Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
Peco
Forumer storico
Tender Offer con un asta olandese modificata per $ 285 milioni
.Citigroup Inc. annuncia che sta invitando i titolari ammissibili di sua GBP500, 000.000 4,5% a tasso fisso Subordinated Notes scadenza 2031 (ISIN: XS0245936496, i" Sterling Notes ") e EUR1, 250 milioni 4,25% Tasso fisso / variabile Callable Notes subordinati 2030 (ISIN: XS0213026197,
Le Offerte sono fatte sui termini e soggetto alle condizioni contenute nel OPA nota del 3 febbraio 2014 (il " Tender Offer Memorandum ", può essere modificata di volta in volta) dalla Società in relazione alle offerte, e sono oggetto di offerta e di distribuzione restrizioni di seguito enunciate e, come meglio descritto nel Tender Offer Memorandum.
Citi continua a migliorare l'efficienza della sua struttura di finanziamento e di capitale, il mantenimento di una strategia di gestione attiva consente di responsabilità Citi per sostituire il suo superiore cedola e altri titoli meno efficienti a livelli interessanti. Nel 2013, Citi riscattato 12 miliardi dollari di titoli riducendo i costi complessivi di finanziamento. Citigroup continuerà a considerare l'opportunità di riscattare o titoli pronti contro termine, sulla base di diversi fattori, tra cui, senza limitazione, il valore economico, il potenziale impatto sui costi margine di interesse e di indebitamento netto di Citigroup, il tenore residuo complessivo del portafoglio di debito di Citigroup, impatto patrimoniale, nonché condizioni generali del mercato.
.Citigroup Inc. annuncia che sta invitando i titolari ammissibili di sua GBP500, 000.000 4,5% a tasso fisso Subordinated Notes scadenza 2031 (ISIN: XS0245936496, i" Sterling Notes ") e EUR1, 250 milioni 4,25% Tasso fisso / variabile Callable Notes subordinati 2030 (ISIN: XS0213026197,
Le Offerte sono fatte sui termini e soggetto alle condizioni contenute nel OPA nota del 3 febbraio 2014 (il " Tender Offer Memorandum ", può essere modificata di volta in volta) dalla Società in relazione alle offerte, e sono oggetto di offerta e di distribuzione restrizioni di seguito enunciate e, come meglio descritto nel Tender Offer Memorandum.
Citi continua a migliorare l'efficienza della sua struttura di finanziamento e di capitale, il mantenimento di una strategia di gestione attiva consente di responsabilità Citi per sostituire il suo superiore cedola e altri titoli meno efficienti a livelli interessanti. Nel 2013, Citi riscattato 12 miliardi dollari di titoli riducendo i costi complessivi di finanziamento. Citigroup continuerà a considerare l'opportunità di riscattare o titoli pronti contro termine, sulla base di diversi fattori, tra cui, senza limitazione, il valore economico, il potenziale impatto sui costi margine di interesse e di indebitamento netto di Citigroup, il tenore residuo complessivo del portafoglio di debito di Citigroup, impatto patrimoniale, nonché condizioni generali del mercato.
fabriziof
Forumer storico
Uscito anche con lieve danno mitigato dal cambio dal perpetuo banco do brasil di cui abbiamo parlato spesso qui a 76,75,non mi pare il momento di sovrappesare il brasile
Ultima modifica:
Joe Silver
Forumer storico
Sell-off
D'accordissimo
Nelle ultime due settimane (dal limbo 
) ho praticamente azzerato i bond Latam, senza neanche tanto danno per fortuna.
Ora sono fermo al confine messicano.
D'accordissimo
Nelle ultime due settimane (dal limbo ) ho praticamente azzerato i bond Latam, senza neanche tanto danno per fortuna. Ora sono fermo al confine messicano.
fabriziof
Forumer storico
D'accordissimo
Ora sono fermo al confine messicano.
Tu sei persona di buon senso io meno,quindi vendo Brasile ma tengo (almeno un po') di venezuela e argentina
capt.harlock
MENA IL CAMMELLO FAN CLUB
io brasile e argentina
forse e' il gioco delle 3 carte una vince e 2 perdono
Il gioco delle tre carte - YouTube
forse e' il gioco delle 3 carte una vince e 2 perdono
Il gioco delle tre carte - YouTube
nik.sala
Money Never Sleeps
Che ne pensate ?
Exclusive - Lone Star hires advisors for IKB sale as stress tests loom | Reuters
Exclusive - Lone Star hires advisors for IKB sale as stress tests loom
(Reuters) - Private equity investor Lone Star LS.UL has hired Rothschild ROT.UL and Bank of America Merrill Lynch (BAC.N) as advisors for the planned sale of German corporate bank IKB (IKBG.F), two people familiar with the transaction said.
The sale of one of the highest-profile German casualties of the financial crisis is likely to begin shortly, they said, as upcoming European bank health tests put pressure on Lone Star to find a financially robust home for the lender.
