Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (5 lettori)

[gionmorg]

oggi cedola petrobras 18, con iw ancora nulla.

azione +28%
Genworth surges in premarket after CFIUS clears deal with China Oceanwide - Genworth Financial, Inc. (NYSE:GNW) | Seeking Alpha

 

[fabriziof]

AIR BERLIN PLC FX 8,25 % 2011/2018
ALLIANCE ONE INT INC $ FX 9.875 15/07/21
ARCELORMITTAL SA $ FX 7,75 % 15/10/2039
AVON PRODUCTS INC FX 7,70 % 2043
AXA SA CMS PERPETUAL
BANCO SANTANDER FX 5,75 % PERPETUAL
BCP SINGAPORE CAYMAN FUNDING 2021 8%
BOMBARDIER INC FX 7,75 % 03/20
CALIFORNIA RESOURCES CORP FX 8 % 2022
CALUMET SPECIALITY $ FX 7,625 % 2022
CAMPOSOL SA FX 10,5 % 15/07/2021
CENTURYLINK INC FX 7,65 % 2042
CHS/COMMUNITY HEALTH SYSTEM FX 8 % $ 2019
CIMENTO TUPI SA FX 9,75 % 2018
CLIFFS NATURAL RESOURCES 10/01/40 $ FX 6,25 %
COLOMBIA TELECOMUNICACIONES SA ESP 8.500 % PERP
COMMUNITY CHOICE FINL INC $ FX 10,75 2019
COMPANHIA DE SEGUROS TRANQUILIDADE FX 3.717 % PERP
EFG HELLAS FUNDING 6%
ELECTRICIDAD DE CARACAS 04/18 FX 8,5 %
ELETSON HOLDING 2022 $ FX 9,625 %
EMP DISTRIBUIDORA NORTE 10/22 FX 9,75 %
EP ENERGY LLC $ FX 9,375 % 12/20
FERRELLGAS PARTNER LP $ FX 8,625 2020
FORTEBANK JSC 14/24 FX 11,75 %
FRESH MARKET INC $ FX 9,75 2023
FRONTIER COMMUNICATIONS FX 9 % 2031
GENERAL SHOPPING FINANCE PERPETUAL FX 10 %
GENON ENERGY FX 9.875 % 10/15/20
GENWORTH HOLDINGS INC 7.625 09/24/2011
GRUPO FAMSA SAB DE CV & FX 7.250 % 06/01/20
HERTZ CORP $ FX 7,375 %
HEXION INC $ FX 10 % 2020
HT1 FUNDING (COMMERZBANK) FX 6,352 % PERPETUAL
IMMUCOR INC FX 11,125 % $ 2019
INTELSAT LUX $ FX 7,75 % 2021
JC PENNY CORP $ 2097 FX 7,62 %
KINDRED HEALTHCARE $ FX 8,75 2023
LEBANESE REPUBLIC $ 7.05 % 15/35
LEGACY RESERVES LP $ FX 8 2020
LEXMARK INTL $ 7,125 % FX 2020
LUPATECH FINANCE $ FX 3 % 2021
MONITRONICS INTL $ FX 9,125 % 2020
NAVIOS MARITIME $ FX 8,125 % 13/21
NEW ALBERTSONS INC $ FX 8,70 % 2030
NIBC BANK NV IRS LINK PERPETUAL
NOBLE HOLDING $ FX 8,2 % 2045
PETROBRAS FX 8,375 % 12/18
PETROLEOS DE VENEZUELA 05/35 $ FX 9,75
PETSMART INC $ FX 7,125 % 2023
PRIDE INTERNATIONAL $ FX 7,875 % 2040
REPUBLIC OF BRAZIL FX 8,25 % 2034
RESPARC FUNDING II FX 7,5 % PERPETUAL
RITE AID CORP $ FX 7,70 % 2027
ROYAL BANK OF SCOTLAND FX 5,5 % PERPETUAL
RUSSIAN FEDERATION 2027 8,15 % RUB
SAFEWAY FX 7.250 $ 02/01/31
SCHOLZ AG FX 8,5 % 2019
SEARS HOLDING FX 8 % 2019 $
SEYCHELLES, REPUBLIC OF $ FX STEP-UP 2026
SERVICIOS CORP JAVER SAP $ FX 9.875 04/06/21
SNS BANK PERPETUAL FX 11,25
SPRINT CAPITAL CORP $ FX 8,75 2032
SYNIVERSE HOLDINGS $ FX 9,125 2019
TELECOM ITALIA FINANCE FX 7.2 % 2006-36
TENET HEALTHCARE CORP $ FX 8.125 % 04/01/22
TOYS "R" US INC 2021 FX 12 %
TRANSENER $ FX 9,75 % 2021
TRANSOCEAN INC $ FX 7,50 % 2031
UNIVERSAL HOSPITAL SERVICES INC 7.625 08/15/20
VALE CANADA LTD FX 7,20 % 2032
VALEANT PHARMACEUTICALS $ FX 7,25 % 2022
VENEZUELA REP. $ FX 13.625 % 2008/2018
WEATHERFORD INT FX $ 9,875 2039
WINDSTREAM LLC $ FX 8.75 % 17/24
YPF SA $ FX 8,75 2024

Da non imitare, causa forte stress psico/fisico

...anche per il back office di iw

 

[gionmorg]

...anche per il back office di iw

non sta tutto su iw, fortuna loro.

 

[waltermasoni]

Tunisia

Press Release

 

[gionmorg]

Intelsat : Announces Concurrent Offerings of Common Shares and Convertible Notes | 4-Traders

Intelsat currently expects that it will use such net proceeds to purchase, by way of tender offer, open market purchases, and/or other means, the 7¾% Senior Notes due 2021 of Intelsat Luxembourg. If Intelsat is not able to purchase such notes at acceptable prices, Intelsat may seek to utilize such net proceeds for other general corporate purposes, including without limitation the purchase, redemption or repayment otherwise of other indebtedness of Intelsat Luxembourg or of Intelsat Connect Finance S.A.

