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

[warren baffo]

WeWork Bonds Crash To Record Low, JPMorgan Financial Lifeline Preferred

 

[m.m.f]

Potrebbe

...non trovo nulla d'altro in giro su Frontier .

 

[waltermasoni]

Altice Luxembourg SA Senior Notes 'B-' Rating Affirmed; '5' Recovery Rating Unchanged

• 15-Oct-2019 12:32 EDT

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• Table of Contents
  

PARIS (S&P Global Ratings) Oct. 15, 2019--S&P Global Ratings today affirmed its 'B-' issue rating on the senior secured notes issued by Altice Luxembourg SA (B/Negative/--). The recovery rating on these notes is '5', reflecting our expectation of modest, although improving recovery prospects (10%-30%; rounded estimate: 15%).

KEY ANALYTICAL FACTORS

• Under our hypothetical default scenario, we assume that operating sub-groups Altice France (SFR) and Altice International are unable to upstream sufficient cash to service Altice Luxembourg's senior secured notes interest, due to a prolonged operating underperformance.
• We thus anticipate that in an event of interest payment default, Altice Luxembourg would sell its stake in Altice International to repay its debt and that there would be sufficient equity value left, after reimbursing Altice International creditors, for recovery prospects of at least 15% for Altice Luxembourg's noteholders.
• Our 'B-' issue rating and '5' recovery rating reflect the senior secured notes' reliance on dividends from SFR and Altice International to service its own debt, as well as their subordination to Altice Luxembourg's €200 million super senior revolving credit facility (RCF) and all the indebtedness of the guarantors (all subsidiaries).
• The recovery prospects are slightly improving, from 10% to 15%, reflecting the full repayment of Altice Luxembourg's remaining €1.0 billion 2022 senior notes. This improvement is mitigated by Altice International's perimeter change, asset disposals (100% of the Dominican Republic and 75% of the Portuguese towers), and lower EBITDA base (June 2019 last-12 months adjusted EBITDA lower by about 4.5% against 2018 EBITDA, itself about 12% lower year-on-year, pro forma the new perimeter).

 

[Fabrib]

Softbank, JP Morgan Chase Discussing Plan To Provide Combination Of Equity & Debt To WeWork - CNBC

La ‘vendetta globale della liquidità’ ha messo in ginocchio WeWork e scatenato un’epidemia di insolvenze tra gli hedge fund
Business insider

 

[qquebec]

Ciao a tutti vi giro quanto mi ha rispsosto fineco in merito dopo almeno tre mie richieste di chiarezza:
Gentile Marco, in merito alla sua richiesta la informiamo che, dal 09/10/2019 il
lotto minimo di trattazione del titolo ISIN FI4000331004 è passato
da 100.000 a 1.000 nominali.
Le confermiamo che, il titolo risulta essere riservato alla
clientela professionale.

Per Binck è tutto il contrario (al momento)

 

[qquebec]

Lebanon is preparing to sell a eurobond of about $2bn this month, with the cash raised earmarked for refinancing maturing debts and shoring up shaky public finances. On October 1, Moody's put Lebanon's Caa1 credit rating under review for downgrade, saying anticipated external financial assistance had not yet been forthcoming. Ratings agency Fitch downgraded Lebanon to CCC in August, citing debt servicing concerns. At the same time, S&P Global affirmed Lebanon at B-/B with a negative outlook, saying it considered foreign exchange reserves sufficient to service government debt in the "near term".

 

[fabriziof]

Chs 2022 continua a essere bene intonato

 

[gukko]

Lebanon is preparing to sell a eurobond of about $2bn this month, with the cash raised earmarked for refinancing maturing debts and shoring up shaky public finances. On October 1, Moody's put Lebanon's Caa1 credit rating under review for downgrade, saying anticipated external financial assistance had not yet been forthcoming. Ratings agency Fitch downgraded Lebanon to CCC in August, citing debt servicing concerns. At the same time, S&P Global affirmed Lebanon at B-/B with a negative outlook, saying it considered foreign exchange reserves sufficient to service government debt in the "near term".

Secondo te che cedola devono mettere in cantiere per risultare appetibili vista la situazione?

 

[IL MARATONETA]

gente, qualcuno ha una idea di come viaggi Promontoria? non riesco a trovare bilanci on line, a parte il giudizio di moody che è stabile. il bond viaggia ormai da mesi sui 90. il settore in cui opera, handling cargo aeroporti, non mi sembra neanche male, ma mi sembra sia stata acquisita da Cerberus.

Acquistata da 15 giorni a 88,50 ora viaggia sopra 90.

Riepilogo aziendale
Promontoria Holding 264 BV è stata costituita da Cerberus Capital Management, LP per facilitare l'acquisizione di Worldwide Flight Services ("WFS") da Platinum Equity. Con sede a Parigi, WFS è il più grande operatore di trasporto aereo di merci al mondo e un fornitore leader di servizi di assistenza a terra con oltre 1,2 miliardi di euro di ricavi totali. WFS è presente in 198 sedi aeroportuali in 22 paesi e serve oltre 300 clienti.

 

[qquebec]

Secondo te che cedola devono mettere in cantiere per risultare appetibili vista la situazione?

Intorno al 9%