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

Bombardier now has a valuation of just over $1 billion, and long-term debt stands at more than $10 billion. Even if the company use all of its cash reserves, including the sale proceeds from the rail segment, to pay down its debt load, these liabilities would still outweigh the equity value by more than 300%. And that’s not a likely scenario given that the business is losing more money than ever in the current environment.


Giustamente hanno venduto il settore ferroviario per concentrarsi su quello aereo ...subito dopo è scoppiata la pandemia con gli aerei fermi tutti
 
Bombardier now has a valuation of just over $1 billion, and long-term debt stands at more than $10 billion. Even if the company use all of its cash reserves, including the sale proceeds from the rail segment, to pay down its debt load, these liabilities would still outweigh the equity value by more than 300%. And that’s not a likely scenario given that the business is losing more money than ever in the current environment.


Giustamente hanno venduto il settore ferroviario per concentrarsi su quello aereo ...subito dopo è scoppiata la pandemia con gli aerei fermi tutti

Hanno tenuto solo i jet privati. Anche gli aerei sono gia' stati venduti.
 
...essendo BB+ la considero HY. Che ne pensate di questa nuova emissione?
Issuer: The Republic of Serbia (represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance)

Issuer Ratings: Moody’s: Ba3 (Positive) / S&P: BB+ (Stable) / Fitch: BB+ (Stable)

Ranking: Senior, Unsecured

Format: Reg S/144A

Amount: Benchmark

Coupon: Fixed, Annual, Act/Act

Maturity: May 2027

IPTs: 3.875% area

Denominations: €100k x €1k
 
Solo
...essendo BB+ la considero HY. Che ne pensate di questa nuova emissione?
Issuer: The Republic of Serbia (represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance)

Issuer Ratings: Moody’s: Ba3 (Positive) / S&P: BB+ (Stable) / Fitch: BB+ (Stable)

Ranking: Senior, Unsecured

Format: Reg S/144A

Amount: Benchmark

Coupon: Fixed, Annual, Act/Act

Maturity: May 2027

IPTs: 3.875% area

Denominations: €100k x €1k

Solo per chiarire. Abbiamo avuto in altre occasioni modo di argomentare su questo. Si ritiene HY un bond non già per il suo rating ma per il suo rendimento. Nella maggioranza dei casi la cosa è collegata ma non sempre. Correggetemi se non dico bene.
 

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