darkog
In Hoc Signo Vince..
Uno dei titoli con maggiore percentuale all'interno del mio pft. Non mi spiego anch'io il prezzo così basso..
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
Uno dei titoli con maggiore percentuale all'interno del mio pft. Non mi spiego anch'io il prezzo così basso..
Vet
Forumer storico
il 75%..? mi sembra ancora poco...e dove c..azz. vanno se escono fuori dall' Euro...per me la Grecia sta all' Europa come quella fidanzata che ti dice sempre che ti lascia ......ma non ti lascia MAI.....ma se per caso dovesse farlo c'è da festeggiare alla grande...
darkog
In Hoc Signo Vince..
Raiffeisen CFO Gruell Moves to Reassure Market on Capital - Bloomberg
Raiffeisen Bank International AG (RBI) Chief Financial Officer Martin Gruell told investors not to be concerned about the Austrian bank’s capital levels or a possible cash call as bond and share prices continued to decline.
“Despite ongoing speculation, I want to reassure the market that no capital increase is planned,” Gruell said in an e-mailed response to questions from Bloomberg News. “RBI will continue to comfortably meet all regulatory capital requirements. However, in order to further strengthen the capital ratios, we continue to evaluate and implement various other measures.”
The comments came after analysts at JPMorgan Chase & Co wrote last week that Raiffeisen, the international arm of an Austrian cooperative banking group, may cause a “domino effect” of capital shortfalls if it’s forced into a dilutive cash call. The analysts cited risks in Russia, Ukraine and Asia as well as the appreciating Swiss franc.
The shares closed at 9.93 euros in Vienna, a record low, down 2.7 percent on the day. They have decreased about 21 percent this year, cutting the company’s market capitalization to 2.9 billion euros ($3.3 billion).
Bond Plunge
Bonds of Raiffeisen and lenders in its group extended the declines that have made the securities the biggest losers in Bank of America Merrill Lynch’s Euro Financial High Yield index year to date.
Junior bonds of Raiffeisen Zentralbank Oesterreich AG, owner of a 61 percent stake in the Vienna-based lender, plunged 8.9 cents on the euro to 34 cents, the lowest since 2009. The undated securities, which Standard & Poor’s cut to BB- from BB on Jan. 23, have declined almost 48 percent this year. The rating, which S&P said it may cut again by as much as another two levels, is three steps below investment grade.
Raiffeisen’s 500 million euros of 6 percent notes maturing in October 2023 added to declines that have cut their market value by 30 percent this year, falling 5 cents on the euro to 64.18 cents.
Raiffeisen last tapped equity markets with a 2.8 billion-euro share sale last January. It is the second-biggest lender in eastern Europe after UniCredit SpA. The lender has said in the past that it seeks to improve its capital ratios by selling or securitizing assets and that it could restructure or sell units that are unprofitable or tie up too much capital.
The Raiffeisen cooperative group goes back to 19th century German reformer Friedrich Wilhelm Raiffeisen. About 490 local lenders and nine regional banks carry out the domestic business in towns and villages across the country. Collectively, they have assets of 282 billion euros, equivalent to 87 percent of Austria’s 323 billion-euro economy.
To contact the reporter on this story: Boris Groendahl in Vienna at [email protected]
To contact the editors responsible for this story: Patrick Henry at [email protected] Simone Meier
Raiffeisen Bank International AG (RBI) Chief Financial Officer Martin Gruell told investors not to be concerned about the Austrian bank’s capital levels or a possible cash call as bond and share prices continued to decline.
“Despite ongoing speculation, I want to reassure the market that no capital increase is planned,” Gruell said in an e-mailed response to questions from Bloomberg News. “RBI will continue to comfortably meet all regulatory capital requirements. However, in order to further strengthen the capital ratios, we continue to evaluate and implement various other measures.”
The comments came after analysts at JPMorgan Chase & Co wrote last week that Raiffeisen, the international arm of an Austrian cooperative banking group, may cause a “domino effect” of capital shortfalls if it’s forced into a dilutive cash call. The analysts cited risks in Russia, Ukraine and Asia as well as the appreciating Swiss franc.
The shares closed at 9.93 euros in Vienna, a record low, down 2.7 percent on the day. They have decreased about 21 percent this year, cutting the company’s market capitalization to 2.9 billion euros ($3.3 billion).
Bond Plunge
Bonds of Raiffeisen and lenders in its group extended the declines that have made the securities the biggest losers in Bank of America Merrill Lynch’s Euro Financial High Yield index year to date.
Junior bonds of Raiffeisen Zentralbank Oesterreich AG, owner of a 61 percent stake in the Vienna-based lender, plunged 8.9 cents on the euro to 34 cents, the lowest since 2009. The undated securities, which Standard & Poor’s cut to BB- from BB on Jan. 23, have declined almost 48 percent this year. The rating, which S&P said it may cut again by as much as another two levels, is three steps below investment grade.
