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[gionmorg]

Odebrecht tenders bonds for cash, plans new bonds

Brazilean Engineering and Construction company Odebrecht has offered to buy all of its outstanding Odebrecht, 2014, Odebrecht, 2017, Odebrecht, 2020 bonds for cash. It plans to issue up to USD 500m in new 12-year bond amortizing in 2022 and 2023 to fund the transaction. The tender expires on March 30.

BofA Merrill Lynch and HSBC are managing the deal.

Issuer, issue number: Odebrecht, 2014
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 200 000 000
ISIN: USG6710EAC42
End of placement: Apr 02 2009
Issue price: 98.552
Yield at Pricing: 9.72%
Coupon: 9.625%
Coupon frequency: 2 time(s) per year
Settlement Date: Apr 09 2009
Maturity date: Apr 09 2014
Issue Managers: Itau Bank Ltd., Santander
Trading floor: Luxembourg S.E.
Issuer profile:
Odebrecht is a Brazilian organization with global quality standards. It renders Engineering and Construction services in most of the countries of South America, Central America, in the United States, in Africa, in Portugal and the Middle East. It controls Braskem, the largest petrochemical company in Latin America, which exports to over 60 countries in all the continents. It develops and administrates infrastructure projects, focusing on public/private partnerships and concessions. Since 2007, it invests in the Bioenergy sector, concentrated in producing ethanol and sugar and in co-generating power from sugar and alcohol production. It also has activities in the Oil and Gas, Environmental Engineering and Real Estate Enterprise segments and takes part of enterprises in the Transport sector, in Portugal, and that of Mining, in Africa. With approximately 59 thousand contributors, Odebrecht is one of the pioneers in Brazil in promoting social activities and, additionally to its business commitments, invests in education, health and environmental projects and supports cultural initiatives - thus, widening its scope of contribution towards the development of the countries it serves. The ethical and cultural unity of these operations is ensured by the application of the Odebrecht Entrepreneurial Technology, a set of principles, concepts and standards developed since 1944, when the Group was founded by Norberto Odebrecht, who established Construtora Norberto Odebrecht the following year.

Outstanding issues:
6 issue(s) outstanding worth USD 3 300 000 000

 

[gionmorg]

Ghana mulls eurobond

Ghana may return to international debt markets by the end of June this year. According to TheGraphic Business, the government started communicating with Citigroup, Standard Chartered and Morgan Chase for a possible USD 500m bond aimed to to fund its social programmes.
Its first USD 750m 10-year eurobond was sold in 2007 at par, to yield 8.5%. Citigroup and UBS managed the deal.

Issuer, issue number: Ghana, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 750 000 000
ISIN: XS0323760370
End of placement: Oct 04 2007
Issue price: 100
Coupon: 8.5%
Coupon frequency: 2 time(s) per year
Settlement Date: Oct 04 2007
Maturity date: Oct 04 2017
Issue Managers: Citi / UBS Investment Bank
Trading floor: London S.E.
Issuer profile:
Ghana is a country in West Africa.
Area – 238 535 sq.km (81th).
Population – 23,8 mln. (48th)
The capital is Accra.
Official language – English.
Local currency – Ghanaian cedi (GHC).
Government – Presidential republic.
Ghana is a member of many international organisations including the Commonwealth of Nations, the Economic Community of West African States, the African Union and the United Nations.

Outstanding issues:
1 issue(s) outstanding worth USD 750 000 000

Issuer's rating:
Standard & Poor's B/Stable Int. Scale (foreign curr.) 27.08.2010
Fitch Ratings B+/Stable Int. Scale (foreign curr.) 24.09.2010

 

[gionmorg]

New bond issue: Magyar Telekom sells EUR 80m tap to its 2016 bond

Magyar Telekom (Hungary) on March 23, 2011 placed EUR 80m tap to its 2016 bond at 99.0% to yield 9.726%. The amount outstanding totals now USD 349.997 m.



