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Nuove_emissioni, collocamenti Nuove Emissioni (11 lettori)
- Creatore Discussione Giontra
- Data di Inizio
New bond issue: Turkey sells JPY 90000m in 2022 bonds with 1.470% coupon
Turkey on March 8, 2012 placed JPY 90000m in bonds with a 1.470% coupon, maturing in 2022. The bond was priced at 100%. Daiwa Securities, Nomura International, SMBC Nikko Securities arranged the deal.
inShare
Issuer, issue number: Turkey, 2022, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000000
Amount: 90 000 000 000
ISIN: JP579200ACF6
End of placement: Mar 08 2012
Issue price: 100
Yield at Pricing: 1.47%
Coupon: 1.470%
Coupon frequency: 2 time(s) per year
Settlement Date: Mar 15 2012
Maturity date: Mar 15 2022
Issue Managers: Daiwa Securities, Nomura International, SMBC Nikko Securities
Trading floor: OTC Market
Issuer profile:
Turkey is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace in the Balkan region of southeastern Europe.
Area – 783 562 sq.km (37th).
Population – 73,9 mln. (17th)
The capital is Ankara.
Official language – Turkish.
Local currency – Turkish lira (TRY).
Government – Parliamentary republic.
Turkey began full membership negotiations with the European Union in 2005, having been an associate member of the EEC since 1963, and having reached a customs union agreement in 1995.
Outstanding issues:
19 issue(s) outstanding worth USD 36 000 000 000
6 issue(s) outstanding worth EUR 7 500 000 000
2 issue(s) outstanding worth JPY 270 000 000 000
Issuer's rating:
Moody's Investors Service Ba2/Positive Int. Scale (foreign curr) 05.10.2010
Moody's Investors Service Ba2/Stable Int. Scale (loc. curr.) 25.10.2010
Standard & Poor's BB/Positive Int. Scale (foreign curr.) 19.02.2010
Fitch Ratings BB+/Stable Int. Scale (foreign curr.) 23.11.2011
Fitch Ratings BB+/Stable Int.l Scale (local curr.) 23.11.2011
Turkey on March 8, 2012 placed JPY 90000m in bonds with a 1.470% coupon, maturing in 2022. The bond was priced at 100%. Daiwa Securities, Nomura International, SMBC Nikko Securities arranged the deal.
inShare
Issuer, issue number: Turkey, 2022, JPY
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: JPY, 100000000
Amount: 90 000 000 000
ISIN: JP579200ACF6
End of placement: Mar 08 2012
Issue price: 100
Yield at Pricing: 1.47%
Coupon: 1.470%
Coupon frequency: 2 time(s) per year
Settlement Date: Mar 15 2012
Maturity date: Mar 15 2022
Issue Managers: Daiwa Securities, Nomura International, SMBC Nikko Securities
Trading floor: OTC Market
Issuer profile:
Turkey is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace in the Balkan region of southeastern Europe.
Area – 783 562 sq.km (37th).
Population – 73,9 mln. (17th)
The capital is Ankara.
Official language – Turkish.
Local currency – Turkish lira (TRY).
Government – Parliamentary republic.
Turkey began full membership negotiations with the European Union in 2005, having been an associate member of the EEC since 1963, and having reached a customs union agreement in 1995.
Outstanding issues:
19 issue(s) outstanding worth USD 36 000 000 000
6 issue(s) outstanding worth EUR 7 500 000 000
2 issue(s) outstanding worth JPY 270 000 000 000
Issuer's rating:
Moody's Investors Service Ba2/Positive Int. Scale (foreign curr) 05.10.2010
Moody's Investors Service Ba2/Stable Int. Scale (loc. curr.) 25.10.2010
Standard & Poor's BB/Positive Int. Scale (foreign curr.) 19.02.2010
Fitch Ratings BB+/Stable Int. Scale (foreign curr.) 23.11.2011
Fitch Ratings BB+/Stable Int.l Scale (local curr.) 23.11.2011
Mitec Automotive AG: Subscription period 19.03.-28.03.
