Sacyr : ¿ La remontada ?
Following the negative ruling on the Panama Canal advances in December, the price of the 2019 convertible bond has decreased by 2 figures (from c. 99% to c. 97% currently, with a low point at 95%). This was one of the risks surrounding Sacyr’s liquidity position that we highlighted in our last credit reports (see our Special Comments published on 9 and 12 October 2018). However, the group managed to finance this cash-out with a new loan. - The most immediate sources of liquidity a...Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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