Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (9 lettori)

[discipline]

Any future default on bonds at Anglo Irish Bank would have to be adjudicated upon in the English courts and not in Ireland, the Irish Independent has confirmed.
The Government is not planning to default on any Anglo bonds, but the idea has been floated by third-level academics and some opposition politicians in recent weeks.
Instead of defaulting, the Government is expected to give the bank the go-ahead to do a bond buyback with some classes of bondholders -- but who precisely is not yet clear.
Bonds issued by Anglo over recent years are covered by English law, so if bondholders were to take legal action they would petition the English courts.
English law treats the rights of bondholders differently to Ireland. In recent cases in England between issuers and bondholders, the courts have ordered the issuer not only to pay missed coupons (interest payments), but also the legal costs incurred in taking the action in the first place.
Guarantee
A large number of so-called 'legacy' bonds issued by Anglo will no longer be covered by the blanket guarantee from next week when it is due to run out.
However, it may be extended and other bond issues are covered by the Eligible Liabilities Guarantee (ELG) which runs until the end of the year.
It has been reported that the Government will allow Anglo to launch a bond buyback as part of a restructuring plan agreed with the EU Commission.
This would allow Anglo to offer less than face value to bondholders and it could then book a gain on the difference between the face value and the price is it offering.
So far the only buybacks have been on subordinated debt and there have been no moves to carry out such an exercise with senior bonds.
Finance Minister Brian Lenihan has said he is totally opposed to any default on Anglo bonds. A voluntary buyback arrangement is not considered a default, but it must be entirely voluntary, allowing the bondholder to refuse the offer and hold the bond until maturity.

Qualche buona notizia.. speriamo bene..

 

[Topgun1976]

ti rispondo con questo articolo fresco di stampa :



Any Anglo default would have to be dealt with in English courts

Instead of defaulting, the Government is expected to give the bank the go-ahead to do a bond buyback with some classes of bondholders -- but who precisely is not yet clear. Photo: Getty Images



By Emmet Oliver




Wednesday September 22 2010

Any future default on bonds at Anglo Irish Bank would have to be adjudicated upon in the English courts and not in Ireland, the Irish Independent has confirmed.
The Government is not planning to default on any Anglo bonds, but the idea has been floated by third-level academics and some opposition politicians in recent weeks.
Instead of defaulting, the Government is expected to give the bank the go-ahead to do a bond buyback with some classes of bondholders -- but who precisely is not yet clear.
Bonds issued by Anglo over recent years are covered by English law, so if bondholders were to take legal action they would petition the English courts.
English law treats the rights of bondholders differently to Ireland. In recent cases in England between issuers and bondholders, the courts have ordered the issuer not only to pay missed coupons (interest payments), but also the legal costs incurred in taking the action in the first place.
Guarantee
A large number of so-called 'legacy' bonds issued by Anglo will no longer be covered by the blanket guarantee from next week when it is due to run out.
However, it may be extended and other bond issues are covered by the Eligible Liabilities Guarantee (ELG) which runs until the end of the year.
It has been reported that the Government will allow Anglo to launch a bond buyback as part of a restructuring plan agreed with the EU Commission.
This would allow Anglo to offer less than face value to bondholders and it could then book a gain on the difference between the face value and the price is it offering.
So far the only buybacks have been on subordinated debt and there have been no moves to carry out such an exercise with senior bonds.
Finance Minister Brian Lenihan has said he is totally opposed to any default on Anglo bonds. A voluntary buyback arrangement is not considered a default, but it must be entirely voluntary, allowing the bondholder to refuse the offer and hold the bond until maturity.
- Emmet Oliver
Irish Independent

Ti dirò che ho una Mezza Idea se và a 22 in Lettera un lotto lo prendo..

 

[Wallygo]

Ti dirò che ho una Mezza Idea se và a 22 in Lettera un lotto lo prendo..

stavo pensando lo stesso prezzo per riempirmi come un tacchino ...spero di non sbagliarmi ma l irlanda non è islanda .......

 

[discipline]

Ti dirò che ho una Mezza Idea se và a 22 in Lettera un lotto lo prendo..

settimana scorsa su iw ho chiesto la quotazione 2/3 volte, denaro a 15 e lettera assente. parlo della 2014.

 

[Topgun1976]

stavo pensando lo stesso prezzo per riempirmi come un tacchino ...spero di non sbagliarmi ma l irlanda non è islanda .......

settimana scorsa su iw ho chiesto la quotazione 2/3 volte, denaro a 15 e lettera assente. parlo della 2014.

22 o sotto per prendere 30 se và bene,faranno sicuramente una tender prendere o lasciare.Mi Aspetto terrorismo per far accettare + gente possibile,quindi quotazioni che potrebbero andare anche sotto 20.La Tengo Monitorata ,

 

[Topgun1976]

stavo pensando lo stesso prezzo per riempirmi come un tacchino ...spero di non sbagliarmi ma l irlanda non è islanda .......

Ok,ma il debito Sub lo spazzeranno via con una Tender a Prezzi ridicoli,non penso si andrà oltre 30

 

[fabriziof]

in tema irish come lo vedete il subordinato allied irish 2019 cedola 12,5% XS0435953186?ora sta sui 103

 

[Wallygo]

Ok,ma il debito Sub lo spazzeranno via con una Tender a Prezzi ridicoli,non penso si andrà oltre 30

la 2014 sotto i 30 mi sa che non la vedremo facilmente ...per spuntare prezzi stracciati non cè storia ci vogliono le p.alle e andare sulle 50k

 

[Topgun1976]

la 2014 sotto i 30 mi sa che non la vedremo facilmente ...per spuntare prezzi stracciati non cè storia ci voglio le p.alle e andare sulle 50k

Infatti se si rischia avevo in mente solo quella non la 2014

 

[Wallygo]

Infatti se si rischia avevo in mente solo quella non la 2014

allora ! sono curioso di sapere quanto offriranno come tender offer l ultima volta 50 ora che fanno? offrono 30? ..... questa roba è in mano a specialisti tra cui fondi avvoltoio o pseudo tali, risk takers ecct ect gente bene informata che non si lascia certo terrorrizzare dal + classico prender o lasciare