black hole in its pension provision. At one point broadband in Ireland was in doubt because the struggling firm could not commit to rolling out the technology. Despite other landline-based providers relying on Eircom's network to deliver their services, the company was heavily criticised for being reluctant to disclose the scale of its debts or confirm plans for future investment. In March last year, Fine Gael's then communications spokesman Simon Coveney said there was a perception that Eircom's owners were 'broke He said Eircom was 'saddled with enormous debt', had a Euro 433million black hole in its pension fund and yet the Government was relying on it to build a service that was essential to Ireland's survival on the far side of the economic downturn. However, earlier this year when the Communications Workers Union claimed that the telecommunications company could go bust because it had been saddled with new Singaporean owner STT's Euro 4billion debts, it emerged the pension deficit had been successfully plugged in the takeover.

Grazie qquebec! Sei grande a scovare le notizie!

Questa del Dayly Mail non l'ho capita. Eircom aveva annunciato di aver chiuso la vicenda con l'approvazione dei sindacati, tant'è che nel bilancio al 31/03/2010 è riportato questo:

"Pensions
The pension proposal reached with the Trade Union Alliance (TUA) and announced at last quarter’s results
has been formally endorsed and is now in place following ballots of the representative unions. The
agreement limits the future growth of pensionable pay, while placing a floor under the Company’s
contributions to the scheme for the next three years.
The pension deficit of €407 million reported at 31 December 2009 was eliminated, and the fund was
showing a small surplus as at 31 March. The liability-side risks in the scheme have also been significantly
reduced."
http://investorrelations.eircom.net...ine_Month_results_report_to_31_March_2010.pdf

Come te la spieghi? Grazie mille in anticipo per il tuo parere.

 

[Gaudente]

perche' i dipendenti Eircom si aspettano di vedersi pagata la pensione ?
Stupefacente