Nuove_emissioni, collocamenti Nuove Emissioni (6 lettori)

[gionmorg]

Exclusive: Viennese confectionery Heberer issued without bond and without stock banks
Own mission is being advertised in stores
The Viennese confectionery Heberer own plans a real mission. Consequently, the issue of a corporate bond, except banks and stock exchange is planned. The bonds will however be applied in the branches of the company. This report financial circles exclusively against fixed-income.org. For the ninth To August has invited the company to a press conference, reporting on the business during the first half of 2011. The Viennese confectionery Heberer, with around 400 stores one of the leading bakery chains in the German market. At a production capacity of 150 million units in 2010, the company generated a turnover of over € 130 million. In some regions such as the Rhine-Main region, the company is market leader and the nation's chain store with the most frequency locations at train stations, subway stations and airports.

 

[angy2008]

La celebre società americana che fattura oltre 3 mld di USD ha appena emesso tre bond HY con taglio da 2K:

WARNER MUSIC HOLDINGS FINANCE CORP 13,75% 2019 (USU97142AA89)
WARNER MUSIC FINANCE CORPORATION 11,75% 2018 (USU97124AB49)
WARNER MUSIC FINANCE CORPORATION 9,5% 2016 (USU97124AA65)

carini, qui non ti puoi lamentare x il taglio se è 2k è insolitamente basso, però bisognerebbe capire come stanno messi a utili + che a fatturato e quanti debiti hanno.

 

[gionmorg]

Non mi sembrano messi male, un pensierino si potrebbe fare, solo a vedere a che prezzi.

NEW YORK (Standard & Poor's) July 6, 2011--Standard & Poor's Rating Services
said today it affirmed its 'B+' corporate credit rating on New York-based
Warner Music Group, and removed all ratings from CreditWatch, where they were
placed with negative implications on May 6, 2011. The outlook is stable.

At the same time, we assigned our 'BB-' issue-level rating (one notch higher
than the corporate credit rating) on WMG Acquisition Corp.'s $150 million 9.5%
senior secured notes. The recovery rating on the senior secured debt is '2',
indicating our expectation of substantial (70% to 90%) recovery for
noteholders in the event of a payment default. In addition, we assigned our
'B-' issue-level rating to WMG Acquisition Corp.'s proposed $695 million of
senior unsecured notes due 2018, with a recovery rating of '6', indicating our
expectation of negligible (0% to 10%) recovery for noteholders in the event of
a payment default.

We also assigned our 'B-' issue-level rating to WMG Holding Corp.'s proposed
$200 million of senior unsecured holdco notes due 2019, with a recovery rating
of '6', indicating our expectation of negligible (0% to 10%) recovery for
noteholders in the event of a payment default. (For the complete recovery
analysis, see Standard & Poor's recovery report on Warner Music to be
published on RatingsDirect following the release of this report.)


"The 'B+' corporate credit rating reflects continued uncertainty surrounding
revenue and profitability trends at WMG over the intermediate term, despite
the U.S. music industry showing stabilizing signs in the first half of 2011,"
said Standard & Poor's credit analyst Michael Altberg. "It also reflects our
expectation of continued high leverage following the proposed transaction."
Our characterization of the company's business risk profile as weak reflects
our expectation of continued declines in the recorded music business over the
intermediate term and slow growth in music publishing. We view the financial
risk profile as aggressive, based on the company's high debt to EBITDA and
lack of visibility regarding the pace of debt reduction given uncertain
industry trends, modestly offset by its strong liquidity.

WMG is the third-largest recorded music company, with a global market share of
14.9% in 2010, down from about 15.3% in 2009. Absent acquisitions, we believe
it will be difficult for WMG to materially increase its global market share
due to strong competition from Vivendi S.A.'s unit, Universal Music Group
(28.7% share) and Sony Corp.'s Sony Music Entertainment (23%). Warner/Chappell
is the third-largest music publisher, with a global market share of 13.9% in
2010.