"Lone Star has shown that it is ready to exit German banking assets now," said one person close to the sale.
Lone Star, IKB, Rothschild, Bank of America, BNP Paribas, Societe Generale, Santander and HSBC declined to comment.
U.S. investor Lone Star, which owns 91.5 percent of IKB, sold property lender Corealcredit RWBG.UL to Aareal Bank (ARLG.DE) in a 342-million-euro (281 million pounds) deal in December.
IKB was known before the financial crisis mainly as a lender to mid-sized German companies. It required several bailouts from development bank KfW KFW.UL and the German state after its off-balance sheet investment vehicles ran into funding problems in 2007.
Following the rescues, IKB was taken over by KfW, which sold it to Lone Star in August 2008 for 137 million euros.
By late 2012, IKB had returned the last of the 12 billion euros in state guarantees it received from Germany's bank bailout fund Soffin during the crisis, and its Chief Executive Hans Joerg Schuettler said late last year that a restructuring of the lender was now largely complete.
IKB now has a market capitalisation of 432 million euros, but the sources familiar with the sale said the current stock price was unlikely to be a good indication of how much a sale could be worth.
STRESS TEST
Potential buyers will be allowed to bid for individual parts of IKB, one of the sources said, adding that Lone Star aimed to conclude a deal this year.
IKB reported a profit of 8 million euros for the six-month period ending in September, compared with a 51 million-euro loss in the same period last year, mainly because of lower legal and consulting costs.
Bankers said a sale of IKB to a peer with a strong balance sheet may help the German lender pass European bank health checks that the European Central Bank and the European Banking Authority are running this year.
IKB is the smallest German bank deemed important enough to be supervised from November by the ECB rather than the national regulator. IKB said last year it could meet the ECB's demands, but it would not be easy.
Tested banks will need to have minimum Core Tier 1 equity capital of 8 percent of risk-weighted assets by the end of 2013, something IKB described as a "surprisingly harsh" requirement "that left banks little time to react".
IKB's balance sheet totalled 25.8 billion euros at the end of September, compared with 1.65 trillion euros at Deutsche Bank (DBKGn.DE), Germany's largest bank.
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Exclusive - Lone Star hires advisors for IKB sale as stress tests loom | Reuters
Exclusive - Lone Star hires advisors for IKB sale as stress tests loom
(Reuters) - Private equity investor Lone Star LS.UL has hired Rothschild ROT.UL and Bank of America Merrill Lynch (BAC.N) as advisors for the planned sale of German corporate bank IKB (IKBG.F), two people familiar with the transaction said.
The sale of one of the highest-profile German casualties of the financial crisis is likely to begin shortly, they said, as upcoming European bank health tests put pressure on Lone Star to find a financially robust home for the lender.
"Lone Star has shown that it is ready to exit German banking assets now," said one person close to the sale.
Lone Star, IKB, Rothschild, Bank of America, BNP Paribas, Societe Generale, Santander and HSBC declined to comment.
U.S. investor Lone Star, which owns 91.5 percent of IKB, sold property lender Corealcredit RWBG.UL to Aareal Bank (ARLG.DE) in a 342-million-euro (281 million pounds) deal in December.
IKB was known before the financial crisis mainly as a lender to mid-sized German companies. It required several bailouts from development bank KfW KFW.UL and the German state after its off-balance sheet investment vehicles ran into funding problems in 2007.
Following the rescues, IKB was taken over by KfW, which sold it to Lone Star in August 2008 for 137 million euros.
By late 2012, IKB had returned the last of the 12 billion euros in state guarantees it received from Germany's bank bailout fund Soffin during the crisis, and its Chief Executive Hans Joerg Schuettler said late last year that a restructuring of the lender was now largely complete.
IKB now has a market capitalisation of 432 million euros, but the sources familiar with the sale said the current stock price was unlikely to be a good indication of how much a sale could be worth.
STRESS TEST
Potential buyers will be allowed to bid for individual parts of IKB, one of the sources said, adding that Lone Star aimed to conclude a deal this year.
IKB reported a profit of 8 million euros for the six-month period ending in September, compared with a 51 million-euro loss in the same period last year, mainly because of lower legal and consulting costs.
Bankers said a sale of IKB to a peer with a strong balance sheet may help the German lender pass European bank health checks that the European Central Bank and the European Banking Authority are running this year.
IKB is the smallest German bank deemed important enough to be supervised from November by the ECB rather than the national regulator. IKB said last year it could meet the ECB's demands, but it would not be easy.
Tested banks will need to have minimum Core Tier 1 equity capital of 8 percent of risk-weighted assets by the end of 2013, something IKB described as a "surprisingly harsh" requirement "that left banks little time to react".
IKB's balance sheet totalled 25.8 billion euros at the end of September, compared with 1.65 trillion euros at Deutsche Bank (DBKGn.DE), Germany's largest bank.
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