Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (5 lettori)
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- additional tier 1 bail in basilea 3 coco bonds crd iv genussscheine grandfathering hybrid bond loss absorption lower tier 2 make whole amount matusalem bond obbligazioni irredimibili obbligazioni perpetue obbligazioni subordinate perpetual bond preference shares restricted tier 1 tier 1 upper tier 2
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Mais78
BAWAG fan club
isin DE000A0DYW70
prima della chiusura mi hanno riferito di quotazione in rialzo
55 bid e 58 ask
si sta cominciando a muovere !!
vero
Topgun1976
Guest
Topgun1976
Guest
Cè il suo perchè stà Salendo
Il cul de SacPs Bos Ma non ti piange il cuore quando Leggi Capital Gain??A me si....
solenoide
Forumer storico
Bank of Ireland
Ciao,
vi e' scappata la notizia? a me e' scappato il coraggio , mi sto ritirando dai perpetual
http://www.investireoggi.it/forum/1299163-post36.html
The Governor and Company of the Bank of Ireland
Discretionary Coupon Payments
19 January 2010
The EU Commission has indicated that, in line with its policy and pending its assessment of
the Bank’s restructuring plan (which is required in compliance with State aid rules), that the
Bank should not make coupon payments on its Tier 1 and Upper Tier 2 capital instruments
unless under a binding legal obligation to do so.
From the Commission’s perspective, this restriction on banks which are subject to
restructuring plans is intended to prevent the reduction of own funds by financial institutions
which are still reliant on State aid to fulfil regulatory capital requirements.
In this context the Bank announces that under the terms of the BOI Capital Funding (No.2)
LP US$800m Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual
Preferred Securities (“LP2 Securities”) and the BOI Capital Funding (No.3) LP US$400m
Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred
Securities (“LP3 Securities”) which both have the benefit of subordinated guarantees from the
Bank that the non-cumulative distribution on these securities, which would otherwise have
been payable on 1 February and 4 February 2010 respectively will not now be paid. The
decision is entirely without prejudice to all of the Bank’s ongoing discussions with the
Commission and its entitlements under the State aid rules and relevant EU Treaties.
The effect of this decision by the Bank will be to trigger the “Dividend Stopper” provisions of
the LP 2 Securities and LP 3 Securities. While these “Dividend Stoppers” remain in force, the
Bank will be precluded, for a period of one calendar year from and including 1 and 4
February 2010 respectively, from declaring and paying any distribution or dividend on its
“Junior Share Capital” and on any “Parity Security”, which currently comprises the Bank’s
ordinary capital stock (“the Ordinary Stock”), the outstanding non-cumulative Euro and
Sterling Preference Stock (currently 3,026,598 units of €1.27 and 1,876,090 units of £1.00),
the Bank of Ireland UK Holdings plc €600m 7.4% Guaranteed Step-up Callable Perpetual
Preferred Securities, the Bank of Ireland UK Holdings plc Stg£350m 6.25% Guaranteed
Callable Perpetual Preferred Securities, the BOI Capital Funding (No.1) LP €600m Fixed
Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities
and the BOI Capital Funding (No.4) LP £500m Fixed Rate/Variable Rate Guaranteed Non-
voting Non-cumulative Perpetual Preferred Securities and the Irish Government €3.5bn
preference stock (“the 2009 Preference Stock”) issued to the National Pensions Reserve Fund
Commission of Ireland (“NPRFC”).
In accordance with the terms of the 2009 Preference Stock, the NPRFC would become
entitled to be issued, on February 20, 2010 or on a date in the future, a number of units of
Bank of Ireland Ordinary Stock (based on the average trading price of Ordinary Stock in the
30 trading days prior to February 20, 2010, assuming the Ordinary Stock was settled on that
date) related to the cash amount of the dividend that would otherwise have been payable
(€250m), should there be no change in these circumstances. The Bank is, however in ongoing
discussions with the Department of Finance and the EC on this and other related matters as
part of our overall engagement on the Bank’s restructuring plan and accordingly, this
outcome is not certain.
The Bank recognises that a longer period where there is non payment of coupons is
unfavourable from the perspective of the holders of the impacted securities. In recognition of
this the Bank is examining the merits of further liability management subject to regulatory
and other approvals.
Ends.
Ciao,
vi e' scappata la notizia? a me e' scappato il coraggio , mi sto ritirando dai perpetual
http://www.investireoggi.it/forum/1299163-post36.html
The Governor and Company of the Bank of Ireland
Discretionary Coupon Payments
19 January 2010
The EU Commission has indicated that, in line with its policy and pending its assessment of
the Bank’s restructuring plan (which is required in compliance with State aid rules), that the
Bank should not make coupon payments on its Tier 1 and Upper Tier 2 capital instruments
unless under a binding legal obligation to do so.
