Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2 (2 lettori)

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russiabond

russiabond

Il mito, la leggenda.
Prezzi adesso IW

Groupama 414 lettera 31 ....eseguito per 250 k€ in acquisto

BP 290 ....lettera 40...


Bpo Milano 227 lettera 58


Groupama 464 LT2 lettera 41 ...


Sono ritornato Perpetualista ....
 

Topgun1976

Guest
angy2008 ha scritto:
a me pare che non paghino 60 in cash ma offrano titoli nuovi e migliori con cambio al 60% dei vecchi, sbaglio?
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Holders that do not hold at least the Minimum Offer Amounts of the Existing Securities (in order that the relevant
Holder is able to receive at least the minimum denomination of the New Notes) (each an Ineligible Holder) may
be eligible, to the extent permitted by applicable laws and regulations, to receive an amount, in cash, equal to the
application of the relevant Exchange Ratio to the nominal amount of their Existing Securities (rounded to the
nearest €0.01, with half a cent rounded upwards) (an Ineligible Holder Payment).
Only Ineligible Holders may submit Ineligible Holder Instructions and be eligible to receive an Ineligible Holder
Payment.
Payment of any Ineligible Holder Payment is conditional on the acceptance by BCP of the Existing Securities
offered for exchange pursuant to the Offers, the completion of the Offers and the further conditions referred to
under "Participation in the Offers – Ineligible Holder Instructions".
Ineligible Holder Payments will be paid by BCP to relevant Ineligible Holders on the Settlement Date (subject to
BCP's right to amend such date of payment as set out in this Exchange Offer Memorandum) in the same manner
as any Exchange Consideration and Accrued Interest Payment would be paid to the relevant Ineligible Holder, if
the Existing Securities in respect of which such Ineligible Holder validly submitted an Ineligible Holder
Instruction were permitted to be and in fact were accepted for exchange by BCP pursuant to the Offers.
 
pier_pat

pier_pat

Mountaineering
Angy ha ragione, credo, leggendo quello che aveva postato mantigora:

1) cambio dei vecchi bond in nuovi: 600 nuovi per ogni 1000 vecchi
2) nuovi bond con taglio da 50k, quindi per partecipare all'offerta bisogna avere almeno 83400 della vecchia 844..., ma
3) i bondholders non eligible riceveranno cash...

Mantigora ha scritto:
Spulciando internet puo interessare :
Credo interessi anche xs0194093844
Please be advised that BANCO COMERCIAL PORTUGUES S.A. ("BCP") is offering to exchange up to a maximum aggregate principal amount ("p.a") of EUR 500'000' 000 in respect of its Series C Preference Shares and Series D Preference Shares combined.
Ratio : for each 1'000 p.a. of C Preference Shares exchanged, shareholders will receive EUR 600 p.a. of either:

a) newly issued fixed rate 9.25% senior notes due 12 October 2014 (ISIN to be determined), or

b) newly issued fixed rate 13% subordinated notes due 12 October 2021 (ISIN to be determined).

The allotment instruments will be issued in minimum denominations of EUR 50'000 and integral multiples of EUR 100 thereafter. Therefore, a minimum p.a. of EUR 83'400 is necessary to participate in the exchange offer.

Hence, shareholders holding a p.a. below that limit ("ineligible shareholders") have the alternative to receive an amount, in cash, equal to the application of the above exchange ratio to the p.a. of their C Preference Shares.

Remarks:
- Both new notes will be issued at a price of 100%.
- Fractional portion of new notes will be paid in cash.
- If more than the maximum aggregate amount of Series C and Series D combined are offered for exchange, BCP will allocate new notes on a prorata basis.
- Accrued and unpaid interest will be paid up to, but excluding the settlement date (12.10.2011).
- Securities presented to the offer will be blocked and no deal will be allowed until the exchange.


Please make your selection and notify your Relationship Manager by the deadline set out below.

( ) Option 1 : Accept the offer, present my C Preference Shares and receive in exchange 9.25% senior notes due 2014
(Please tender a minimum p.a. of EUR 83'400 and in integral multiples of EUR 100 thereafter)


( ) Option 2 : Accept the offer, present my C Preference Shares and receive in exchange 13% subordinated notes due 2021
(Please tender a minimum p.a. of EUR 83'400 and in integral multiples of EUR 100 thereafter)

( ) Option 3 : Accept the offer as an ineligible holder and tender my C Preference Shares for cash


( ) Option 4 : Take no action


Be advised that without any answer from you by 28.09.2011, 14:00 (Geneva time), we will apply option 4 "Take no action".
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bosmeld

Forumer storico
parlando di BCP

se non sbaglio, loro vogliono ricomprare fino a 500 milioni di titoli.

ma i loro titoli sono pari a 1 bln. prima vengono soddisfatti gli eligible, quelli ció che hanno almeno 83.400 euro nominali, poi se c'é spazio quelli sotto che vengono rimborsati cash.


probabilmente di spazio per gli ineligible non ci sará (anche se non é detto). cmq resta il fatto che ancora non mi spiego la quotazione.
 
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angy2008

angy2008

Forumer storico
Topgun1976 ha scritto:
Only Ineligible Holders may submit Ineligible Holder Instructions and be eligible to receive an Ineligible Holder
Payment.
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traduco questa frase perchè sembra una comica anche se fila come discorso:
solo i Possessori Ineleggibili possono proporre adesione da Possessori Ineleggibili e essere eleggibili per ricevere un pagamento da Possessore Ineleggibile
 
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