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

[drbs315]

qualche isin d'esempio?

Mah, c'è talmente l'imbarazzo della scelta che non so dove girarmi - tra l'altro ho finito la liquidità..
Un pò alla rinfusa:
le due Interb (proprietà Ge) IT0001311247 e IT0001304010
la Crediop 19 (disallineata sulla 24) IT0001317707
le Ford lunghe in usd (ancora con discreto premio sui cds)
queste due (una Isp l'altra Ubi) legate all'irs10y ma ancora ben prezzate per chi acquista IT0001292850 IT0001300992
la Commzbk floor 5,25che quota su Etlx sempre 1-1,5 punti sotto Fkf XS0100221349
I titoli greci, se non li hai, anche se stanno già salendo
La Palladium zc 19 XS0768457433 disallineata rispetto agli altri zc Palladium
Le Bofa 18 e 20 su Mot/Etlx che con calma si prendono, decisamente a sconto sui cds..

Cmq di roba rimasta un pò indietro si trova sempre qcs..

Poi ci sono molti titoli illiquidi, ma se hai pazienza raccatti e qlche puntazzo si fa sempre..

 

[gionmorg]

Report fitch

 

[gionmorg]

NII Swings to 1st-Quarter Loss on Expenses For Networks Deployment
05/02/2013| 08:59am US/EasternRecommend:
0
By Debbie Cai

NII Holdings Inc. (>> NII Holdings, Inc.) swung to a first-quarter loss as the Latin American wireless operator posted higher expenses related to the deployment of 3G networks, as well as weaker revenue.

However, shares rose 9.6% to $9.13 in recent premarket trading as Chief Executive Steve Shindler said the company is tracking well on its goals for the year. The stock is down 36% over the past 12 months.

Mr. Shindler said NII Holdings continues to focus on completing its next-generation networks in Mexico and Brazil, improving its operational performance and realigning business operations.

The company, which provides wireless service under the Nextel brand in several Latin American countries, has said it plans this year to continue to invest in the deployment of its 3G networks, with a particular focus on building those networks and improving results in its core markets of Mexico and Brazil.

Last month, the company said it agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones SA (ENTEL.SN) for about $400 million as it narrows its focus to Mexico and Brazil. The deal, which is being structured as a purchase of the shares of NII's subsidiary Nextel del Peru SA, is expected to close in the second half of this year.

The company added 152,000 net subscribers during the quarter, bringing its subscriber base to more than 11.5 million, up 5% from a year earlier.

Churn, a measure of subscriber cancellations, came in at 2.59% for the quarter from 2.07% a year ago.

NII reported a loss of $207.5 million, or $1.21 a share, versus a year-earlier profit of $13.6 million, or eight cents a share. The latest period included $230 million in impairment and restructuring charges.

Revenue fell 13% to $1.41 billion.

The company attributed the results to incremental expenses related to the company's deployment of its planned next generation networks, lower average revenue per subscriber on a local currency basis and weaker average foreign currency exchange rates.

Analysts polled by Thomson Reuters were looking for a per-share loss of 65 cents on revenue of $1.46 billion.

Operating expenses climbed 4.6% to $1.52 billion.

Write to Debbie Cai at [email protected]

 

[Brizione]

NII Swings to 1st-Quarter Loss on Expenses For Networks Deployment
05/02/2013| 08:59am US/EasternRecommend:
0
By Debbie Cai

NII Holdings Inc. (>> NII Holdings, Inc.) swung to a first-quarter loss as the Latin American wireless operator posted higher expenses related to the deployment of 3G networks, as well as weaker revenue.

However, shares rose 9.6% to $9.13 in recent premarket trading as Chief Executive Steve Shindler said the company is tracking well on its goals for the year. The stock is down 36% over the past 12 months.

Mr. Shindler said NII Holdings continues to focus on completing its next-generation networks in Mexico and Brazil, improving its operational performance and realigning business operations.

