Nuove_emissioni, collocamenti Nuove Emissioni

[qquebec]

Freenet 7,125%

Emissione tedesca da 400 mln nel campo delle telecomunicazioni:

Emissione 400 Mln Euro
Taglio min. 1.000 Euro
ISIN DE000A1KQXZ0
Scadenza 20.04.2016
Cedola a. 7,125%
Senza rating

Sito web: freenet Group | Startseite

 

[gionmorg]

Isin?

 

[gionmorg]

Emissione tedesca da 400 mln nel campo delle telecomunicazioni:

Emissione 400 Mln Euro
Taglio min. 1.000 Euro
ISIN DE000A1KQXZ0
Scadenza 20.04.2016
Cedola a. 7,125%
Senza rating

Sito web: freenet Group | Startseite

Remes

 

[gionmorg]

Emissione tedesca da 400 mln nel campo delle telecomunicazioni:

Emissione 400 Mln Euro
Taglio min. 1.000 Euro
ISIN DE000A1KQXZ0
Scadenza 20.04.2016
Cedola a. 7,125%
Senza rating

Sito web: freenet Group | Startseite

Prospetto

 

[Comandante Gerard]

No, mi riferisco a questa: 6,375% DE000CB83CE3 scadenza 2019 taglio minimo 1k

Questa sulla borsa tedesca è segnalata così: Tier-Anleihe!
Ci han messo il punto esclamativo quindi credo proprio che anche questa non sia una LT2...

 

[gionmorg]

Price talk looks a bit tight in our view
Goodyear, one of the largest tyre manufacturers globally, has announced the issuance of EUR 250 mn senior unsecured notes. The proceeds of the notes will be used to repay the borrowing under its credit facility. The current EV of Goodyear is USD 7.2 bn, resulting in an EV/EBITDA of 5.1x. The notes are unsecured obligations of the issuer. On a relative comparison with its closest peer Michelin, we find the metrics are weaker (EBITDA margins almost half of Michelin’s and leverage a turn higher). Moreover, Michelin is rated BBB vs. Goodyear’s issuer rating of Ba3/BB-. Michelin 3 year notes currently trade at a yield of c. 3.5% and based on our assessment of Goodyear’s credit profile and considering that it is a 8 year note, we view the price talk as a bit tight and believe fair value to be slightly above 7%. We initiate with a "High Risk" assessment given the innate cyclicality, high adjusted leverage (c. 4x) and low diversification. We will comment in more detail in a New Issue Assessment later today.

 

[gionmorg]

New EUR 200 mn senior notes to be priced today
We view the bonds as a “buy” at the wide end of the price talk of 9.25-9.5%; we view the tight end close to fair value
Guala Closures is the world’s leading producer of high-value added closures for spirits with a particularly strong presence in emerging markets. The business is owned 88% by a Consortium indirectly controlled by affiliates of DLJ Merchant banking funds and Intesa Sanpaolo, with the remainder owned by management. The company has planned a EUR senior notes unsecured issue along with new facilities to refinance the existing facilities and part-finance a moderately-sized acquisition. We view the facilities as senior to the notes in all respects, particularly with regards to the security package and guarantees, and believe a potential recovery would be low. However, we view the business favourably given leading market positions, strong geographical exposure and product diversity, though offset by high leverage and exposure to resin cost volatility. That said, at the price talk of 9.25-9.5% for a largely stable, high EBITDA niche packaging name, we view the bonds as a “buy”, especially if it prices at the wide end of the range. We initiate with a “Medium Risk” on the LARA scale and will issue a more detailed New Issue Assessment later today.

 

[gionmorg]

rating guala

Preliminary Issuer Credit Rating
Ratings Rating Date Regulatory Identifiers Last Credit Rating Action/
Foreign Long Term B 13-Apr-2011 -- 13-Apr-2011
Outlook Stable
Local Long Term B 13-Apr-2011 -- 13-Apr-2011
Outlook Stable

 

[samantaao]

New Issue = Alba Group / B3 / € / 7 Y / 8.5 % / Waste Management Germany.

ciao
isin?

 

[gionmorg]

New bond issue: Hypermarcas sells USD 750m in 2021 bonds with 6.50% coupon

Hypermarcas (Brazil) on April 14, 2011 placed USD 750m in bonds with a 6.50% coupon, maturing in 2021. The bond was priced at 98.203% to yield 6.750%. Banco Bradesco, Citigroup, HSBC, Itau arranged the deal.

Issuer, issue number: Hypermarcas, 2021
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 750 000 000
End of placement: Apr 14 2011
Issue price: 98.203
Yield at Pricing: 6.75%
Coupon: 6.50%
Coupon frequency: 2 time(s) per year
Settlement Date: Apr 20 2011
Maturity date: Apr 20 2021
Issue Managers: Banco Bradesco, Citigroup, HSBC, Itau
Issuer profile:
Hypermarcas is one of the largest consumer goods companies funded with Brazilian capital and has the largest and most diversified portfolio of brands, including a number of leading brands in their respective markets. We operate in four market segments, developing, manufacturing and distributing products that belong to a traditional and well-established portfolio of brands: •Pharmaceutical: over-the-counter medications (OTC), prescribed medications (Rx) and generics - Benegrip, Engov, Rinossoro, Doril, Tamarine, Atroveran; •Beauty and Personal Care: e.g. Monange, Paixão, Risqué, Bozzano, Jontex, Olla, Cenoura & Bronze; •Food Products: e.g. Finn, Zero Cal, Salsaretti; e •Home Care Products: e.g. Assolan e Mat Inset.

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