Coupon 7.75%, segment Bondm
The subscription period for the corporate bond of Mitec Automotive AG will run from 19.03-28.03.2012, the bond has a volume of up to 50 million €. The company offers a coupon of 7.75%. Founded in 1991 in Eisenach Mitec Automotive AG claims to be one of the world's leading companies in the automotive propulsion technology. Its primary activity is the reduction of noise and vibrations as well as the increase in efficiency within the powertrain. The products of Mitec serve the important future trends in the automotive industry, such as downsizing, hybridization, fuel consumption and CO 2 emissions. In Germany, the Mitec Automotive AG 774 employees (as of 31/12/2010). At the end of 2010, the company had total assets of more than 123 million euros and a net profit of 5.72 million euros on a turnover of around € 137 million. of the transaction:
Issuer : Mitec Automotive AG
emission volume: up to 50,000 € 000
Coupon : 7.75%
ISIN : DE000A1K0NJ5
Offer Period : 19.03.-03.28.2012
Running time : 29th March 2017
Stock Exchange listing : Bondm, Stuttgart stock exchange
interest payments : each year, commencing on 30 March
Coupon 7.75%, segment Bondm
The subscription period for the corporate bond of Mitec Automotive AG will run from 19.03-28.03.2012, the bond has a volume of up to 50 million €. The company offers a coupon of 7.75%. Founded in 1991 in Eisenach Mitec Automotive AG claims to be one of the world's leading companies in the automotive propulsion technology. Its primary activity is the reduction of noise and vibrations as well as the increase in efficiency within the powertrain. The products of Mitec serve the important future trends in the automotive industry, such as downsizing, hybridization, fuel consumption and CO 2 emissions. In Germany, the Mitec Automotive AG 774 employees (as of 31/12/2010). At the end of 2010, the company had total assets of more than 123 million euros and a net profit of 5.72 million euros on a turnover of around € 137 million. of the transaction:
Issuer : Mitec Automotive AG
emission volume: up to 50,000 € 000
Coupon : 7.75%
ISIN : DE000A1K0NJ5
Offer Period : 19.03.-03.28.2012
Running time : 29th March 2017
Stock Exchange listing : Bondm, Stuttgart stock exchange
interest payments : each year, commencing on 30 March
New bond issue: Salta Province sells USD 185m in 2022 bonds with 9.50% coupon
Salta Province (Argentina) on March 9, 2012 placed USD 185m in hydrocarbon royalty-backed bonds with a 9.50% coupon, maturing in 2022. The bond was priced at 100%. Citigroup, Banco Macro arranged the deal.
inShare
Issuer, issue number: Salta Province, 2022
Type of debt instrument: Eurobonds
Redemption type: Amortized
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 150000
Amount: 185 000 000
ISIN: USP8388TAA27
End of placement: Mar 09 2012
Issue price: 100
Yield at Pricing: 9.5%
Coupon: 9.50%
Coupon frequency: 4 time(s) per year
Settlement Date: Mar 16 2012
Maturity date: Sep 16 2022
Issue Managers: Citigroup, Banco Macro
Issuer profile:
Salta is a province of Argentina, located in the northwest of the country.
Outstanding issues:
2 issue(s) outstanding worth USD 419 000 000
Salta Province (Argentina) on March 9, 2012 placed USD 185m in hydrocarbon royalty-backed bonds with a 9.50% coupon, maturing in 2022. The bond was priced at 100%. Citigroup, Banco Macro arranged the deal.
inShare
Issuer, issue number: Salta Province, 2022
Type of debt instrument: Eurobonds
Redemption type: Amortized
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 150000
Amount: 185 000 000
ISIN: USP8388TAA27
End of placement: Mar 09 2012
Issue price: 100
Yield at Pricing: 9.5%
Coupon: 9.50%
Coupon frequency: 4 time(s) per year
Settlement Date: Mar 16 2012
Maturity date: Sep 16 2022
Issue Managers: Citigroup, Banco Macro
Issuer profile:
Salta is a province of Argentina, located in the northwest of the country.
Outstanding issues:
2 issue(s) outstanding worth USD 419 000 000
New bond issue: Czech Export Bank sells EUR 250m in 2019 bonds with 3.625% coupon
Czech Export Bank (Czech Republic) on March 8, 2012 placed EUR 250m in bonds with a 3.625% coupon, maturing in 2019. The bond was priced at 99.5020%. Barclays Capital, Goldman Sachs arranged the deal.
