HALISTER1: Chile’s Masisa 2019 USD Bonds Rated Outperform at Gimme Credit

Chile’s Masisa 2019 USD Bonds Rated Outperform at Gimme Credit

(Bloomberg) -- Bonds still attractive after rallying earlier this year, expects co. to weather economic storms in countries in which it operates, analyst Cedric Rimaud says in note.
  • ARS depreciation to support exports from Argentina
  • GDP growth expected still in Mexico and Chile
  • Masisa could become acquisition target given its strong foothold in region
    • For example, South Africa’s Steinhoff is on M&A spree
  • Masisa credit metrics have been weakening, coming close to net leverage covenant of 4.5x and interest coverage minimum of 2.5x
    • Bonds will need to be refinanced before 2019
    • Co. is working on reducing its debt by selling assets, securing syndicated loans and repaying more expensive USD bonds
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MASISA CI (Masisa SA)

People
Cedric Rimaud (Gimme Credit LLC)

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HALISTER1: BGOV Bill Summary: H.R. 5461, Iran Leadership Assets Report (1)

BGOV Bill Summary: H.R. 5461, Iran Leadership Assets Report (1)

Alert: HALISTER1
Source: BGV (Bloomberg Government)

Tickers
1025593D US (United States House Committee on Financial Services Committee)

People
Bruce Poliquin (United States House of Representatives)
Maxine Waters (United States House of Representatives)

Topics
BGOV Defense

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UUID: 7947283

HALISTER: Apple Said in Talks With McLaren Technology on Acquisition: FT

Apple Said in Talks With McLaren Technology on Acquisition: FT

(Bloomberg) -- Apple has approached McLaren Technology Group about a potential acquisition, Financial Times reports, citing three unidentified people briefed on the negotiations.
  • Apple considering full takeover of McLaren or strategic investment
  • McLaren likely to be valued between GBP1b to GBP1.5b
  • Apple and McLaren declined to comment to FT
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AAPL US (Apple Inc)
882757Z LN (McLaren Group Ltd)

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UUID: 7947283