Bond LIBANO | Pagina 32

Discussione in 'Obbligazioni, Bond e Titoli di Stato' iniziata da Fabrib, 29 Ottobre 2019.

    20 Febbraio 2020
  1. Ventodivino

    Ventodivino New Member

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  3. warren baffo

    warren baffo New Member

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  5. Palmiro Tognazzi

    Palmiro Tognazzi New Member

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    acquistato libano 22 a 32,50, vediamo come va a finire.
     
    A sandrino e Ventodivino piace questo messaggio.
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  7. angy2008

    angy2008 New Member

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  9. waltermasoni

    waltermasoni w il caribe!!

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    Rating Action:
    Moody's downgrades Lebanon's rating to Ca, changes outlook to stable

    21 Feb 2020
    New York, February 21, 2020 -- Moody's Investors Service ("Moody's") has today downgraded the Government of Lebanon's issuer rating to Ca from Caa2 and changed the outlook to stable. This concludes the review for downgrade that was initiated at the time of the 5 November 2019 rating action.



    The Ca rating reflects Moody's expectation that domestic and external private creditors will likely incur substantial losses in what seems to be an all but inevitable near-term government debt restructuring in light of rapidly deteriorating economic and financial conditions that increasingly threaten the sustainability of the government's debt and currency peg.



    The stable outlook balances Moody's assumption so far that a debt restructuring may happen in coordination with creditors and under the umbrella of an economic adjustment program agreed with the IMF that unlocks external funding, with the possibility that external funding is not forthcoming given subsequent governments' extremely weak track record on policy implementation, leading to larger losses for investors.



    Moody's also downgraded Lebanon's senior unsecured Medium Term Note (MTN) Program rating to (P)Ca from (P)Caa2, and affirmed the other short-term rating at (P)NP. The senior unsecured MTN program rating was also on review for downgrade.



    Lebanon's long-term foreign currency bond and deposit ceilings have both been lowered to Ca from Caa1 and Caa3, respectively. The long-term local-currency bond and deposit ceilings have been lowered to Caa1 from B2. The short-term foreign currency bond and deposit ceilings remain Not Prime.
     
  10. 22 Febbraio 2020
  11. Eurito

    Eurito New Member

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    Stavo dando un occhio al prospetto della XS0471737444 emessa nel lontano 2009. A parte il passaggio scontato che riporto qui sotto, questo bond va sotto la legge di New York corretto ?

    Jurisdiction and Sovereign Immunity
    The Republic is a sovereign state. Consequently, it may be difficult for investors to obtain or realize upon judgments against the Republic in the courts of the United States of America.
    Investors should be aware that, as a result of Lebanese law, the Republic’s waiver of immunity is likely to be ineffective in respect of the attachment of assets and properties located in the Republic.
    The enforcement of foreign judgments in Lebanon involves the payment of significant court and related fees, which may be as high as 2.5% of the amount claimed. Court costs and fees in connection with a direct action brought against the Republic in Lebanese courts may be as high as 5% of the amount claimed


    Di solito che elementi si potrebbero andare a vedere in questi prospetti ?
     
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  13. Cat XL

    Cat XL New Member

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  15. Cat XL

    Cat XL New Member

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  17. qquebec

    qquebec Super Moderator

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    The country’s foreign exchange reserves have fallen below $30bn and Moody’s estimates only about $5bn to $10bn of the total are usable reserves to meet future foreign currency debt servicing requirements at $4.7bn in 2020, followed by over $4bn in 2021 including the country’s eurobond maturities.

    "Given that Lebanon's debt is mostly held by residents, a potential debt restructuring will have ripple effects across the domestic financial system, including depositors, and the economy," S&P said. "We expect that social unrest, a contracting economy, and intensifying liquidity pressures in the private sector will make it politically difficult to repay creditors in 2020 ... deep sectarian divisions in the political system and high regional security risks will continue to hamper policymaking, in our view."
     
  18. 23 Febbraio 2020
  19. Ventodivino

    Ventodivino New Member

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