angy2008
Forumer storico
qualcuno ha notizie del nuovo bond Chrysler 8% $
Chrysler High-Yield Price Talk Tops 8%
Chrysler High-Yield Price Talk Tops 8%
Nuove_emissioni, collocamenti Nuove Emissioni (1 Viewer)
- Creatore Discussione Giontra
- Data di Inizio
nik.sala
Money Never Sleeps
nik.sala
Money Never Sleeps
angy2008
Forumer storico
grazie NIK mi mancavano gli ISIN, titoli interessanti per il piccolo spread bid/ask se vero, per il resto ...... originali per il taglio, .... adattissimi x diversificare i portafogli dei billionaire, ... aspettiamo ansiosi emissioni con tagli da 500k
nik.sala
Money Never Sleeps
figurati
sull' USD tagli così oramai sono all'ordinarietà
sentivo ieri su CLASS CNBC che x investire in questi bond, dei privati creano una società ad HOC dove fanno confluire il capitale.
E' l'unica soluzione, a meno che non si abbia un portafoglio "monstre"
iguanito
Forumer storico
Non è male come idea.figurati
sull' USD tagli così oramai sono all'ordinarietà
sentivo ieri su CLASS CNBC che x investire in questi bond, dei privati creano una società ad HOC dove fanno confluire il capitale.
E' l'unica soluzione, a meno che non si abbia un portafoglio "monstre"
bulogna
Forumer storico
figurati
sull' USD tagli così oramai sono all'ordinarietà
sentivo ieri su CLASS CNBC che x investire in questi bond, dei privati creano una società ad HOC dove fanno confluire il capitale.
E' l'unica soluzione, a meno che non si abbia un portafoglio "monstre"
Società ad HOC.
Un mio amico mi dice sempre:
le società migliori sono quelle con numero soci dispari e minori di tre .....
Gala secured notes priced to yield 8.875% and unsecured to yield 12%
Prefer the secured notes for choice. Decline and inconsistency in earnings is a key concern
The pricing on Gala’s new notes concluded. The EUR 350 mn 2018 secured notes were priced slightly wider than the initial price talk, at 8.875%, while the EUR 275 mn 2019 unsecured notes were priced to yield c. 12%, also wider than initial price talk of 11.5%. It appears that the launch was anything but smooth. We are wary of the unsecured notes presently given the company’s weak earnings dynamics, particularly in remote gambling, and continued challenging macro environment across both the U.K. and Europe. We prefer to stay in the secured part of the structure for choice. We assigned a “High Risk” assessment on the LARA scale. For details please refer our New Issue Assessment published May 23rd.
Prefer the secured notes for choice. Decline and inconsistency in earnings is a key concern
The pricing on Gala’s new notes concluded. The EUR 350 mn 2018 secured notes were priced slightly wider than the initial price talk, at 8.875%, while the EUR 275 mn 2019 unsecured notes were priced to yield c. 12%, also wider than initial price talk of 11.5%. It appears that the launch was anything but smooth. We are wary of the unsecured notes presently given the company’s weak earnings dynamics, particularly in remote gambling, and continued challenging macro environment across both the U.K. and Europe. We prefer to stay in the secured part of the structure for choice. We assigned a “High Risk” assessment on the LARA scale. For details please refer our New Issue Assessment published May 23rd.
Ultima modifica:
Rexel prices its EUR 500 mn 2018 notes to yield 7%
“Buy” the RXLFP 8.25% 12/16 at 109 or a Z-spread of 359 bps and the new RXLFP 7% 12/18 at 101 or a Z-spread of 374 bps
Rexel successfully placed EUR 500 mn of 7.5Y bonds to yield 7%. While pricing was a bit tighter than we had hoped for (7.25% area) we continue to like Rexel due to its market leading positions in the various markets it operates in, its strong cash flow generation capabilities, the fact that a cyclical downturn normally leads to substantial working capital releases easing pressure on funding, its so far prudent financial policy and the favourable industry outlook. However, we expect the company to accelerate its investment activities and increase shareholder remuneration. We anticipate a further improvement of its credit profile in the course of the year and would not be surprised to see some positive rating actions. Thus, we keep our “buy” recommendation for Rexel and a “Medium Risk” assessment on the LARA scale. For more details please refer to our New Issue Flash published May 23rd.
