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cimarron 06/11/13 12:14
Ha respondido al tema MAGYAR TELECOM 9,50% vto. 15/12/16 call 15/12/12 a 109.50% ISIN: XS0473176658
Sacaron la cotización de bolsa? Me perdí algo?
cimarron 04/11/13 17:10
Ha respondido al tema MAGYAR TELECOM 9,50% vto. 15/12/16 call 15/12/12 a 109.50% ISIN: XS0473176658
No me llegó, podría publicar el enlace. gracias
cimarron 25/10/13 17:26
Ha respondido al tema MAGYAR TELECOM 9,50% vto. 15/12/16 call 15/12/12 a 109.50% ISIN: XS0473176658
Traducción Google Magyar Telecom BV Anuncia ONU Plan de Llegar audiencia con respecto un su propuesta de Plan de Acuerdo (el " Acuerdo ") Bajo la Ley de Sociedades 2006 10/25/2013 | 11:10 am EE.UU. / Oriente Recomendar : 0 Magyar Telecom BV (la " Compañía ") sí complace en anunciar Que Una audiencia de Direcciones (las " INSTRUCCIONES Audiencia ") en Relación con el plan en sí llevará a cabo los antes de Que el juez Arnold a las 14:00 del lunes 28 de octubre 2013 , es la Corte de 6 de La Tribunal Superior de Justicia de Inglaterra Gales Ÿ es 7 Edificios Rolls , Fetter Lane, Londres EC4A 1NL , Reino Unido . La Empresa buscará Una Orden de Me otorga ciertas Direcciones en Relación con el plan , incluyendo el Permiso párr convocar Una Reunion ( el " Esquema de la reunión" ) de Sus Acreedores con el fin de EXAMINAR y, si cree conveniente, sí aprueba el Plan de . Los Acreedores Tienen El Derecho de Asistir a las INSTRUCCIONES de Audición en persona oa Través de la ONU abogado y presentar alegaciones en la audiencia de las Aplicaciones Relevantes Para La Orden de convocar la Reunión Esquema . El plan en sí refiere a la propuesta de Reestructuración Financiera de la Compañía basado en el Acuerdo de Reestructuración de 15 de julio de 2013 (el " Acuerdo de Reestructuración ") , Conforme al Cual de Los tenedores de mas del 70 % de las Notas alto garantizadas de la Compañía con VENCIMIENTO en 2016 han del Puesto de Acuerdo párrafo apoyar la Reestructuración a Través del Régimen o, en do Defecto , una Solicitud de Cambio . La Carta de Declaracion de Prácticas en Relación con el Plan de sí encuentra available in www.lucid-is.com/invitel , y Toda la Documentación Relacionada sí publicarán el Mismo .
cimarron 25/10/13 17:23
Ha respondido al tema MAGYAR TELECOM 9,50% vto. 15/12/16 call 15/12/12 a 109.50% ISIN: XS0473176658
Magyar Telecom B.V. Announces a Scheme Directions Hearing Regarding Its Proposed Scheme of Arrangement (the "Scheme") under the Companies Act 2006 10/25/2013 | 11:10am US/Eastern Recommend: 0 Magyar Telecom B.V. (the "Company") is pleased to announce that a directions hearing (the "Directions Hearing") in relation to the Scheme will take place before Mr. Justice Arnold at 2pm on Monday 28 October 2013, in Court 6 at the High Court of Justice of England and Wales at 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom. The Company will seek an order granting it certain directions in relation to the Scheme, including permission to convene a meeting (the "Scheme Meeting") of its creditors for the purpose of considering and, if thought fit, approving the Scheme. Creditors have the right to attend the Directions Hearing in person or through counsel and make representations at the hearing of the relevant applications for orders to convene the Scheme Meeting. The Scheme relates to the proposed financial restructuring of the Company based on the restructuring agreement dated 15 July 2013 (the "Restructuring Agreement"), pursuant to which holders of more than 70% of the Company's Senior Secured Notes due 2016 have agreed to support the restructuring via the Scheme or, alternatively, an exchange solicitation. The Practice Statement Letter in respect of the Scheme is available at www.lucid-is.com/invitel, and all related documentation will be posted thereon. About Magyar Telecom B.V. Magyar Telecom B.V. is a private company with limited liability incorporated in the Netherlands and registered at the Chamber of Commerce (Kamer van Koophandel) for Amsterdam with number 33286951 and registered as an overseas company at Companies House in the UK with UK establishment number BR016577 and its address at 6 St Andrew Street, London EC4A 3AE, United Kingdom (Telephone: +44 207 832 8936, Fax: +44 207 832 8950). Contact Details
cimarron 22/10/13 19:15
Ha respondido al tema Bonos Senior Codere XS0222158767
Lo de Magyar es tan estraño. A mi broker no le mandaron la solicitud de reestructura, al contactarme con Lucid me dicen que ya está hecho y no necesitan mas adhesiones, lo tengo por escrito. Esto de Codere es otra cosa, los pagos se realizaron, con que dinero y compromisos no lo se, lo seguro es que el mercado está descontando una reestructura, el precio y ratio lo confirma
cimarron 22/10/13 18:04
Ha respondido al tema Bonos Senior Codere XS0222158767
Habrá, perdon.
