1. Healthcare

H. Piedra del Aguila
2017
Fixed Income Report
Sales and Trading:
Juan Jose Aldazabal
Estanislao Diaz Saubidet
(5411) 4328 5000
(5411) 4328 5000
[email protected]
[email protected]
Javier Gourdy Allende
Jorge A. Oteiza
(5411) 4328 5000
(5411) 4328 5000
[email protected]
[email protected]
30 January 2015
1- HDPA 2017
Security Description
Payment Schedule
Security Information
HDPA 17
Issue:
2007-07-11
Capital: 100
Asset Class
Corporate
From:
To:
Coupon
Value Date
2015-01-30
2008-01-11
2014-01-11
Int: 9.0%
Settlement Date
2015-02-04
2014-07-11
2014-07-11
Int: 9.0% - Amort:25%
2015-01-11
2015-01-11
Int: 9.0%
2015-07-11
2015-07-11
Int: 9.0% - Amort:25%
2016-01-11
2016-01-11
Int: 9.0%
2016-07-01
2016-07-01
Int: 9.0% - Amort:25%
2017-01-11
2017-01-11
Int: 9.0%
2017-07-01
2017-07-01
Int: 9.0% - Amort:25%
Asset Name
ISIN
Quote Currency
Country
USP5122QAG21
USD
Argentina
Legislation
NY
Flow Currency
USD
Callable
Yes
Call Type
American
Coupon Description
Rate Type
Fixed
Frequency
Day Count
Date
2015-01-12
USD 3.3750
Semi-Anual
Last Amortization
2015-01-12
USD 0.0000
Day Count
Last Interest
2015-01-12
USD 3.3750
Next Payment
2015-07-13
USD 28.3750
Next Amortization
2015-07-13
USD 25.0000
2015-07-13
USD 3.3750
Security Analysis
Price
99
Dirty Price
74.68
Next Interest
Yield
9.78%
M. Duration
1.26
Maturity
2017-07-03
75.0%
Settlement On
2015-02-04
Spread
9.3
Residual Value
Tech Value
75.43
Parity
Accrued Int.
0.43
Capital Int
January 30, 2015
Coupon
Last Payment
99.01
0
Banco Comafi - Research Department
2- HDPA 2017
Yield to Call Analysis
hdpa17 Yield to Call
●
100.2500
2014-07-11
100.1250
2015-07-11
100.0000
2016-07-11
100.0000
20
2013-07-11
15
Price
100.5000
%
Date
2012-07-11
25
Call Schedule - Call From
●
●
●
o Yield to Call
●
− ●Yield to Maturity
10
●
●●
03/15
09/15
03/16
09/16
03/17
Date
Price-Yields
Price
Yield Maturity
January 30, 2015
99
9.78
Yield to Next
27.1931
Yield to Worst
9.7847
Banco Comafi - Research Department
3- HDPA 2017
Price-Yield Sensitivity Analysis
100.898
7.80
100.916
8.40
100.768
7.90
100.786
8.50
100.639
8.00
100.656
8.60
100.509
8.10
100.527
8.70
100.38
8.20
100.398
8.80
100.252
8.30
100.269
8.90
100.123
8.40
100.14
9.00
99.995
8.50
100.012
9.10
99.868
8.60
99.884
9.20
99.74
8.70
99.757
9.30
99.613
8.80
99.629
9.40
99.486
8.90
99.502
9.50
99.359
9.00
99.375
9.60
99.233
9.10
99.249
9.70
99.107
9.20
99.122
9.78
99
9.30
99
9.80
98.981
9.30
98.996
9.90
98.855
9.40
98.871
10.00
98.73
9.50
98.745
10.10
98.605
9.60
98.62
10.20
98.48
9.70
98.495
10.30
98.356
9.80
98.371
10.40
98.231
9.90
98.246
10.50
98.107
10.00
98.122
10.60
97.984
10.10
97.998
10.70
97.86
10.20
97.875
10.80
97.737
10.30
97.751
10.90
97.614
10.40
97.628
11.00
97.492
10.50
97.506
11.10
97.369
10.60
97.383
11.20
97.247
10.70
97.261
100
8.30
$
Price
January 30, 2015
99
Spread
98
Price
101
Sensitivity Table
Yield
8.5
9.0
9.5
10.0
10.5
11.0
%
Banco Comafi - Research Department
4- HDPA 2017
Future Cashflow
Date
2015-07-13
2016-01-11
2016-07-01
2017-01-11
2017-07-03
January 30, 2015
Coupon
USD 28.3750
USD 2.2500
USD 27.1250
USD 1.1875
USD 26.0625
Past Cashflow
Date
2008-01-11
2008-07-11
2009-01-12
2009-07-13
2010-01-11
2010-07-12
2011-01-11
2011-07-11
2012-01-11
2012-07-11
2013-01-11
2013-07-11
2014-01-13
2014-07-11
2015-01-12
Coupon
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 4.5000
USD 29.5000
USD 3.3750
Banco Comafi - Research Department