“Buy” the RXLFP 8.25% 12/16 at 109 or a Z-spread of 359 bps and the new RXLFP 7% 12/18 at 101 or a Z-spread of 374 bps
Rexel successfully placed EUR 500 mn of 7.5Y bonds to yield 7%. While pricing was a bit tighter than we had hoped for (7.25% area) we continue to like Rexel due to its market leading positions in the various markets it operates in, its strong cash flow generation capabilities, the fact that a cyclical downturn normally leads to substantial working capital releases easing pressure on funding, its so far prudent financial policy and the favourable industry outlook. However, we expect the company to accelerate its investment activities and increase shareholder remuneration. We anticipate a further improvement of its credit profile in the course of the year and would not be surprised to see some positive rating actions. Thus, we keep our “buy” recommendation for Rexel and a “Medium Risk” assessment on the LARA scale. For more details please refer to our New Issue Flash published May 23rd.
New bond issue: PERTAMINA sells USD 500m in 2041 bonds with 6.50% coupon
PERTAMINA (Indonesia) on May 20, 2011 placed USD 500m in bonds with a 6.50% coupon, maturing in 2041. The bond was priced at 98.380% to yield 6.625%. Citigroup, Credit Suisse, HSBC arranged the deal.
Issuer, issue number: PERTAMINA, 2041
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 500 000 000
ISIN: USY7138AAA89
End of placement: May 20 2011
Issue price: 98.38
Yield at Pricing: 6.625%
Coupon: 6.50%
Coupon frequency: 2 time(s) per year
Settlement Date: May 27 2011
Maturity date: May 27 2041
Issue Managers: Citigroup, Credit Suisse, HSBC
Issuer profile:
PERTAMINA is a State Owned oil & gas company (National Oil Company), established on December 10, 1957 under the name PT PERMINA. In 1961 the company changed its name to PN PERMINA and after the merger with PN PERTAMIN in 1968 it became PN PERTAMINA. With the enactment of Law 8 of 1971 the company became PERTAMINA. This name persisted until after PERTAMINA changed its legal status to PT PERTAMINA (PERSERO) on October 9, 2003. PERTAMINA's scope of business incorporates the upstream and downstream sectors. The upstream sector covers oil, gas and geothermal energy exploration and production both domestically and overseas. The foregoing is pursued through own operations and through partnerships in the form of joint operations with JOBs (Joint Operating Bodies), TACs (Technical Assistance Contracts) and JOCs (Joint Operating Contracts), whereas the downstream sector includes processing, marketing, trading and shipping. Commodities produced range from Fuel (BBM) and Non Fuel (Non BBM), LPG, LNG, petrochemicals to Lube Base oil.
Outstanding issues:
2 issue(s) outstanding worth USD 1 500 000 000
PERTAMINA (Indonesia) on May 20, 2011 placed USD 500m in bonds with a 6.50% coupon, maturing in 2041. The bond was priced at 98.380% to yield 6.625%. Citigroup, Credit Suisse, HSBC arranged the deal.
Issuer, issue number: PERTAMINA, 2041
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 500 000 000
ISIN: USY7138AAA89
End of placement: May 20 2011
Issue price: 98.38
Yield at Pricing: 6.625%
Coupon: 6.50%
Coupon frequency: 2 time(s) per year
Settlement Date: May 27 2011
Maturity date: May 27 2041
Issue Managers: Citigroup, Credit Suisse, HSBC
Issuer profile:
PERTAMINA is a State Owned oil & gas company (National Oil Company), established on December 10, 1957 under the name PT PERMINA. In 1961 the company changed its name to PN PERMINA and after the merger with PN PERTAMIN in 1968 it became PN PERTAMINA. With the enactment of Law 8 of 1971 the company became PERTAMINA. This name persisted until after PERTAMINA changed its legal status to PT PERTAMINA (PERSERO) on October 9, 2003. PERTAMINA's scope of business incorporates the upstream and downstream sectors. The upstream sector covers oil, gas and geothermal energy exploration and production both domestically and overseas. The foregoing is pursued through own operations and through partnerships in the form of joint operations with JOBs (Joint Operating Bodies), TACs (Technical Assistance Contracts) and JOCs (Joint Operating Contracts), whereas the downstream sector includes processing, marketing, trading and shipping. Commodities produced range from Fuel (BBM) and Non Fuel (Non BBM), LPG, LNG, petrochemicals to Lube Base oil.
Outstanding issues:
2 issue(s) outstanding worth USD 1 500 000 000