zoro-aster
Forumer storico
se inciampano anche i leader del settore dove andiamo a sbattere la testa ?
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
gualberto
Charlie don't Surf
http://www.bloomberg.com/news/artic...res-pjt-to-help-evaluate-options-for-its-debt
per quel che vale il 2020 è senior..
negli articoli si cita nelle varie opzioni di ristrutturazione il debito subordinato
fabriziof
Forumer storico
Ma dove lo leggi che la ristrutturazione riguarderebbe i subordinati ?
gualberto
Charlie don't Surf
mi pare di aver capito così...forse è una mia speranza
GOL Linhas engages PJT to advise company on strengthening liquidity GOL Linhas Aereas Inteligentes S.A. announces that it has engaged PJT Partners to advise the company in connection with measures to strengthen its capital structure and liquidity and to improve the profile of its debt. Additionally, PJT is advising the company in connection with its U.S. dollar unsecured bonds.
Qui:
PJT, a U.S.-based investment bank, is advising Gol “in connection with its U.S. dollar denominated unsecured bonds,”
Il problema è che non dice che riguarda il debito subordinato, vedo perpetuar che gol ha emesso, ma solo unsecured e sono ricordo male anche il nostro, parlo del 9,25 che ho io, è senior unsecured, ma felice di essere smentito.
Ultima modifica:
gualberto
Charlie don't Surf
https://www.moodys.com/research/Moodys-assigns-Ba3-rating-to-Gols-new-300-million-term--PR_331969
qualcuno mi sa spiegare questo?
estratto dall'articolo di moodys
.................The Ba3 rating on the proposed $300 million senior unsecured term loan is the same as Delta's unsecured rating. The Ba3 rating is three notches higher than the rating assigned to Gol's other rated unsecured obligations and reflects the unconditional and irrevocable payment guarantee by Delta. Similarly to Gol LuxCo's other senior unsecured notes due in 2023 and 2022, its parent company Gol and VRG Linhas Aereas S.A. (VRG, B3 positive), the operating subsidiary in Brazil, will guarantee the borrower's payment obligations.
According to Delta's guaranty agreement, if Gol LuxCo, or any of the other immediate guarantors, fails to meet debt service within the applicable grace period of 5 days for interest payment or at the maturity date for principal payment, the lenders of the obligations are entitled to the due and punctual payments of those obligations from Delta, including any accrued interest. The credit agreement also has provisions for the prompt notification of Delta in the event of a missed interest or principal payment. As such, Moody's views the Delta guaranty as an effective guaranty of payment of lenders in the entirety of its original promise when due, and not just a guarantee of collection after an event of default.
qualcuno mi sa spiegare questo?
estratto dall'articolo di moodys
.................The Ba3 rating on the proposed $300 million senior unsecured term loan is the same as Delta's unsecured rating. The Ba3 rating is three notches higher than the rating assigned to Gol's other rated unsecured obligations and reflects the unconditional and irrevocable payment guarantee by Delta. Similarly to Gol LuxCo's other senior unsecured notes due in 2023 and 2022, its parent company Gol and VRG Linhas Aereas S.A. (VRG, B3 positive), the operating subsidiary in Brazil, will guarantee the borrower's payment obligations.
According to Delta's guaranty agreement, if Gol LuxCo, or any of the other immediate guarantors, fails to meet debt service within the applicable grace period of 5 days for interest payment or at the maturity date for principal payment, the lenders of the obligations are entitled to the due and punctual payments of those obligations from Delta, including any accrued interest. The credit agreement also has provisions for the prompt notification of Delta in the event of a missed interest or principal payment. As such, Moody's views the Delta guaranty as an effective guaranty of payment of lenders in the entirety of its original promise when due, and not just a guarantee of collection after an event of default.
Il debito emesso da Gol LuxCo è garantito da Delta Airlines, mentre noi ce la prendiamo in quel posto.
fabriziof
Forumer storico
Hai ragione ,il nostro è unsecured
Orlando 27
Forumer attivo
Fitch Ratings-Chicago-23 MARZO 2016: Fitch Ratings ha intrapreso azioni di rating sui seguenti emittenti societari a causa della recente aggiornamento del dell'Argentina Country Ceiling a 'B' da 'CCC':
--Arcor SAIC
--Capex SA
--Central Puerto SA
--Compania Latinoamericana de Infraestructura y Servicios SA (CLISA)
--Inversiones Y Representaciones SA
--IRSA Propiedades Comerciales SA
--Mastellone Hermanos Sociedad Anonima
--Medanito SA
--Pan American Energy LLC
--Pan American Energy LLC Sucursal Argentina
--YPF SA
--Arcor SAIC
--Capex SA
--Central Puerto SA
--Compania Latinoamericana de Infraestructura y Servicios SA (CLISA)
--Inversiones Y Representaciones SA
--IRSA Propiedades Comerciales SA
--Mastellone Hermanos Sociedad Anonima
--Medanito SA
--Pan American Energy LLC
--Pan American Energy LLC Sucursal Argentina
--YPF SA
fabriziof
Forumer storico
Effettivamente leggendo moodys pare che il nostro bond gol 2020 da 300 milioni sia Gol luxco ,a me risultava essere Gol finance .
Moody's changes Gol's outlook to negative; affirms B3 ratings
Moody's changes Gol's outlook to negative; affirms B3 ratings
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