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Originally Posted by Itshim
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This what worries me anyway took liberty to use another link cant read FL.
http://www.euroinvestor.com/news/201...arket/12196832
Now even experts say this risky move. With economic climate we face this really big risk.
Interesting this coment by rating agency
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The bonds and loans will all be on the balance sheet of Virgin Media, the acquired company, increasing its debt by more than $3 billion. Ratings company Standard & Poor's Corp. Wednesday put Virgin Media's BB rating on observation for a possible downgrade, due to the additional debt which will be on the company.
Conversely, it put Liberty Global's B- rating on observation for a possible upgrade, as a consequence of the integration of the "large and highly cash-generative operations" of Virgin Media into Liberty Global's structure.
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I shocked leverage asset purchasing is still allowed. Do banks learn. What happens if it defaults or uk investers wary wont get involved.
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Virgin Media plans to sell two bonds, in sterling and dollars, for a total of 2.3 billion pounds ($3.62 billion) equivalent, making this the biggest single bond sale of junk debt from Europe since late 2010, according to data compiled by Dealogic.
The company plans to sell roughly the same amount in sterling and dollars, posing a major test for European investors' capacity,
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