Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3

[TheLondoner]

A quanto le dai via???

solo dinanzi ad una proposta indecente

 

[fabriziof]

Austria Adjusted Law to Allow Bail-In of Heta’s Senior Bonds
By Boris Groendahl - 27/feb/2015 16:29:53

(Bloomberg) -- Austria’s bank resolution law includes a clause that makes it possible to write down the senior bonds of Heta Asset Resolution AG, a wind-down vehicle for a failed Austrian bank, the Finance Ministry said.

The scope of the law, which came into force Jan. 1 to implement the European Union’s Bank Recovery and Resolution Directive, was broadened to explicitly include Heta, which otherwise would have been outside of the law’s perimeter, the ministry said in an e-mailed response to questions. While the law was adjusted from an earlier draft late last year, the ministry never advertised the change.

Heta was set up last year to manage and run off assets of nationalized lender Hypo Alpe-Adria-Bank International AG, which has cost Austrian taxpayers about 5.5 billion euros ($6.2 billion) so far. Its outstanding bonds are around 8.9 billion euros, according to data complied by Bloomberg.

“The instrument to bail in creditors is applicable according to article 162 (6) of the Austrian Bank Recovery and Resolution Law,” the ministry said. “The objectives and purposes of the BRRD would have been at risk as far as Heta is concerned if it had not been included.”

A spokeswoman for the ministry declined to say whether a bail-in will actually be implemented, reiterating comments from Finance Minister Hans Joerg Schelling who said yesterday that he was waiting for the results of an asset review. Those results could trigger a revision of Austria’s Heta strategy, Schelling and Chancellor Werner Faymann have said.

Heta yesterday appointed a new chief executive officer and two new management board members, which are due to take on their jobs in the next months.

Outstanding Bonds

If Austria decided to use the bail-in powers of the law on Heta, it may have to disclose that plan soon. The first major bond due to be repaid since Heta was set up, a 450 million-euro floater, is due March 6. A 500 million-euro floater follows March 20.

The notes maturing March 6 are quoted at about 83 cents on the euro, data compiled by Bloomberg show. The March 20 bonds today gained about 7 cents on the euro, its biggest intraday move ever, rising to 87.5 cents. Heta’s 1.25 billion euros of 4.25 percent senior notes due October 2016 also gained, rising 3.2 cents on the euro to 67.25 cents. That’s the highest since Jan. 20, the data show.

A possible bail-in would be complicated by the fact that Heta’s debt issued before 2007 is covered by a guarantee of the province of Carinthia, raising the question whether creditors that have been written down under the resolution regime can claim the loss against the province.

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] Zoe Schneeweiss, Jeff Black

More articles on Law

l'articolo non spiega la salita dei bonds ,dovuta al parere di s&p: S&P gehe nicht davon aus, dass Österreich die Heta in die Insolvenz schickt. Mit Drohungen, ein Bundesland in die Pleite zu schicken und zwischenstaatliche Verträge der Bundesrepublik Österreich auszuschalten, schade sich Österreich selbst.

 

[lambda]

Lunedì vorrei prendere un altro lotto della gtech 2023. Però devo vendere o la groupama 513 o il coco di db che non risente dell'influsso della bce. Cosa mi consigliate?

 

[antos]

Ing è US4568373017, mentre Axa è la ben nota XS0188935174 a tasso variabile 4%+0,22 Irs.

Grazie.

 

[fabriziof]

l'articolo non spiega la salita dei bonds ,dovuta al parere di s&p: S&P gehe nicht davon aus, dass Österreich die Heta in die Insolvenz schickt. Mit Drohungen, ein Bundesland in die Pleite zu schicken und zwischenstaatliche Verträge der Bundesrepublik Österreich auszuschalten, schade sich Österreich selbst.

Devo dire che le scadenze di marzo mi attirano

 

[bia06]

DB out

Ciao,
io non riesco a farmele piacere le AT1 di DB.....sara´ che non mi fido di comprare loro Co.Co. visto il loro modello di business.

Lunedì vorrei prendere un altro lotto della gtech 2023. Però devo vendere o la groupama 513 o il coco di db che non risente dell'influsso della bce. Cosa mi consigliate?

 

[bia06]

BANCO ESPIR SANTO PTESSMOM0016
BES FINANCE LTD XS0171467854
BANCO COMERC PORTUGUES PTBCPMOM0002
CAIXA GALICIA PREFERENTE XS0237727440
BES FINANCE LTD XS0207754754
BANK OF IRELAND HOLDINGS XS0125611482

Andando a spulciare in cerca di rendimenti decenti mi sono imbattuto in queste vecchie carcasse........qualche buon samaritano puo´ sintetizzare se sono defunte o ancora in vita?
Grasssssie e buona domenica !

 

[fabriziof]

Austria Adjusted Law to Allow Bail-In of Heta’s Senior Bonds
By Boris Groendahl - 27/feb/2015 16:29:53

(Bloomberg) -- Austria’s bank resolution law includes a clause that makes it possible to write down the senior bonds of Heta Asset Resolution AG, a wind-down vehicle for a failed Austrian bank, the Finance Ministry said.

