Vet
Forumer storico
hai avuto maniera di appurare se questa offerta è in essere per la banca greca che hai citato
Grazie
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2
- Creatore Discussione caligola2005
- Data di Inizio
- Stato
hai avuto maniera di appurare se questa offerta è in essere per la banca greca che hai citato
Grazie
fidw99
100% perpetual
incredibile
Announcement
Tender offer for the acquisition of covered bonds and hybrid securities
[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]3 January 2012
NATIONAL BANK OF GREECE S.A. ANNOUNCES THE LAUNCH OF A VOLUNTARY TENDER OFFER OUTSIDE THE UNITED STATES FOR THE ACQUISITION OF ANY AND ALL OF ITS FIXED RATE SERIES 3 COVERED BONDS DUE 2016 AND FIVE SERIES OF NON-CUMULATIVE GUARANTEED NON-VOTING PREFERRED SECURITIES ISSUED BY NATIONAL BANK OF GREECE FUNDING LIMITED AND HAVING THE BENEFIT OF A SUBORDINATED GUARANTEE OF NATIONAL BANK OF GREECE S.A.
National Bank of Greece S.A. ("NBG") announces the launch of a voluntary tender offer (the "Tender Offer") for the acquisition of any and all of the outstanding €1,500,000,000 Fixed Rate Series 3 Covered Bonds due 2016 issued by NBG (ISIN: XS0438753294) (the "Covered Bonds") and of the €350,000,000 Series A Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0172122904), the €350,000,000 Series B CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0203171755), the US$180,000,000 Series C CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0203173298), the €230,000,000 Series D CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0211489207), and the £375,000,000 Series E Fixed/Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0272106351) issued by National Bank of Greece Funding Limited and having the benefit of a subordinated guarantee of NBG (together, the "Hybrid Securities", and together with the Covered Bonds, the "Securities").
The Securities are listed on the Official List, and admitted to trading on the regulated market, of the Luxembourg Stock Exchange, whilst two series of the Hybrid Securities are also admitted to trading on Euronext Amsterdam. The Tender Offer, for which the consent of the Bank of Greece and of the European Commission Directorate General for Competition have already been granted, is for the total amount outstanding of the five series of the Hybrid Securities and the Covered Bonds, with an aggregate nominal value of €1,746,073,000 with respect of the Securities denominated in Euro, US$86,482,000 with respect to the Securities denominated in U.S. dollars, and £56,281,000 with respect to the Securities denominated in Sterling.
The consideration for the acquisition of the Securities is payable in cash and is equal to 70% in respect of the Covered Bonds, and 45% in respect of the Hybrid Securities, of the nominal amount of the relevant series of Securities validly tendered and accepted for purchase pursuant to the Tender Offer.
It is noted that the acquisition by NBG of any or all of the Securities (regardless of series) tendered as part of the Tender Offer is subject to the absolute discretion of NBG, and shall be funded using NBG’s existing own funds.
2
Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Merrill Lynch International and Morgan Stanley & Co. International plc are acting as Dealer Managers of the Tender Offer.
Pursuant to the terms and conditions of the Tender Offer, no public tender for the acquisition of the Securities will be made in Greece. Accordingly, the present announcement does not constitute a public offer to acquire or a solicitation of an offer to sell Securities in Greece.
OFFER AND DISTRIBUTION RESTRICTIONS
The Tender Offer is subject to offer and distribution restrictions in, amongst other countries, the United States, the United Kingdom, Italy, the Grand Duchy of Luxembourg, Belgium and France, as more fully set out in the tender offer memorandum relating to the Tender Offer. The distribution of this announcement and the tender offer memorandum in those jurisdictions is restricted by the laws of such jurisdictions
[/FONT][/FONT]
Announcement
Tender offer for the acquisition of covered bonds and hybrid securities
[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]3 January 2012
NATIONAL BANK OF GREECE S.A. ANNOUNCES THE LAUNCH OF A VOLUNTARY TENDER OFFER OUTSIDE THE UNITED STATES FOR THE ACQUISITION OF ANY AND ALL OF ITS FIXED RATE SERIES 3 COVERED BONDS DUE 2016 AND FIVE SERIES OF NON-CUMULATIVE GUARANTEED NON-VOTING PREFERRED SECURITIES ISSUED BY NATIONAL BANK OF GREECE FUNDING LIMITED AND HAVING THE BENEFIT OF A SUBORDINATED GUARANTEE OF NATIONAL BANK OF GREECE S.A.
