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

[Léon D.]

Non so fare la copia della mia schermata, ma da quella pagina non vedo il 3d delle P. Lo devo cercare con google

Per me invece tutto normale.

 

[caligola2005]

acquistate a 57 comm industria

 

[wartburg_12]

Non so fare la copia della mia schermata, ma da quella pagina non vedo il 3d delle P. Lo devo cercare con google

mmmhhhh vediamo un pò, provo a chiedere lumi alle alte sfere !

(please, se c'è qualcun altro che ha lo stesso problema lo scriva qui !!!)

 

[angy2008]

Scusate, ma sono solo io che non riesco a vedere il 3d delle Perpetue dalla schermata principale della sezione obbligazioni?

qualcosa deve essere stato cambiato. Io normalmente arrivo cliccando sui miei preferiti e da due giorni mi dice che l'indirizzo è errato. Però altri link che ho nei preferiti sempre di IO funzionano bene e allora clicco quelli e poi passo dalla schermata principale e arrivo qui.

 

[Massimum]

qualcosa deve essere stato cambiato. Io normalmente arrivo cliccando sui miei preferiti e da due giorni mi dice che l'indirizzo è errato. Però altri link che ho nei preferiti sempre di IO funzionano bene e allora clicco quelli e poi passo dalla schermata principale e arrivo qui.

Succedeva anche a me. Ho salvato un nuovo preferito più avanti di circa 3000 pagine ed ora funziona il link diretto.
Non è che le pagine vecchie sono state archiviate?

 

[angy2008]

Questi son pazzi, vogliono davvero mandare a put.tane il mercato...

EU Writedown Plan Puts Banks’ Long-Term Debt in Firing Line

By Jim Brunsden and Ben Moshinsky - Nov 30, 2011
Owners of long-term unsecured debt in a collapsing bank would be first in line to take losses under draft plans from the European Union to protect taxpayers’ money from future bailouts.
Short-term debt, with a less than one-year maturity, and derivatives should only be written down by regulators as a last resort if losses from longer-term debt aren’t “sufficient to restore the capital of the institution and enable it to operate as a going concern,” according to a draft European Commission proposal obtained by Bloomberg News.
“They are terrified of inadvertently killing off the interbank market,” Simon Gleeson, a financial services lawyer at Clifford Chance LLP in London, said in a telephone conversation. “This is a desperate attempt” to preserve it.
EU Financial Services Commissioner Michel Barnier had delayed proposing the law, which was originally scheduled to be released in September, because of market turbulence. TheBloomberg Europe Banks and Financial Services Index (BEBANKS) has fallen 34.7 percent in the past year on concerns lenders have been weakened by the European sovereign debt crisis.
The commission may further delay publication of the measures until the start of next year to avoid them being unveiled at a time when they could add to volatility on financial markets, an EU official said earlier this month.
“The commission has to be very careful indeed at this critical phase of the economic cycle about adding further burdens on the ability of financial institutions to fund their operations,” said Richard Reid, research director for the International Centre for Financial Regulation.
Liquidity Supply

The EU plan would help “maintain the supply of liquidity and minimize the negative externalities on the interbank marketand derivatives market” in the event of the failure of a bank, according to the draft proposals.
Under the proposals, unsecured senior bondholders of banks would take losses only after a lender’s capital and then the rest of its subordinated debt had already been wiped out.
By imposing losses on long-term senior unsecured debt ahead of short-term debt and derivatives, the proposals go against the normal principle in insolvency law that creditors in the same class should be treated equally, according to the EU draft.
Banks would have to pay into national funds to help cover the costs of bank failure, under the measures. These funds should have financing equivalent to the higher of 1.5 percent of deposits that are guaranteed by law or 0.3 percent of banks’liabilities other than the “own funds of the institutions.”
‘Going Concern’

The euro area’s bail-out fund, the European Financial Stability Facility, could be used to top up these funds in exceptional circumstances, the draft says.
Banks that continue as a “going concern” after losses are imposed on their creditors should be forced to replace their management and restructure, according to the draft rules.
Banks will have to hold minimum amounts of longer-term funding to prevent them from exploiting the commission’s plan to shield short-term debt from writedowns.
Lenders should be forced at all times to hold funding “with an original maturity of at least one year” equivalent to a minimum of 10 percent of their liabilities, according to the document.
The U.K.’s Independent Commission on Banking, led by John Vickers, had similar ideas for financial stability, Bob Penn, a lawyer at Allen & Overy LLP, said in a telephone interview in London.
Vickers Report

“This is going in the same direction as Vickers,” Penn said. “Ten percent sounds like a similar measure to the primary loss-absorbing capacity in Vickers.”
The draft proposal exempts secured liabilities, as well as so-called repos and other liabilities secured by collateral, from the debt-writedown measures.
Bonuses aren’t protected under the plan and may be clawed back to shore up bank capital, according to the draft.
“That idea is new,” Gleeson said. “What it may do is accelerate the shift in bankers’ pay from bonus to salary.”
The proposals also include requirements for banks to draw up so-called living wills showing how they could be wound down if they fail.
Living Wills

Regulators would have the right to impose “changes to legal or operational structures” at banks to ensure their living wills could be executed, the draft says.
Lenders that fail to make living wills and agree on their content with national regulators may face fines of as much as 10 percent of their annual revenue, the draft says. Banks may also be punished for failing to alert regulators that they are close to collapse.
Separately, EU nations said last month that they will temporarily guarantee lenders’ bond issuance in order to open up the bank-lending market.
Temporarily protecting creditors from losses “would help banks continue their lending activities in 2012,” the European Banking Authority said on Oct. 26 “Banks may find it difficult to address their funding needs” next year without support, the EBA said.
A spokeswoman for the commission in Brussels declined to comment.
To contact the reporters on this story: Jim Brunsden in Brussels at [email protected]; Ben Moshinsky in London at [email protected].

questa gente a forza di scrivere cap.zate porterà alla scomparsa della civiltà. Se ci sono delle regole vanno rispettate, almeno per il debito in essere. Proseguendo sulla strada degli starvolgimenti si arriva da subito, e forse ci siamo già, alla crisi di fiducia su tutto e dopo poco al caos totale.

