Amérique latine : obligations et autres placements en Amérique latine…

sissi a écrit :

Un membre (sérieux) du forum allemand vient de toucher les intérêts sur electricidad de caracas sur un compte euro Deutsche Bank, mais toujours pas sur son compte USD de Deutsche Bank.
Pourtant cette obligation a été déclarée en "défaut"

Apparemment les paiements sont arrives pour plusieurs obligations a la fin de la "grâce period" mais retenus par les agences de clearing!

Bonjour Sissi,
Je peux moi même vous confirmer la bonne réception des intérêts pour ELECAR sur mon compte IB alors que, comme vous le soulignez, elle est déclarée en défaut.
Voyez par vous même :



Edit : Je m’aperçoit que sur la capture d’écran c’est pas très lisible du coup je rajoute uniquement la ligne concernée (et pour le coup bien lisible ):

Sans conter qu’en produisant un travail de fond, vous les réduisez à de simples revendeurs.
Embarrassant…

Caracas (AFP) - Struggling Venezuelan state oil company PDVSA says it has begun paying $539 million in interest payments on four bonds hours before a grace period expires.
It informed bondholders in a statement on Twitter that on Thursday it began "the transfer process" for the payment of PDVSA bonds maturing in 2026, 2024, 2021 and 2035.

Venezuelan state oil company announces payments on certain bonds

Mais pas de news pour les coupons en retard du gouvernement…

Bizarre… et quel chaos!

Certains ont reçu les intérêts sur Elecar il y a 2 ou 3 semaines  mais certains attendent toujours!

Alors… je ne peux pas résister a poster ça … voila oblis.be … pour encourager des achats ou des ventes ? hum!
PDVSA annonce le paiement de plusieurs coupons obligataires | OBLIS

Dernière modification par sissi (18/12/2017 17h38)

Voila qui est tres clair - avec cet exemple de GOL Zebonder!
S’il nous lisent … qu’ils fassent donc un effort pour offrir des obligations plus "intéressantes" de certaines cies émergentes moins connues avec de bons coupons
Apres tout …c’est leur "turf" et meme leur boulot  de dénicher des obligations plus "originales" avec un coupon au-dessus des pietres coupon euros.
Aussi trop souvent ils n’évoquent qu’une obligations d’une cie - et pas la plus intéressante - dommage!

Mais toujours est il que c’est le meilleur site pour les débutants!
Et un bon outil de survol du marche et de news - faut leur donner ça!

Nouvelles d’Odebrecht Bresil

Marcelo est rentre chez lui…

La cie doit rembourser une obligation BRL en avril 18. Elle a l’air bien décidée a rembourser cette dette!
Le processus de transformation a commence: la branche "agriculture" vient de changer son nom en ATVOS
Mais la situation est delicate … et les obligations clairement en situation de "distressed"
Le remboursement de l’obligation avril 2018 aiderait probablement a adoucir le "climat "autour des autres obligations…

Odebrecht makes offensive to pay debt
"Without the help of the parent company, construction company Odebrecht seeks to sell assets to pay debts of R $ 1.2 billion that mature in 2018"

"The accounts worried market analysts. In its latest report, published in September, the risk agency Fitch described as "a challenge" for Odebrecht to honor the payment of $ 500 million in bonds due as early as April."

"For this reason, Odebrecht has been launching aggressively in bids. From October to here he managed works worth R $ 5.6 billion (US $ 1.7 billion) in Angola. It also closed a private contract of R $ 600 million (US $ 180 million) in Brazil, the first one won in Brazil since the arrest of Marcelo Odebrecht in June 2015.

To investors, Odebrecht said it awaits the result of 12 bids in Brazil, in Mozambique and in the Dominican Republic, whose contracts total R $ 3 billion.

The company makes an optimistic forecast for the works portfolio in 2018. In its calculations, more than R $ 10 billion (US $ 3.2 billion) in projects will be added. Among the targets, there are works in Brazil, Argentina and Portugal. Most in the private sector (70%)."

