Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[qquebec]

Sì ma non penso che la sola subordinazione possa giustificare quotazioni così enormemente diverse...

Infatti. Qui c'è in ballo una ristrutturazione pesante (forse già nei prossimi mesi) che su Seat non ci sarà.

 

[bia06]

BCM IRELAND FINANCE LTD RegS 6.093 08/15/2016

Ciao a Tutti/e!

Qualcuno conosce questa?
XS0264261974
BCM IRELAND FINANCE LTD RegS 6.093 08/15/2016

Da starne alla larga?

 

[qquebec]

Vac Finanzierung 2016 XS0250823621

Tempo fa avevamo accennato a questa sconosciuta tedesca, cedola semestrale 9,25%, poco liquida, debito e bond ristrutturati due anni fa, impossibile da prendere su Iw Bank. Pare sia una delle poche ancora sotto la pari. Se a qualcuno interessasse il business delle calamite...
Home - VACUUMSCHMELZE GmbH & Co. KG

Please, postare info e prezzi nel caso fosse ritornata trattabile

 

[nik.sala]

XS0487711573 lt2 10,00 a 66,00

a tal proposito, ribalto una domanda ai più esperti del settore (zorba docet )
Mi aggiornate un attimo sulla situazione di BOi, se riuscite ???
Ero interessato ad un ingresso sulla 573 lt2.
Sabglio o sulla perpetua cumulativa stan tornano a pagare gli interessi ???
Pertanto, la situazione dell'istituto non dovrebbe(il condizionale è d'obbligo) portare a OPA forzate tipo ANGLO, od a una discesa dei prezzi delle lt2 stile ALLIED.
A dicembre si parlò, se non erro, di una ricapitalizzazione del'istituto mediante aumento di capitale da richiedere al mercato, entro marzo, per uscire definitivamente dal guado.
Domanda : su BOI, a che punto siamo ???
Ringrazio tutti anticipatamente

 

[fabriziof]

a tal proposito, ribalto una domanda ai più esperti del settore (zorba docet )
Mi aggiornate un attimo sulla situazione di BOi, se riuscite ???
Ero interessato ad un ingresso sulla 573 lt2.
Sabglio o sulla perpetua cumulativa stan tornano a pagare gli interessi ???
Pertanto, la situazione dell'istituto non dovrebbe(il condizionale è d'obbligo) portare a OPA forzate tipo ANGLO, od a una discesa dei prezzi delle lt2 stile ALLIED.
A dicembre si parlò, se non erro, di una ricapitalizzazione del'istituto mediante aumento di capitale da richiedere al mercato, entro marzo, per uscire definitivamente dal guado.
Domanda : su BOI, a che punto siamo ???
Ringrazio tutti anticipatamente

il fatto è che dopo la nuova legge(approvata qualche giono dopo l'articolo qui sotto) lo stato ha il potere di imporre perdite ai creditori delle banche che hanno ricevuto aiuti pubblici.e ieri hanno vinto i partiti decisi a metterla in pratica .la palla è in mano al governo più che alle banche.


Subordinated bondholders in Irish banks face the prospect of sharing the burden of loan losses under new legislation that will come before the Dáil tomorrow.

The Credit Institutions (Stabilisation) Bill published by Minister for Finance Brian Lenihan this afternoon, will enshrine into law recommendations on the Irish banking system outlined in the Irish International Monetary Fund/EU memorandum of understanding.

As part of an €85 billion rescue plan, the State has agreed to reduce the size of the Irish bank sector in a bid to prevent future loan losses tipping the economy over the edge and damaging the wider euro-zone. Some €35 billion of the fund is being used to bail out the banking system, with €10 billion being injected up front and the remaining €25 billion left in a contingency fund in case of future bank losses.

Under the proposed legislation, the Minister, in consultation with the governor of the Central Bank, will have additional powers. These includes the ability to make subordinated liabilities orders in certain cases to achieve "appropriate burden sharing" by subordinated creditors in institutions that have received State support.

AIB, Bank of Ireland, Anglo Irish Bank, EBS and Irish Nationwide Building Society have all received funding from the Government, with more than €35 billion already injected into or commited to the lenders.

The Minister will also have the power to appoint a special manager to such a bank "in limited and exceptional circumstances".

It also gives the Minister powers to transfer some institutions’ assets and liabilities to facilitate the restructuring of the sector, and will enable the Government to inject part of the capital required by AIB before the end of the year.