The company, which provides wireless service under the Nextel brand in several Latin American countries, has said it plans this year to continue to invest in the deployment of its 3G networks, with a particular focus on building those networks and improving results in its core markets of Mexico and Brazil.

Last month, the company said it agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones SA (ENTEL.SN) for about $400 million as it narrows its focus to Mexico and Brazil. The deal, which is being structured as a purchase of the shares of NII's subsidiary Nextel del Peru SA, is expected to close in the second half of this year.

The company added 152,000 net subscribers during the quarter, bringing its subscriber base to more than 11.5 million, up 5% from a year earlier.

Churn, a measure of subscriber cancellations, came in at 2.59% for the quarter from 2.07% a year ago.

NII reported a loss of $207.5 million, or $1.21 a share, versus a year-earlier profit of $13.6 million, or eight cents a share. The latest period included $230 million in impairment and restructuring charges.

Revenue fell 13% to $1.41 billion.

The company attributed the results to incremental expenses related to the company's deployment of its planned next generation networks, lower average revenue per subscriber on a local currency basis and weaker average foreign currency exchange rates.

Analysts polled by Thomson Reuters were looking for a per-share loss of 65 cents on revenue of $1.46 billion.

Operating expenses climbed 4.6% to $1.52 billion.

Write to Debbie Cai at [email protected]

nonostante questi dati i bond salgono al pari delle azioni....mahhh

 

[cumulate]

Mah, c'è talmente l'imbarazzo della scelta che non so dove girarmi - tra l'altro ho finito la liquidità..
Un pò alla rinfusa:
le due Interb (proprietà Ge) IT0001311247 e IT0001304010
la Crediop 19 (disallineata sulla 24) IT0001317707
le Ford lunghe in usd (ancora con discreto premio sui cds)
queste due (una Isp l'altra Ubi) legate all'irs10y ma ancora ben prezzate per chi acquista IT0001292850 IT0001300992
la Commzbk floor 5,25che quota su Etlx sempre 1-1,5 punti sotto Fkf XS0100221349
I titoli greci, se non li hai, anche se stanno già salendo
La Palladium zc 19 XS0768457433 disallineata rispetto agli altri zc Palladium
Le Bofa 18 e 20 su Mot/Etlx che con calma si prendono, decisamente a sconto sui cds..

Cmq di roba rimasta un pò indietro si trova sempre qcs..

Poi ci sono molti titoli illiquidi, ma se hai pazienza raccatti e qlche puntazzo si fa sempre..

spannometricamente siamo quasi al 5 lordo a scadenza sulla prima e quasi al 4 sulla seconda.
Corretto ?

 

[drbs315]

spannometricamente siamo quasi al 5 lordo a scadenza sulla prima e quasi al 4 sulla seconda.
Corretto ?

La seconda sul 3,5 o poco meno, ma è un tv dunque meglio approssimarla come 2,15 (circa) +0,7*irs10y, così ognuno ci mette ciò che più gli aggrada (un eur3m o altro) per confrontarla con altre Isp.

Cmq stavo dando un'occhiata anche alle rvf, purtroppo ho solo la Depfa lirata ma pure qui c'era pasto abbondante e pure flusso ced di alto livello.. domani mattina poi un'altra entratina su una delle Telecom in usd (la 38 probabilmente) penso di farla, mi sembra ancora un pò a sconto, e poi oggi ho alleggerito la 33 in euro..

 

[Brizione]

Alliance Bank

JSC ALLIANCE BK 10/17 (Reg.S)
XS0495755562
Senior Unsecured
prezzo 96.670 : 97.365
cedola 10.50
taglio USD 100
rating moody's Caa2

 

[bia06]

Gion scusami puoi postare le quotazioni delle nii dopi questa news?
Thanks!

NII Swings to 1st-Quarter Loss on Expenses For Networks Deployment
05/02/2013| 08:59am US/EasternRecommend:
0
By Debbie Cai

NII Holdings Inc. (>> NII Holdings, Inc.) swung to a first-quarter loss as the Latin American wireless operator posted higher expenses related to the deployment of 3G networks, as well as weaker revenue.

