Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Nov. 2, 2017 3:21 AM ET|By: Yoel Minkoff, SA News Editor
In the first of a series of pro-market reforms, Argentina has unveiled sweeping proposals to cut taxes, including lowering corporate rates to 25% from 35% and slashing employer social security taxes.
The plans, which officials hope congress will approve by the end of the year, aim to increase economic growth by 0.5% per year for at least five years, as President Macri strives to make the nation's economy more competitive.
 
A proposito di rimborsi oggi scade il primo termine della tender navistar ma stacca anche la cedola. Chi per primo si vede accreditato qualcosa cortesemente lo posti. Grazie.
 
Alliance One International : Reports Improved Sales and Gross Profit for the Second Quarter and Six Months Ended September 30, 2017 | 4-Traders

Il bond ha ancora tanta strada da fare secondo me

'As previously reported and consistent with our plan, in April we utilized surplus cash to reduce long-term debt with the purchase and cancellation of $28.6 million of our 9.875% senior secured second lien notes, leaving $662.9 million outstanding at September 30, 2017. Our liquidity at quarter-end was strong with available credit lines and cash of $517.1 million. In addition to an improved second quarter we are forecasting fiscal year 2018 to improve, when compared to last year, with sales in a range of $1,900.0-$2,000.0 million and Adjusted EBITDA in a range of $165.0-$185.0 million. By fiscal year-end we also expect good improvement in our net leverage ratio, defined as total debt minus cash divided by Adjusted EBITDA.

During the six months ended September 30, 2017, we purchased $28.6 million of our existing senior secured second lien notes due 2021 at a discount resulting in debt retirement income of $3.0 million.
 

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