Although the Central Bank imposed new capital core tier 1 ratios of 12 per cent for Irish banks, it said it wanted AIB to maintain a ratio of 14 per cent to cover future loan losses. The bank must raise almost €10 billion in additional capital and as a result, the State is expected to take a stake of more than 90 per cent in the bank.

Up until last month, AIB, Bank of Ireland and Anglo Irish Bank had lost more than €35 billion in deposits this year.

Mr Lenihan said a "comprehensive restructuring" of the retail banking system in the State was a key factor in the EU-IMF rescue plan agreement.

"The banking system must play its role in providing the credit to the real economy to support our recovery," he said.

The Bill also contains provisions that allow the Minister to impose terms and conditions on institutions in return for State aid, as Mr Lenihan did over payment of bonuses by AIB.

The new powers contained in the Bill are scheduled to expire at the end of December 2012.

The Bill, which will be debated in the Dáil tomorrow, is expected to be enacted by the end of the week. Draft legislation providing for a comprehensive Special Resolution Regime (SRR) that will provide a framework for winding down lenders in the future will be introduced to the Dáil before the end of February.

 

[Cat XL]

Ciao a Tutti/e!

Qualcuno conosce questa?
XS0264261974
BCM IRELAND FINANCE LTD RegS 6.093 08/15/2016

Da starne alla larga?

Ne abbiamo parlato in post precedenti. Io ho anche postato una pagina di bloomberg conn il grafico. E' una situazione complessa e tutto dipende dalla tua propensione al rischio. A questi prezzi (intorno a 30 o poco piu') potrebbe valerne la pena secondo me.

 

[qquebec]

il fatto è che dopo la nuova legge(approvata qualche giono dopo l'articolo qui sotto) lo stato ha il potere di imporre perdite ai creditori delle banche che hanno ricevuto aiuti pubblici.e ieri hanno vinto i partiti decisi a metterla in pratica .la palla è in mano al governo più che alle banche.


Subordinated bondholders in Irish banks face the prospect of sharing the burden of loan losses under new legislation that will come before the Dáil tomorrow.

The Credit Institutions (Stabilisation) Bill published by Minister for Finance Brian Lenihan this afternoon, will enshrine into law recommendations on the Irish banking system outlined in the Irish International Monetary Fund/EU memorandum of understanding.

As part of an €85 billion rescue plan, the State has agreed to reduce the size of the Irish bank sector in a bid to prevent future loan losses tipping the economy over the edge and damaging the wider euro-zone. Some €35 billion of the fund is being used to bail out the banking system, with €10 billion being injected up front and the remaining €25 billion left in a contingency fund in case of future bank losses.

Under the proposed legislation, the Minister, in consultation with the governor of the Central Bank, will have additional powers. These includes the ability to make subordinated liabilities orders in certain cases to achieve "appropriate burden sharing" by subordinated creditors in institutions that have received State support.

AIB, Bank of Ireland, Anglo Irish Bank, EBS and Irish Nationwide Building Society have all received funding from the Government, with more than €35 billion already injected into or commited to the lenders.

The Minister will also have the power to appoint a special manager to such a bank "in limited and exceptional circumstances".

It also gives the Minister powers to transfer some institutions’ assets and liabilities to facilitate the restructuring of the sector, and will enable the Government to inject part of the capital required by AIB before the end of the year.

Although the Central Bank imposed new capital core tier 1 ratios of 12 per cent for Irish banks, it said it wanted AIB to maintain a ratio of 14 per cent to cover future loan losses. The bank must raise almost €10 billion in additional capital and as a result, the State is expected to take a stake of more than 90 per cent in the bank.

Up until last month, AIB, Bank of Ireland and Anglo Irish Bank had lost more than €35 billion in deposits this year.

Mr Lenihan said a "comprehensive restructuring" of the retail banking system in the State was a key factor in the EU-IMF rescue plan agreement.

"The banking system must play its role in providing the credit to the real economy to support our recovery," he said.

The Bill also contains provisions that allow the Minister to impose terms and conditions on institutions in return for State aid, as Mr Lenihan did over payment of bonuses by AIB.

The new powers contained in the Bill are scheduled to expire at the end of December 2012.

The Bill, which will be debated in the Dáil tomorrow, is expected to be enacted by the end of the week. Draft legislation providing for a comprehensive Special Resolution Regime (SRR) that will provide a framework for winding down lenders in the future will be introduced to the Dáil before the end of February.

