skarlatti
Forumer storico
Che sappia io il bond Eletson che abbiano noi non lo trovi su finra, quello che hai postato tu è un altro.
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
Che sappia io il bond Eletson che abbiano noi non lo trovi su finra, quello che hai postato tu è un altro.
Fabrib
Forumer storico
Macy's (NYSE:M) has launched a cash tender to buy up to $600M in outstanding debt.
Sixteen series are listed for potential repurchase; top priorities in order are the company's 6.65% senior debentures due 2024 (of which there is about $285.3M outstanding); its 8.75% senior debentures due 2029; 7.875% senior debentures due 2030; 6.9% senior debentures due 2032; and 6.7% senior debentures due 2034.
Early tender premium is $30 per $1,000 principal for all series.
The offer expires Dec. 26 unless extended; the early tender date is Dec. 11.
Sixteen series are listed for potential repurchase; top priorities in order are the company's 6.65% senior debentures due 2024 (of which there is about $285.3M outstanding); its 8.75% senior debentures due 2029; 7.875% senior debentures due 2030; 6.9% senior debentures due 2032; and 6.7% senior debentures due 2034.
Early tender premium is $30 per $1,000 principal for all series.
The offer expires Dec. 26 unless extended; the early tender date is Dec. 11.
salice02
Forumer storico
Rispetto a Moby Cooperativa Ravenna è messa peggio perchè ha già annunciato che non pagherà la prossima cedola del bond......
Cyrus, Lampert expected to make Sears bid
Nov. 28, 2018 3:41 PM ET|About: Sears Holdings Corporation (SHLDQ)|By: Clark Schultz, SA News Editor
Cyrus Capital Partners and Eddie Lampert's hedge fund are prepping a joint bid to keep the Sears (OTCPK
HLDQ +18%) department store chain alive, sources tip Bloomberg.
Cyrus and ESL Investments are said to preparing a proposal to swap debt for an ownership stake in the surviving entity.
At the moment, it's unclear if Sears will make it through the holidays intact.
Nov. 28, 2018 3:41 PM ET|About: Sears Holdings Corporation (SHLDQ)|By: Clark Schultz, SA News Editor
Cyrus Capital Partners and Eddie Lampert's hedge fund are prepping a joint bid to keep the Sears (OTCPK
HLDQ +18%) department store chain alive, sources tip Bloomberg.Cyrus and ESL Investments are said to preparing a proposal to swap debt for an ownership stake in the surviving entity.
At the moment, it's unclear if Sears will make it through the holidays intact.
captain sparrow
Forumer storico
bella discesa anche questa
6,75% Central Bank Of Tunisia (2023) - XS1901183043 - Börse Berlin
6,75% Central Bank Of Tunisia (2023) - XS1901183043 - Börse Berlin
mikim
Forumer attivo
CMC sta usufruendo del grace period di 30gg ma credo sia scontato il paganenti della cedola altrimenti è default....non hanno il tempo tecnico per chiedere il concordato in bianco come Astaldi
captain sparrow
Forumer storico
qualche altra informazione
KFM SME Barometer: 6.375% Refinance Heide Bond rated as "Fairly Attractive"
11/27/18 11:00
KFM German Mittelstand AG
Dusseldorf (www.anleihencheck.de) - In its current KFM SME bond barometer for the 6.375% bond of Raffinerie Heide GmbH, KFM Deutsche Mittelstand AG concludes that the bond is now rated as "average attractive (positive outlook)" ( 3.5 out of 5 possible stars).
The origins of the Heide refinery date back to 1940, when a crude oil distillation plant with an annual capacity of 100,000 tonnes was put into operation. Since the start of production, the plant has been successively expanded from a pure crude oil distillation to a combined plant. For example, the product range today mainly includes gas oil products, but also further processed products such as diesel, gasoline and kerosene as well as petrochemical products such as aromatics and olefins. In 2010, the refinery was acquired by the Klesch Group from Shell Germany.
The refinery Heide is located about 100 km northwest of Hamburg near heathland in Schleswig-Holstein. Through its own pipeline network, the refinery has direct access to the port of Brunsbüttel, through which both the supply of raw materials and the supply of customers can be handled, as well as to the cavern storage of the oil storage in Heide. In addition, the refinery has its own storage facilities and its own power plant. The company is one of the leading refineries in Europe in terms of complexity (Nelson index).
Due to the processing of crude oil, there is only an indirect dependence of the company's success on the price of oil. The key earnings driver of the business model is the refining margin. By focussing on higher-level products and the high level of integration with suppliers and customers, the company's ability to plan and profit will be improved.
In the first nine months of 2018, the Heide refinery was able to increase its sales. Turnover after energy taxes rose from € 1.576 billion (9M 2017) by 9.2% to € 1.698 billion (9M 2018). However, EBITDA had dropped to EUR 25.7 million, earnings after taxes amounted to EUR -19.6 million, compared to EUR 37.6 million in the previous period of 2017. The reason for this is mainly increased crude oil prices. The natural gas price has increased by 54%. Likewise, decreasing sales prices (margin) for chemical products (EUR -9.8 million) would have led to a decline in the so-called "gross refinery margin".
The increase in CO 2 emission allowances, unfavorable US dollar / euro exchange rates and two interruptions in production due to scheduled cleaning of the refineries ("cleaning shut downs") in the first nine months of 2018 also contributed to the unfavorable development. In addition, the result had become due to an exceptional market situation in hedging transactions. The equity ratio also fell from 12.1% to 5.6% as at 30.09.2018 due to a dividend payment of EUR 20 million already announced in the securities prospectus.
The bond issued by the refinery Heide GmbH in November 2017 was p.a. with a coupon of 6.375%. (Interest payment semi-annually on 01.04. And 01.10.) Equipped and have a term until 01.12.2022. As part of the bond issue, 250 million euros were placed. Early redemption options for the Issuer are provided for in the bond terms from 01.12.2019 to 103.188%, from 01.12.2020 to 101.594% and from 01.12.2021 to 100% of the nominal value. EUR 200 million of the issue volume should be used to pay a dividend and thus adjust the financing structure. The bond is collateralised with guarantees and various collateral, as well as various covenants such as a limitation on debt, distributions and liens.
Due to its geographical location, the integration of suppliers and customers, its own storage and pipeline capacities as well as its diversified product range, the Heide refinery has an attractive market position. Through optimization measures, the profitability of the plant could be successively and sustainably increased, so that the debt sustainability is considered given. The negative circumstances of the first nine months should be temporary in the view of KFM Deutsche Mittelstand AG. In conjunction with the attractive return of 11.34% p.a. (Price of 85.20% on 26.11.2018), the estimate of the 6.375% refinery Heide bond on "average attractive (positive outlook)" (3.5 out of 5 possible stars) is withdrawn, says KFM Deut
iguanito
Forumer storico
Qualcuno ha il 2034?
mikim
Forumer attivo
Estratto dall'azione di valutazione Rating di Moody's
CONSIDERAZIONI STRUTTURALI
Il rating (P) B3 assegnato ai 250 milioni di euro di titoli di garanzia senior proposti da Raffinerie Heide GmbH tiene conto che i proventi dell'obbligazione saranno utilizzati per finanziare una distribuzione di 200 milioni di EUR agli azionisti, garanzie in contanti, scopi societari generali e transazioni spese. Il rating (P) B3 delle obbligazioni senior garantite proposte è in linea con il CFR in quanto non vi sono altri strumenti di debito nella struttura del capitale. Le note sono obbligazioni garantite senior garantite da tutte le filiali operative
captain sparrow
Forumer storico
prospetto Heide