http://economia.estadao.com.br/notic…da,70002122047

Odebrecht a reçu grâce a sa participation dans Braskem de bons dividendes

Braskem dividends boost Petrobras and Odebrecht

By Stella Fontes |  São Paulo
Braskem is proving worthy of its crown-jewel status at Odebrecht, especially in light of the group’s financial woes in the wake of Operation Car Wash. The petrochemical giant, backed by a strong operating performance this year, will pay in advance a dividend of R$1 billion. Including a R$1.2bn payment in 2016, parents Odebrecht and Petrobras will have received R$2.2 billion from their stakes in the biggest thermoplastic resin producer of the Americas
Odebrecht, the controlling shareholder, will receive R$384 million on December 12 for 2017 earnings. Petrobras will receive R$362.2 million as the second-largest shareholder. Along with previous dividends of R$1 billion each in April and October of last year, Odebrecht will have received R$1.2 billion by the end of this year, while Petrobras gets R$1.1 billion.
The R$1 billion dividends were the highest ever paid by Braskem since its founding in 2002, in absolute terms. They also are among the highest in relative terms. The R$2 billion paid in 2016 represent over 60% of net profit. The company will return 27% of net earnings this time, a level that could even indicate another dividend round is in the works.
Odebrecht holds a little over 226.3 million common shares of Braskem, or 50.12% of the total. It will get R$284.4 million for them in December. It also holds 22.3% of preferred shares, which ensure another R$99.5 million. Petrobras can earn R$267 million for common shares and R$95.2 million for preferred stock.
The partners are highly indebted and took center stage in Brazil’s biggest-ever corruption scandal, and both have ongoing divestment plans that in the Petrobras’s case even include the Braskem stake. Dividends would be very welcome at this point. The market is swirling with rumors of potential buyers for Braskem, and some say Petrobras may finally sell its shares in 2018.
Odebrecht has denied publicly any plan to shed its Braskem stake. But talks with Petrobras over a new shareholders’ agreement have raised the possibility of downsizing the slice, even as a way of unlocking value – the partners argue the market is not pricing the company fairly. Investors, meanwhile, may believe that one or maybe both shareholders must go before the “real value” is attained.
Odebrecht has also sold back to Braskem Cetrel, its environmental services unit at the Camaçari Petrochemical Hub in Bahia. Braskem overcame resistance from minority shareholders to pay R$610 million recently to its parent for the sanitation company, which Braskem had sold to subsidiary peer Odebrecht Ambiental five years ago.
The company didn’t pay dividends in the fiscal year 2016 when it posted a net loss. But it did make two R$1 billion payments for the previous fiscal year. The company reported an accumulated net profit of R$3.7 billion in this year to September, with EBITDA of R$9.4 billion.
Braskem’s management had already indicated the issue was being discussed inside the company. In early September, CEO Fernando Musa said there were “talks” on a potential new dividend. “It is being discussed,” he said at the time. CFO Pedro Freitas reiterated last week he considered the new distribution “very reasonable” considering the company’s little financial leverage.
(Renato Rostás contributed to this story.)

http://www.valor.com.br/international/n … -odebrecht

Not coincidentally, April 2018 will be a very important date for the group. This is when a debt of R $ 500 million will be due from the construction company and another $ 100 million in bond redemptions. "This is a very complicated situation because the company does not have enough cash generation," says Alexandre Garcia, associate director of risk analysis agency Fitch Ratings. One possibility is to try to refinance these maturities, but the momentum is not favorable to the construction company, which saw its revenue plummet from R $ 4.1 billion in December 2016 to R $ 2.2 billion on September 30, 2017.

Since it has faced justice, the Odebrecht Group has been undergoing a series of changes - from the change of the name of some of its companies to the sale of assets. So far, the asset divestment program, both in Brazil and abroad, has brought to the company R $ 7.3 billion, but the estimate is that the sum reaches R $ 12 billion. The process should only be completed in the first half of 2018. But what has been done so far, according to the company, has already reduced the debt consolidated by Odebrecht SA by R $ 9 billion. With the completion of the program, scheduled for the first half of 2018, the reduction is expected to reach R $ 16 billion. In addition to disposing of assets to strengthen the cash, the group opted to change some brands. Odebrecht Agroindustrial became known as Atvos. Odebrecht Realizações Imobiliárias became the OR. Braskem, despite having maintained its name, started to adopt a new brand, with a visual identity in the colors blue and yellow. The intention is for the Odebrecht brand to be used exclusively to name the holding company.

http://www.correiobraziliense.com.br/ap … echt.shtml

Dernière modification par sissi (26/12/2017 14h27)

J’ai lu dans un message reçu de leur part sur ma boite mail que le produit de la vente servirait à rembourser les dettes liées à ce centre commercial et également au remboursement d’autres dettes en devise locale.

Une année 2018 meilleure pour le Bresil? Blackrock voit 30% de remontee du Bovespa

Bulls like Will Landers, a managing director at BlackRock Inc. in New York, are undaunted. They say strong fundamentals should be enough for the country to endure the chaos of elections amid positive earnings momentum.

“Brazilian companies are in great shape,” said Landers, adding that the Ibovespa could return as much as 30 percent in dollar terms this year if all goes well. “Balance sheets are relatively clean, commodities are helping, banks are super well capitalized, consumer markets are benefiting. We can keep a portfolio a little more aggressive.”

Corporate Brazil Is Moving Past Its Scandals - Bloomberg

Plusieurs compagnies ont émis des obligations locales dont Odebrecht Consturction ou des obligations internationales comme Marfrig - je suppose en grosses tranches-
Bonds | LatinFinance.com

Idem … j’ai pas mal de Rallye mais aussi des obligations brésiliennes dont l’une est remontee en flèche (CSN) - l’autre semble sortir de sa torpeur.
Meme Odebrecht semble reprendre en vendant une mine en Angola pour 300m USD et en placant une nouvelle émission locale de 562m BRL. Toutefois c’est la plus affectée par le scandale (pas étonnant!)

Faudrait voir quoi acheter: a part un etf ou CEF … des actions ? car cote obligations le souci c’est les grosses tranches (et j’en ai déjà beaucoup!)

Oui les supras c’est sans risque émetteur mais le risque devise est la
J’en avais plusieurs a coupon de 10 a 11 - je les ai revendues quand le BRL était revenu au-dessus du niveau ou j’avais acheté
Certains ici se sont plaint d’y avoir perdu a cause du change.
Je vais analyser ou en est le BRL
Mais chez IB pas possible je pense d’en acheter ?

Bonsoir !

sissi a écrit :

Mais chez IB pas possible je pense d’en acheter ?

En dehors de la syntaxe qui me semble inspirée par maître Yoda, je confirme ne pas avoir trouvé l’obligation sus-citée chez IB.
J’ai bien vu pas mal d’obligations en cherchant avec le terme EIB (European invest Bank), mais seules celles en USD et EUR apparaissent.

Désolé pour la fausse trouvaille.

C’est des obligations en MXN et IB n’en propose pas.

Vous pouvez avoir plus d’informations chez oblis :
Rechercher | OBLIS