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

[cris71]

avrei una cortesia: Qualche amico del forum mi potrebbe dire le ultime quotazioni otc di queste due lt2 di aib:
- xs0435953186
- xs0498532117

grazie in anticipo

xs0435953186 22/26
xs0498532117 24,25/27,50

 

[fabriziof]

xs0435953186 22/26
xs0498532117 24,25/27,50

 

[Zorba]

xs0435953186 22/26
xs0498532117 24,25/27,50

Grazie Chris. E' la quotazione Bloomberg?

 

[cris71]

Grazie Chris. E' la quotazione Bloomberg?

la piattaforma che uso mi da la possibilità di scegliere le piazze dove acquistare, in particolare le 2 quotazioni sono in ordine stoccarda e francoforte

 

[Mais78]

Giornata di operazioni dolorose

Preso profitto (quel poco che era rimasto...non mi va di perdere su posizioni in gain..) su

Sell Intesa506 @ 96.5 , ora fa 96.5-96.75, in caduta libera
Sell Groupama751 @ 79.25

su queste ci voglio ritornare ma ci voglio vedere piu' chiaro, anche se devo pagarle di piu', inoltre sto per andare in vacanza in paese dove non c'e' internet e telefoni...non mi rilasserei

Venduto anche con buon profitto
Sell AXA454 @ 67 (i MM se la sono dimenticati, non e' scesa in questi gg)

e poi ho comprato una che invece e' crollata da 68

Buy ING127 @ 55

Ragazzi e' da allora (fine novembre/inizio dicembre) che sono completamente astemio di perpetue (anche per mancanza di tempo).

Le ING sono tra 66 e 67 oramai costano come le AXA, direi che le abbiamo spremute per bene . Sto pensando di ripassare al fisso, poca roba che mi ispira pero', Generali888, un pizzico di Lodi, la Groupama di cui sopra, bah, devo studiare ma non ho tempo, per ora sono oltre 2/3 IRS

 

[no perpetual no party]

rzb 040 irs


qualcuno si ricorda -senza impegno- se il prospetto della rzb irs è un must pay coupon tipo baca o bawag
(generalizzando, deve pagare se ci sono riserve distribuibili, anche se non dovesse fare/distribuire dividendi???)

 

[Rottweiler]

Mi sembra di aver capito che il legislatore olandese stia preparando una legge (sul modello tedesco?) che protegga il tax-payer ai danni dell'investitore.
Moody's si sarebbe già espresso sulle conseguenze in termini di rating, specie per le subordinate.
Chissà se qualcuno ha accesso al report di Moody's del quale segnalo qui un annuncio:

Last Tuesday, the Dutch Finance Ministry issued comment papers on its draft resolution law for financial institutions that was made public for consultation earlier this month. We believe the law as currently drafted is credit negative for Dutch banks that benefit from systemic support, and in particular for their subordinated debt. The law gives the Dutch central bank (Den Nederlandsche Bank, or DNB) more options to deal with ailing institutions outside of bankruptcy without extending support to creditors. It therefore increases the probability that creditors of ailing banks will incur losses. The legislation, if adopted, also applies to insurers, but we think insurers generally will be unaffected by these proposals, as we do not believe they are likely to receive systemic support in any case. We also note that the proposals will no doubt be debated heavily, and will be subject to change before they are implemented, which we expect will take one to two years. An explicit aim of the draft... "

 

[diritto]

Ragazzi e' da allora (fine novembre/inizio dicembre) che sono completamente astemio di perpetue (anche per mancanza di tempo).

Le ING sono tra 66 e 67 oramai costano come le AXA, direi che le abbiamo spremute per bene . Sto pensando di ripassare al fisso, poca roba che mi ispira pero', Generali888, un pizzico di Lodi, la Groupama di cui sopra, bah, devo studiare ma non ho tempo, per ora sono oltre 2/3 IRS

Bentornato Mais. E' tempo che torni con costanza tra noi.

 

[discipline]

Alpha Bank: Net Profit Of €147.8million For 2010

Alpha Bank reported on Tuesday net profit of €147.8million (excluding adjustment for the one-off tax of €61.8 million based on 2009 profits) after €885million of provisions, while net profit reached €147.8 million with pre-provision income reaching €1.1 billion.

Yannis S. Costopoulos, Chairman of the Bank stated:
“Greece has embarked on a programme that is expected to deliver substantial change and should reform the economy. In this very challenging and full of uncertainties process, Alpha Bank can rely on its strong foundations: the trust of our Shareholders and our Customers and the commitment of our Staff. True to our values, we are confident that with our robust business model we will address successfully any adverse circumstances”.

Demetrios P. Mantzounis, Managing Director – CEO of Alpha commented:
“In a very testing year, we delivered a positive financial performance from core banking activities proving the resilience of our model. We deleveraged our balance sheet to strengthen our liquidity and capital position, we realigned our cost base to the new environment and we preserved our asset quality. Going forward, we will strengthen further our delivery on these key priorities with a particular focus on streamlining the operating platform and on pursuing targeted business development”.

Moreover:

Strong Balance Sheet

- Solid capital position with Total Capital Adequacy at 13.5%, Tier I ratio at 11.8% and Core Tier I at 9%.
- Targeted balance sheet deleveraging, with loan portfolio reduced by more than €1.5 billion to €51.5 billion. Greek government bond portfolio at €3.7 billion2.
- Strong liquidity profile, with European Central Bank (ECB) utilisation at €14.2 billion, effectively unchanged since June 2010.
- NPL formation in SEE declines for third consecutive quarter. NPLs at 8.5% are backed by €2.2 billion of on-balance sheet provisions, yielding 51% cash coverage before any collateral.

Resilient performance amidst continuing challenging environment

- Net interest income grew by 3.2% to €1,819 million despite deleveraging.
- Net Interest Margin up by 10bps year-on-year in 2010 at 2.7%.
- Core income (excluding trading) remained stable year-on-year at €2,214 million.
- Continued progress on cost control delivers a 4.4% year-on-year reduction in operating expenses to €1.1 billion; notable 10.7% reduction to general and administrative expenses in Greece, translates to a 9.2% reduction at Group level.
- Cost to income (without restructuring costs) stands at 50.5%.
- SEE accounts for 21% of our loans and contributes 18% to our Group deposits. Funding gap in SEE reduced by more than €1 billion compared to last year.
- Net profit €147.8 million with pre-provision income reaching €1.1 billion

 

[discipline]

Scoperto l'arcano. E' circolato il rumor che AIB avrebbe skippato il pagamento della cedola su un bond (credo LT2), per cui sono stati inseriti ordini ingenti di vendita. Infatti le LT2 di AIB erano scivolate a 23-24. In chiusura mi sembra siano tornate a 26-27. (Oggi ero fuori e non ho seguito un tubo).
...
The trader said buyers were also looking at picking up some of Allied Irish Banks' junior debt, which trades at a significant discount, cheaply on the back of the rumours.
"We had some of the bigger banks came through to us putting in cheeky bids for some of the lower Tier 2 paper so if it was trading around 26-27 cents these guys were coming in around 22 or even below.
"So they don't believe the rumour is credible either."

Bella trovata per chi la voce l'ha messa in giro...