 

[gionmorg]

Issue information:

• Issuer, issue number: Almana Group, 2016 (FRN)
• SPV: Almana Sukuk 2011 Limited
• Type of debt instrument: Eurobonds
• Kind of bond: Sukuk
• Type of bonds: Coupon bonds
• Issue status: outstanding
• Type of placement: public
• Par, minimum denomination: USD, 200 000
• Par, integral multiple: USD, 1 000
• Amount: 215 000 000
• ISIN RegS: XS0650740102
• Common Code RegS: 065074010
• End of placement: Jul 17 2011
• Coupon: 3M Libor+450bp
• Coupon frequency: 4 time(s) per year
• Floating rate: Yes
• Reference rate: 3m LIBOR
• Margin: 450%
• Settlement Date: Jul 28 2011
• Maturity date: Jul 28 2016
• Issue price: 100
• Issue Managers: Gulf International Bank
• Listing: London Stock Exchange
• Investment banks: Bookrunner:
Gulf International Bank

 

[gionmorg]

New bond issue: Buenos Aires (Province of) sold USD 250m tap to its 2015 bonds with 11.750% coupon

Buenos Aires (Province of, Argentina) on July 14, 2011 placed USD 250m tap to its bonds with a 11.750% coupon, maturing in 2015. The tap was priced at 102.854% to yield 10.875%. BofA Merrill Lynch, Deutsche Bank arranged the deal. The amount outstanding now totals USD 1050m.

Issuer, issue number: Buenos Aires, 2015-2
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 1 050 000 000
ISIN: XS0546539486
Start of placement: Sep 27 2010
End of placement: Jul 14 2011
Issue price: 99.08
Yield at Pricing: 12%
Coupon: 11.750%
Coupon frequency: 2 time(s) per year
Settlement Date: Oct 05 2010
Maturity date: Oct 05 2015
Issue Managers: BofA Merrill Lynch, Deutsche Bank
Trading floor: OTC Market
Outstanding issues:
3 issue(s) outstanding worth EUR 1 165 773 180
8 issue(s) outstanding worth USD 3 972 375 611

 

[gionmorg]

• Issuer, issue number: Korea Housing Finance Corporation, 2016 (CB)
• Type of debt instrument: Eurobonds
• Type of bonds: Coupon bonds
• Securitisation: Yes
• Secured debt: Yes
• Issue status: outstanding
• Type of placement: public
• Par, minimum denomination: USD, 250 000
• Par, integral multiple: USD, 1 000
• Amount: 500 000 000
• ISIN RegS: USY4841JAE65
• Common Code RegS: 064210041
• ISIN 144A: US50065RAB33
• Common Code 144A: 064210025
• Day Count Fraction: 30/360 US
• End of placement: Jul 18 2011
• Coupon: 3.50%
• Coupon frequency: 2 time(s) per year
• Settlement Date: Jul 25 2011
• Maturity date: Dec 15 2016
• Issue price: 99.43
• Issue Managers: BNP Paribas, Nomura, Standard Chartered
• Additional information: Covered bond; posponed after completeing a roadshow in June.
• Investment banks: Bookrunner(s):
BNP Paribas
Nomura International
Standard Chartered Bank

 

[mago gambamerlo]

New Issue di ieri = Capsugel Finance (B S&P / Caa1 Moodys) / euro / 8 anni / c.a 10 % / Callable after 3 years / 100 K + 1 k / 325 mln / peccato per il minimo se no' ciofeca semi padula.

 

[iguanito]

Ho letto che a breve sarà quotata in Italia una obbligazione RBS decennale che prevede una cedola trimestrale dell'8% fisso il primo anno e nei successivi sempre 8% se l'Euribor a 3 mesi rimarrà tra l'1,5% e il 4,5%, se invece l'Euribor andrà fuori dai parametri succitati niente cedola.
Certo che se l'euribor per i prossimi 10 anni restasse nel range non sarebbe davvero male!!!

 

[fabriziof]

Ho letto che a breve sarà quotata in Italia una obbligazione RBS decennale che prevede una cedola trimestrale dell'8% fisso il primo anno e nei successivi sempre 8% se l'Euribor a 3 mesi rimarrà tra l'1,5% e il 4,5%, se invece l'Euribor andrà fuori dai parametri succitati niente cedola.
Certo che se l'euribor per i prossimi 10 anni restasse nel range non sarebbe davvero male!!!

tra un po' le obbligazioni le andremo a comprare alla sala corse o sui siti di scommesse online

 

[gionmorg]

Ho letto che a breve sarà quotata in Italia una obbligazione RBS decennale che prevede una cedola trimestrale dell'8% fisso il primo anno e nei successivi sempre 8% se l'Euribor a 3 mesi rimarrà tra l'1,5% e il 4,5%, se invece l'Euribor andrà fuori dai parametri succitati niente cedola.
Certo che se l'euribor per i prossimi 10 anni restasse nel range non sarebbe davvero male!!!

Perché scommettono sulla discesa dell'euribor? Ovviamente diversamente non può essere, non stanno scommettendo sullo sforamento del 4.5, staranno hedgiando le reverse.
Eppure guardando il future sull'euribor fino al 2016 l'8 % sembra assicurato.