Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (6 lettori)

[gionmorg]

Non trovo news magari è un'occasione d'acquisto, si potrebbe cambiare con Yioula alla pari

Alpine Bonds Plummet as It Heads for Bank Creditor Talks

Alpine Holding GmbH bonds tumbled after Profil magazine reported the Austrian builder owned by Spain’s Fomento de Construcciones & Contratas SA needs to raise cash to continue operating.
Alpine’s 100 million euros ($129 million) of notes maturing May 2017 were quoted at 55 cents on the euro, down from 106 cents Oct. 2, according to prices compiled by Bloomberg. The Salzburg-based company’s 90 million-euro bond maturing June 2016 traded at 42 cents.
The company is meeting creditor banks for talks tomorrow, Johannes Gfrerer, a spokesman for Alpine, said by telephone. He declined to say which banks it is meeting or what the talks are about. Alpine has 660 million euros of bank debt with lenders including Erste Group Bank AG (EBS), Raiffeisenlandersbank OOe AG, UniCredit Bank Austria AG, according to the Profil report.
Alpine needs 31 million euros by next week to stay in business and may have writedowns of as much as 400 million euros on building projects in south-eastern Europe, the magazine reported yesterday, without saying where it got the information. The company said in a statement yesterday that its liquidity is “assured,” and that it has the full support of its Madrid- based owner.
To contact the reporter on this story: Boris Groendahl in Vienna at [email protected]
To contact the editor responsible for this story: Frank Connelly at [email protected]

 

[qquebec]

Oct 10 (Reuters) - Austrian construction group Alpine Holding is taking measures to deal with tough market conditions and has adequate liquidity, it said on Wednesday, rejecting a magazine report that its finances were stretched.

"All the steps needed to address the difficult situation have been implemented. The owner has promised full support. Liquidity has been sufficiently secured," Austria's second-biggest construction company, a unit of Spain's FCC , said in a statement.

It was responding to a report that Austrian magazine Profil had put on its website. FCC declined to comment on the report.

Citing from what Profil called an internal management document presented to owners in Madrid on Sept. 20, the magazine said that Alpine needed 31 million euros ($40 million) in cash by the end of next week to keep going.

Profil said an external review ordered by Alpine Holding head Johannes Dotter had shown Alpine faced a 2012 pretax loss of 263 million euros after taking up to 400 million euros in writedowns for "endangered projects" and low-value stakes.

Alpine's statement said it had hired a consultant to evaluate its situation.

"Various scenarios were described in the report that were presented to the supervisory board to show how management envisioned handling the situation. The online (Profil) report picks out only one of the scenarios," it added.

Profil had said management was considering consultant KPMG's recommendations to make divestments, get a capital injection from FCC, and negotiate with lenders to get longer repayment terms and 75 million euros in additional financing.

Talks with banks were planned for Friday, Profil said. ($1=0.7754 euros) (Reporting by Michael Shields and Angelika Gruber in Vienna, additional reporting by Carlos Ruano in Madrid; Editing by Mike Nesbit)

 

[qquebec]

Peccato. E' già sparata su del 25% Bisognava prenderla ieri

 

[fabriziof]

Peccato. E' già sparata su del 25% Bisognava prenderla ieri

ma non sapevamo,almeno io ,neanche che esistesse .cercavo hypo alpe adria su onvista e mi è uscito fuori. bisogna vedere se è liquido,io comunque ne sto strafuori

 

[qquebec]

ma non sapevamo,almeno io ,neanche che esistesse .cercavo hypo alpe adria su onvista e mi è uscito fuori. bisogna vedere se è liquido,io comunque ne sto strafuori

E' liquido (non è l'unico) ma stando a quello che dicono si va incontro a una ristrutturazione del debito. Sotto i 50 era da prendere per sfruttare il rimbalzo

 

[bosmeld]

alpine holding,costruttore austriaco sull'orlo del default improvvisamente.

azz alpine holding me la ricordo.



quando vedo ste cose mi ricordo perchè non mi piace HY

 

[qquebec]

Il settore è uno dei più colpiti dalla crisi. Strano che i bond viaggiassero a 100

 

[Cat XL]

Cma-cgm

azz alpine holding me la ricordo.



quando vedo ste cose mi ricordo perchè non mi piace HY

A meno che non entri lo stato

 

[fabriziof]

A meno che non entri lo stato

che vuol dire che l'intervento dello stato aprirebbe la porta alla ristrutturazione del debito?

 

[Cat XL]

Gulf Keystsone Petroleum

E qualche giorno fa mi sono comprato anche questo. Ma conosco molto bene l'azione sottostante. Ma non seguitemi su questa storia...