Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate, vol.3 (4 lettori)

IL MARATONETA

Forumer storico

fabriziof

Forumer storico
Non ho capito tutto ma si allunga la duration, rimane cedola trimestrale pur cambiando scadenza, c'è un premio per chi approva e il tasso non scende. Altro che non ho scritto?
Mi sembra rilevante che la cedola possa aumentare


iv) modify the Indenture and the Notes to contemplate a step up in the rate of interest payable on the Notes in the event of occurrence of certain event(s), as follows:

if, during the period from and including the Execution Date through the maturity date, on the last Business Day of any Collection Period (each such date, a "Calculation Date"), the Royalties Coverage Amount is less than 1.35x but greater than 1.05x (each such date, an "Interest Rate Step Up Date"), then the interest rate payable on the Notes during and with respect to the interest period immediately following such Interest Rate Step Up Date and with respect to each subsequent interest period until an Interest Rate Reset Date (as defined below) occurs, shall be increased by 1.00% per annum to an aggregate rate of 9.950% per annum (such increased rate, "Step Up Rate of Interest").
if, on any Calculation Date following the occurrence of an Interest Rate Step Up Date, the Royalties Coverage Amount is equal to or greater than 1.35x (each such date, a "Interest Rate Reset Date"), then the interest rate payable on the Notes shall be reset beginning as from the interest period immediately following such Interest Rate Reset Date to the original rate of 8.950% per annum, unless and until any subsequent Interest Rate Step Up Date occurs.
for the avoidance of doubt, if the Royalties Coverage Amount as of any relevant Calculation Date is less than 1.05x, the Step Up Rate of Interest shall not apply and interest shall accrue at the original rate of 8.950% per annum, provided that the other provisions of the Indenture shall apply, including the provisions related to "Trigger Events", as modified by the Proposed Amendments.
 

iguanito

Forumer storico
Mi sembra rilevante che la cedola possa aumentare


iv) modify the Indenture and the Notes to contemplate a step up in the rate of interest payable on the Notes in the event of occurrence of certain event(s), as follows:

if, during the period from and including the Execution Date through the maturity date, on the last Business Day of any Collection Period (each such date, a "Calculation Date"), the Royalties Coverage Amount is less than 1.35x but greater than 1.05x (each such date, an "Interest Rate Step Up Date"), then the interest rate payable on the Notes during and with respect to the interest period immediately following such Interest Rate Step Up Date and with respect to each subsequent interest period until an Interest Rate Reset Date (as defined below) occurs, shall be increased by 1.00% per annum to an aggregate rate of 9.950% per annum (such increased rate, "Step Up Rate of Interest").
if, on any Calculation Date following the occurrence of an Interest Rate Step Up Date, the Royalties Coverage Amount is equal to or greater than 1.35x (each such date, a "Interest Rate Reset Date"), then the interest rate payable on the Notes shall be reset beginning as from the interest period immediately following such Interest Rate Reset Date to the original rate of 8.950% per annum, unless and until any subsequent Interest Rate Step Up Date occurs.
for the avoidance of doubt, if the Royalties Coverage Amount as of any relevant Calculation Date is less than 1.05x, the Step Up Rate of Interest shall not apply and interest shall accrue at the original rate of 8.950% per annum, provided that the other provisions of the Indenture shall apply, including the provisions related to "Trigger Events", as modified by the Proposed Amendments.
E' già in corso di ammortamento da parecchio tempo questo bond
 

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