oldmouseit
Forumer storico
US87927VAF58
è una Telecom in usd 2033 che ha la call in qualsiasi momento.
A quanto, 100?
è una Telecom in usd 2033 che ha la call in qualsiasi momento.
A quanto, 100?
Portafogli e Strategie (investimento) Investment Grade, entro le frontiere conosciute.
- Creatore Discussione canchye
- Data di Inizio
marcob77
Moderator
io ho comprato 10k della US345370CQ17 a 86,32... ma forse troppo presto..
Fabrib
Forumer storico
General Electric on Thursday said it is offering to buy back up to $5 billion in notes as the conglomerate continues to pare its debt load.
GE said it is launching tender offers covering several series of dollar- and euro-denominated notes as it works to bolster its balance sheet and reduce its industrial leverage.
WSJ
GE said it is launching tender offers covering several series of dollar- and euro-denominated notes as it works to bolster its balance sheet and reduce its industrial leverage.
WSJ
marcob77
Moderator
ottimo mi sembra...cmq i titoli sono rientrati parecchio..
marcob77
Moderator
General Electric Co. GE, +0.48% announced Thursday a tender offer to buy back up to $5 billion worth of its existing debt. The repurchase includes up to $2.5 billion for U.S. dollar-denominated debt and up to $2.5 billion of euro-denominated debt. The industrial conglomerate said it will continue to evaluate potential deleveraging actions, including pension funding and intercompany loan repayment from GE to GE Capital. The dollar-denominated debt subject to the tender offer include 2.700% notes due 2022, 3.375% notes due 2024, 4.125% notes due 2042 and 4.500% notes due 2044. GE's stock, which rose 0.6% in premarket trading, has lost 9.0% over the past three months but has gained 28.6% year to date, while the Dow Jones Industrial Average DJIA, +0.43% has tacked on 4.4% over the past three months and rallied 16.3% this year.
waltermasoni
Caribbean Trader
Kraft Heinz Foods Co. Proposed Senior Unsecured Notes Rated 'BBB-'
- 11-Sep-2019 12:32 EDT
- Table of Contents
CHICAGO (S&P Global Ratings) Sept. 11, 2019--S&P Global Ratings today assigned its 'BBB-' rating to Pittsburgh- and Chicago-based The Kraft Heinz Co.'s proposed senior unsecured notes, which are being offered to qualified institutional buyers under rule 144A with registration rights.
The proposed notes will be issued by the group's primary operating subsidiary, Kraft Heinz Foods Co., and guaranteed by parent The Kraft Heinz Co. The proposed notes rank equally with Kraft Heinz Foods' existing senior unsecured notes, which constitute a substantial majority of the group's approximately $31.1 billion reported debt outstanding as of June 29, 2019.
The company intends to use the net proceeds from this transaction, together with cash on hand, to fund the recently announced redemption and tender offers in a transaction that is neutral to S&P Global Ratings-adjusted leverage, which is in the high-4x area.
All of our existing ratings, including our 'BBB-' issuer credit rating and negative outlook, are unchanged.
Kraft Heinz Co. reported weaker than expected first-half results and leverage is high for the rating category. Assuming 2019 and 2020 EBITDA are not substantially below our expectations, we intend to provide management time to complete its strategic review and embark on a turnaround plan geared toward stabilizing the business and improving credit ratios in line with our expectations for maintaining the rating. Our negative outlook on the issuer credit rating reflects the potential that management may not be able to stabilize the business and that leverage will remain at current levels or rise. We could lower the rating to speculative-grade if we believe Kraft Heinz cannot reduce adjusted leverage below 4x by mid-2021. This could occur if EBITDA drops meaningfully below our recently reduced expectations, which include $6.05 billion reported EBITDA in 2019, compared to $6.4 billion previously, and we come to believe the strategic plan to be announced by the new CEO in early 2020 will be unsuccessful.
waltermasoni
Caribbean Trader
waltermasoni
Caribbean Trader
Caterpillar Inc.'s Proposed Senior Unsecured Notes Rated 'A'
- 16-Sep-2019 10:59 EDT
- Table of Contents
NEW YORK (S&P Global Ratings) Sept. 16, 2019--S&P Global Ratings today assigned its 'A' issue-level rating to Deerfield, Ill.-based Caterpillar Inc.'s (A/Stable/A-1) proposed senior unsecured notes. We expect the company will issue the notes in two tranches of 10-year and 30-year maturities. The notes will rank equally with all of Caterpillar's existing and future unsecured obligations. We expect Caterpillar will use the proceeds of this issuance to fund discretionary pension contributions to its U.S. pension plans. This transaction does not have a material impact on the company's credit measures.
Our ratings on Caterpillar reflect its strong market position as the world's largest construction and mining equipment manufacturer, and a leading provider of diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company maintains a broad product line and a global footprint that balances well between mature and higher growth markets. However, manufacturing credit measures can be highly volatile in correlation with the demand cycle.
Our base-case scenario anticipates decelerating sales growth for Caterpillar in 2019 and into 2020, as the global economy slows and trade uncertainties persist. Still, we believe Caterpillar's past restructuring actions and ongoing cost discipline will enable the company to sustain a strong S&P Global Ratings-adjusted EBITDA margin of around 20%. Overall, we forecast the company will maintain a funds from operations (FFO)-to-debt ratio well above 60% over the next 12-24 months, which provides the company with a healthy cushion to our 30% downside trigger in the event of a cyclical downturn.