From the Commission’s perspective, this restriction on banks which are subject to
restructuring plans is intended to prevent the reduction of own funds by financial institutions
which are still reliant on State aid to fulfil regulatory capital requirements.
In this context the Bank announces that under the terms of the BOI Capital Funding (No.2)
LP US$800m Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual
Preferred Securities (“LP2 Securities”) and the BOI Capital Funding (No.3) LP US$400m
Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred
Securities (“LP3 Securities”) which both have the benefit of subordinated guarantees from the
Bank that the non-cumulative distribution on these securities, which would otherwise have
been payable on 1 February and 4 February 2010 respectively will not now be paid. The
decision is entirely without prejudice to all of the Bank’s ongoing discussions with the
Commission and its entitlements under the State aid rules and relevant EU Treaties.
The effect of this decision by the Bank will be to trigger the “Dividend Stopper” provisions of
the LP 2 Securities and LP 3 Securities. While these “Dividend Stoppers” remain in force, the
Bank will be precluded, for a period of one calendar year from and including 1 and 4
February 2010 respectively, from declaring and paying any distribution or dividend on its
“Junior Share Capital” and on any “Parity Security”, which currently comprises the Bank’s
ordinary capital stock (“the Ordinary Stock”), the outstanding non-cumulative Euro and
Sterling Preference Stock (currently 3,026,598 units of €1.27 and 1,876,090 units of £1.00),
the Bank of Ireland UK Holdings plc €600m 7.4% Guaranteed Step-up Callable Perpetual
Preferred Securities, the Bank of Ireland UK Holdings plc Stg£350m 6.25% Guaranteed
Callable Perpetual Preferred Securities, the BOI Capital Funding (No.1) LP €600m Fixed
Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities
and the BOI Capital Funding (No.4) LP £500m Fixed Rate/Variable Rate Guaranteed Non-
voting Non-cumulative Perpetual Preferred Securities and the Irish Government €3.5bn
preference stock (“the 2009 Preference Stock”) issued to the National Pensions Reserve Fund
Commission of Ireland (“NPRFC”).
In accordance with the terms of the 2009 Preference Stock, the NPRFC would become
entitled to be issued, on February 20, 2010 or on a date in the future, a number of units of
Bank of Ireland Ordinary Stock (based on the average trading price of Ordinary Stock in the
30 trading days prior to February 20, 2010, assuming the Ordinary Stock was settled on that
date) related to the cash amount of the dividend that would otherwise have been payable
(€250m), should there be no change in these circumstances. The Bank is, however in ongoing
discussions with the Department of Finance and the EC on this and other related matters as
part of our overall engagement on the Bank’s restructuring plan and accordingly, this
outcome is not certain.
The Bank recognises that a longer period where there is non payment of coupons is
unfavourable from the perspective of the holders of the impacted securities. In recognition of
this the Bank is examining the merits of further liability management subject to regulatory
and other approvals.
Ends.
Zorba
Bos 4 Mod
Ciao,
vi e' scappata la notizia? a me e' scappato il coraggio , mi sto ritirando dai perpetual
E' ancora presto per battere in ritirata
Zorba
Bos 4 Mod
Cè il suo perchè stà Salendo
Ps Bos Ma non ti piange il cuore quando Leggi Capital Gain??A me si....
fan.culo, è da luglio che pago tasse sui kgain... mi fa girare veramente le
Topgun1976
Guest
Quindi non pagheranno Il Coupon sulla Boi Cumulativa,Quindi si sommerà a quello successivo con Interesse aggiuntivo del 2%...
Mi ricordavo ci fosse pure un pagamento in Azioni......ma li si fà riferimento alle Pref Shares dello stato e non di quella Cumulativa.
http://seekingalpha.com/article/183227-bank-of-ireland-dividend-stopper-kicks-in-is-rbs-next
Mi ricordavo ci fosse pure un pagamento in Azioni......ma li si fà riferimento alle Pref Shares dello stato e non di quella Cumulativa.
http://seekingalpha.com/article/183227-bank-of-ireland-dividend-stopper-kicks-in-is-rbs-next
Ultima modifica di un moderatore:
porchetto
la casa non fallisce
mi dici a parte la velocità di salita il vantaggio dello switch ceh hai fatto a parte che bpvn non è cumulativa ma ha un rendimento del cash molto elevato non ho trovato nulla di paragonabile qualitativamente che rende di più
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