solovaloreaggiunto
Forumer storico
sul NO:
per me LME riuscitissimo
hai capito male il 73,4% si riferisce a quanto hanno raggiunto rispetto al target
quindi manca un 26,6% al target
credo cmq anche io che lone star alla fine accetti
No scusa leggi quà
Novo Banco garante 73,4% da dívida na oferta de recompra
Sembra che sia come ho capito io
rileggi te che hai capito male
Dice 73,4% dell'obiettivo ... e poi dice che l'obiettivo era il 75%
Poco chiaro, e la differenza tra le due interpretazioni non é poca.
NOVBNC just published the results of the Adjourned meetings on 12 ISINs. 7 ISINs (maturity from 2019-2022) have accepted the resolution measures which represent an additional c.€1.7bn of participation in LME. This goes on top of the c.€2.3bn that were accepted in the First meetings, for a total of c.€4bn. Overall, the bank said it has commitment for €4.6bn (55% of total bonds) while the offer expires on 2 October 6pm.
Our view : We continue to believe that the €6.3bn target of participation will be challenging to achieve and €4.6/5bn participation is more realistic. €4.6/5bn participation would represent c.55/60% of total bonds which should be enough to waive the participation threshold and approve the sale.
Implications for bonds: We expect bonds which rejected the Resolution measures to continue to trade higher while the short dated bonds that have approved the Resolution measures should remain relatively unchanged.