Attenzione a questa Rabo , nel caso si verifichi il Trigger event il rimborso al 25% non e' alla scadenza ma immediato.
Si rischia quindi di riprendere il 25% del capitale e di non vedere nemmeno le cedole
Ci vuole fiducia incondizionata in Rabobank per prendere questo titolo
Indipendentemente da come la tasseranno questa (a mio parere ovviamente) non e' una obbligazione ma un titolo atipico e quindi andrebbe anche tassata al 27%. ( non c'e' diritto a riavere il 100% del capitale)
Provided a notice of redemption pursuant to Condition 7(b) has not previously been given and an Event of
Default has not occurred (or if one has occurred, provided it has been remedied prior to the Subsequent
Trigger Test Date (as defined below)), if on any date during the period from (and including) the Issue Date to
(but excluding) the date 25 Business Days prior to the Maturity Date the Equity Capital Ratio is less than 7
per cent. and the Issuer delivers to the Fiscal Agent a certificate of that fact, and 20 Business Days after
notifying the Holders of the Equity Capital Ratio being less than 7 per cent. (such date a “Subsequent Trigger
Test Date”), the Equity Capital Ratio is less than 7 per cent. and the Issuer delivers to the Fiscal Agent a
certificate of that fact, the principal amount of all of the
Senior Contingent Notes will be automatically and
permanently reduced to 25 per cent. of their original principal amount and three Business Days later, all of the
Senior Contingent Notes will be redeemed at their Write Down Redemption Price (being 25 per cent. of the
original principal amount together with accrued interest). A failure to pay the Write Down Redemption Price
on the Write Down Redemption Date shall only entitle Holders to take action to enforce payment of the Write
Down Redemption Price following the second Business Day after the Write Down Redemption Date.
ci vuole un pazzo per investire su questo titolo.