cimarron 22/10/13 18:02
Ha respondido al tema Bonos Senior Codere XS0222158767
Solfram, hace referencia a que se reestructura la deuda senior. Los fondos de inversión lo posieron como condición de prestamos. Lo de los seguros(CDS) no importa, nunca compré swaps. ¿abrá quitas? ¿de cuanto? Con la de Magyar no salimos tan mal, esta veremos. Saludos
cimarron 22/10/13 17:22
Ha respondido al tema Bonos Senior Codere XS0222158767
Logo_post_b Print Back to story Blackstone Unit Wins in No-Lose Codere Trade: Corporate Finance By Stephanie Ruhle, Mary Childs, and Julie Miecamp - Oct 22, 2013 GSO Capital Partners LP provided a loan to Spanish gaming operator Codere SA (CDR) in June with terms that gave it a guaranteed return on credit-default swaps, outmaneuvering sellers of the protection. The unit of Blackstone Group LP (BX) structured the loan in a way that would lead to a payout on swaps it held, according to three people with knowledge of the situation who asked not to be identified because the discussions were private. The contracts were triggered on Sept. 18 after Codere delayed an interest payment by two days to comply with the loan terms. GSO held 25 million to 30 million euros of the swaps, meaning it may have made at least 11.4 million euros ($15.6 million), according to one of the people and data compiled by Bloomberg. The trade shines a light on the opaque world of credit-default swaps, where the interests of lenders and debt traders aren’t always aligned and those in a position of influence have the ability to affect whether the contracts get triggered. “If you’re going to trade CDS, you’ve got to be fully aware,” Peter Tchir, founder of New York-based hedge-fund adviser TF Market Advisors, said in a telephone interview. “The only losers are the guys who seemed to play the CDS market incorrectly or didn’t see this as a potential outcome.” Betting Parlors Andrew Dowler, a spokesman for New York-based Blackstone, declined to comment for GSO. Italo Durazzo, a Madrid-based spokesman for Codere, declined to comment on GSO’s trade and the restructuring talks. Codere, which operates betting parlors and race tracks from Italy to Argentina, is attempting to restructure about 1 billion euros of debt after posting losses for six straight quarters, reflecting in part smoking bans in Latin American gaming halls. The company is 51 percent-owned by Masampe Holding BV, a company controlled by members of the founding Martinez Sampedro family, according to a statement on its website citing December 2012 data. The remainder of the shares are listed on the Madrid stock exchange and about 18 percent are owned by the Martinez Sampedro family, board members and management. Bonds, Swaps GSO, the New York-based credit investing unit of Blackstone, the world’s largest private-equity firm, bought Codere’s bonds and credit-default swaps in the first half of this year, hoping to profit from differences in pricing of the instruments in what’s known as a basis trade, according to a person familiar with the transactions. The swaps GSO held were weighted toward those expiring within the year, the person said. GSO and Canyon Partners LLC then took over what the company said at the time was a 100 million euro revolving loan from banks including Barclays Plc and Credit Suisse Group AG, extending the maturity for six months, Chief Financial Officer Angel Corzo Uceda said during an Aug. 30 conference call to discuss first-half earnings with analysts and investors. A condition was attached to the debt stipulating that it would be repaid should Codere make an Aug. 15 interest payment on its $300 million of 9.25 percent bonds due in February 2019, according to a June 13 statement on the company’s website. GSO and Canyon lent the company an additional 35 million euros in September. Late Payment The company’s willingness to pay the coupon late helped ease restructuring negotiations as many bondholders also held credit-default swaps and would benefit from a missed payment, the person said. Codere made the August payment two days after a 30-day grace period, and the International Swaps & Derivatives Association ruled that there was a failure-to-pay credit event, resulting in a $197 million payment to holders of the swaps. Based on a value of 54.5 cents on the dollar for the bonds set at an Oct. 9 auction administered by Markit Group Ltd. and Creditex Group Inc. to determine the swaps payout, GSO would have made from 11.4 million euros to as much as 13.7 million. With the issue of triggering the swaps resolved, the company and lenders could focus on restructuring the debt. Default swaps were blamed by the Financial Crisis Inquiry Commission for contributing to the worst credit meltdown since the Great Depression, and regulators have sought