Progetto Martingala Obbligazionaria BY RUSSIABOND VOLUME : 5....il seguito

aggiornamento parte coperta in USD


usd.PNG
 
russiabond ha scritto:
LEVA USD 2.600.000 al tasso 5,18%

Euro 4.750.000 area 4,80%

Totale LEVA 7.100.000 euro



Al netto di tutti gli ultimi movimenti
AXA, SAXO,La Mondiale.



CEDOLOMETRO netto

annui
1.395.000 euri



mese
116.250 euri



giornalieri
3.875 euri


Portafoglio LORDO
24.650.000 euro



portafoglio netto leva area

17.550.000 euro
Rendimento con TURBOLEVA sul capitale 7,94 % netto



Fotografia a Giovedi - Venerdi settimana scorsa ....oggi ho preso una limata

causa spread allargati ....e illiquidità bid controparti ...


vedremo prossime settimane
Clicca per allargare...


LEVA USD 2.600.000 al tasso 5,18%

Euro 4.100.000 area 4,82%
Totale LEVA 6.500.000 euro



Al netto degli gli ultimi movimenti.



CEDOLOMETRO netto

annui
1.392.000 euri



mese
116.000 euri



giornalieri
3.866 euri


Portafoglio LORDO
24.280.000 euro



portafoglio netto leva area

17.780.000 euro




Rendimento con TURBOLEVA sul capitale 7,829 % netto


 
Forum di FinanzaOnLine
russiabond


​

BAWAG Group Bank (Austria) Perpetua 7,25% ISIN XS2819840120 200 k Rating BB+ ced. Semestr​

€€€ BAWAG Group EUR500m (WNG) PerpNC5.5 AT1: IPTs 7.500% area €€€

Issuer BAWAG Group AG (the "Issuer")
Legal Entity Identifier 529900S9YO2JHTIIDG38
Offered Securities EUR 500m Undated Non-cumulative Fixed to Reset Rate Additional Tier 1 Notes of 2024
Issuer Rating BAWAG Group's operating subsidiary BAWAG P.S.K.: Moody’s: A1 (Stable)
Expected Issue Rating Ba1 (Moody's)
Status The Notes shall qualify as AT1 Instruments and constitute direct, unsecured and subordinated obligations of the Issuer.In the event of resolution measures being imposed on the Issuer and in the event of ordinary insolvency proceedings (reguläres Insolvenzverfahren), including bankruptcy proceedings (Konkursverfahren), or the liquidation of the Issuer, the obligations of the Issuer under the Notes will rank:junior to all present or future (i) unsubordinated instruments or obligations of the Issuer; (ii) obligations resulting from Tier 2 Items and instruments or obligations of the Issuer, if any, which rank pari passu with or senior to obligations resulting from Tier 2 Items; (iii) instruments or obligations of the Issuer that do not result from own funds items of the Issuer; and (iv) other instruments or obligations of the Issuer, if any, ranking subordinated to any unsubordinated instruments or obligations of the Issuer (other than instruments or obligations ranking pari passu with or subordinated to the Notes as referred to in (b) and (c) below);pari passu (i) among themselves; and (ii) with all other present or future obligations resulting from AT1 Items; andsenior to all present or future (i) ordinary shares of the Issuer and any obligations resulting from other CET1 Items; and (ii) other subordinated instruments or obligations of the Issuer ranking or expressed to rank pari passu with the ordinary shares of the Issuer and any obligations resulting from other CET1 Items
Offering Size EUR 500m
Settlement Date 18 September 2024 (T+6)
Reset Date 18 March 2030 (the “First Reset Date”) and each fifth (5th) anniversary thereof for as long as the Notes remain outstanding
IPTs 7.500%
Day Count Fraction ACT/ACT (ICMA), Following Unadjusted
Ultimate fallback rate (§ 3(4)(c)(i) and § 3(4)(d) [●] per cent. per annum
Payment Business Day T2 and Clearing Systems