Raiffeisen’s 500 million euros of 6 percent notes maturing in October 2023 added to declines that have cut their market value by 30 percent this year, falling 5 cents on the euro to 64.18 cents.
Raiffeisen last tapped equity markets with a 2.8 billion-euro share sale last January. It is the second-biggest lender in eastern Europe after UniCredit SpA. The lender has said in the past that it seeks to improve its capital ratios by selling or securitizing assets and that it could restructure or sell units that are unprofitable or tie up too much capital.
The Raiffeisen cooperative group goes back to 19th century German reformer Friedrich Wilhelm Raiffeisen. About 490 local lenders and nine regional banks carry out the domestic business in towns and villages across the country. Collectively, they have assets of 282 billion euros, equivalent to 87 percent of Austria’s 323 billion-euro economy.
To contact the reporter on this story: Boris Groendahl in Vienna at [email protected]
To contact the editors responsible for this story: Patrick Henry at [email protected] Simone Meier
solovaloreaggiunto
Forumer storico
RZB May Offer Its 5.169% T1 in Exchange for New AT1: ING says
-- “High probability” RZB’s 5.169% T1 note
will be subject to a liability management exercise with the co.
offering it in exchange for a new AT1 prior to the call date,
Suvi Kosonen, analyst at ING, writes in client note.
* Cites Russian and Ukrainian uncertainties, as well as the
SNB’s actions, providing pressure on RZB and RBI earnings
* The T1 note has a call in May 2016, after which is falls out
of regulatory capital calculations
* NOTE: RZB 5.169% Tier 1s currently 4.2 pts lower at 41.75,
Bloomberg prices show, lowest level since Dec. 2011; more
here
* NOTE: Raiffeisen Zentralbank Oesterreich (RZB) owns 61% of
Raiffeisen Bank International (RBI)
* NOTE: Raiffeisen Doesn’t Plan Capital Increase, CFO Gruell
Says
-- “High probability” RZB’s 5.169% T1 note
will be subject to a liability management exercise with the co.
offering it in exchange for a new AT1 prior to the call date,
Suvi Kosonen, analyst at ING, writes in client note.
* Cites Russian and Ukrainian uncertainties, as well as the
SNB’s actions, providing pressure on RZB and RBI earnings
* The T1 note has a call in May 2016, after which is falls out
of regulatory capital calculations
* NOTE: RZB 5.169% Tier 1s currently 4.2 pts lower at 41.75,
Bloomberg prices show, lowest level since Dec. 2011; more
here
* NOTE: Raiffeisen Zentralbank Oesterreich (RZB) owns 61% of
Raiffeisen Bank International (RBI)
* NOTE: Raiffeisen Doesn’t Plan Capital Increase, CFO Gruell
Says
cris71
Forumer storico
È da circa un anno che si ipotizza l'emissione di un At1 , più volte citato anche da Sevelda...aggiungo e la 609 con tutte le sue caratteristiche?
Rottweiler
Forumer storico
Questo analista di ING (finlandese?) deve essere un tipo oltremodo informato oppure oltremodo immaginifico...
Se Raiffeisen riuscisse a tranquillizzare i mercati, tutto potrebbe essere.
Se non vi riuscisse, quale cedola dovrebbe essere attaccata ad un AT1 di Raiffeisen, visti gli yields di T1 e T2?
Sarebbe interessante sapere come quel signore giudica la situazione russa della banca e come ne uscirà...
cris71
Forumer storico
Rzb
Il CEO nega l'ipotesi di cessione filiale russa
Raiffeisen: Gerüchte und Dementi zum Ausstieg aus Russland - Raiffeisen - derStandard.at ? Wirtschaft
Il CEO nega l'ipotesi di cessione filiale russa
Raiffeisen: Gerüchte und Dementi zum Ausstieg aus Russland - Raiffeisen - derStandard.at ? Wirtschaft
marc
Forumer storico
Uno dei titoli con maggiore percentuale all'interno del mio pft. Non mi spiego anch'io il prezzo così basso..
anche io lo seguo..
la lettera e' sempre abbondante..e non capisco il motivo e' piombata
Martilde
Forumer attivo
Esposizione a DKK
Io per avere esposizione su DKK ho preso il seguente fondo:
Nordea-1 Danish Kroner Reserve E DKK
Io per avere esposizione su DKK ho preso il seguente fondo:
Nordea-1 Danish Kroner Reserve E DKK
Similar threads
- Bloccata
Obbligazioni perpetue e subordinate
Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2
- Bloccata
Obbligazioni perpetue e subordinate
Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1
