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

[pierersilio]

Eh lo so, purtroppo non so il tedesco

E' inglese non è tedesco

 

[angy2008]

wind

per chi ha le Wind c'è una consent solicitation che eroga ben 0,5% ma bisogna rispondere in fretta

 

[zoro-aster]

lo so e non mi ero reso ancora conto che avete fatto un thread separato quindi come non detto chiedo scusa per l`equivoco

 

[qquebec]

per chi ha le Wind c'è una consent solicitation che eroga ben 0,5% ma bisogna rispondere in fretta

In pratica chiedono ai secured bondholders di acconsentire il rimborso dei bond Wind 11,75% e Wind 12,25% tramite emissione di nuovi senior secured. Difficile che dicano di no

 

[cristian2008]

In pratica chiedono ai secured bondholders di acconsentire il rimborso dei bond Wind 11,75% e Wind 12,25% tramite emissione di nuovi senior secured. Difficile che dicano di no

Ciao,ho Wind Acquisition 12,25% 2009-17 XS0473617883. Non vedo questo ISIN nella lista Avis ( link di sopra ) Sai qualcosa in più? Grazie

 

[fabriziof]

Ciao,ho Wind Acquisition 12,25% 2009-17 XS0473617883. Non vedo questo ISIN nella lista Avis ( link di sopra ) Sai qualcosa in più? Grazie

verrà rimborsato a luglio ,c'è scritto anche lì

 

[qquebec]

Ciao,ho Wind Acquisition 12,25% 2009-17 XS0473617883. Non vedo questo ISIN nella lista Avis ( link di sopra ) Sai qualcosa in più? Grazie

Come dicevo, non vedi gli ISIN perchè la consent solicitation è rivolta ai senior secured bondholders (non ai senior unsecured ). In pratica l'emittente gli chiede (e li paga per questo) il consenso a emettere altri bond secured per rifinanziare i bond senior HY che scadono nel 2017. Ottenuto il consenso da loro (cosa abbastanza scontata), Wind richiamerà i 4 bond Wind 2017 (vedi pag. 2).

 

[Magician]

Ciao,ho Wind Acquisition 12,25% 2009-17 XS0473617883. Non vedo questo ISIN nella lista Avis ( link di sopra ) Sai qualcosa in più? Grazie

Ciao Cristian.

Questo è il passaggio dove parlano del rimorso della tua PIK:

""to be used to make one or more loans to WIND, which in turn will be lent to WIND’s immediate parent Wind Acquisition Holdings S.p.A (“Parent”), in a principal amount of up to €800,000,000 plus any additional amount required as a consequence of movements in foreign exchange rates in order to effect a full refinancing, after taking into account the Cash Injection (as defined below), of the €325,000,000 original issuance aggregate principal amount 12¼% Senior Notes due 2017 and $625,000,000 original issuance aggregate principal amount 12¼% Senior Notes due 2017 (together the “PIK Notes”) issued by Wind Acquisition Holdings Finance S.A. (the “Issuer“ or WAHF S.A.”) (the “PIK Notes Refinancing”) plus an aggregate amount equal to (without double counting) associated transaction costs, fees (including any consent fees), expenses, stamp duty or other similar taxes, call premium, accrued but unpaid interest (including payment of accrued and unpaid interest through July 15, 2014 and the prepayment premium thereon) or any other amounts in connection with, or otherwise related to, any of the foregoing only for the purpose of funding a cash distribution or dividend out of distributable reserves, including the share-premium reserve, or loan (the “Cash Distribution”) to the Parent. The Parent will use the loan proceeds from WIND, together with other available cash following the Cash Injection, to effect the prepayment of its intercompany loan(s) with WAHF S.A. WAHF S.A. intends to prepay, using all available funds, all of its PIK Notes including the payment of accrued and unpaid interest and the prepayment premium thereon, by funding the PIK Notes trustee with sufficient cash to satisfy and discharge the indenture governing the PIK Notes;""

 

[angy2008]

Come dicevo, non vedi gli ISIN perchè la consent solicitation è rivolta ai senior secured bondholders (non ai senior unsecured ). In pratica l'emittente gli chiede (e li paga per questo) il consenso a emettere altri bond secured per rifinanziare i bond senior HY che scadono nel 2017. Ottenuto il consenso da loro (cosa abbastanza scontata), Wind richiamerà i 4 bond Wind 2017 (vedi pag. 2).

a quanto possono richiamare i bond 2017?

 

[cristian2008]

Ciao Cristian.

Questo è il passaggio dove parlano del rimorso della tua PIK:

""to be used to make one or more loans to WIND, which in turn will be lent to WIND’s immediate parent Wind Acquisition Holdings S.p.A (“Parent”), in a principal amount of up to €800,000,000 plus any additional amount required as a consequence of movements in foreign exchange rates in order to effect a full refinancing, after taking into account the Cash Injection (as defined below), of the €325,000,000 original issuance aggregate principal amount 12¼% Senior Notes due 2017 and $625,000,000 original issuance aggregate principal amount 12¼% Senior Notes due 2017 (together the “PIK Notes”) issued by Wind Acquisition Holdings Finance S.A. (the “Issuer“ or WAHF S.A.”) (the “PIK Notes Refinancing”) plus an aggregate amount equal to (without double counting) associated transaction costs, fees (including any consent fees), expenses, stamp duty or other similar taxes, call premium, accrued but unpaid interest (including payment of accrued and unpaid interest through July 15, 2014 and the prepayment premium thereon) or any other amounts in connection with, or otherwise related to, any of the foregoing only for the purpose of funding a cash distribution or dividend out of distributable reserves, including the share-premium reserve, or loan (the “Cash Distribution”) to the Parent. The Parent will use the loan proceeds from WIND, together with other available cash following the Cash Injection, to effect the prepayment of its intercompany loan(s) with WAHF S.A. WAHF S.A. intends to prepay, using all available funds, all of its PIK Notes including the payment of accrued and unpaid interest and the prepayment premium thereon, by funding the PIK Notes trustee with sufficient cash to satisfy and discharge the indenture governing the PIK Notes;""

Grazie