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

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Voglio scrivere un email all'investor relator per capire dove andiamo a parare con sto bond. Nelle prossime settimane formulero' qualcosa.

Immagino già la risposta (pag. 29 del report trimestrale)... The global financial crisis has affected the whole Central and South Eastern European economy. In addition, Hungary’s monetary and fiscal policies have had a significant impact on the Hungarian economy, which has resulted in a recent significant devaluation of the Hungarian forint. We cannot at this time predict with certainty the impact such conditions will have on our business in Hungary with respect to consumer and business spending on our services or on our ability to repay our debt obligations. We do, however, believe that cash provided by our operating activities and our financing activities will provide adequate resources to satisfy our working capital requirements, scheduled principal and interest payments on our debt and our anticipated capital expenditure requirements for the next 12 months. The 2009 Notes mature in 2016. We will continue to evaluate our capital structure and the capital markets in the future in making our capital financing decisions. We may, subject to the terms of our debt instruments, from time to time purchase or otherwise acquire or retire our subsidiaries’debt and take other steps to reduce our consolidated debt or otherwise change our capital structure. These actions may include open market purchases and sales, negotiated transactions, tender offers, exchange offers or other transactions. The timing and amount of any debt purchases or acquisitions would depend on market conditions, trading levels of the debt from time to time, our cash position and the availability and terms of cash financing from other sources, and other considerations.
 
Immagino già la risposta (pag. 29 del report trimestrale)... The global financial crisis has affected the whole Central and South Eastern European economy. In addition, Hungary’s monetary and fiscal policies have had a significant impact on the Hungarian economy, which has resulted in a recent significant devaluation of the Hungarian forint. We cannot at this time predict with certainty the impact such conditions will have on our business in Hungary with respect to consumer and business spending on our services or on our ability to repay our debt obligations. We do, however, believe that cash provided by our operating activities and our financing activities will provide adequate resources to satisfy our working capital requirements, scheduled principal and interest payments on our debt and our anticipated capital expenditure requirements for the next 12 months. The 2009 Notes mature in 2016. We will continue to evaluate our capital structure and the capital markets in the future in making our capital financing decisions. We may, subject to the terms of our debt instruments, from time to time purchase or otherwise acquire or retire our subsidiaries’debt and take other steps to reduce our consolidated debt or otherwise change our capital structure. These actions may include open market purchases and sales, negotiated transactions, tender offers, exchange offers or other transactions. The timing and amount of any debt purchases or acquisitions would depend on market conditions, trading levels of the debt from time to time, our cash position and the availability and terms of cash financing from other sources, and other considerations.

Vogliono dire che possono andare in default tra un anno esatto?:D
 
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