Mais78
BAWAG fan club
Ciao,
sul XS0364497643 non so cosa dirti non trovo il prospetto .
Il XS0255242769 ha il prospetto sul sito HBOS
http://www.lloydsbankinggroup.com/m..._HBOS_T1_OC_XS0255242769_Euro750m_4.939pc.pdf
Qui ci sono parecchi prospetti :
http://www.lloydsbankinggroup.com/investors/debt_investors/capital_issuance.asp#tier1
Da una rapidissima lettura mi pare che non abbia clausole di loss absorption ma e' non - cumulative quindi la cedola skippata e' persa.
La cedola e' sempre pagata ad assoluta discrezione del General Partner ovvero HBOS Capital Funding (Jersey) Limited , l'obbligo di pagamento scatta solo in caso di Capital Disqualification Event .
Non ho letto le altre clausole.
“Capital Disqualification Event” shall be deemed to have occurred if (a) the Preferred Securities
would not be eligible to qualify (save where such non-qualification is only as a result of any applicable
limitation on the amount of such capital) as regulatory capital resources for HBOS under Applicable
Regulatory Capital Requirements and (b) the FSA has confirmed to HBOS that the Preferred
Securities would not be eligible to qualify as regulatory capital resources for HBOS;
Distributions on the Preferred Securities will be payable at the sole
discretion of the General Partner out of the Issuer’s own legally
available resources on each Distribution Payment Date.
Notwithstanding the above, on any Distribution Payment Date with
respect to which (i) a Capital Disqualification Event has occurred and
is continuing and (ii) HBOS is in compliance with its Applicable
Regulatory Capital Requirements, the Issuer shall be obliged to pay
the Distribution Payment on such Distribution Payment Date and
neither the Issuer nor HBOS may exercise its discretion to not pay a
Distribution Payment.
In realta' dice anche che sono obbligati a pagare a meno che siano sotto il capitale di sorveglianza