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

[mavalà]

Su questo forum perpetuals olandese sconsigliano Nibc e FSB

Forum: Perpetuals, Steepeners Mijn perpetual en steepener porfefolio | IEX.nl

a m non pare che le sconsiglino a tutti gli effetti: diciamo che sostengono che, p.es., ING e AEGON sono meglio perchè più grosse e affidabili in questo momento (a scanso, avverto che sono interessatonella questione avendone 3 su 4)

 

[Zorba]

Il CEO di AIB (99,9% controllata dal Governo) esprime preoccupazioni sul fatto che il Governo possa segare i senior di Anglo. Magari l'Irlanda è davvero ad una svolta... bah...

Hodgkinson also expressed concern about the Irish government's wish to impose losses on around 3.7 billion euros in senior bonds in Anglo Irish and Irish Nationwide, which are being wound down.
"If the effect of doing that with the Anglo bonds were to further weaken the confidence of depositors in Irish banks, then overall that is not a good outcome for Ireland and its banks."
"It is a bigger issue than just the Anglo issue."


UPDATE 1-Ireland's AIB hopes to start external fund-raising | Reuters

 

[bosmeld]

Credit Agricole to take 850 mln euro Greece hit
[CAGR.PA] PARIS, July 28 (Reuters) - French bank Credit Agricole <CARG.PA> on Thursday said that an expected loss at its Emporiki unit, along with its participation in the EU Greek rescue plan, would force it to take a second-quarter provision of up to 850 million euros ($1.22 billion). Credit Agricole's Greek Emporiki Bank unit will post a 444 million euro second-quarter loss, while the French bank said it has decided to take a 359 million-euro writedown for the remainder of the unit's acquisition cost.




perdita assolutamente gestibile per il credit agricole.

 

[warren baffo]

Il CEO di AIB (99,9% controllata dal Governo) esprime preoccupazioni sul fatto che il Governo possa segare i senior di Anglo. Magari l'Irlanda è davvero ad una svolta... bah...

Hodgkinson also expressed concern about the Irish government's wish to impose losses on around 3.7 billion euros in senior bonds in Anglo Irish and Irish Nationwide, which are being wound down.
"If the effect of doing that with the Anglo bonds were to further weaken the confidence of depositors in Irish banks, then overall that is not a good outcome for Ireland and its banks."
"It is a bigger issue than just the Anglo issue."


UPDATE 1-Ireland's AIB hopes to start external fund-raising | Reuters

quanto quotano i senior di AIB? qualcuno ne conosce a breve-medio?

 

[Zorba]

Intanto il decennale italiano ormai al 6%.

 

[Zorba]

quanto quotano i senior di AIB? qualcuno ne conosce a breve-medio?

Qui c'è qualcosa di BOI e AIB. A tuo rischio e pericolo...

https://www.boerse-stuttgart.de/en/...=&emittent=bankofireland&submitform=Searching

https://www.boerse-stuttgart.de/en/...emittent=alliedirishbank&submitform=Searching

 

[Zorba]

Sub debt and hybrids in line for downgrade as Fitch revises criteria
Sub debt and hybrids in line for downgrade as Fitch revises criteria | Euroweek.com

Main points:
Proposals for consultation by 15/9/2011
Any rating changes likely to be in 2011

Proposals
Basel III compliant - 5 notches below issuer viability rating
Legacy UT2 and T1 - 1 or 2 notch downgrade

The explanation for UT2 and T1 legacy issues is that new resolution regimes will make them more loss absorbent.

Fitch says Incoming resolution regimes will cut across the wide range of terms and conditions on old-style tier ones and tier twos

 

[Zorba]

Oggi il governo irlandese ha bonificato l'ultima tranche a AIB, che completa così la ricapitalizzazione da 14,8 bln. AIB è in questo momento una delle banche più capitalizzate al mondo, con un CT1 al 22%.

Le LT2 £12.50% sono le uniche sopravvisute alla falcidia. Che storia... devo dire che mi sono anche divertito. Cmq le Notes sono salve, vediamo se tra qualche anno riprendono a pagare i coupon. Magari diventano la mia pensione


AIB - Capital Contributions
28th July 2011

Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that, further to its announcement on 27 July 2011, the Minister for Finance (the "Minister") and the National Pensions Reserve Fund Commission (the "NPRFC") have today made capital contributions in the aggregate amount of c. €6.054 billion to AIB for no consideration (the "Capital Contributions"). Accordingly, no new Ordinary Shares have been issued by AIB to the Minister and the NPRFC in return for the Capital Contributions. AIB is required to raise a total of c.€14.8 billion of Core Tier 1 Capital, of which €1.6 billion may be in the form of contingent capital, by 31 July 2011 (the "PCAR Requirement"). The Capital Contributions were made in order to satisfy the portion of the PCAR Requirement not satisfied by AIB’s placing of €5 billion of new Ordinary Shares with the NPRFC and the issue of €1.6 billion of contingent capital notes at par to the Minister, which completed on 27 July 2011 (the "Capital Raising"), other capital generating exercises undertaken by AIB and EBS Limited (formerly EBS Building Society) and further burden-sharing measures undertaken with the Group’s subordinated debt holders.

As a result of the proceeds of the Capital Raising and the Capital Contributions, AIB has now received the necessary capital to meet the PCAR Requirement. This has been confirmed by the Central Bank of Ireland.

AIB's Board of Directors acknowledges the continued support of the Minister and the Irish State.

 

[bosmeld]

avete un isin su un senior di efg o alpha, scadenza a 1 anno se e'possibile?

spara bos..spara

sto cercando ora qualche cosa di interessante, ma francamente la migliore opzione sembra il tds.

 

[mavalà]

sto cercando ora qualche cosa di interessante, ma francamente la migliore opzione sembra il tds.

il BTPi 2035 oggi faceva 77, il 2021 invece 83 (a inizio giugno rispettivamente facevano 93 e 96). magari poi finiamo davvero peggio dei greci o dei ciprioti, ma se così non fosse, i Btp o li si compra di sti tempi oppure mai più (erano altri tempi ed altri contesti è vero, ma mi ricorderò sempre il btp 23 9% quando nel '94 girava a 63 e nessuno osava avvicinarsi e poi sappiamo arrivo ai 160...)