Ecco la nuova...
Intesa Sanpaolo S.p.A.
Senior Ratings: Aa2 Stab/A+ Stab/AA- Stab
Issue Ratings: [TBD]
Size: EUR Benchmark
Maturity: Perpetual
Issuer Call: [ ] June 2016 (subject to CRD2 implementation), otherwise
[ ] June 2021, and every 5 years thereafter *SEE RED*
Coupon Payment Dates [ ] June of every year, short first coupon
Coupon Rate: [ ]% annual, fixed until [ ] June 2016, then reset
every 5 years at 5-year mid-swaps + initial credit spread
Step-up: None
Coupon Suspension: Non-cumulative, based on (i) optional suspension subject
to payment or repurchase pusher on Junior Obligations
and (ii) mandatory suspension, prevailing on pusher,
upon a Capital Deficiency Event or regulatory
intervention. "Junior Obligations" include ord.,
preferred and savings shares *SEE RED*
Loss Absorption: Temporary write-down, based on (i) optional activation
following losses resulting in a Capital Deficiency Event
and (ii) mandatory activation upon Issuer total capital
ratio <6% or regulatory intervention *SEE RED*
Capital Deficiency Event: Following losses, Issuer total capital ratio below
regulatory minimum (currently 8%) *SEE RED*
Early Redemption: Capital disqualification event from 1 Jan 2013 at 102%
of Principal Amount within 120 days of such event / tax
deductibility at make-whole / tax gross up at par *SEE
RED*
Listing/Denom/Docs: Lux/€50k/Standalone
Leads: Banca IMI/BofAML/HSBC/MS/SGCIB
, perchè ha un discreto coupon pusher (per far scattare il coupon pusher, basta che una sola delle banche "federate" distribuisca dividendo o un ristorno ai soci). Vista anche la nota storia nostrana sui particolarismi locali, mi sembra molto improbabile che tutte le corsorziate non distribuiscano nulla ai soci, anche sotto forma di ristorno.
) questa mi sa che mi tocca tenermela fino alla fine 
