TNK-BP has placed two tranches of Eurobonds for $ 500 million each
Rosinter reported on the results of operating activities for the 4 quarter and 12 months of 2009, the Company reported negative comparable restaurant sales trends as a result of the quarter and year as a whole - the decline amounted to 13,4% year-to-year and 16.1% Year-to-year, respectively. The main reasons for this decline were the number of transactions (-15.8% year-to-year), as well as reducing the size of the average check of 0.3% year-to-year. “In our view, the decline of key operational indicators Rosinter quite clearly reflects a decrease in demand-oriented middle class segment of” casual dining “. We believe that at this stage in the growth drivers for the operating company”s business is not traced, and the report evaluated as moderately negative” , - analyst IK “Finam” Eldar Vagabov.
TNK-BP has placed two tranches of Eurobonds for $ 500 million each. Coupon rate on a 5-year issue was 6.25%, to 10-year issue - 7,25%. “We commend the results of placement as an extremely successful year for TNK-BP. First, the company posted a 2-fold greater volume than originally announced. Secondly, it is very interesting for the period of the borrowings of the issuer, a 10-year term - this is really long money, and they are most interesting companies to finance investment projects “, - the analyst of investment company” Finam “Dmitry Terekhov.
Rosaviatsiya published operational results of the major Russian airlines in 2009. Russian passenger airlines in 2009 decreased by 8,3% in comparison with 2008, but passenger traffic fell by 9,4%. In an industry leader - Aeroflot - the passenger turnover in 2009 decreased by 4,6% in comparison with 2008, but passenger traffic fell by 5,6%. “We appreciate the operating results of Aeroflot in 2009 as positive. The fall of the operating performance of the company considerably less profound compared with the averages for the industry. We also note that even in the face of declining passenger Aeroflot succeeded in 2009 to increase its net profit for 9 months at 21 % through effective cost control and restructuring of subsidiary companies “, - said Konstantin Romanov of” Finam “.
Ended hearing on the suit Bashneft to ZAO International Industrial Bank (IIB) to recover $ 66.45 million Court ruled in a lawsuit to recover the specified amount in favor Bashneft in full size. Litigation dragged on since the summer of 2009, and the amount of the claim repeatedly increased. The case concerned an overdue payment BCH on income from securities owned by Bashneft. “We estimate that won in court amounts to about 13% of net profit Bashneft in 2009. Therefore, in terms of debt load, which Bashneft received after the purchase of assets of the Bashkir fuel and energy complex, this amount will be very necessary to maintain liquidity and stable development of the company in first half 2010 “, - said in a daily” Finam “.
More information on these and other analysts” comments Finam you can refer to the section “Investments”
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