akis63
Forumer attivo
I am hopeful... to read it in next days.![]()
Since RZB offer 58 for 040 i estimate that BFCM 712 should offer at least the same price.
I am hopeful... to read it in next days.![]()
Non dovrebbe contare la qualifica del momento dell'acquisto più che l'attuale?
Forse sarebbe però difficile da verificare, se ho scritto (probabile) una strunzxxatacancellate pure....
io ho solo le 897. o le smobilizzo e le lascio liquide su c/ (non ci sono valide alternative per struttura/emittente) oppure me le tengo.qualcuno qui terrà le bawag?
sono moolto indeciso
molto interessante, dovrebbe essere sui 55/56 fabriqualcuno ha prezzi recenti della lt2 nib XS0210781828?
decisamente buona, ma visto il rischio €/$ che non voglio accollarmi e il fatto che probabilmente è poco liquida visto l'outstanding (174.5 mln di $) passerei...da cassettare cmq, IMHOQualcuno dei Forumisti ha letto il prospetto di questa NATIXIS 9% in dollari con call 16 aprile 2013 che si dovrebbe comprare intorno a 85 (FR0010607747)?
eh no porca miseria obos !!! Oggi non ho neanche provato dando per scontato illiquiditàOggi comprato XS0099124793 KBC eur3m+300bp a 55 (mm Morgan Stanley)
già, ma porcomi fate incazz.....:
com'è che in due banche diverse non riesco a prenderle da 2 settimane ?
anche oggi mi hanno dato l'ineseguito per 50k a 56 !!!
per me pagherannoBanco Popolare Societa Cooperativa Hybrid Tier 1 Securities Downgraded To 'B-' On Risk Of Coupon Payment Deferral
Publication date: 27-Feb-2012 17:45:21 GMT
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LONDON (Standard & Poor's) Feb. 27, 2012--Standard & Poor's Ratings Services today said that it has lowered its issue rating on the Hybrid Tier 1 debt issued by Italy-based Banco Popolare Societa Cooperativa SCRL (Banco Popolare; BBB-/Negative/A-3) to 'B-' from 'B'. At the same time, we removed the rating from CreditWatch with negative implications, where we placed it on Dec. 7, 2011.The downgrade of the hybrid instruments is based on our view of the increased risk that Banco Popolare could defer its hybrid coupon payments in the future. This reflects our assessment of the bank's modest earning capacity, owing to the current weak economic environment, and the increased pressure on its capital after the European Banking Authority (EBA) determined a potential €2.8 billion capital shortfall in its stress test for Banco Popolare, published on Dec. 8, 2011. On Feb. 15, 2012, Banco Popolare completed its buyback offers to holders of Tier 1 and Tier 2 instruments. This offer is part of the capital strengthening actions the bank is carrying out to meet the EBA requirement of a 9% core Tier 1 ratio by June 2012. Following our review of the terms and conditions of the offer and the recent amounts bought back by Banco Popolare, we consider this offer to be "opportunistic," under our hybrid criteria (see "Rating Implications Of Exchange Offers And Similar Restructurings, Update," published May 12, 2009, on RatingsDirect on the Global Credit Portal). According to our criteria, we consider an offer to be "opportunistic" when a issuer offers to exchange bonds for below par where changes in market interest rates, other technicalities, or market developments have caused its bonds to trade at a discount. We believe such an offer has no credit implications for the issuer. In our view, the impact of the offer on the bank's core Tier 1 ratio will be limited.
- On Feb. 15, 2012, Italy-based Banco Popolare Societa Cooperativa SCRL (Banco Popolare) completed its buyback offers to holders of Tier 1 and Tier 2 instruments.
- We consider these offers to be "opportunistic," as defined by our criteria.
- We also believe the risk the bank might defer its coupon payment on Tier 1 hybrid debt in the future has increased.
- As a result, we are lowering the rating on the hybrid Tier 1 debt to 'B-' from 'B'. We are removing the rating on the hybrids from CreditWatch with negative implications.