BOCAN 2015 - Banco Comafi

BOCAN 2015
Fixed Income Report
Sales and Trading:
Juan Jose Aldazabal
Estanislao Diaz Saubidet
(5411) 4328 5000
(5411) 4328 5000
JuanjoA@Comafi.com.ar
EstanisD@Comafi.com.ar
Javier Gourdy Allende
Jorge A. Oteiza
(5411) 4328 5000
(5411) 4328 5000
JavierG@Comafi.com.ar
JorgeO@Comafi.com.ar
14 November 2014
1- BOCAN 2015 (AS15)
Security Description
Payment Schedule
Security Information
BOCAN 2015
Issue:
2009-09-10
Capital: 100
Asset Class
Sovereign
From:
To:
Coupon
Value Date
2014-11-14
2009-12-10
2011-09-10
Int:300bps + Cap: Badlar Privado
Settlement Date
2014-11-19
2011-12-10
2012-12-10
2013-03-10
2013-03-10
2013-06-10
2013-06-10
2013-09-10
2013-09-10
ARS
2013-12-10
2013-12-10
No
2014-03-10
2014-03-10
2014-06-10
2014-06-10
2014-09-10
2014-09-10
2014-12-10
2014-12-10
2015-03-10
2015-03-10
2015-06-10
2015-06-10
2015-09-10
2015-09-10
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Int: Badlar Privado + 300bps
Int: TB + 300bps + Amort:
16.6%
Asset Name
ISIN
ARARGE03G506
Quote Currency
ARS
Country
Argentina
Legislation
Argentina
Flow Currency
Callable
Coupon Description
Rate Type
Float
Frequency
Quarterly
Day Count
Day Count
Security Analysis
Price
42.38
Dirty Price
42.38
Yield
26.20%
M. Duration
0.48
Spread
5.74
Residual Value
Date
Coupon
33.4%
Last Payment
2014-09-10
ARS 24.5311
2014-09-10
ARS 20.5969
Mkt. Conv. Spread
6.43
Mkt. Conv. Badlar
19.77
Last Amortization
Tech Value
42.83
Parity
98.93
Last Interest
2014-09-10
ARS 3.9342
Next Payment
2014-12-10
ARS 2.3744
Next Amortization
2014-12-10
ARS 0.0000
Next Interest
2014-12-10
ARS 2.3744
Maturity
2015-09-10
Settlement On
2014-11-19
Accrued Int.
November 14, 2014
1.59
Capital Int
0
Banco Comafi - Research Department
2- BOCAN 2015 (AS15)
Price-Yield Sensitivity Analysis
42.598
25.20
42.578
25.30
42.558
25.40
42.537
25.50
42.517
25.60
42.497
25.70
42.476
25.80
42.456
25.90
42.436
26.00
42.415
26.10
42.395
26.20
42.375
26.20
42.375
26.30
42.355
26.40
42.335
26.50
42.314
26.60
42.294
26.70
42.274
26.80
42.254
26.90
42.234
27.00
42.214
27.10
42.194
27.20
42.174
27.30
42.154
27.40
42.134
27.50
42.114
27.60
42.094
42.6
42.619
25.10
42.5
25.00
$
42.639
November 14, 2014
42.4
42.66
24.90
42.3
42.68
24.80
42.2
24.70
42.1
Price
42.7
Sensitivity Table
Yield
25.0
25.5
26.0
26.5
27.0
27.5
%
Banco Comafi - Research Department
3- BOCAN 2015 (AS15)
Future Cashflow
Date
2014-12-10
2015-03-10
2015-06-10
2015-09-10
November 14, 2014
Coupon
ARS 2.3744
ARS 22.9194
ARS 1.1885
ARS 21.8349
Past Cashflow
Date
2009-12-10
2010-03-10
2010-06-10
2010-09-10
2010-12-10
2011-03-10
2011-06-10
2011-09-12
2011-12-12
2012-03-12
2012-06-11
2012-09-10
2012-12-10
2013-03-11
2013-06-10
2013-09-10
2013-12-10
2014-03-10
2014-06-10
2014-09-10
Coupon
ARS 0.7479
ARS 0.7613
ARS 0.7969
ARS 0.8157
ARS 0.8278
ARS 0.8404
ARS 0.8826
ARS 0.9272
ARS 6.0320
ARS 6.0265
ARS 4.7247
ARS 4.9270
ARS 5.4733
ARS 26.1946
ARS 4.6731
ARS 25.8227
ARS 4.4392
ARS 25.7023
ARS 4.4860
ARS 24.5311
Banco Comafi - Research Department