inShare
Issuer, issue number: Czech Export Bank, 2019, EUR
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: EUR, 100000
Amount: 250 000 000
ISIN: XS0757372114
End of placement: Mar 08 2012
Issue price: 99.502
Coupon: 3.625%
Coupon frequency: 1 time(s) per year
Settlement Date: Mar 15 2012
Maturity date: Mar 15 2019
Issue Managers: Barclays Capital, Goldman Sachs
Issuer profile:
Czech Export Bank (hereinafter only “CEB”) is a specialised banking institution, directly and indirectly state-owned, for the state support of exports. It was set up in 1995 and is one of the pillars of the government’s pro-export policy system. The CEB mission is to provide state support for exports through the provision and financing of export credits and other services connected with exporting. CEB thus supplements the services offered by the domestic banking system by financing export operations that require long-term financing at interest rates and in volumes that are not available to exporters on the banking market under the current domestic conditions. This allows Czech exporters to compete on international markets under conditions comparable to those enjoyed by their main foreign competitors. The recipient of supported financing may be an exporter (i.e. a legal entity with registered offices in the Czech Republic, or in exceptional cases a natural person with permanent residency in the Czech Republic), or their foreign customer. A manufacturer producing for export or a Czech subject investing abroad may also receive some types of credits. The exporter's domestic bank or the importer’s foreign bank may also be involved in these transactions. All CEB activities are fully compliant with World Trade Organization (WTO) rules, the applicable recommendations of the Organisation for Economic Co-operation and Development (OECD) and European Union directives.
Outstanding issues:
17 issue(s) outstanding worth EUR 1 760 000 000
6 issue(s) outstanding worth USD 460 000 000
2 issue(s) outstanding worth CZK 7 350 000 000
Czech Export Bank (Czech Republic) on March 8, 2012 placed EUR 250m in bonds with a 3.625% coupon, maturing in 2019. The bond was priced at 99.5020%. Barclays Capital, Goldman Sachs arranged the deal.
inShare
Issuer, issue number: Czech Export Bank, 2019, EUR
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: EUR, 100000
Amount: 250 000 000
ISIN: XS0757372114
End of placement: Mar 08 2012
Issue price: 99.502
Coupon: 3.625%
Coupon frequency: 1 time(s) per year
Settlement Date: Mar 15 2012
Maturity date: Mar 15 2019
Issue Managers: Barclays Capital, Goldman Sachs
Issuer profile:
Czech Export Bank (hereinafter only “CEB”) is a specialised banking institution, directly and indirectly state-owned, for the state support of exports. It was set up in 1995 and is one of the pillars of the government’s pro-export policy system. The CEB mission is to provide state support for exports through the provision and financing of export credits and other services connected with exporting. CEB thus supplements the services offered by the domestic banking system by financing export operations that require long-term financing at interest rates and in volumes that are not available to exporters on the banking market under the current domestic conditions. This allows Czech exporters to compete on international markets under conditions comparable to those enjoyed by their main foreign competitors. The recipient of supported financing may be an exporter (i.e. a legal entity with registered offices in the Czech Republic, or in exceptional cases a natural person with permanent residency in the Czech Republic), or their foreign customer. A manufacturer producing for export or a Czech subject investing abroad may also receive some types of credits. The exporter's domestic bank or the importer’s foreign bank may also be involved in these transactions. All CEB activities are fully compliant with World Trade Organization (WTO) rules, the applicable recommendations of the Organisation for Economic Co-operation and Development (OECD) and European Union directives.
Outstanding issues:
17 issue(s) outstanding worth EUR 1 760 000 000
6 issue(s) outstanding worth USD 460 000 000
2 issue(s) outstanding worth CZK 7 350 000 000
New bond issue: Atlas sells USD 300m in 2017 bonds with 6.50% coupon
Atlas (Philippines) on March 12, 2012 placed USD 300m in bonds with a 6.50% coupon, maturing in 2017.The deal was done via SPV Carmen Copper. The bond was priced at 98.95% to yield 6.75%. Banco de Oro Unibanco, Credit Suisse arranged the deal.