Issuer, issue number: Magyar Telekom, 2016
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: EUR, 50000
Amount: 425 000 000
ISIN: XS0473176658
End of placement: Dec 08 2009
Issue price: 98.752
Yield at Pricing: 9.75%
Coupon: 9.50%
Coupon frequency: 2 time(s) per year
Settlement Date: Dec 16 2009
Maturity date: Dec 15 2016
Issue Managers: Credit Suisse
Trading floor: Luxembourg S.E.
Issuer profile:
Magyar Telecom B.V. is the parent company of Invitel. Invitel is one of the largest alternative network providers in Hungary. It originates from a number of mergers and rebanding activities. In 2007, the HTCC Group acquired Invitel Zrt, a subsidary of Tele2, becoming Hungary’s number one alternative network provider and second largest fixed-line service provider. Back in 2007, the HTCC Group then consisted of Hungarotel Zrt., Pantel Kft., HTCC Kft., V-holding Zrt. and Euroweb Zrt.All entities merged products and services were represented under the “Invitel” brand, with effect from 1 January 2008. Invitel now owns the concession areas formerly owned by Hungarotel and PanTel which it acquired in 2005. HTCC owns a proprietary backbone network, and 7,152 kilometres of optical network. The HTCC Group has so far spent over USD 1 billion on the deployment of its network in Hungary. Since 1 January 2008, Invitel Telecom uses the networks of other telecom service providers to offer voice services through call-by-call carrier selection and carrier pre-selection, as well as broadband Internet services and IPTV services.

Outstanding issues:
1 issue(s) outstanding worth EUR 425 000 000

 

[gionmorg]

ew bond issue: Slovenia sells EUR 1500m in 2026 bonds with 5.125% coupon

The Republic of Slovenia on March 22, 2011 placed EUR 1500m in bonds with a 5.125% coupon, maturing in 2026. The bond was priced at 99.7230%. Credit Agricole, ING, Societe Generale, UniCredit Group arranged the deal.

Issuer, issue number: Slovenia, 2026
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: EUR, 1000
Amount: 1 500 000 000
ISIN: SI0002103164
End of placement: Mar 22 2011
Issue price: 99.723
Coupon: 5.125%
Coupon frequency: 1 time(s) per year
Settlement Date: Mar 30 2011
Maturity date: Mar 30 2026
Issue Managers: Credit Agricole, ING, Societe Generale, UniCredit Group
Trading floor: Ljubljana S.E.
Issuer profile:
Slovenia is a country in Central Europe.
Area – 20 273 sq.km (153th).
Population – 2 mln. (144th)
The capital is Ljubljana.
Official language – Slovene.
Local currency – Euro (EUR).
Government – Parliamentary republic.
Slovenia is a member of the European Union, the Eurozone, the Schengen area, the Organization for Security and Co-operation in Europe, the Council of Europe and NATO.

Outstanding issues:
9 issue(s) outstanding worth EUR 10 950 000 000

Issuer's rating:
Moody's Investors Service Aa2/Stable Int. Scale (foreign curr) 31.03.2009
Standard & Poor's AA/Negative Int. Scale (foreign curr.) 22.12.2010
Fitch Ratings AA/Stable Int. Scale (foreign curr.) 12.07.2006

 

[gionmorg]

New bond issue: KWG Property Holdings sells USD 350m in 2016 bonds with 12.750% coupon

KWG Property Holdings (China) on March 23, 2011 placed USD 350m in bonds with a 12.750% coupon, maturing in 2016. The bond was priced at 100% to yield 12.75%. Morgan Stanley,Citigroup, HSBC, Standard Chartered Bank arranged the deal.

Issuer, issue number: KWG Property Holdings, 2016
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 200000
Amount: 350 000 000
ISIN: XS0606309846
End of placement: Mar 23 2011
Issue price: 100
Yield at Pricing: 12.75%
Coupon: 12.750%
Coupon frequency: 2 time(s) per year
Settlement Date: Mar 29 2011
Maturity date: Sep 29 2016
Issue Managers: Morgan Stanley,Citigroup, HSBC, Standard Chartered Bank
Trading floor: SGX
Issuer profile:
KWG Property Holdings Limited is one of the largest privately-owned property developers in Guangzhou, Guangdong, China. It is engaged in the development of residentia], commercial and hotel properties in Guangzhou, Suzhou, Kunshan, Chengdu and Beijing. In particular, KWG is focusing on developments in the Zhujiang New Town, a new central business district in Guangzhou and the venue of Asian Games in 2010. The company was established in 1995 and listed on the Hong Kong Stock Exchange in 2007.

