Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 4 bis (4 lettori)
- Creatore Discussione fedro10
- Data di Inizio
russiabond
Il mito, la leggenda.
russiabond
Il mito, la leggenda.
russiabond
Il mito, la leggenda.
marc
Forumer storico
Taglio 200 mila?
russiabond
Il mito, la leggenda.
Fabrib
Forumer storico
Swedish real estate group SBB said on Sunday it would buy back debt at a discount of 60% compared with the debt's original value, in an attempt to calm investors' nerves as it scrambles to tackle a multi-billion debt pile.
The property group said it would pay 162.7 million euros ($176 million) to buy back 407.7 million euros' worth of debt.
The buyback will trim the struggling property company's debts, which amounted to some 62 billion Swedish crowns ($5.9 billion) at the end of last year.
High debt levels, interest rate hikes and a wilting economy have hit many European property companies, with the sector in Sweden among the worst affected.
"It was an extremely large discount... SBB appears to be making a profit of around SEK 2.8 billion on the buyback. This compares with a market capitalisation of SEK 6.3 billion for SBB," said Carlsquare analyst Bertil Nilsson.
"SBB's share price should rise as a result, but I won't believe it until I see it."
SBB last week offered to buy back more of its debt, seeking to reassure investors about its finances amid a property market downturn.
SBB said on Sunday it would buy back hybrid bonds and senior securities maturing between 2025 and 2029.
"Debt needs to be repurchased, which can occur at a faster pace when bonds are repurchased below par value. The voluntary tender generates equity and provides better conditions for successfully developing the business.
The property group said it would pay 162.7 million euros ($176 million) to buy back 407.7 million euros' worth of debt.
The buyback will trim the struggling property company's debts, which amounted to some 62 billion Swedish crowns ($5.9 billion) at the end of last year.
High debt levels, interest rate hikes and a wilting economy have hit many European property companies, with the sector in Sweden among the worst affected.
"It was an extremely large discount... SBB appears to be making a profit of around SEK 2.8 billion on the buyback. This compares with a market capitalisation of SEK 6.3 billion for SBB," said Carlsquare analyst Bertil Nilsson.
"SBB's share price should rise as a result, but I won't believe it until I see it."
SBB last week offered to buy back more of its debt, seeking to reassure investors about its finances amid a property market downturn.
SBB said on Sunday it would buy back hybrid bonds and senior securities maturing between 2025 and 2029.
"Debt needs to be repurchased, which can occur at a faster pace when bonds are repurchased below par value. The voluntary tender generates equity and provides better conditions for successfully developing the business.
fabriziof
Forumer storico
Questa proprio non decolla
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