inShare
Issuer, issue number: Atlas, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 1000
Amount: 300 000 000
ISIN: USY11237AA54
End of placement: Mar 12 2012
Issue price: 98.95
Yield at Pricing: 6.75%
Coupon: 6.50%
Coupon frequency: 2 time(s) per year
Settlement Date: Mar 16 2012
Maturity date: Mar 21 2017
Issue Managers: Banco de Oro Unibanco, Credit Suisse
Issuer profile:
A major restructuring of the Company's assets was undertaken in years 2004 and 2005 with the creation of three special purpose subsidiaries to develop the Toledo Copper Complex, Berong Nickel Project and the Toledo-Cebu Bulk Water and Reservoir Project. As a result, Carmen Copper Corporation (CCC), Berong Nickel Corporation (BNC) and AquAtlas Inc. (AI) were incorporated and, subsequently, were positioned to attract project financing as well as specialist management and operating expertise. In addition, Atlas incorporated a 100%-owned subsidiary, Atlas Exploration Inc. (AEI), to host, explore and develop copper, gold, nickel and other mineral exploration properties. AEI will also explore for other metalliferous and industrial minerals to increase and diversify the mineral holdings and portfolio of Atlas. Today, Carmen Copper Corporation is 54.46% owned by Atlas and has been successfully rehabilitated to become the country's largest copper exporter.
Outstanding issues:
1 issue(s) outstanding worth USD 300 000 000
Atlas (Philippines) on March 12, 2012 placed USD 300m in bonds with a 6.50% coupon, maturing in 2017.The deal was done via SPV Carmen Copper. The bond was priced at 98.95% to yield 6.75%. Banco de Oro Unibanco, Credit Suisse arranged the deal.
inShare
Issuer, issue number: Atlas, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 1000
Amount: 300 000 000
ISIN: USY11237AA54
End of placement: Mar 12 2012
Issue price: 98.95
Yield at Pricing: 6.75%
Coupon: 6.50%
Coupon frequency: 2 time(s) per year
Settlement Date: Mar 16 2012
Maturity date: Mar 21 2017
Issue Managers: Banco de Oro Unibanco, Credit Suisse
Issuer profile:
A major restructuring of the Company's assets was undertaken in years 2004 and 2005 with the creation of three special purpose subsidiaries to develop the Toledo Copper Complex, Berong Nickel Project and the Toledo-Cebu Bulk Water and Reservoir Project. As a result, Carmen Copper Corporation (CCC), Berong Nickel Corporation (BNC) and AquAtlas Inc. (AI) were incorporated and, subsequently, were positioned to attract project financing as well as specialist management and operating expertise. In addition, Atlas incorporated a 100%-owned subsidiary, Atlas Exploration Inc. (AEI), to host, explore and develop copper, gold, nickel and other mineral exploration properties. AEI will also explore for other metalliferous and industrial minerals to increase and diversify the mineral holdings and portfolio of Atlas. Today, Carmen Copper Corporation is 54.46% owned by Atlas and has been successfully rehabilitated to become the country's largest copper exporter.
Outstanding issues:
1 issue(s) outstanding worth USD 300 000 000
S&P: Argentina's Province Of Salta Secured Amortizing Notes Assigned Preliminary 'B' Rating
OVERVIEW
•The Province of Salta's (Salta's) note issuance is an Argentine future flow transaction backed by Salta's right to receive 80% of the hydrocarbon royalties due to it under all dedicated concessions. The secured amortizing notes are Salta's direct, general, unconditional, and unsubordinated obligations and will be secured by the underlying collateral (the oil and gas royalties).
•We assigned our preliminary 'B' rating to the notes.
•The preliminary 'B' rating reflects the transaction's solid credit enhancement, the underlying collateral pool's high quality and strength, and Salta's sound fiscal performance, among other factors.
BUENOS AIRES (Standard & Poor's) March 6, 2012--Standard & Poor's Ratings Services today assigned its preliminary 'B' rating to Argentina's Province of Salta’s (Salta's) up to US$220 million notes due 2022. The notes are collateralized by Salta's right to receive 80% of the hydrocarbon royalties due to it under all dedicated concessions.
This is Salta's second structured transaction secured by oil and gas royalties. The first issuance, Salta Hydrocarbon Royalty Trust, was issued in March 2001; its performance has been strong, even during the Argentine sovereign crisis in 2001-2002. The new issuance will be subordinated to the payment of all amounts due under Salta Hydrocarbon Royalty Trust, which is expected to be cancelled on Dec. 28, 2012.
The secured amortizing notes are Salta's direct, general, unconditional, and unsubordinated obligations and will be secured by the underlying collateral.
The notes will pay a quarterly fixed interest rate to be determined at closing. Interest payments will begin in June 2012 and principal payments will start in December 2013. The final legal maturity will be on March 2022.
