Ciao Sole, l'unica italiana che ho e' l'Intesa506 che deve pagare se ci sono riserve distribuibili. A memoria la BPCE puo' non pagare anche in presenza di utili accantonati e/o dell'anno corrente se non paga dividendo.
Rettifica importante: sole mi faceva notare
![Pollice su! :up: :up:](/images/smilies/thumbsup.gif)
che c'e' un "OR", oppure, e non solo un AND tra i due casi di optional interest, quindi Intesa anche se ha profitti distribuibili ma non paga dividendi in teoria potrebbe non pagare le cedole. La fretta e' una brutta bestia e the devil is in the detail. Scusate per l'errore.
Riporto la clausola:
Optional suspension of interest
Subject to “Mandatory payment of interest” below, the Issuer may elect,
by giving notice to the Noteholders pursuant to Condition 15 (Notices)
no later than 15 Business Days notice prior to the relevant Interest
Payment Date, not to pay all (or part only) of the interest accrued up
to such Interest Payment Date if:
(i) the Issuer does not have Distributable Profits according to its
Latest Accounts; and
/or
(ii) since the Issuer’s annual shareholders’ meeting in respect of
the non-consolidated financial statements for the financial year
immediately preceding the year in which such Interest
Payment Date falls, no dividend or other distribution has been
declared, made, approved or set aside for payment in respect
of any Junior Obligations,
all as described in Condition 5.1 (Optional suspension of interest).