discipline
Forumer storico
Personally I wouldn't be tendering any LT2 (having mandatory coupon and fixed maturity) notes at 50% (when you could get 100% in a 5y time), while tendering T1s at 40% isn't bad at all.I am holding XS0302804744.
Here is the detailed announcement in greek language.
http://www.eurobank.gr/Uploads/pdf/ΑΝΑΚΟΙΝΩΣΗ_ΕΛΛ.pdf
Why should i accept 50% for a security which matures at 2017?
Only if i am not sure if the bank won't exist after 5 year.
But i don't think that it won't exist.
I accepted the tender of NBoG (because it concerned a perpetual) and i re-invested the funds on Dt Bank, BZ and BACA
What could someone buy with the 50% of this Tier2.
Nothing better, i am afraid.
Any other idea?
But if, as a Greek investor, you have elements to doubt that EFG will be still running in 5 years, well, I hope you're going to write us something about it.