The amortizing notes are secured by certain gas and oil royalties that different oil and gas producers pay to Salta. These royalties represent 12% of the oil and gas production value at the wellhead of the dedicated concessionaires in the following areas: Acambuco, Agua Blanca, Aguarag?e, El Vinalar, Palmar Largo, Puesto Guardi?n, Ramos, San Antonio Sur, and Valle Morado. As of Dec. 31, 2011, the dedicated areas accounted for all of Salta's oil and gas production.
The preliminary rating is based on the transaction's characteristics, including:
•The solid credit enhancement protection that includes overcollateralization and a debt service reserve account equal to the next scheduled debt service payment. In addition, extraordinary and trigger event prepayment accounts will exist to cover any liquidity shortfall in case of a prepayment.
•The pool of highly rated private oil producers/concessionaries that support the underlying assets. These entities, which currently pay royalties to Salta, will pay directly to the Argentine onshore trust for the secured amortizing noteholders' benefit. Consequently, the main repayment source for this transaction depends on the evolution and performance of the royalties or the gas and oil production, not on Salta's willingness or capability to pay debt.
•The strength of the underlying collateral (the gas and oil royalties), which will be paid directly to an onshore Argentine trust and held at Banco Macro S.A.
•Salta's sound fiscal performance and financial flexibility. That said, Salta remains materially influenced by the central government's policies because it depends significantly on federal transfers (federal transfers equal 65% of Salta's total revenue).
•The weak business risk profile of Salta's hydrocarbon industry, which reflects a challenging institutional and regulatory environment and its inability to successfully replace its reserves over the past few years mainly due to the decrease in oil and gas companies' investments in the industry. Salta's royalty generation depends on both the production and price of the hydrocarbons it produces, especially natural gas. Even though Salta's production is lower than our original estimates as a result of the aforementioned decrease in investments, crude oil prices are considerably higher (despite export duties) and natural gas prices, which dropped in 2002, are slowly and slightly recovering. These higher prices have partially offset the impact of lower production.
Ekosem Agriculture Ltd. - 13.768 million euros on the Stuttgart Stock Exchange placed on the first day
Yesterday, on the first day of the subscription period, were placed on the Stuttgart Stock Exchange Zeichnungsbox bonds with a volume of 13.768 million euros. In parallel, the institutional placement of equinet. Expected to be 21.03. (Subject to early closure) may be ordered, the corporate bond Ekosem agricultural GmbH. The Company provides for a five-year term with a coupon of 8.750%.
Issuer: Ekosem Agriculture (By credit rating agency reform)
Issue volume: up to 50 million €
Denomination: EUR 1,000
Segment: Bondm, Stuttgart Stock Exchange
Bookrunner: equinet
Early Redemption: 23/03/2015 to the 23/03/2016 at 102.5% or 102% possible to covenants: change of control (103%), negative declaration, profit distribution over the entire term of the bond
ISIN / WKN: DE000A1MLSJ1 / A1MLSJ
Internet: Ekosem Agrar - EKOSEM AGRAR - Moderne Landwirtschaft in neuer Dimension
Yesterday, on the first day of the subscription period, were placed on the Stuttgart Stock Exchange Zeichnungsbox bonds with a volume of 13.768 million euros. In parallel, the institutional placement of equinet. Expected to be 21.03. (Subject to early closure) may be ordered, the corporate bond Ekosem agricultural GmbH. The Company provides for a five-year term with a coupon of 8.750%.
Issuer: Ekosem Agriculture (By credit rating agency reform)
Issue volume: up to 50 million €
Denomination: EUR 1,000
Segment: Bondm, Stuttgart Stock Exchange
Bookrunner: equinet
Early Redemption: 23/03/2015 to the 23/03/2016 at 102.5% or 102% possible to covenants: change of control (103%), negative declaration, profit distribution over the entire term of the bond
ISIN / WKN: DE000A1MLSJ1 / A1MLSJ
Internet: Ekosem Agrar - EKOSEM AGRAR - Moderne Landwirtschaft in neuer Dimension
Singulus bond - when-issued trading is expected from tomorrow
After Singulus Technologies AG due to popular demand, the subscription period for its corporate bond (ISIN DE000A1MASJ4) was close early on the first day is expected from the 14.03. the when-issued trading recorded. Issue and value date is the 23 March 2012.
After Singulus Technologies AG due to popular demand, the subscription period for its corporate bond (ISIN DE000A1MASJ4) was close early on the first day is expected from the 14.03. the when-issued trading recorded. Issue and value date is the 23 March 2012.