Outstanding issues:
2 issue(s) outstanding worth USD 600 000 000

 

[qquebec]

Due nuove emissioni HY

MUSKETEER GMBH
9,5%
15/03/2021
680 mln
XS0611238816

SCANDINAVIAN AIRLINES
9,65%
16/03/2014
75 mln
SE0003883727

 

[qquebec]

Kabel BW

KABEL BADEN-WUERTTEMBERG GMBH, the cable television provider being acquired by Liberty Global Inc., is planning a 2.25 billion-euro sale of bonds in euros and dollars, according to a banker involved in the transaction. Kabel is offering unsecured 10-year notes that may yield about 9.75 percent and secured eight-year securities at about 7.75 percent, said the banker, who declined to be identified because terms haven’t been set. The sale also includes seven-year secured notes that may yield 425 basis points to 450 basis points more than Euribor.

I bond sono questi:

XS0611219949 (EUR)
USD64268AA91 (USD)

 

[qquebec]

In arrivo altra sfilza di bond HY

APERAM, the stainless-steel producer spun off by ArcelorMittal, plans to sell $250 million of 5-year debt and $250 million of 7-year notes. Proceeds will be used to repay outstanding amounts under a bridge facility with ArcelorMittal Finance.

JAMES RIVER COAL CO. plans to sell $250 million of senior notes due 2019, according to a statement from PR Newswire. The Richmond, Virginia-based company also plans to sell $125 million of convertible senior debt due 2018, according to the statement. Proceeds will help fund the acquisition of International Resource Partners LP. The notes may be rated Caa1 by Moody’s Investors Service and B+ by Standard & Poor’s, according to a person familiar with the offering who declined to be identified because terms aren’t set.

MRIYA AGRO HOLDING PLC, a Ukrainian farming company, hired Bank of America Merrill Lynch, Royal Bank of Scotland Group Plc and UBS AG to arrange a sale of bonds in dollars, according to a banker involved with the transaction who declined to be identified because terms aren’t set.

CRESTWOOD MIDSTREAM PARTNERS LP plans to sell $200 million of eight-year notes, the Houston-based Crestwood Midstream said in a statement distributed by Marketwire. The debt will be non- callable for four years and help finance the acquisition of assets from Frontier Gas Services LLC, said a person familiar with the transaction who declined to be identified because terms aren’t set.

SI ORGANIZATION INC., the former Lockheed Martin Corp. unit once known as Enterprise Integration Group, may sell $175 million of senior subordinated notes, according to S&P. The proceeds may be used with $340 million of bank debt and $370 million of new common stock to pay for its acquisition by Veritas Capital, S&P said.
Offerings in Pipeline

CAISSE D’AMORTISSEMENT DE LA DETTE SOCIALE, the French state-owned financial institution created to repay social security system debt, plans to sell notes in benchmark size, typically at least $500 million, according to a person familiar with the transaction, who declined to be identified because terms aren’t set.

BANK NEDERLANDSE GEMEENTEN NV, the bank responsible for medium- and long-term lending to municipalities in the Netherlands, may sell 3-year notes, according to a person familiar with the sale. The offering is subject to market conditions, said the person, who declined to be identified because terms aren’t set.

SUNAC CHINA HOLDINGS LTD., a developer based in Tianjin, postponed a series of investor credit meetings after it hired Goldman Sachs Group Inc., Deutsche Bank AG and Standard Chartered Plc to help it with a sale of dollar bonds, according to a person familiar with the offering. The five-year notes may be rated B+ by Standard & Poor’s, said the person, who declined to be identified because terms aren’t set.

ASTON RESOURCES LTD., the Australian mineral exploration company, is considering selling bonds in the U.S. to help raise funds to develop its Maules Creek coal project in New South Wales, Chief Executive Officer Todd Hannigan said at a business luncheon in Sydney March 3. Aston may raise $300 million to $500 million, he said.

MONGOLIA is planning its first sale of sovereign bonds, seeking about $500 million, to establish a benchmark that would help companies from the resource-rich nation located between China and Russia raise funds from credit markets. The sale will “probably” take place in 2011, pending parliament’s approval, Vice Minister of Finance Ganhuyag Chuluun Hutagt said March 3 in an interview in Ulan Bator.

BAA LTD., the owner of London’s Heathrow airport, said it plans to sell bonds in dollars for the first time this year as it seeks to fund the renovation of Europe’s biggest hub. The company is owned by Spain’s Ferrovial SA.

