angy2008
Forumer storico
visto che la banca sembra migliorata potrei comperarne un pò se li vendono a 40 come hanno ritirato i miei vecchi, ricordavo male era a 30
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (6 lettori)
- Creatore Discussione Joe Silver
- Data di Inizio
Cat XL
Shizuka Minamoto
EU to set out compensation decision for Banco Popular creditors | Ticker | IFRe
Al contrario delle 4 banchette e delle Venete qui hanno pestato i piedi di troppa gente potente...
Al contrario delle 4 banchette e delle Venete qui hanno pestato i piedi di troppa gente potente...
angy2008
Forumer storico
nelle banche italiane la gente potente era ed è dentro, sopra , sotto e a fianco perciò sono intoccabili e a pagare restano sempre i risparmiatori
nelle banche italiane la gente potente non deve avere, ma deve dare....cioè restituire i prestiti concessi ad minkiam
bosmeld
Forumer storico
ieri vivat ha emesso un nuovo bond per finanziare la tender offer sul vecchio bond
https://vivat.nl/Media/Default/pres...3-vivat-restricted-tier1-offering-pricing.pdf
call a 7 anni cedola 7% in euro XS1835946564
rientra nei tier1 di nuovo genere, personalmente però il rendimento mi sembra allettante.
bond comparabile per tipo è l'asr XS1700709683 Asr è un emittente migliore di Vivat ma ha difatti una cedola di 4,625% mi sembra una differenza forse troppo grande tra i 2 emittenti specie pensando poi che si è spesso parlato in passato di un possibile matrimonio tra i 2
https://vivat.nl/Media/Default/pres...3-vivat-restricted-tier1-offering-pricing.pdf
call a 7 anni cedola 7% in euro XS1835946564
rientra nei tier1 di nuovo genere, personalmente però il rendimento mi sembra allettante.
bond comparabile per tipo è l'asr XS1700709683 Asr è un emittente migliore di Vivat ma ha difatti una cedola di 4,625% mi sembra una differenza forse troppo grande tra i 2 emittenti specie pensando poi che si è spesso parlato in passato di un possibile matrimonio tra i 2
Joe Silver
Forumer storico
Interessante. Taglio 100 oppure 200K?
Fabrib
Forumer storico
Joe Silver
Forumer storico
Quindi dovremmo vederla quotata tra qualche giorno su Euronext.
apaci2
Ad bestias
* VIVAT N.V. EUR PERP-NC7 RT1: Guidance 7% area *
Issuer: VIVAT N.V.
Issuer Ratings: IDR BBB (evolving), senior BBB-, (Fitch)
Instrument: EUR Perpetual Restricted Tier 1 Write Down Notes
("Notes")
Exp. Instrument Rating: BB- (Fitch)
Status and subordination: Direct, unsecured and subordinated, Solvency II
Restricted Tier 1, ranking pari passu and
without preference amongst themselves
Settlement Date: [19] June 2018 (T+4)
Maturity: Perpetual-NC 7
First Call Date: [19] June 2025
Size: EUR []m
Guidance: 7% area (semi-annual coupon), will price at
par
Redemption at the option of the Issuer: On [19] June [2025] (the First
Call Date) or any Interest Payment Date
thereafter, subject to fulfilling certain
redemption conditions
Interest: [·]% per annum payable semi-annually in arrear
from (and including) the Issue Date up to (but
excluding) the First Call Date. Thereafter a
fixed rate of interest per annum which will be
reset on the First Call Date and on each Reset
Date thereafter as the sum of the applicable 5
Year Mid-Swap Rate plus the Margin (no step-up),
payable semi-annually in arrear on each Interest
Payment Date
Margin: [∙]%
Cancellation of Interest Payments: Optional at the discretion of the Issuer and
mandatory, if:
(i) Issuer not Solvent; (ii) non-compliance with
Solvency Capital Requirement (SCR); (iii)
non-compliance with Minimum Solvency Capital
Requirement (MCR); (iv) available Distributable
Items are insufficient; (v) as otherwise
required by the Relevant Supervisory Authority
Special Event Redemption: Optional (in whole but not in part) at par upon
the occurrence of a Gross-Up Event, a Tax
Deductibility Event, a Regulatory Event, a
Rating Methodology Event, subject to Redemption
& Purchase Conditions
Exchange or Variation: Upon a Regulatory Event or Rating Methodology
Event, on any Interest Payment Date, subject to
conditions
Write-Down upon Trigger Event: Any such Write-Down shall be applied in respect
of each Note equally. Any such part of the
Initial Principal Amount will be written down on
a permanent basis and cancelled. Write-Down
Amount will be, at determination of the
Issuer
i) amount that would reduce Prevailing
Principal Amount to 0, if the Trigger Event is
(a) or (b) below; or (ii) if permitted, together
with the pro-rata conversion/write-down of all
other Loss Absorbing Tier 1 Instruments of the
Issuer when compared with the Prevailing
Principal Amount (x) amount necessary to restore
SCR ratio to 100%; or (y) if the SCR ratio
cannot be restored to 100%, amount necessary on
a linear basis to reflect the SCR Ratio level;
or (z) any higher amount that would be
required by Applicable Regulations in force at
the time
Trigger Event: At the determination of the Issuer the amount of
Own Fund Items of the Issuer on a consolidated
basis eligible to covera) the SCR is equal to
or less than 75% of the SCR; (b)the MCR is equal
to or less than the MCR;(c) the SCR of the
Issuer has been equal to or less than the SCR
for a continuous period 3 months (starting from
the date on which non-compliance was first
observed)
Redemption Price: 100%
Denominations: EUR 200k + EUR 1k
Target Market: Manufacturer target market (MIFID II product
governance) is eligible counterparties and
professional clients only (all distribution
channels). No PRIIPs key information document
(KID) has been prepared as not available to
retail in EEA
Selling Restrictions: Reg S, no sales to EEA retail investors.