 

[Rottweiler]

Come ricordato da Top, i termini dell'offer di SocGen sono stati estesi di 2 giorni. Qualcuno sa se sono slittati di 2 giorni anche la comunicazione dei risultati e il settlement?

I risultati mi pare di aver letto da qlc parte verranno comunicati il 19 Dic,però prendila con le molle

Notizie dell'ultima ora mi dicono che le nuove date sono: annuncio risultati il 2 dicembre e perfezionamento il 6. Qualcuno può confermare?

 

[negusneg]

Italease continua a non pagare:

NOTICE TO INVESTORS
relating to the​

[FONT=BookAntiqua,Bold][FONT=BookAntiqua,Bold]

BANCA ITALEASE CAPITAL TRUST​

[/FONT]​

[/FONT](“Issuer”)​

[FONT=BookAntiqua,Bold][FONT=BookAntiqua,Bold]

€​

[/FONT]​

[/FONT][FONT=BookAntiqua,Bold][FONT=BookAntiqua,Bold]150,000,000 Aggregate Liquidation Preference of Non-cumulative Guaranteed Floating Rate
Perpetual Trust Preferred Securities​

[/FONT][/FONT]

(liquidation preference​

​

​

​

€50,000, plus integral multiples of €1,000 above €50,000, per Trust Preferred Security)
representing a corresponding amount of​

[FONT=BookAntiqua,Bold][FONT=BookAntiqua,Bold]

Non-cumulative Guaranteed Floating Rate Perpetual LLC Preferred Securities of
BANCA ITALEASE FUNDING LLC​

[/FONT]​

[/FONT](“Company”)​

guaranteed on a subordinated basis by​

BANCA ITALEASE S.p.A (“Guarantor” or “Bank”)
(ISIN: XS0255673070) (Common Code: 025567307)
(“Trust Preferred Securities” and “LLC Preferred Securities”, together the “Preferred Securities”)​

Capitalized terms used herein and not otherwise defined will have the same meaning given to them in the Amended and Restated
Limited Liability Agreement dated 6 June 2006 (“​

​

​

​

LLC Agreement”), the Amended and Restated Trust Agreement dated 6 June 2006
(“Trust Agreement”) or in the base prospectus dated 5 June 2006 (“Prospectus”) as applicable.​

Dividend Payments Suspension​

On November 28, 2011, the Bank instructed the Company (which, in turn, notified the Trust) that, since:
(i) the Bank has not paid dividends on any class of its share capital based on such accounts, and
(ii) none of the other conditions triggering the payment of Mandatory Dividends occurred,
notwithstanding the Bank realized profits exclusively due to the adhesion to the fiscal consolidated account of the group
Banco Popolare, considering that such profits would not have been realized by the Bank in the absence of such adhesion,
according to the last non-consolidated accounts approved by the Bank the 28 April 2011, Dividends will not be paid on
the Dividend Payment Date falling on December 6, 2011.
As a consequence, we hereby inform you that, pursuant to Section 6.2(c) of the Trust Agreement, no Dividends will be​

paid on the Trust Preferred Securities on the Dividend Payment Date falling on December 6, 2011.

 

[apudmontem]

Ciao a tutti,

qualche prezzo di iw, ore 15:35

BPCE 558 65/66 a 68 MM non ha risposto, succssiva a 68
BP Lodi 512 49,50/50 succ 51 e 52
BARCLAYS 199 45,5/46 MM non ha risposto a 46
AXA 174 49/51 acqu.
B Pop Bergamo 394 57/59
B Pop Comm e Ind.450 59/60

P.S. la visione della sezione FORUM dell'IO è normale

 

[negusneg]

Notizie dell'ultima ora mi dicono che le nuove date sono: annuncio risultati il 2 dicembre e perfezionamento il 6. Qualcuno può confermare?

In accordance with the “Termination and Amendment” section of the Tender Offer Memorandum, the Offeror hereby announces that the Tender Offer shall be extended as follows:

​

​

Events Times and Dates​

Expiration Time .........................................................................................

Deadline for receipt by the relevant Tender Agent of Paper Acceptance Notices

and Electronic Instruction Notices.
Noteholders should note that Electronic Instruction Notices must be submitted in
accordance with the deadlines of the relevant Clearing System to have such
Electronic Instruction Notice reflected in a Paper Acceptance Notice (as
applicable).
End of Tender Offer Period.​

at 16:00 hours CET on 1st December 2011

Announcement of the results of the Tender Offer..............................................​

Details of the final aggregate principal amount of Notes of each Series accepted

for purchase pursuant to the Tender Offer, the Accrued Interest in respect of

each Series and the Tender Pro-Rating Factor (if applicable) will be distributed
via the Clearing Systems and published by way of announcement on a Notifying
News Service and on the LSE website (www.bourse.lu).
at or around 15:00 hours CET on 2 December 2011​

​

Settlement Date.............................................................................................. ​

6 December 2011
Settlement of the Tender Offer.
Payment of the Tender Consideration in respect of Notes accepted for purchase.​