Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (6 lettori)

iguanito

Forumer storico
c'è un bond delle seychelles, XS0471464023, con cedola 8% scadenza 2026; taglio minimo 100 dollari. si prende a 98. vedo che il volume in circolazione è la metà dell'emissione però.
 

bia06

Listen other's viewpoint avoid conflicts & wars.
Interessante

High Yield

Italy State Lender, Funds Ready Final Offer for Autostrade Stake (BBG)


· Group led by CDP may only be willing to marginally alter offer

· Final bid set to be discussed at parent company Atlantia’s AGM

Italy’s state-backed lender Cassa Depositi e Prestiti SpA is working on a new offer for a controlling stake in Atlantia SpA’s highway unit, seeking to seal a deal after four consecutive bids were dismissed by the company’s board, people familiar with the matter said.

Cassa Depositi, together with funds Macquarie Group Ltd. and Blackstone Group Inc., is negotiating with Atlantia on changes to the latest offer for an 88% stake in Autostrade per l’Italia SpA, expected to be filed by a March 27 deadline.

Atlantia’s board has asked its management to seek a “substantial improvement” in the bid, but Cassa Depositi and its partners see only limited room for changes, leaving the final outcome for the deal uncertain, according to the people.

The infrastructure company’s board is set to ask its investors to vote on the new proposal at its next general meeting, the people said.

Officials for Cassa Depositi, Atlantia, Blackstone and Macquarie declined to comment.

The talks are now centered around the offer’s legal conditions and contractual obligations, the people said, rather than just on raising the value of the bid -- set at 9.1 billion euros ($10.8 billion) for 100% of Autostrade after a months-long due diligence process.

Reducing the impact of Atlantia’s legal liabilities stemming from the deadly 2018 collapse of a bridge managed by Autostrade is a key focus at this stage, the people said.

Representatives for Atlantia and the bidding group are in touch daily, according to the people, but a final decision on a new bid has not been reached yet and the negotiations could still fall apart.

In a statement Monday evening, Atlantia said it has been responding to the various positions of its investors, and claimed that “disadvantageous” government-imposed conditions are the reason no other suitors have made bids for Autostrade.
 

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