Further, customary selling restrictions apply
for sales in UK, The Netherlands, Hong Kong,
Singapore,as more fully set out in Preliminary
Offering Memorandum under "Subscription and
Sale"
Governing Law: Dutch Law
Listing: Irish Stock Exchange Global Exchange Market (GEM)
Titolo per temerari 200k+1k
Issuer: VIVAT N.V.
Issuer Ratings: IDR BBB (evolving), senior BBB-, (Fitch)
Instrument: EUR Perpetual Restricted Tier 1 Write Down Notes
("Notes")
Exp. Instrument Rating: BB- (Fitch)
Status and subordination: Direct, unsecured and subordinated, Solvency II
Restricted Tier 1, ranking pari passu and
without preference amongst themselves
Settlement Date: [19] June 2018 (T+4)
Maturity: Perpetual-NC 7
First Call Date: [19] June 2025
Size: EUR []m
Guidance: 7% area (semi-annual coupon), will price at
par
Redemption at the option of the Issuer: On [19] June [2025] (the First
Call Date) or any Interest Payment Date
thereafter, subject to fulfilling certain
redemption conditions
Interest: [·]% per annum payable semi-annually in arrear
from (and including) the Issue Date up to (but
excluding) the First Call Date. Thereafter a
fixed rate of interest per annum which will be
reset on the First Call Date and on each Reset
Date thereafter as the sum of the applicable 5
Year Mid-Swap Rate plus the Margin (no step-up),
payable semi-annually in arrear on each Interest
Payment Date
Margin: [∙]%
Cancellation of Interest Payments: Optional at the discretion of the Issuer and
mandatory, if:
(i) Issuer not Solvent; (ii) non-compliance with
Solvency Capital Requirement (SCR); (iii)
non-compliance with Minimum Solvency Capital
Requirement (MCR); (iv) available Distributable
Items are insufficient; (v) as otherwise
required by the Relevant Supervisory Authority
Special Event Redemption: Optional (in whole but not in part) at par upon
the occurrence of a Gross-Up Event, a Tax
Deductibility Event, a Regulatory Event, a
Rating Methodology Event, subject to Redemption
& Purchase Conditions
Exchange or Variation: Upon a Regulatory Event or Rating Methodology
Event, on any Interest Payment Date, subject to
conditions
Write-Down upon Trigger Event: Any such Write-Down shall be applied in respect
of each Note equally. Any such part of the
Initial Principal Amount will be written down on
a permanent basis and cancelled. Write-Down
Amount will be, at determination of the
Issuer
i) amount that would reduce PrevailingPrincipal Amount to 0, if the Trigger Event is
(a) or (b) below; or (ii) if permitted, together
with the pro-rata conversion/write-down of all
other Loss Absorbing Tier 1 Instruments of the
Issuer when compared with the Prevailing
Principal Amount (x) amount necessary to restore
SCR ratio to 100%; or (y) if the SCR ratio
cannot be restored to 100%, amount necessary on
a linear basis to reflect the SCR Ratio level;
or (z) any higher amount that would be
required by Applicable Regulations in force at
the time
Trigger Event: At the determination of the Issuer the amount of
Own Fund Items of the Issuer on a consolidated
basis eligible to cover
a) the SCR is equal toor less than 75% of the SCR; (b)the MCR is equal
to or less than the MCR;(c) the SCR of the
Issuer has been equal to or less than the SCR
for a continuous period 3 months (starting from
the date on which non-compliance was first
observed)
Redemption Price: 100%
Denominations: EUR 200k + EUR 1k
Target Market: Manufacturer target market (MIFID II product
governance) is eligible counterparties and
professional clients only (all distribution
channels). No PRIIPs key information document
(KID) has been prepared as not available to
retail in EEA
Selling Restrictions: Reg S, no sales to EEA retail investors.
Further, customary selling restrictions apply
for sales in UK, The Netherlands, Hong Kong,
Singapore,as more fully set out in Preliminary
Offering Memorandum under "Subscription and
Sale"
Governing Law: Dutch Law
Listing: Irish Stock Exchange Global Exchange Market (GEM)
Titolo per temerari 200k+1k