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Tuesday 21 June 2016 by FIIG Research Company updates

Company updates – Barminco and Virgin

Barminco managing its refinancing risk through progressive bond buybacks and Virgin’s rating on hold despite equity raise

Barminco

Barminco has announced that it has made a further repurchase of its 2018 bonds via two privately negotiated transactions. The repurchase has been fully funded out of cash and the associated bonds will be cancelled.

More information is available here. External link - opens in a new window

Virgin

Virgin’s USD 2019 bond has rallied on the recent capital injection and new shareholders. With both Moody’s and S&P affirming their existing credit ratings, now is a good time to consider taking profits.

More information is available here. External link - opens in a new window

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