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

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amorgos34 ha scritto:
By Charles Daly
Jan. 28 (Bloomberg) -- A voluntary liability management
exercise (LME) of subordinated debt rather than coercive action
(a forced bail-in) is the likely first step in any potential
recapitalization of SNS REAAL (Baa3/BBB-/BBB+), says MUFJ credit
analyst Eva Olsson in an interview.
• LME route means bank could buy back tier 1 debt at a discount to par, in turn generating core tier 1 capital
• T1 debt issues paying coupons of 11.25% and 6.258% currently quoted at prices of 53.318 and 39.929 respectively, according to Bloomberg data
• Estimates if bank offered to take out these two bonds at 10% over current market price could generate ~EU200m of CT1 capital
• Alternative to LME is coercive action, so decision on next steps is binary and “high risk:” MUFJ
• Any bail-in could force bondholders to take a much worse haircut, depends largely on political decisions: MUFJ
• NOTE: SNS junior bonds stem decline on speculation it will sell stake
• NOTE: Earlier, Dutch Finance Minister said bank debt should be fully subject to bail-in
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Charles Daly in Stockholm at +46-8-610-0717 or
[email protected]

To contact the editor responsible for this story:
Deborah L Hyde at +44-20-3216-4829 or
[email protected]
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con un 10% sopra i prezzi attuali non credo raccolgano granchè, a meno che tenersele non sia l'opzione peggiore
 
Joe Silver ha scritto:
In tutto questo bailamme, a sorpresa i CDS restano abbastanza stabili : sui 380 per il senior 5y. Boh :eek:
Intanto ho provato ad acquistare la ASR 7,25% con IW. Impresa disperata :wall: Una sola controparte che espone lettera a 102 e che poi rilancia a 106,5. Naturalmente l'ho mandata a spigolare.
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Ciao
scusa , ma posso risponderti solo ora , venerdì acq con bink asr 7,25 a 102,75 e 102,8 la 10% invece sempre con bink a 115,8 se non ricordo male
Oggi fermo .
 
amorgos34 ha scritto:
By Charles Daly
Jan. 28 (Bloomberg) -- A voluntary liability management
exercise (LME) of subordinated debt rather than coercive action
(a forced bail-in) is the likely first step in any potential
recapitalization of SNS REAAL (Baa3/BBB-/BBB+), says MUFJ credit
analyst Eva Olsson in an interview.
• LME route means bank could buy back tier 1 debt at a discount to par, in turn generating core tier 1 capital
• T1 debt issues paying coupons of 11.25% and 6.258% currently quoted at prices of 53.318 and 39.929 respectively, according to Bloomberg data
• Estimates if bank offered to take out these two bonds at 10% over current market price could generate ~EU200m of CT1 capital
• Alternative to LME is coercive action, so decision on next steps is binary and “high risk:” MUFJ
• Any bail-in could force bondholders to take a much worse haircut, depends largely on political decisions: MUFJ
• NOTE: SNS junior bonds stem decline on speculation it will sell stake
• NOTE: Earlier, Dutch Finance Minister said bank debt should be fully subject to bail-in
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Charles Daly in Stockholm at +46-8-610-0717 or
[email protected]

To contact the editor responsible for this story:
Deborah L Hyde at +44-20-3216-4829 or
[email protected]
Clicca per allargare...

Certo se la strada fosse questa no credo che aspetteranno molto a comporre un offerta, o sbaglio?
 
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