AVG TECHNOLOGIES, the Czech maker of internet security software, plans to sell bonds to U.S. investors to raise money for dividends and acquisitions, said Siobhan MacDermott, AVG’s Prague-based investor relations officer, in an interview Feb. 10. The producer of a free antivirus program that competes with McAfee Inc. and Symantec Corp. is seeking to raise $300 million of debt, MacDermott said.

TATA STEEL LTD., India’s biggest producer of the alloy, plans to sell $500 million of debt by the middle of this year, CNBC-TV18 news channel reported, without saying where it got the information.

RODOPA EXPORTACAO DE ALIMENTOS & LOGISTICA LTDA, a Brazilian beef producer, may sell as much as $100 million in five-year bonds in the second half of this year or early next year, Chief Executive Officer Sergio Longo said Feb. 4 in an interview at the company’s headquarters in Sao Paulo.

GAIL LTD., a government-run gas distributor in India, may sell $200 million of dollar-denominated bonds, Finance Director Raj Kumar Goel said in New Delhi.

PT SULFINDO ADIUSAHA, an Indonesian company which makes chlorine and chemicals, hired Barclays Plc and Standard Chartered Plc to help it sell five-year, fixed-rate dollar bonds, according to a person familiar with the matter.

INKIA ENERGY, a unit of Israel Corp., may sell bonds in the U.S. to finance expansion of its electricity generation business, according to a spokesman for the holding company. The company plans to raise $250 million from the sale and is in discussions with several foreign banks, Calcalist reported Jan. 9, without saying where it obtained the information.

AMERICAN INTERNATIONAL GROUP, the insurer rescued by the U.S. government, is contemplating a new debt sale, a person familiar with the matter said. The firm hasn’t considered a timeline for when it might sell more bonds, said the person, who declined to be identified because the terms aren’t set. AIG sold $2 billion of bonds Dec. 1 in its first offering since it was rescued by the U.S. government in 2008.

PTT EXPLORATION & PRODUCTION PCL, Thailand’s only listed oil and gas explorer, plans to sell bonds denominated in dollars, according to a person familiar with the transaction. PTT Exploration hired Barclays Plc to manage the sale, said the person, who declined to be identified because terms aren’t set. Barclays is arranging a U.S. dollar-denominated medium-term note program for the company, the person said.

AL BARAKA BANK EGYPT ESC, a unit of Bahrain-based Albaraka Banking Group (BARKA), may sell dollar-denominated Islamic bonds in the second half of 2011, the bank’s chairman said Sept. 29. The bank hasn’t decided on the size of the bond, he said.

 

[C.Bonacieux]

APERAM, the stainless-steel producer spun off by ArcelorMittal, plans to sell $250 million of 5-year debt and $250 million of 7-year notes. Proceeds will be used to repay outstanding amounts under a bridge facility with ArcelorMittal Finance.

JAMES RIVER COAL CO. plans to sell $250 million of senior notes due 2019, according to a statement from PR Newswire. The Richmond, Virginia-based company also plans to sell $125 million of convertible senior debt due 2018, according to the statement. Proceeds will help fund the acquisition of International Resource Partners LP. The notes may be rated Caa1 by Moody’s Investors Service and B+ by Standard & Poor’s, according to a person familiar with the offering who declined to be identified because terms aren’t set.

MRIYA AGRO HOLDING PLC, a Ukrainian farming company, hired Bank of America Merrill Lynch, Royal Bank of Scotland Group Plc and UBS AG to arrange a sale of bonds in dollars, according to a banker involved with the transaction who declined to be identified because terms aren’t set.

CRESTWOOD MIDSTREAM PARTNERS LP plans to sell $200 million of eight-year notes, the Houston-based Crestwood Midstream said in a statement distributed by Marketwire. The debt will be non- callable for four years and help finance the acquisition of assets from Frontier Gas Services LLC, said a person familiar with the transaction who declined to be identified because terms aren’t set.

SI ORGANIZATION INC., the former Lockheed Martin Corp. unit once known as Enterprise Integration Group, may sell $175 million of senior subordinated notes, according to S&P. The proceeds may be used with $340 million of bank debt and $370 million of new common stock to pay for its acquisition by Veritas Capital, S&P said.
Offerings in Pipeline

CAISSE D’AMORTISSEMENT DE LA DETTE SOCIALE, the French state-owned financial institution created to repay social security system debt, plans to sell notes in benchmark size, typically at least $500 million, according to a person familiar with the transaction, who declined to be identified because terms aren’t set.