The scope of the law, which came into force Jan. 1 to implement the European Union’s Bank Recovery and Resolution Directive, was broadened to explicitly include Heta, which otherwise would have been outside of the law’s perimeter, the ministry said in an e-mailed response to questions. While the law was adjusted from an earlier draft late last year, the ministry never advertised the change.

Heta was set up last year to manage and run off assets of nationalized lender Hypo Alpe-Adria-Bank International AG, which has cost Austrian taxpayers about 5.5 billion euros ($6.2 billion) so far. Its outstanding bonds are around 8.9 billion euros, according to data complied by Bloomberg.

“The instrument to bail in creditors is applicable according to article 162 (6) of the Austrian Bank Recovery and Resolution Law,” the ministry said. “The objectives and purposes of the BRRD would have been at risk as far as Heta is concerned if it had not been included.”

A spokeswoman for the ministry declined to say whether a bail-in will actually be implemented, reiterating comments from Finance Minister Hans Joerg Schelling who said yesterday that he was waiting for the results of an asset review. Those results could trigger a revision of Austria’s Heta strategy, Schelling and Chancellor Werner Faymann have said.

Heta yesterday appointed a new chief executive officer and two new management board members, which are due to take on their jobs in the next months.

Outstanding Bonds

If Austria decided to use the bail-in powers of the law on Heta, it may have to disclose that plan soon. The first major bond due to be repaid since Heta was set up, a 450 million-euro floater, is due March 6. A 500 million-euro floater follows March 20.

The notes maturing March 6 are quoted at about 83 cents on the euro, data compiled by Bloomberg show. The March 20 bonds today gained about 7 cents on the euro, its biggest intraday move ever, rising to 87.5 cents. Heta’s 1.25 billion euros of 4.25 percent senior notes due October 2016 also gained, rising 3.2 cents on the euro to 67.25 cents. That’s the highest since Jan. 20, the data show.

A possible bail-in would be complicated by the fact that Heta’s debt issued before 2007 is covered by a guarantee of the province of Carinthia, raising the question whether creditors that have been written down under the resolution regime can claim the loss against the province.

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] Zoe Schneeweiss, Jeff Black

More articles on Law

qualcuno qui segue le vicende di Heta asset resolution ossia la bad bank di hypo alpe adria ?ora però siamo giunti a un punto interessante.memtre i sub haa sono stati fatti fuori ,finora i senior che sono finiti nella bad bank non sono stati toccati .ora tra il 6 e 20 marzo vengono a scadenza due bond per un miliardo circa.da tempo in Austria si chiede da più parti il bailin dei senior haa .l'altro giorno s&p ha dichiarato di non credere che l'austria non rimborsi i bond ,e ,forse non a caso,il ministro delle finanze austriaco ha fatto sapere che già esistono gli strumenti legislativi per il bail in dei senior finiti nella bad bank .i quali sul mercato stanno sui 85.finora a livello europeo i senior non erano mai stati toccati ,vediamo nei prossimi giorni che succederà .

 

[Cat XL]

qualcuno qui segue le vicende di Heta asset resolution ossia la bad bank di hypo alpe adria ?ora però siamo giunti a un punto interessante.memtre i sub haa sono stati fatti fuori ,finora i senior che sono finiti nella bad bank non sono stati toccati .ora tra il 6 e 20 marzo vengono a scadenza due bond per un miliardo circa.da tempo in Austria si chiede da più parti il bailin dei senior haa .l'altro giorno s&p ha dichiarato di non credere che l'austria non rimborsi i bond ,e ,forse non a caso,il ministro delle finanze austriaco ha fatto sapere che già esistono gli strumenti legislativi per il bail in dei senior finiti nella bad bank .i quali sul mercato stanno sui 85.finora a livello europeo i senior non erano mai stati toccati ,vediamo nei prossimi giorni che succederà .

Io avevo il 2016 venduto ma continuo a seguire. Ma devo dire che la situazione non mi piace per nulla. Se fai ricerche si parla addirittura di un buco di 5bn e se questi numeri dovessero essere veri allora si rischia moltissimo. Se il buco fosse con uno zero meno farei all-in. Le opposizioni al governo stillano per il bail-in il ministro delle finanze temporeggia...Insomma la cosa non mi attira.

 

[fabriziof]

Io avevo il 2016 venduto ma continuo a seguire. Ma devo dire che la situazione non mi piace per nulla. Se fai ricerche si parla addirittura di un buco di 5bn e se questi numeri dovessero essere veri allora si rischia moltissimo. Se il buco fosse con uno zero meno farei all-in. Le opposizioni al governo stillano per il bail-in il ministro delle finanze temporeggia...Insomma la cosa non mi attira.

Io ho un pochino di agosto 2015 in CHF taglio 5k ,mi sa che domani approfitto del rialzo di venerdì ed esco .