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

Interessante
The high-yield debt issue has a 7.75% coupon and is set to mature on June 15, 2021. The debt is now trading at $67.25

interessante come un acquisto al centro commerciale per passare la domenica, direi che c'è di meglio sulla piazza io ci ho messo 5k per far compagnia ai 4-5 relitti che tendono la mano dal fondo delle sabbie mobili in cui sono invischiati, non potevo rifiutare, piezz 'e core
 
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Shares in Nyrstar slumped to a record low on Friday after Europe’s largest zinc producer warned on profits. After the market closed on Thursday, the Belgium-based group said third-quarter profits had been negatively impacted by weak zinc prices and “historically” low processing charges. Zinc, used to rustproof steel, has dropped 23 per cent to below $2,500 a tonne since June, hit hard by the US-China trade spat and concerns about slowing global growth. While Nyrstar, which operates zinc smelters and mines in Europe, Australian and the US, still expects to generate cash this year, the profit warning will add to concerns over the company’s balance sheet and how it will refinance a €350m bond next year. “Debt remains a key issue for the Nyrstar . . . although management have so far not mentioned raising equity, we see it as a possibility to materially reduce the burden of their debt,” said analysts at Berenberg. Nyrstar’s biggest shareholder is Trafigura, one of the world’s biggest independent commodity traders. It owns almost 21 per cent of the company. Shares in Nyrstar fell €1.5 to a record low of €2.97. Nyrstar said: “The outlook for the Company in 2019 will benefit from the ongoing ramp-up of the Port Pirie [smelter] Redevelopment, the ramp-up of the Myra Falls mine, which achieved first concentrate production this quarter and is expected to make its first concentrate shipment in the fourth quarter of 2018, and the hedge of 166,000 tonnes of zinc for Nyrstar’s mining operations that has been put in place at a price of approximately $3,000 per tonne. “Spot zinc treatment charges, driven by the zinc concentrate market becoming better supplied, have increased notably in China over the past two quarters. This is expected to result in higher realised treatment charges for the Company in 2019 compared to 2018.”
 

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