Buy Agrokor Bonds, Sell Company’s PIK Note, Exotix Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
1409180D CZ (Agrokor Projekti doo)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Exotix recommends buying Agrokor’s euro-denominated bonds due in 2019, 2020, USD note due in 2020 as prices have “adjusted sufficiently,” analyst Aleksej Gren says in emailed report.
- Also cites economic recovery, “relatively little short-term liquidity pressure from debt servicing”
- Exotix sees Agrokor requiring “some debt reduction” to reduce interest expense
- Recommends selling PIK notes issued by Adria Group, outside of beneficiaries from potential asset sales
- NOTE: Croatia Seeks Talks With Agrokor’s International Creditors Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
1409180D CZ (Agrokor Projekti doo)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283