National Bank of Greece S.A. ("NBG") announces the launch of a voluntary tender offer (the "Tender Offer") for the acquisition of any and all of the outstanding €1,500,000,000 Fixed Rate Series 3 Covered Bonds due 2016 issued by NBG (ISIN: XS0438753294) (the "Covered Bonds") and of the €350,000,000 Series A Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0172122904), the €350,000,000 Series B CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0203171755), the US$180,000,000 Series C CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0203173298), the €230,000,000 Series D CMS-Linked Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0211489207), and the £375,000,000 Series E Fixed/Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0272106351) issued by National Bank of Greece Funding Limited and having the benefit of a subordinated guarantee of NBG (together, the "Hybrid Securities", and together with the Covered Bonds, the "Securities").
The Securities are listed on the Official List, and admitted to trading on the regulated market, of the Luxembourg Stock Exchange, whilst two series of the Hybrid Securities are also admitted to trading on Euronext Amsterdam. The Tender Offer, for which the consent of the Bank of Greece and of the European Commission Directorate General for Competition have already been granted, is for the total amount outstanding of the five series of the Hybrid Securities and the Covered Bonds, with an aggregate nominal value of €1,746,073,000 with respect of the Securities denominated in Euro, US$86,482,000 with respect to the Securities denominated in U.S. dollars, and £56,281,000 with respect to the Securities denominated in Sterling.
The consideration for the acquisition of the Securities is payable in cash and is equal to 70% in respect of the Covered Bonds, and 45% in respect of the Hybrid Securities, of the nominal amount of the relevant series of Securities validly tendered and accepted for purchase pursuant to the Tender Offer.
It is noted that the acquisition by NBG of any or all of the Securities (regardless of series) tendered as part of the Tender Offer is subject to the absolute discretion of NBG, and shall be funded using NBG’s existing own funds.
2
Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Merrill Lynch International and Morgan Stanley & Co. International plc are acting as Dealer Managers of the Tender Offer.
Pursuant to the terms and conditions of the Tender Offer, no public tender for the acquisition of the Securities will be made in Greece. Accordingly, the present announcement does not constitute a public offer to acquire or a solicitation of an offer to sell Securities in Greece.
OFFER AND DISTRIBUTION RESTRICTIONS
The Tender Offer is subject to offer and distribution restrictions in, amongst other countries, the United States, the United Kingdom, Italy, the Grand Duchy of Luxembourg, Belgium and France, as more fully set out in the tender offer memorandum relating to the Tender Offer. The distribution of this announcement and the tender offer memorandum in those jurisdictions is restricted by the laws of such jurisdictions
[/FONT][/FONT]
drbs315
Forumer storico
Buono, speriamo che Alpha vada a ruota
Oltretutto, sui t1, tenendo conto della situazione, non sono stati affatto tirchi; diverso sui covered, è evidente che devono spolpare utili e ct1, quindi le perpetue a quotazioni infime si prestano meglio allo scopo, mentre la netta differenza di seniority, in questo caso, è stata poco prezzata.
Ultima modifica:
solovaloreaggiunto
Forumer storico
sui tier 1 di tutto rispetto.. pensare che Socgen aveva offerto 56... pezzenti 
innocentiproject
Forumer attivo
drbs315
Forumer storico
Qualche spiegazione in più sulla recente cattiva performance - cds, senior e t1 - di Kbc: contagio belga e austriaco che si cumulano...
PRESSE: Les dépôts sur les comptes d'épargne de Dexia, KBC fondent
Data: 03/01/2012 @ 10:23
Fonte: Bourse Web Dow Jones (French)
Les comptes d'épargne des clients de Dexia Banque Belgique et de KBC ont enregistré au total une baisse de 5 milliards d'euros des avoirs en 2011, les Belges ayant préféré par sécurité se tourner vers des banques plus petites, rapporte mardi le quotidien belge L'Echo.
Au total, l'encours des comptes d'épargne des quatre plus grandes banques de Belgique a baissé de 2%, à 143,6 milliards d'euros. Les volumes placés sur des comptes d'épargne ont pourtant augmenté en 2011 en Belgique, à 197,1 milliards d'euros, contre 196 milliards d'euros en 2010.
Dexia Banque Belgique, rachetée par l'Etat belge en octobre, a subi les plus fortes pertes. Les clients de la banque ont retiré près de 3,5 milliards d'euros de leurs comptes d'épargne. Du côté de KBC, les dépôts ont fondu de 1,4 milliard d'euros, indique L'Echo.
BNP Paribas Fortis, qui a vu les volumes placés sur ses comptes d'épargne baisser de 0,2%, attribue ce déclin à la mauvaise performance des emprunts d'Etat. Deux tiers des comptes d'épargne sont investis en obligations souveraines, indique L'Echo.
La tendance à se détourner des grandes banques a profité à Deutsche Bank, ainsi qu'à Argenta Center et aux banques en ligne, rapporte le journal.
