Obbligazioni societarie La saga della famiglia Espírito Santo: cosa succederà alle obbligazioni BES ed ESFG?

Portugal Wants Novo Banco Sale to Be Quick, Not Hasty

*PORTUGAL SAYS THERE ARE PARTIES INTERESTED IN NOVO BANCO
*PORTUGAL SAYS THERE ARE PARTIES INTERESTED IN NOVO BANCO
*FINANCE MINISTER MARIA LUIS ALBUQUERQUE SPEAKS IN PARLIAMENT
*PORTUGAL SAYS NOVO BANCO SALE SHOULD BE QUICK, NOT HASTY

Novo Banco, the bank that emerged
from the breakup of Banco Espirito Santo, should be sold “in
the shortest time possible with the best, competitive
conditions,” Finance Minister Maria Luis Albuquerque says in
parliament.
* “Rapidly doesn’t mean in a hurry or cheaply,” Albuquerque
says

 
L'articolo è interessante non tanto per la conferma che Santander esaminerà il dossier Novo Banco, ma perchè ci dice che il lavoro dell'auditor non è ancora terminato:

Presidente do Santander Totta diz não ser possível estudar uma eventual aquisição do Novo Banco até serem conhecidos os resultados da autoria em curso.
"Claro que estamos com atenção, até porque parte do dinheiro que está no fundo de resolução (do BES) é nosso, e parte da responsabilidade perante o Estado também é nossa", afirmou Vieira Monteiro, presidente do Santander Totta.
Comentando a notícia do jornal espanhol Confidencial que avançava que o Santander seria o banco espanhol mais interessado na compra do "Novo Banco", Vieira Monteiro afirmou que não podem estar a estudar o dossiê porque "ainda estamos à espera das contas auditadas da instituição e não é possível estar a fazer estudos sem ter esses elementos".
Vieira Monteiro afirma que o Santander "acompanha de perto a evolução da situação mas estamos muito contentes com a operação que temos em Portugal".
Estas declarações foram feitas no final da sessão de assinatura de um protocolo do Santander com as instituições de ensino superior que vai financiar com 2,5 milhões cerca de 1500 estágios para estudantes finalistas de mestrado e licenciatura.
O banco irá investir esta verba nos próximos três anos em bolsas de estágios de três meses que deverão ser realizados em PME portuguesas. Cada estudante receberá uma bolsa de 1.650 euros, cerca de 550 euros por mês. Já este ano irão ser atribuídas cerca de 500 bolsas.
 
Oct 8 (Reuters) - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, has enough capital set aside to cover a 3 billion euro ($3.8 billion) loan exposure to its bank in Angola, Bank of Portugal governor Carlos Costa said.
Costa was speaking on Wednesday during a hearing in parliament on Banco Espirito Santo, Portugal's largest listed lender which had to be rescued in August under the weight of the huge debts of its founding Espirito Santo family.
Novo Banco was carved out as the 'good bank' in the 4.9 billion euro rescue, while Banco Espirito Santo, or the 'bad bank' was left with family's toxic debts.
BES Angola (BESA), the Angolan unit of BES which went to Novo Banco in the split, has been taken over by Angola's central bank.
"Novo Banco has a 100 percent provision on its exposure (to BESA), which means that Novo Banco's balance sheet, which will be presented, carries no risk from BESA," Costa said.
He said there is even a potential 'upside' from the provision through a partial recovery of the Angolan loans.
The exposure to its Angolan unit was one of the problems that pushed Banco Espirito Santo to nearly collapse.
Portugal's government has said it wants to sell Novo Banco as soon as possible to recover the funds it used to finance the bank resolution fund that was used to rescue BES.
Costa said the bank resolution fund has a two-year time horizon.
"The Bank of Portugal's objective is to sell the position as soon as it is feasible," he said. "What is feasible depends on the question of creating value over time, knowing that we have a deadline resulting from the law (two years)."
The Bank of Portugal has hired BNP Paribas to help it find potential buyers for Novo Banco.
Finance Minister Maria Luis Albuquerque told the same parliamentary hearing that Novo Banco will be sold, "ensuring a competitive sale that maximizes value".
"There is a time line of two years to carry out the sale, but I believe there exist the conditions to sell long before that," she said.
"As far as I am aware ... there have been indications of interest by various institutions.
 