to push the contracts from privately negotiated transactions off exchanges to more transparent systems. “As a lender, the idea is to help somebody make payments on their debt,” said Bonnie Baha, the head of global developed credit at Los Angeles-based DoubleLine Capital LP, which manages about $53 billion. “It’s generally not to pay them not to make payments on their debt so that you can benefit via a derivative instrument.” Restructuring Talks Codere’s 9.25 percent bonds traded Aug. 14 at 55 cents on the dollar to yield 24.6 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority, while its 660 million euros of 8.25 percent bonds due in June 2015 were quoted at 52.92 cents to yield 55.49 percent at 10:58 a.m. in New York, according to prices compiled by Bloomberg. A creditor steering committee, which includes Greenwich, Connecticut-based hedge fund Silver Point Capital LP is now in talks with the company over its debt restructuring, two people familiar with the matter said. Other creditors include London-based M&G Investment Management Ltd. and Cyrus Capital Partners LP, two people said. Tripp Kyle, a spokesman at Brunswick Group LLC for Canyon; Adam Weiner, a spokesman for Silver Point at Kekst & Co.; executives at M&G, who asked not to be identified citing company policy; and Ember Shmitt, a spokeswoman for Cyrus, declined to comment. ‘Totally Irrational’ Codere’s earnings before interest, tax, depreciation and amortization fell 34 percent in the second quarter, and the company’s September performance was in line with that, according to an Oct. 15 report from CreditSights Inc. The company restated its 2012 earnings on June 3 after detecting accounting errors, bringing last year’s net loss to 134 million euros. The company’s shares, which dropped as low as 1.15 euros in September, closed at 1.59 euros in Madrid yesterday. Moody’s Investors Service rates Codere’s debt Caa3, nine levels below investment-grade, and Standard & Poor’s puts it one rung lower at CC. Both ratings have “negative” outlooks. “This is totally irrational from the perspective of an investor who loans money to a company, buys the bonds or loans, and expects to get paid back,” said DoubleLine’s Baha. “They’re definitely stacking the deck.”
cimarron 16/10/13 13:44
Ha respondido al tema ¿Qué pensáis de Codere (CDR)?
Muertos están estos foros en Rankia.
cimarron 09/10/13 13:47
Ha respondido al tema Bonos Senior Codere XS0222158767
Bloomberg News Codere Bonds Get Initial Value of 48% in Default Swaps Auction By Abigail Moses October 09, 2013 Sellers of credit-default swaps on Codere SA may have to pay 51.875 cents on the euro to settle contracts triggered by the company’s failure to make a timely bond payment last month. Dealers set an initial value of 48.125 percent of face value at an auction for the Madrid-based gaming company’s bonds today, according to administrators Markit Group Ltd. and Creditex Group Inc. The auction is being held under the rules of the International Swaps & Derivatives Association and a final rate will be determined at 3:30 p.m. in London. Codere’s credit-default swaps are being settled because the company, which has debts totaling 1 billion euros ($1.35 billion), paid a coupon on $300 million of 9.25 percent bonds two days after the end of a 30-day grace period. The issue has rattled the derivatives market because debt insurance holders are being compensated for losses that haven’t been incurred. STORY: Default Might Not Meet Apocalyptic Predictions—and That Could Be a Disaster “The risk is that if you have these sort of upsets, it reduces liquidity because specialist players are less willing to get involved,” said Michael Hampden-Turner, a credit analyst at Citigroup Inc. in London. “Certainly people will be unhappy, but the contract worked the way it should.” Codere’s 9.25 percent bonds due February 2019 were trading at 49.25 cents on the dollar yesterday, according to Bloomberg prices. Sellers of protection will pay buyers face value in exchange for the underlying securities or the cash equivalent. The results of the auction are posted on Creditfixings.com, a website run by Creditex, a New York-based derivatives broker, and financial information provider Markit. STORY: Blythe Masters, JPMorgan's Credit Derivatives Guru, Is Not Sorry There were 2,951 default swaps contracts covering a net $432 million of Codere’s debt as of Oct. 4, according to the Depository Trust & Clearing Corp. There were 34 trades covering a gross $112 million of Codere’s debt last week. The company was also included in 13 versions of the Markit iTraxx Crossover Index and new versions of those benchmarks now trade without it, according to Markit. To contact the reporter on this story: Abigail Moses in London at amoses5@bloomberg.net