azetaelle
investitore(s)qualificato
si, è vero, però fuori mercato si trova comunque quasi tutto...
Obbligazioni societarie Obbligazioni HeidelbergCement AG
- Creatore Discussione Imark
- Data di Inizio
Kylix
Forumer attivo
Puoi dirmi che banca ti consente l'acquisto. Se parliamo di Italia, ovviamente.
azetaelle
investitore(s)qualificato
DB (perlomeno la divisione Private Wealth)
Imark
Forumer storico
Hanno preso un ulteriore upgrade da almeno un'agenzia perché stanno facendo una tale scorta di liquidità da ridurre sensibilmente il rischio rifinanziamento sulle scadenze del 2011... in pratica il solito gioco di ripagare le banche con i soldi dei bondholder ...
....
Ecco il commento alla rating action, per Dino P che era interessato ...
Dupondius
Forumer storico
Con o senza gestione patrimoniale personalizzata? Tempo addietro li sentii telefonicamente per l'acquisto di nuove emissioni, ma mi avrebbero accontentato soltanto nell'ambito di una gestione
.Imark
Forumer storico
E Fitch fa il punto sulla copertura anticipata delle scadenza debitorie senior secured del 2011 in occasione dell'emissione del nuovo bond 8(oldi da restituire alle banche anche qui) ... erano 6,5 mld euro, ora sono circa 2,3 mld di euro grazie a 2,25 mld euro di nuovo capitale azionario e di emissione di bond per 2,5 mld mld euro...
Ovviamente il rischio rifinanziamento nel breve termine si va attenuando ulteriormente...
Fitch Assigns HeidelbergCement's Benchmark Notes Expected 'BB-' Rating
12 Jan 2010 6:13 AM (EST)
Fitch Ratings-London/Milan/Frankfurt-12 January 2010: Fitch Ratings has today assigned HeidelbergCement AG's (HC) proposed benchmark notes an expected senior unsecured rating of 'BB-'. The expected rating is in line with HC's Long-term Issuer Default Rating (IDR) of 'BB-'. The notes are proposed to be divided into two tranches, each of a minimum of EUR500m, with maturities in August 2015 and April 2020.
The notes' final rating is contingent upon receipt of final documents conforming to information already received. HC's Short-term IDR is 'B'. The Outlook on the Long-term IDR is Positive.
The proceeds of the notes will be used for refinancing existing secured debt. The agency has a positive view on this refinancing effort which will allow HC to further reduce the December 2011 secured syndicated facility.
The facility has been reduced to just over EUR2.3bn from about EUR6.5bn following the October 2009 EUR2.5bn notes issuance and the September 2009 EUR2.25bn new equity.
Fitch upgraded HC's Long-term IDR to 'BB-' from 'B' on 21 October 2009 and assigned a Positive Outlook to the Long-term IDR. The upgrade reflected a material reduction in the company's refinancing risk.
At that time, the Positive Outlook reflected Fitch's expectations that HC would progressively improve its credit metrics, including net leverage, over the following 24 months.
This would be driven by moderate free cash flow generation, as a result of continued cost reduction measures and containment of capex. (For further information, please see the 21 October 2009 comment, entitled 'Fitch Upgrades HeidelbergCement's IDR to 'BB-'; off RWP; Outlook Positive ', which is available on the agency's website at FitchResearch.)
Ovviamente il rischio rifinanziamento nel breve termine si va attenuando ulteriormente...
Fitch Assigns HeidelbergCement's Benchmark Notes Expected 'BB-' Rating
12 Jan 2010 6:13 AM (EST)
Fitch Ratings-London/Milan/Frankfurt-12 January 2010: Fitch Ratings has today assigned HeidelbergCement AG's (HC) proposed benchmark notes an expected senior unsecured rating of 'BB-'. The expected rating is in line with HC's Long-term Issuer Default Rating (IDR) of 'BB-'. The notes are proposed to be divided into two tranches, each of a minimum of EUR500m, with maturities in August 2015 and April 2020.
The notes' final rating is contingent upon receipt of final documents conforming to information already received. HC's Short-term IDR is 'B'. The Outlook on the Long-term IDR is Positive.
The proceeds of the notes will be used for refinancing existing secured debt. The agency has a positive view on this refinancing effort which will allow HC to further reduce the December 2011 secured syndicated facility.
The facility has been reduced to just over EUR2.3bn from about EUR6.5bn following the October 2009 EUR2.5bn notes issuance and the September 2009 EUR2.25bn new equity.
Fitch upgraded HC's Long-term IDR to 'BB-' from 'B' on 21 October 2009 and assigned a Positive Outlook to the Long-term IDR. The upgrade reflected a material reduction in the company's refinancing risk.
At that time, the Positive Outlook reflected Fitch's expectations that HC would progressively improve its credit metrics, including net leverage, over the following 24 months.
This would be driven by moderate free cash flow generation, as a result of continued cost reduction measures and containment of capex. (For further information, please see the 21 October 2009 comment, entitled 'Fitch Upgrades HeidelbergCement's IDR to 'BB-'; off RWP; Outlook Positive ', which is available on the agency's website at FitchResearch.)
DinoP
life is good
Ecco il commento alla rating action, per Dino P che era interessato ...
gentilissimo mark.
grazie
DinoP
life is good
Con o senza gestione patrimoniale personalizzata? Tempo addietro li sentii telefonicamente per l'acquisto di nuove emissioni, ma mi avrebbero accontentato soltanto nell'ambito di una gestione
ciao,
eh si, paghi fior di commissioni di gestione e puoi accedere alla n.emissioni.... ma per favore!!
azetaelle
investitore(s)qualificato
no, non ho gestioni personalizzate...o perlomeno, sono io il gestore di me stessoCon o senza gestione patrimoniale personalizzata? Tempo addietro li sentii telefonicamente per l'acquisto di nuove emissioni, ma mi avrebbero accontentato soltanto nell'ambito di una gestione
. Però le condizioni sono legate non a un singolo c/c ma a più c/c relativi allo stesso nucleo famigliare...
Dupondius
Forumer storico
Grazieno, non ho gestioni personalizzate...o perlomeno, sono io il gestore di me stesso
Se mi vogliono, mi contatteranno loro