Among the papers with high yield and relatively high ratings, let us turn our attention to one of the issues of Seagate Technology with redemption in 2027. Eurobond in the amount of $ 0.7 billion placed in May 2015. On paper there is one call option for three months before maturity. The minimum lot is $ 2,000. The output is under maintenance at NSD.
Seagate Technology PLC designs and manufactures hard drives for enterprise applications, personal data backup systems, portable external storage systems, and digital media systems. About half of sales come from Singapore, about 30% to the United States, and the company's products are also available in Russia. Number of employees - 43 thousand. Seagate Technology PLC is headquartered in California (USA).
In 2018, the issuer's revenue and EBITDA amounted to $ 11.3 and $ 2.4 billion, respectively, net profit was fixed at $ 1.7 billion. Moody's keeps a stable outlook on the issuer rating change (Baa3), Fitch agency has a negative outlook (BBB-). Seagate Technology shares are traded on the NASDAQ GS, the company's current market capitalization is $ 13.2 billion.
Against the background of steady growth in prices for non-ferrous metals, in particular, for palladium, let us pay attention to the issues of Nornickel. Recall that Moody’s recently, following the sovereign, raised the company's foreign currency rating from Baa3 to Baa2. Nornickel Eurobonds are traded fairly smoothly relative to the Russian sovereign curve, so we single out the shortest issuer issue maturing in October 2020.
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