Probabile offer sul 2021 Lux? Ultimo prezzo un filo sotto 87

Qualcosa bolle in pentola, è passata una milionata a 90

 

[marcob77]

quello è il motivo principale e poi i conti non sono migliorati anche grazie a un +50% dei furti che non eran già quisquilie

Grazie a entrambi..però se la paragono a petrobras che ha un rating più basso mi sembra che renda comunque troppo, che ne pensate?

 

[veltroni]

Scusate chi ha di voi Supervalu conccedol al 1.6 ioiancora non ricevuta

 

[gionmorg]

Chewy’s release as guarantor of PetSmart debt is credit negative
Last Monday, PetSmart Inc. (Caa1 negative) announced that it had completed a series of transactions whereby Chewy is no longer its wholly owned subsidiary and therefore, no longer a guarantor of obligations under PetSmart’s term loan. The release of Chewy’s guarantee under the term loan caused the release of PetSmart’s outstanding senior notes guarantee. Chewy’s release as guarantor is credit negative for PetSmart debtholders. Chewy remains a restricted subsidiary under PetSmart’s credit agreements and the indentures governing its outstanding senior notes, and a guarantor of the obligations under the company's asset-based revolver. PetSmart accomplished the transition by declaring a dividend of 20% of Chewy’s outstanding common stock to its parent company, Argos Holdings, which in turn made a dividend of this Chewy common stock to its parent company. Separately, PetSmart invested 16.5% of Chewy’s outstanding common stock in the form of a capital contribution to a wholly owned unrestricted subsidiary of PetSmart. The development is credit negative for PetSmart’s existing debtholders because it will dilute the collateral pool for PetSmart’s existing secured creditors. We assess that there are no significant restrictions in the credit agreements or indentures for a transfer of assets to non-guarantor restricted subsidiaries. Also, there is no requirement under the bond covenants to repay any debt from the proceeds of the 36.5% Chewy equity that was transferred because the equity will have no restrictions under the asset sale covenants of the bonds. Proceeds from the 20% of Chewy’s equity now held by the company’s parent could remain at that parent entity, or be a dividend to the sponsors. Moreover, the unrestricted subsidiary can issue debt that would be structurally senior to PetSmart debt. Proceeds from new debt issuance at the unrestricted subsidiary could be used to purchase PetSmart debt at a deep discount. Depending on the circumstances of such a purchase, we could deem it a distressed exchange and view it as a default. The acquisition of Chewy added $2 billion of debt to PetSmart’s balance sheet. PetSmart’s credit metrics are weak, and we expect lease-adjusted debt/EBITDA to be more than 8.0x over the next 12 months versus 5.4x before the Chewy acquisition, and only modest deleveraging. PetSmart’s operating performance has been well below our expectation, with declining same-stores sales amid increased competitive and pricing pressure from e-commerce and mass retailers. We expect Chewy to be EBITDA negative for at least the next 12 months, and expect PetSmart’s metrics to improve only because of stronger operating performance at its brick-and-mortar operations, synergies related to the Chewy acquisition and PetSmart’s ongoing cost-reduction program. Cost cuts target all business areas, including cost of goods sold, logistics, sourcing, store operating costs and overhead. However, PetSmart’s ability to improve debt/EBITDA over the next 12 months remains uncertain because reducing leverage depends on its ability to integrate the Chewy acquisition, generate synergies, prepay debt and simultaneously compete with peers such as Petco Animal Supplies, Inc. (B3 negative), mass merchandisers such as Walmart Inc. (Aa2 stable) and e-commerce players such as Amazon.com, Inc. (Baa1 positive). PetSmart’s current liquidity is very good, with the nearest debt maturity an asset-based revolver in December 2021, so the company has a significant liquidity runway. The revolver is $955 million until March 2020 and $750 million thereafter until December 2021. The company currently has no drawings under the revolver. Despite the high cash interest expense related to its sizable debt load, we believe that PetSmart’s internal cash sources will cover all cash needs over the next 12 months, including growing capital spending, with the company using excess cash flow for debt reduction.

bond petsmart in spolvero....

 

[Joe Silver]

ARCELORMITTAL SA $ FX 7,75 % 15/10/2039
AXA SA CMS PERPETUAL
BANCO SANTANDER FX 5,75 % PERPETUAL
BCP SINGAPORE CAYMAN FUNDING 2021 8%
BOMBARDIER INC FX 7,75 % 03/20
COLOMBIA TELECOMUNICACIONES SA ESP 8.500 % PERP
FORTEBANK JSC 14/24 FX 11,75 %
FRONTIER COMMUNICATIONS FX 9 % 2031
GENERAL SHOPPING FINANCE PERPETUAL FX 10 %
GENWORTH HOLDINGS INC 7.625 09/24/2011
LEXMARK INTL $ 7,125 % FX 2020
PETROBRAS FX 8,375 % 12/18
REPUBLIC OF BRAZIL FX 8,25 % 2034
ROYAL BANK OF SCOTLAND FX 5,5 % PERPETUAL
SPRINT CAPITAL CORP $ FX 8,75 2032
TELECOM ITALIA FINANCE FX 7.2 % 2006-36
VALE CANADA LTD FX 7,20 % 2032

Da non imitare, causa forte stress psico/fisico

Queste c'è l'ho !

 

[angy2008]

Grazie a entrambi..però se la paragono a petrobras che ha un rating più basso mi sembra che renda comunque troppo, che ne pensate?

io mi curo marginalmente dei rating e le ho entrambe