NoWay
It's time to play the game
..le albe portano sfi.ga
Magari l'alba portoghese è diversa da quella delle Marche...
Obbligazioni societarie La saga della famiglia Espírito Santo: cosa succederà alle obbligazioni BES ed ESFG?
- Creatore Discussione Rottweiler
- Data di Inizio
Magari l'alba portoghese è diversa da quella delle Marche...
Checelamandibona
Forumer storico
io ogni giorno sono in margin call.....
malvi88
Forumer attivo
Ieri otc per la 000 finale mi hanno sparato bid a 30, ma sicuramente è un prezzo fasullo
Dandst
Forumer storico
di solito otc non c'è carta
a 30 ne prendo quante ne vuoi a costo di andare a fare rapine per procurarmi il vil denaro
apaci2
Ad bestias
Effettivamente è un periodo un po' così... Se poi girando per canali mi becco il film Margin Call... Il cerchio si chiude.
Continuano i trade wait & hope
Fabrib
Forumer storico
FT:
Portugal offers investors in Novo Banco compensation to quell anger - FT.com
7:42pm
Portugal offers Novo Banco compensation
Fund would be backed by national bank resolution vehicle
Portugal offers investors in Novo Banco compensation to quell anger - FT.com
7:42pm
Portugal offers Novo Banco compensation
Fund would be backed by national bank resolution vehicle
Dandst
Forumer storico
articolo a pagamento...
ma il senso l'ho letto anche da altre parti almeno penso:
Novo Banco Bondholders May Get Some Compensation, Jornal Says - Bloomberg Business
nel caso non è che puoi far un sunto?
Fabrib
Forumer storico
Da Gionmorg:
Novo Banco Bondholders May Get Some Compensation, Jornal Says
Tom Beardsworth
TBeardsworth
Joao Lima
January 20, 2016 — 11:14 AM CET
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A Portuguese bank-industry fund may pay partial compensation to senior bondholders who face losses due to the transfer of notes from Novo Banco SA, according to Jornal de Negocios.
The Resolution Fund payment would ensure that investors were no worse off than if Novo Banco’s forerunner had been liquidated rather than resolved in August 2014, the Portuguese newspaper reported, without saying where it got the information from. The Bank of Portugal has hired Deloitte LLP to assess the losses, according to the article.
The central bank moved about 2 billion euros ($2.2 billion) of senior bonds from Novo Banco to a so-called bad bank last month to help recapitalize the lender. The move will cause significant losses for bondholders, including Pacific Investment Management Co. and BlackRock Inc., and it has drawn complaints about unequal treatment.
A Bank of Portugal official declined to comment on the report. The central bank oversees the Resolution Fund and Novo Banco, which emerged from the 2014 collapse of Banco Espirito Santo SA.
Bondholders may have recovered about 47 percent of notes’ face value if Banco Espirito Santo had been liquidated in 2014, according to an estimate from JPMorgan Chase & Co. analysts led by Roberto Henriques. Bonds transferred to the bad bank last month probably have zero recovery value because the lender has no good assets, they wrote in a Jan. 14 note.
Some of the affected notes rose 1.5 cents on the euro on Wednesday to 23 cents, according to data compiled by Bloomberg. That’s the highest price for the 750 million euros of 4 percent bonds since they were moved.
Before it's here, it's on the Bloomberg Terminal.
Novo Banco Bondholders May Get Some Compensation, Jornal Says
Tom Beardsworth
TBeardsworth
Joao Lima
January 20, 2016 — 11:14 AM CET
Share on FacebookShare on Twitter
Share on Facebook
Share on Twitter
A Portuguese bank-industry fund may pay partial compensation to senior bondholders who face losses due to the transfer of notes from Novo Banco SA, according to Jornal de Negocios.
The Resolution Fund payment would ensure that investors were no worse off than if Novo Banco’s forerunner had been liquidated rather than resolved in August 2014, the Portuguese newspaper reported, without saying where it got the information from. The Bank of Portugal has hired Deloitte LLP to assess the losses, according to the article.
The central bank moved about 2 billion euros ($2.2 billion) of senior bonds from Novo Banco to a so-called bad bank last month to help recapitalize the lender. The move will cause significant losses for bondholders, including Pacific Investment Management Co. and BlackRock Inc., and it has drawn complaints about unequal treatment.
A Bank of Portugal official declined to comment on the report. The central bank oversees the Resolution Fund and Novo Banco, which emerged from the 2014 collapse of Banco Espirito Santo SA.
Bondholders may have recovered about 47 percent of notes’ face value if Banco Espirito Santo had been liquidated in 2014, according to an estimate from JPMorgan Chase & Co. analysts led by Roberto Henriques. Bonds transferred to the bad bank last month probably have zero recovery value because the lender has no good assets, they wrote in a Jan. 14 note.
Some of the affected notes rose 1.5 cents on the euro on Wednesday to 23 cents, according to data compiled by Bloomberg. That’s the highest price for the 750 million euros of 4 percent bonds since they were moved.
Before it's here, it's on the Bloomberg Terminal.
wallner
Gold Standard
quello che mi ha colpito è che se il BES fosse stato liquidato nel 2014 i Senior avrebbero recuperato il 47% (e per questo Pimco e BlackRock si lamentano).
Adesso la 2035 721 è a 66.15, non è poi così lontano.
IL Bail In ha dimostrato di essere una cag....ta pazzesca, non funziona e crea solo confusione. Un altro successo dell'Europa (come la Grecia... Monti dixit).