Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (4 lettori)

fabriziof

Forumer storico
After downgrading Transocean to SD last week, S&P has reversed its ratings on the driller and upgraded it to CCC. After exchanging its near term maturities for longer dated bonds due 2029, the rating agency is of the view that Transocean has enhanced its “liquidity runway” and has slightly more buffer to fulfill its upcoming debt obligations. Aside from debt exchanges, Transocean has extended its secured credit facility by two years to June 2025, albeit with reduced facilities of $774mn through June 2023 and $600mn through June 2025, from an initial quantum of $1.3bn. S&P estimates that the driller still has about $533mn of debt obligations in the next 12 months as well as $820mn of capex. While the rating agency thinks the driller can cover these, they have a very limited liquidity cushion. S&P continues to maintain a negative outlook on the firm, given its unsustainable leverage, significant maturities in the near term and the potential to initiate another distressed debt exchange in the next 12 months.

Transocean’s 9.35% 2041s are trading higher at 59.5, up by 0.75 points to yield 16.28%.
 

fabriziof

Forumer storico
After downgrading Transocean to SD last week, S&P has reversed its ratings on the driller and upgraded it to CCC. After exchanging its near term maturities for longer dated bonds due 2029, the rating agency is of the view that Transocean has enhanced its “liquidity runway” and has slightly more buffer to fulfill its upcoming debt obligations. Aside from debt exchanges, Transocean has extended its secured credit facility by two years to June 2025, albeit with reduced facilities of $774mn through June 2023 and $600mn through June 2025, from an initial quantum of $1.3bn. S&P estimates that the driller still has about $533mn of debt obligations in the next 12 months as well as $820mn of capex. While the rating agency thinks the driller can cover these, they have a very limited liquidity cushion. S&P continues to maintain a negative outlook on the firm, given its unsustainable leverage, significant maturities in the near term and the potential to initiate another distressed debt exchange in the next 12 months.

Transocean’s 9.35% 2041s are trading higher at 59.5, up by 0.75 points to yield 16.28%.
Io vendetti a 45 ,bella prodezza…
 

captain sparrow

Forumer storico
pazzesco. borsa Stuttgart
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mararr

Nuovo forumer
Nella sezione investor del sito di ekosem era stato indicato che la 24 avrebbe quotato senza rateo

As of 1 August 2022, the Ekosem-Agrar bond 2019/2024 will be quoted as so-called “flat bonds”, which means that no accrued interest will be payable when the bonds are purchased on the stock exchange. The 8.5% Ekosem-Agrar bond 2012/2022, on the other hand, will continue to trade with accrued interest until further notice.

The payment of the deferred interest of 2.5 % of the Ekosem-Agrar bond 2019/2024 will be executed along with the regular interest payment on 1 August 2023.
 

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