Recentemente hanno detto che il nuovo governo intende rinegoziare gli interessi sui prestiti da 85 mld ottenuti dalla UE in cambio di qualcosa di non ben definito. Non vorrei che questo qualcosa fosse un ulteriore sacrificio per le banche.
The political party most likely to win the largest number of seats in Ireland’s General Election held last Friday is expected to approach the European Union almost immediately to renegotiate the terms of the €85bn international funding pledged last November.

 

[nik.sala]

il fatto è che dopo la nuova legge(approvata qualche giono dopo l'articolo qui sotto) lo stato ha il potere di imporre perdite ai creditori delle banche che hanno ricevuto aiuti pubblici.e ieri hanno vinto i partiti decisi a metterla in pratica .la palla è in mano al governo più che alle banche.


Subordinated bondholders in Irish banks face the prospect of sharing the burden of loan losses under new legislation that will come before the Dáil tomorrow.

The Credit Institutions (Stabilisation) Bill published by Minister for Finance Brian Lenihan this afternoon, will enshrine into law recommendations on the Irish banking system outlined in the Irish International Monetary Fund/EU memorandum of understanding.

As part of an €85 billion rescue plan, the State has agreed to reduce the size of the Irish bank sector in a bid to prevent future loan losses tipping the economy over the edge and damaging the wider euro-zone. Some €35 billion of the fund is being used to bail out the banking system, with €10 billion being injected up front and the remaining €25 billion left in a contingency fund in case of future bank losses.

Under the proposed legislation, the Minister, in consultation with the governor of the Central Bank, will have additional powers. These includes the ability to make subordinated liabilities orders in certain cases to achieve "appropriate burden sharing" by subordinated creditors in institutions that have received State support.

AIB, Bank of Ireland, Anglo Irish Bank, EBS and Irish Nationwide Building Society have all received funding from the Government, with more than €35 billion already injected into or commited to the lenders.

The Minister will also have the power to appoint a special manager to such a bank "in limited and exceptional circumstances".

It also gives the Minister powers to transfer some institutions’ assets and liabilities to facilitate the restructuring of the sector, and will enable the Government to inject part of the capital required by AIB before the end of the year.

Although the Central Bank imposed new capital core tier 1 ratios of 12 per cent for Irish banks, it said it wanted AIB to maintain a ratio of 14 per cent to cover future loan losses. The bank must raise almost €10 billion in additional capital and as a result, the State is expected to take a stake of more than 90 per cent in the bank.

Up until last month, AIB, Bank of Ireland and Anglo Irish Bank had lost more than €35 billion in deposits this year.

Mr Lenihan said a "comprehensive restructuring" of the retail banking system in the State was a key factor in the EU-IMF rescue plan agreement.

"The banking system must play its role in providing the credit to the real economy to support our recovery," he said.

The Bill also contains provisions that allow the Minister to impose terms and conditions on institutions in return for State aid, as Mr Lenihan did over payment of bonuses by AIB.

The new powers contained in the Bill are scheduled to expire at the end of December 2012.

The Bill, which will be debated in the Dáil tomorrow, is expected to be enacted by the end of the week. Draft legislation providing for a comprehensive Special Resolution Regime (SRR) that will provide a framework for winding down lenders in the future will be introduced to the Dáil before the end of February.

certo fabrizio, il rischio sui sub irlandesi è grande.
C'è da dire che, se tagliano su BOI, vuol dire che sulle altre banche è stata fatta piazza pulita...

 

[fabriziof]

certo fabrizio, il rischio sui sub irlandesi è grande.
C'è da dire che, se tagliano su BOI, vuol dire che sulle altre banche è stata fatta piazza pulita...

te lo ricordi che io ho allied 12,5 presa 2 mesi fa a 29?su boi il mercato percepisce meno rischio però l'incertezza è grande.quello cui accenna quebec nel post precedente è la minaccia fatta dai partiti in campagna elettorale di andare a toccare oltre ai subordinati anche i senior bancari.stiamo a vedere.

 

[Zorba]

te lo ricordi che io ho allied 12,5 presa 2 mesi fa a 29?su boi il mercato percepisce meno rischio però l'incertezza è grande.quello cui accenna quebec nel post precedente è la minaccia fatta dai partiti in campagna elettorale di andare a toccare oltre ai subordinati anche i senior bancari.stiamo a vedere.

I partiti erano partiti in 5^ con il write off sui bond bancari, poi hanno fatto un po' marcia indietro. Gli ultimi articoli erano nel senso che i malefici sarebbero stati superiori ai benefici. Lo stesso Fine Gael ha modificato il proprio manisfesto su questo punto, ammorbidendo la posizione.

La tensione rimane cmq alta.