MRPINK
Forumer storico
tassazione Groupama 414 e RZB 040
ricevo questi pareri e ve li sottopongo, cosa ne pensate ?
Groupama SA FIXED TO FLOATING RATE UNDATED DEEPLY SUBORDINATED NOTES FR0010533414
Deve ritenersi atipico per via della seguente clausola che pare rappresentare la "falcidia" del credito in caso di liquidazione (rispettivamente a pag. 9 e 19 dei relativi prospetti informativi).
"Amounts payable to the holders of the Notes (the Noteholders) in the event of the judicial liquidation (liquidation judiciaire) of the Issuer or if the Issuer is liquidated for any other reason will be the Original Principal Amount of the Notes, together with Accrued Interest and any other outstanding amounts under the Notes, to the extent that all other creditors of the Issuer (including holders of Unsubordinated Obligations of the Issuer, holders of Ordinary Subordinated Obligations of the Issuer, lenders in relation to preˆts participatifs granted to the Issuer and holders of titres participatifs issued by the Issuer) have been or will be fully reimbursed, as ascertained by the liquidator.
In the event of incomplete payment of creditors ranking senior to Noteholders in such circumstances, the obligations of the Issuer in connection with the Notes will be terminated".
RZB 040
il titolo deve ritenersi atipico, stante il tenore della seguent clausola p.13 da cui si evince che in caso di liquidazione l'incapienza di attivi determin al'estinzione dell'obbligazione con conseguente mancanza dell'obbligo contrattuale di restituire il capitale.
clausola 3b: limited recuorse: the capital notes are limited recourse obligations of the issuer. Principal and interest on the capital notes will be solely payable by the issuer from distributable funds.
clausola 8 :
if the liquidation distribution and any other such liquidation distributions cannot be made in full by reason of the limitation described in this condition 9, such amount will be payable pro rata in the proportion that the amount available for payment bears to the full amount that would have been payable but for such limitation. After payment of the liquidation distribution, as adjusted if applicable, the noteholders will have no right or claim to any of the remaining assets of the issuer or the support agreement provider.
ricevo questi pareri e ve li sottopongo, cosa ne pensate ?
Groupama SA FIXED TO FLOATING RATE UNDATED DEEPLY SUBORDINATED NOTES FR0010533414
Deve ritenersi atipico per via della seguente clausola che pare rappresentare la "falcidia" del credito in caso di liquidazione (rispettivamente a pag. 9 e 19 dei relativi prospetti informativi).
"Amounts payable to the holders of the Notes (the Noteholders) in the event of the judicial liquidation (liquidation judiciaire) of the Issuer or if the Issuer is liquidated for any other reason will be the Original Principal Amount of the Notes, together with Accrued Interest and any other outstanding amounts under the Notes, to the extent that all other creditors of the Issuer (including holders of Unsubordinated Obligations of the Issuer, holders of Ordinary Subordinated Obligations of the Issuer, lenders in relation to preˆts participatifs granted to the Issuer and holders of titres participatifs issued by the Issuer) have been or will be fully reimbursed, as ascertained by the liquidator.
In the event of incomplete payment of creditors ranking senior to Noteholders in such circumstances, the obligations of the Issuer in connection with the Notes will be terminated".
RZB 040
il titolo deve ritenersi atipico, stante il tenore della seguent clausola p.13 da cui si evince che in caso di liquidazione l'incapienza di attivi determin al'estinzione dell'obbligazione con conseguente mancanza dell'obbligo contrattuale di restituire il capitale.
clausola 3b: limited recuorse: the capital notes are limited recourse obligations of the issuer. Principal and interest on the capital notes will be solely payable by the issuer from distributable funds.
clausola 8 :
if the liquidation distribution and any other such liquidation distributions cannot be made in full by reason of the limitation described in this condition 9, such amount will be payable pro rata in the proportion that the amount available for payment bears to the full amount that would have been payable but for such limitation. After payment of the liquidation distribution, as adjusted if applicable, the noteholders will have no right or claim to any of the remaining assets of the issuer or the support agreement provider.
Ultima modifica:
eek:
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