-Riva Froymovich, Dow Jones Newswires
PRESSE: Les dépôts sur les comptes d'épargne de Dexia, KBC fondent
Data: 03/01/2012 @ 10:23
Fonte: Bourse Web Dow Jones (French)
Les comptes d'épargne des clients de Dexia Banque Belgique et de KBC ont enregistré au total une baisse de 5 milliards d'euros des avoirs en 2011, les Belges ayant préféré par sécurité se tourner vers des banques plus petites, rapporte mardi le quotidien belge L'Echo.
Au total, l'encours des comptes d'épargne des quatre plus grandes banques de Belgique a baissé de 2%, à 143,6 milliards d'euros. Les volumes placés sur des comptes d'épargne ont pourtant augmenté en 2011 en Belgique, à 197,1 milliards d'euros, contre 196 milliards d'euros en 2010.
Dexia Banque Belgique, rachetée par l'Etat belge en octobre, a subi les plus fortes pertes. Les clients de la banque ont retiré près de 3,5 milliards d'euros de leurs comptes d'épargne. Du côté de KBC, les dépôts ont fondu de 1,4 milliard d'euros, indique L'Echo.
BNP Paribas Fortis, qui a vu les volumes placés sur ses comptes d'épargne baisser de 0,2%, attribue ce déclin à la mauvaise performance des emprunts d'Etat. Deux tiers des comptes d'épargne sont investis en obligations souveraines, indique L'Echo.
La tendance à se détourner des grandes banques a profité à Deutsche Bank, ainsi qu'à Argenta Center et aux banques en ligne, rapporte le journal.
-Riva Froymovich, Dow Jones Newswires
Vet
Forumer storico
riccio43
lupo si lupo no
buon giorno e buon anno a tutti.
Caro Gaudente gia' hai fatto un passo avanti sostituendo un pom. con S, Domenico Savio
mi sembra, carina anche la non troppo sottintesa ironia.
Adesso fai un altro passo; di' quello che vuoi ma in modo garbato che ci vuole?
Agli altri direi se non smette ignorate salva l'opportunita' dei moderatori di intervenire.
Per il discorso ora dominante il fallimento delle banche italiane sono daccordo con Fabbro.
Da vecchio bancario (Iccrea) ho combinato per lavoro una decina di incorporazioni di BCC in dissesto con altre (ex Casse Rurali Artigiane).
Per le altre banche ci ha sempre pensato la B.d'I. Quale banca in Italia e' mai fallita perdendo tutto? Mi pare che anche gli azionisti del Banco Ambrosiano abbiano ripreso il loro investimento e se non fosse e' un solo caso non certo paragonabile al MPS.
Caro Gaudente gia' hai fatto un passo avanti sostituendo un pom. con S, Domenico Savio
mi sembra, carina anche la non troppo sottintesa ironia.
Adesso fai un altro passo; di' quello che vuoi ma in modo garbato che ci vuole?
Agli altri direi se non smette ignorate salva l'opportunita' dei moderatori di intervenire.
Per il discorso ora dominante il fallimento delle banche italiane sono daccordo con Fabbro.
Da vecchio bancario (Iccrea) ho combinato per lavoro una decina di incorporazioni di BCC in dissesto con altre (ex Casse Rurali Artigiane).
Per le altre banche ci ha sempre pensato la B.d'I. Quale banca in Italia e' mai fallita perdendo tutto? Mi pare che anche gli azionisti del Banco Ambrosiano abbiano ripreso il loro investimento e se non fosse e' un solo caso non certo paragonabile al MPS.
MRPINK
Forumer storico
Parigi resta
debole a meta' mattina e si muove in controtendenza rispetto
alle principali piazze europee. Il Cac 40 cede lo 0,31%
trascinato al ribasso dalle vendite sul settore bancario.
SocGen arretra del 2,97%, Credit Agricole dell'1,8% e Axa
l'1,2%. Male anche Veolia (-1,95%), Suez (-1,95%) e France
Telecom (-1,82%). I trader parlano per ora di prese di
beneficio anche se sullo sfondo pesa sempre l'incognita di
una perdita della tripla A da parte delle agenzie di rating.
debole a meta' mattina e si muove in controtendenza rispetto
alle principali piazze europee. Il Cac 40 cede lo 0,31%
trascinato al ribasso dalle vendite sul settore bancario.
SocGen arretra del 2,97%, Credit Agricole dell'1,8% e Axa
l'1,2%. Male anche Veolia (-1,95%), Suez (-1,95%) e France
Telecom (-1,82%). I trader parlano per ora di prese di
beneficio anche se sullo sfondo pesa sempre l'incognita di
una perdita della tripla A da parte delle agenzie di rating.
- Stato
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