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

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caricato su iw il nuovo bond toys
USU55297AA07* TRU TAJ LLC 12.000 08/15/21 caricato a 100 con cambio a 1,1295 tacci loro

Qualcuno che ha partecipato?

i termini dell'exchange dicevano che:
The Total Consideration for each $1,000 of properly tendered (and
not validly withdrawn) and accepted 2018 Notes will consist of $900
of New Secured Notes. The Exchange Consideration for each $1,000
of properly tendered (and not validly withdrawn) and accepted 2018
Notes will consist of $850 of New Secured Notes. Participating
holders of the 2018 Notes will not receive any cash consideration in
exchange for their 2018 Notes.


Per ogni 1000 del vecchio bond mi spettavano 900 del vecchio, iw mi ha caricato 5000 del nuovo come se il cambio fosse stato 1 a 1, qualcosa non mi torna, il bello è che iw mi ha scaricato il vecchio titolo come se fosse una vendita a 100

5000 VENDE 77.585 100 1.1295 483.11 facendomi pagare quindi il cp,.

Cosa c'è che non quadra?
 
Ultima modifica:
NEW YORK (S&P Global Ratings) Aug. 29, 2016--S&P Global Ratings today assigned
its 'B-' issue-level rating and '4' recovery rating to TRU Taj LLC's $583
million 12% senior secured notes due 2021. The '4' recovery rating reflects
our expectation for average recovery (lower half of the 30% to 50% range) in
the event of a payment default. All other ratings on parent Toys "R" Us Inc.,
including the 'B-' corporate credit rating and stable outlook, remain
unchanged.

The rating action follows the issuance of the notes, for which the $441
million of new TRU Taj notes (and about $110 million of cash) were exchanged
for a portion of Toys "R" Us Inc.'s 10.375% senior notes due Aug. 15, 2017,
and 7.375% senior notes due Oct. 15, 2018. About $105 million of the 2017
notes and $208 million of the 2018 notes remained outstanding after the
initial exchange offer; the company announced Aug. 26 that it plans to redeem
the remainder of the 10.375% notes with cash from the issuance of an
additional $142 million of new exchange notes.
TRU Taj LLC, a wholly owned
subsidiary of Toys "R" Us Inc., is a holding company for a substantial portion
of Toys "R" Us Inc.'s international subsidiaries.

For more information, please see our latest research update, "Toys "R" Us Inc.
Ratings Affirmed On Proposed Exchange Offer; Outlook Stable", published June
14, 2016, on RatingsDirect.
 
per fabriziof che ha dato la preziosa informazione:
non é un po' strano che dopo un buon rapporto con tassi di crescita importanti e con cedola che definire esuberante é dir poco, 4finance resti poco sopra 100?

un business come il loro, così aggressivo, può dare molto ma resta comunque rischioso
 
By

FRIEDRICHGEIGER

BERLIN--German regional bank Norddeutsche Landesbank Girozentrale has agreed to take full control of Bremer Landesbank, a new step in the consolidation Germany's banking sector.

NordLB said late Wednesday it would pay the state of Bremen 180 million euros ($200 million) for its 42% stake and transfer assets worth EUR82 million to Bremen as part of the transaction. Sparkassenverband Niedersachsen, an association of savings banks in Lower Saxony, will also sell its 4% stake in the public lender to NordLB.

The acquisition comes shortly after Deutsche Bank AG's chief executive called for more mergers among European banks, citing intense competition, economic headwinds and declining profits. Germany itself has hundreds of independent private and public banks.
Bremer Landesbank, with assets of roughly EUR29.87 billion, is a relatively small regional bank based in Bremen, a shipping hub. The bank, whose fortunes are linked to the shipping sector hit hard by low freight rates, said earlier this year it would need a capital increase. The bank reported an aftertax loss of EUR384 million in the first half of the year on high risk provisions.

Write to Friedrich Geiger at friedrich.geiger@wsj.com
 
By

FRIEDRICHGEIGER

BERLIN--German regional bank Norddeutsche Landesbank Girozentrale has agreed to take full control of Bremer Landesbank, a new step in the consolidation Germany's banking sector.

NordLB said late Wednesday it would pay the state of Bremen 180 million euros ($200 million) for its 42% stake and transfer assets worth EUR82 million to Bremen as part of the transaction. Sparkassenverband Niedersachsen, an association of savings banks in Lower Saxony, will also sell its 4% stake in the public lender to NordLB.

The acquisition comes shortly after Deutsche Bank AG's chief executive called for more mergers among European banks, citing intense competition, economic headwinds and declining profits. Germany itself has hundreds of independent private and public banks.
Bremer Landesbank, with assets of roughly EUR29.87 billion, is a relatively small regional bank based in Bremen, a shipping hub. The bank, whose fortunes are linked to the shipping sector hit hard by low freight rates, said earlier this year it would need a capital increase. The bank reported an aftertax loss of EUR384 million in the first half of the year on high risk provisions.

Write to Friedrich Geiger at friedrich.geiger@wsj.com
Postalo nel 3D sub bancari
 
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