Distributions Subject to the cancellation of distribution payments in accordance with the Terms and Conditions, the Notes shall bear distributions on the Current Principal Amount at the First Rate of Distributions from and including 18 September 2024 (the "Distribution Commencement Date") to but excluding the First Reset Date and thereafter at the relevant Reset Rate of Distributions.The rate of distributions for each Reset Period (each a "Reset Rate of Distributions") shall be the sum of: (x) the Reference Rate (being the 5-year Euro Mid Swap Rate, subject to fallback provisions as further described in the Terms and Conditions), provided that a rate that is not expressed on a semi-annual basis shall be converted to a semi-annual basis in a commercially reasonable manner; and (y) the Margin of [●] bps, subject to a minimum of 0.00 per cent. per annum."Reset Period" means the period from and including a Reset Date to but excluding the next following Reset Date.Distributions will be scheduled to be paid semi-annually in arrear on 18 March and 18 September in each year (each such date, a "Distribution Payment Date"), commencing on 18 March 2025
No set-off Claims of the Issuer are not permitted to be set-off or netted against payment obligations of the Issuer under the Notes. No collateral may be provided by the Issuer or any third person for the liabilities constituted by the Notes
Discretionary Cancellation of Distributions The Issuer, at its full discretion, may at all times cancel, in whole or in part, any payment of distributions on the Notes scheduled to be paid on any Distribution Payment Date for an unlimited period and on a non-cumulative basis
Mandatory Cancellation of Distributions Any payment of distributions scheduled to be paid on the Notes on any Distribution Payment Date shall be cancelled mandatorily and automatically, in whole or in part, (i) if the Issuer is insolvent or the payment of the relevant amount would result in the insolvency of the Issuer; or (ii) upon the Issuer having insufficient Distributable Items, (iii) as required by the Competent Authority, or (iv) if a restriction to make a distribution is imposed by the Applicable Supervisory Regulations or by the Competent Authority (or any other relevant authority), including in connection with the Maximum Distributable Amount.If a Write-Down occurs during any Distribution Period, unpaid distributions accrued on the Current Principal Amount to but excluding the Write-Down Effective Date will be cancelled mandatorily and automatically in full
Maximum Distributable Amount Any maximum distributable amount (maximal ausschüttungsfähiger Betrag) relating to the Issuer and/or the BAWAG Regulatory Group, as the case may be, that may be required to be calculated in accordance with (i) § 24(2) BWG (implementing Article 141(2) CRD in Austria) as amended or replaced from time to time, or (ii) any successor provision thereto
BAWAG Regulatory Group From time to time, any banking group: (i) to which the Issuer belongs; and (ii) to which the own funds requirements pursuant to the Applicable Supervisory Regulations apply on a consolidated basis due to prudential consolidation
Write-Down If, at any time, it is determined that a Trigger Event has occurred, the Issuer will reduce the then prevailing Current Principal Amount of each Note by the relevant Write-Down AmountAny Write-Down of the Current Principal Amount of a Note shall not constitute a default by the Issuer for any purpose, and the Holders shall have no right to claim for amounts Written Down, whether in the insolvency or liquidation of the Issuer or otherwise, save to the extent (if any) such amounts are subject to a Write-Up
 
Regulatory Event A "Regulatory Event" occurs if there is a change in the regulatory classification of the Notes under the Applicable Supervisory Regulations that would be likely to result in their exclusion in full or in part from own funds (other than as a consequence of a Write-Down and/or a write-down of the obligations of the Issuer under the Notes or conversion of the Notes by the Resolution Authority) or reclassification in full or in part as a lower quality form of own funds on a consolidated basis of the BAWAG Regulatory Group
Format Reg S Bearer Notes, Classical Global Note
Listing Luxembourg Stock Exchange, Regulated Market
Denomination EUR 200,000 x 200,000
Governing Law German law, except for status provisions governed by Austrian Law
Use of Proceeds The Issuer intends to use the proceeds from the sale of the Notes to strengthen BAWAG Regulatory Group's regulatory capital base
Documentation Preliminary Prospectus dated 9 September 2024 and Final Prospectus, expected to be dated 16 September 2024
Clearing Euroclear / Clearstream
ISIN / Common Code ISIN: XS2819840120, Common Code: 281984012, WKN: A3LYV6
Target Market Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only. No EU or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
Selling Restrictions Per the Prospectus, including but not limited to the United States of America, the EEA, the UK, Italy, Switzerland, Canada (excl. Ontario), Hong Kong and Singapore
Advertisement This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Prospectus, when published, will be available at: https://www.luxse.com/issuer/BawagGroup/88329
Global Coordinator UBS Investment Bank
Joint Active Bookrunners Citi, Jefferies, JP Morgan, Morgan Stanley, UBS Investment Bank
 
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