BANK NEDERLANDSE GEMEENTEN NV, the bank responsible for medium- and long-term lending to municipalities in the Netherlands, may sell 3-year notes, according to a person familiar with the sale. The offering is subject to market conditions, said the person, who declined to be identified because terms aren’t set.

SUNAC CHINA HOLDINGS LTD., a developer based in Tianjin, postponed a series of investor credit meetings after it hired Goldman Sachs Group Inc., Deutsche Bank AG and Standard Chartered Plc to help it with a sale of dollar bonds, according to a person familiar with the offering. The five-year notes may be rated B+ by Standard & Poor’s, said the person, who declined to be identified because terms aren’t set.

ASTON RESOURCES LTD., the Australian mineral exploration company, is considering selling bonds in the U.S. to help raise funds to develop its Maules Creek coal project in New South Wales, Chief Executive Officer Todd Hannigan said at a business luncheon in Sydney March 3. Aston may raise $300 million to $500 million, he said.

MONGOLIA is planning its first sale of sovereign bonds, seeking about $500 million, to establish a benchmark that would help companies from the resource-rich nation located between China and Russia raise funds from credit markets. The sale will “probably” take place in 2011, pending parliament’s approval, Vice Minister of Finance Ganhuyag Chuluun Hutagt said March 3 in an interview in Ulan Bator.

BAA LTD., the owner of London’s Heathrow airport, said it plans to sell bonds in dollars for the first time this year as it seeks to fund the renovation of Europe’s biggest hub. The company is owned by Spain’s Ferrovial SA.

AVG TECHNOLOGIES, the Czech maker of internet security software, plans to sell bonds to U.S. investors to raise money for dividends and acquisitions, said Siobhan MacDermott, AVG’s Prague-based investor relations officer, in an interview Feb. 10. The producer of a free antivirus program that competes with McAfee Inc. and Symantec Corp. is seeking to raise $300 million of debt, MacDermott said.

TATA STEEL LTD., India’s biggest producer of the alloy, plans to sell $500 million of debt by the middle of this year, CNBC-TV18 news channel reported, without saying where it got the information.

RODOPA EXPORTACAO DE ALIMENTOS & LOGISTICA LTDA, a Brazilian beef producer, may sell as much as $100 million in five-year bonds in the second half of this year or early next year, Chief Executive Officer Sergio Longo said Feb. 4 in an interview at the company’s headquarters in Sao Paulo.

GAIL LTD., a government-run gas distributor in India, may sell $200 million of dollar-denominated bonds, Finance Director Raj Kumar Goel said in New Delhi.

PT SULFINDO ADIUSAHA, an Indonesian company which makes chlorine and chemicals, hired Barclays Plc and Standard Chartered Plc to help it sell five-year, fixed-rate dollar bonds, according to a person familiar with the matter.

INKIA ENERGY, a unit of Israel Corp., may sell bonds in the U.S. to finance expansion of its electricity generation business, according to a spokesman for the holding company. The company plans to raise $250 million from the sale and is in discussions with several foreign banks, Calcalist reported Jan. 9, without saying where it obtained the information.

AMERICAN INTERNATIONAL GROUP, the insurer rescued by the U.S. government, is contemplating a new debt sale, a person familiar with the matter said. The firm hasn’t considered a timeline for when it might sell more bonds, said the person, who declined to be identified because the terms aren’t set. AIG sold $2 billion of bonds Dec. 1 in its first offering since it was rescued by the U.S. government in 2008.

PTT EXPLORATION & PRODUCTION PCL, Thailand’s only listed oil and gas explorer, plans to sell bonds denominated in dollars, according to a person familiar with the transaction. PTT Exploration hired Barclays Plc to manage the sale, said the person, who declined to be identified because terms aren’t set. Barclays is arranging a U.S. dollar-denominated medium-term note program for the company, the person said.

AL BARAKA BANK EGYPT ESC, a unit of Bahrain-based Albaraka Banking Group (BARKA), may sell dollar-denominated Islamic bonds in the second half of 2011, the bank’s chairman said Sept. 29. The bank hasn’t decided on the size of the bond, he said.

 

[gionmorg]

ce ne fosse uno con taglio 1k mortacci loro