luperf ha scritto:
Oct 8 (Reuters) - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, has enough capital set aside to cover a 3 billion euro ($3.8 billion) loan exposure to its bank in Angola, Bank of Portugal governor Carlos Costa said.
Costa was speaking on Wednesday during a hearing in parliament on Banco Espirito Santo, Portugal's largest listed lender which had to be rescued in August under the weight of the huge debts of its founding Espirito Santo family.
Novo Banco was carved out as the 'good bank' in the 4.9 billion euro rescue, while Banco Espirito Santo, or the 'bad bank' was left with family's toxic debts.
BES Angola (BESA), the Angolan unit of BES which went to Novo Banco in the split, has been taken over by Angola's central bank.
"Novo Banco has a 100 percent provision on its exposure (to BESA), which means that Novo Banco's balance sheet, which will be presented, carries no risk from BESA," Costa said.
He said there is even a potential 'upside' from the provision through a partial recovery of the Angolan loans.
The exposure to its Angolan unit was one of the problems that pushed Banco Espirito Santo to nearly collapse.
Portugal's government has said it wants to sell Novo Banco as soon as possible to recover the funds it used to finance the bank resolution fund that was used to rescue BES.
Costa said the bank resolution fund has a two-year time horizon.
"The Bank of Portugal's objective is to sell the position as soon as it is feasible," he said. "What is feasible depends on the question of creating value over time, knowing that we have a deadline resulting from the law (two years)."
The Bank of Portugal has hired BNP Paribas to help it find potential buyers for Novo Banco.
Finance Minister Maria Luis Albuquerque told the same parliamentary hearing that Novo Banco will be sold, "ensuring a competitive sale that maximizes value".
"There is a time line of two years to carry out the sale, but I believe there exist the conditions to sell long before that," she said.
"As far as I am aware ... there have been indications of interest by various institutions.
Clicca per allargare...

La parte che ho grassettato conferma quanto ho postato ieri.

Direi che è molto tranquillizzante vederla confermata nel corso dell'audizione parlamentare.
 
pc
oggi sulle borse tedesche ci sono stati diversi acquisti sulla 721 ca. 160k a prezzi +o- 80,5 i prezzi sono in leggera crescita bid-ask ca.78-81
 
Dandst ha scritto:
scusate ... qualcuno è in grado di spiegarmi il motivo di una quotazione che mi pare bassina?
:bow:
Clicca per allargare...

Proviamo a enumerare i fattori che contribuiscono a tenerla "bassina":

*trauma del bail-in
*il Portogallo ha i suoi problemi: non è, per intenderci, l'Olanda
*la gestione di Carlos Costa è stata carente
*vi sono stati casi evidenti di malversazioni
*lo stato patrimoniale di Novo Banco non è ancora stato certificato
*non ci sono stati (perchè non era possibile ve ne fossero...) gesti concreti di interesse da parte di possibili acquirenti
*l'intera economia europea soffre una fase di stanca
*siamo nel mezzo di AQR/Stress test da parte della BCE, con tutta l'incertezza che regna in situazioni come questa
*........

Personalmente, anche se il calo di queste settimane mi ha un po' sorpreso, non ho mai pensato che il titolo potesse andare in orbita nel breve periodo.

Credo che:

a)o ci si è convinti che la situazione evolverà positivamente (NB. sopra c'è l'elenco di fattori che frenano: non è difficile elencare quelli che, invece, incoraggiano...), e allora si punterà ad una salita dei corsi nell'arco dei prossimi 3-6 mesi;

b)o si nutrono dubbi sul lieto fine, e allora è consigliabile cercare delle opportunità ad altre longitudini...
 
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