However, shares rose 9.6% to $9.13 in recent premarket trading as Chief Executive Steve Shindler said the company is tracking well on its goals for the year. The stock is down 36% over the past 12 months.

Mr. Shindler said NII Holdings continues to focus on completing its next-generation networks in Mexico and Brazil, improving its operational performance and realigning business operations.

The company, which provides wireless service under the Nextel brand in several Latin American countries, has said it plans this year to continue to invest in the deployment of its 3G networks, with a particular focus on building those networks and improving results in its core markets of Mexico and Brazil.

Last month, the company said it agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones SA (ENTEL.SN) for about $400 million as it narrows its focus to Mexico and Brazil. The deal, which is being structured as a purchase of the shares of NII's subsidiary Nextel del Peru SA, is expected to close in the second half of this year.

The company added 152,000 net subscribers during the quarter, bringing its subscriber base to more than 11.5 million, up 5% from a year earlier.

Churn, a measure of subscriber cancellations, came in at 2.59% for the quarter from 2.07% a year ago.

NII reported a loss of $207.5 million, or $1.21 a share, versus a year-earlier profit of $13.6 million, or eight cents a share. The latest period included $230 million in impairment and restructuring charges.

Revenue fell 13% to $1.41 billion.

The company attributed the results to incremental expenses related to the company's deployment of its planned next generation networks, lower average revenue per subscriber on a local currency basis and weaker average foreign currency exchange rates.

Analysts polled by Thomson Reuters were looking for a per-share loss of 65 cents on revenue of $1.46 billion.

Operating expenses climbed 4.6% to $1.52 billion.

Write to Debbie Cai at [email protected]

 

[gionmorg]

Gion scusami puoi postare le quotazioni delle nii dopi questa news?
Thanks!

Eccole

 

[nik.sala]

KERLING PLC 10/17 REGS
Bond, ISIN XS0480857415, WKN A1ASWK, KE8A
Yield in % (ask) 10.9610
Cupon 10.625

Oggi in grande spolvero mi pare

Potrebbero richiamare entro 1 Feb 2014. Ecco la nota del prospetto

We may redeem some or all of the Senior Secured Notes at any time and from time to time on or after February 1, 2014, at the redemption prices set forth in this listing circular. Prior to February 1, 2014, we may redeem some or all of the Senior Secured Notes at a redemption price equal to 100% of the principal amount of the Senior Secured Notes plus accrued and unpaid interest, if any, to the applicable redemption date plus the applicable “make-whole” premium set forth in this listing circular. In addition, at any time prior to February 1, 2013, we may redeem up to 35% of the aggregate principal amount of the Senior Secured Notes with the proceeds of certain equity afferings. Please see “Description of the Senior Secured Notes—Optional Redemption.”

As part of the coming merger, Kerling will sell its 50% stake of the ethylene re-finery in Rafnes (Norway) to Ineos for EUR 200m-250m. The refinery is not part of Kerling's core business and the sale is not expected to become a reality until at end-2013 at the earliest since the transaction must be approved by the anti-trust authorities and the owners of the Kerling €10.625% 2017 issue.
The proceeds from the sale will be spent on the financing of the coming merger. In addition, the details concerning the merger are very scarce but the following news was disclosed at the subsequent conference call:
1. The merger will not trigger a change of control.
2. The management will not comment on the identity of the third party, but points out that the merger is not driven by the desire to reduce ca-pacity in the market.
3. The driver behind the merger is synergy effects.
Other details concerning the merger will be published as soon as possible and at Kerling's conference call on 10 May at the latest.
The price of the Kerling €10.625% 2017 issue has increased considerably and is now trading at a spread around 890. In our view, a merger with a major inter-national player will be very positive to Kerling's credit profile, and therefore we offhand restate our BUY recommendation. We will revert with an updated re-search report and recommendation as soon as we have more details.