RasGas (3) USD850m Series B senior secured bonds
due 2027: affirmed at 'A+'; Outlook Stable
In addition to the above-mentioned Senior Secured Bonds
, the QVT funds are also holders of the unsecured NOK 100 million bond loan (ISIN NO0010362809) and the unsecured USD 20 million bond loan (ISIN NO0010325350) (the "Unsecured Bonds") issued by InterOil.
Fitch considered the potentially lower expected recovery attributes of senior secured bonds
compared to senior secured loans in its portfolio credit model (PCM).
152,355,000 sales tax and state aid secured bonds
, series 2010A;
Witan's total long-term debt has risen to GBP146 million with the issue of a GBP100 million secured bond
in November 2000.
The secured bond
indenture requires the existing favorable contract, put in place in 1996, to be replaced at "substantially equivalent terms" five-years prior to its maturity to avoid a cash trap of all excess cash flow up to the amount of then outstanding principal and interest on the secured bonds
Of concern is the structural subordination of the secured bonds
to the debt at the portfolio projects.
O&Y said it is preparing proposals for consideration that it hopes will be satisfactory to the trustee and to the holders of the secured bonds
1 billion of eligible collateral at book value in the electric distribution category, against which BGE could issue new secured bonds
up to about $1.
The issuance of the fiscal 2009 series S-5 bonds does not affect the 'AA+' rating on the future tax secured bonds
Both the subordinated notes and the 'BBB-' rated $375 million senior secured bonds
due 2019 remain on Rating Watch Positive.
750 million senior secured bonds
, series 2004A through 2004I (auction rate), due 2024 at 'A-';