EM CEEMEA CREDIT: Helios Towers: Q3 Earnings
Nov-06 07:32
(HLSTWR; B1pos/BB-/BB-)
- South Africa’s telecom tower operator Helios Towers reported Q3 earnings, supportive read for credit sentiment.
- At a glance, operationally guidance on tenancy sites is refined upwards to c.2500, whilst the important indicator for tenancy ratio at 2.16x is approaching FY target. Financially, revenues are up at USD216.2mn beating estimates, EBITDA margin is marginally higher at 56%, Op. Profit show +38% q/q at USD56.5mn, whilst leverage at 3.6x is sequentially lower q/q.
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EURIBOR OPTIONS: More Call Condor Buyer
Oct-07 07:31
- ERM6 98.37/98.50/98.75/98.87c condor, bought for 1 in 5k.
This was also bought Yesterday in 14k.
OAT: Block trades
Oct-07 07:28
OAT Block trades, suggest sellers.
- OATZ5 3k at 120.76.
- OATZ5 1.2k at 120.80.
EQUITIES: EU Bank Block trade
Oct-07 07:26
EU Bank Block trade, suggested seller, helping the unwind lower.
- CAZ5 ~3.35k at 229.15.
