Among American securities with "investment" ratings and increased profitability we will pay attention to the junior subordinated issue of the American giant Enterprise Products Partners L.P. With maturity in 2078, the Eurobond in the amount of $ 700 million was placed in February last year. On paper there is a call option in February 2028 face value. The minimum lot for EPD 5 ⅜ 02/15/78 is 2 thousand dollars.
Founded in 1968, Enterprise Products Partners L.P. took 105th place in 2018 in the list of the largest American companies in terms of revenue. The issuer provides services for the processing and transportation of gas condensate liquids and crude oil, owning more than 80 thousand km of pipelines. Headquarters is located in Houston (Texas). The company employs 7 thousand people.
In 2018, the issuer's revenue and EBITDA amounted to $ 36.5 and $ 7.1 billion, respectively; net profit was fixed at $ 4.2 billion. All three agencies hold a "stable" outlook on the issuer rating change (Baa1 / BBB+). Shares Enterprise Products Partners L.P. traded on the NYSE, the company's current market capitalization is $ 61 billion.
Among Russian papers with a duration of about a year, interestingly, in our opinion, looks at the issue of “TMK” with maturity on April 3, 2020. According to the company's presentation, in 2019, TMK needs to repay $ 901 million, in 2020 - $ 702 million. It cannot be excluded that the Eurobond with maturity in 2020 will be refinanced by placing a new issue. At least, the possibility of entering the Eurobond market with new borrowing as early as 2019 was recently mentioned by the deputy general director for strategy and development of the company, Vladimir Shmatovich.
Ask your question right now and we will contact you!