ferdo
Utente Senior
Eurohypo AG Gen.Sch.E.556838 03/31.12.2013 (Aktien, Börse, Zertifikate, Wirtschaft, Nachrichten)
Commerzbank and its subsidiaries, as agreed upon with the EU Commission, are not allowed to dissolve reserves in order to pay hybrid coupons if they are loss-making in FYs 2009 and 2010. However, it may dissolve reserves in order to avoid nominal value haircuts; Commerzbank officially confirmed in writing that it will do everything possible to avoid nominal value haircuts (which could be changed in a worst-case scenario, of course). Hence, if Commerzbank were to incur a loss in the mentioned years, no coupons are to be paid on deep subs, including SoFFin, Allianz' silent participation, ex-DRSDNR HT1 (Allianz' guarantee would kick in, see below), and UT2s issued by Commerzbank and the former Dresdner. They same is true for Eurohypo and Deutsche Schiffsbank.
Ovvero in caso di perdite queste possono essere assorbite dalle riserve patrimoniali anziche dai genussscheine , fermo restando il divieto di utilizzarle per pagare le cedole.
io ricordo che la HT1 avesse avuto un taglio del nominale nello scorso autunno