Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (1 Viewer)

bia06

bia06

Listen other's viewpoint avoid conflicts & wars.
Obbligazioni in valute diverse da USD, GBP ed Eur.

Sto cercando qualche isin interessante per 100k€ equivalente da investire in valute alternative. TRY, BRL, RUB, altro. Idee? Grazie?
 

fabriziof

Forumer storico
fabriziof ha scritto:
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 .
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fine dei giochi?
Heta wird abgewickelt, die Gläubiger müssen bluten - derStandard.at
Austria imposes debt moratorium on Heta bad bank | Reuters
 
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Rottweiler

Rottweiler

Forumer storico
bia06 ha scritto:
La pressione politica per haircut anche sui sub ex HAA e´ fortissima....okkio...
Clicca per allargare...

Bia:

mi sa che non sei aggiornatissimo sul "funerale" di HAA.

I suoi subordinati hanno perso qualsiasi segno di vita da tempo.

La questione sul tappeto (vedi articolo sotto) è infinitamente più pesante: saranno penalizzati, nel processo di liquidazione, anche i senior?

La questione non sarebbe bella, in termini di immagine, per il sistema bancario austriaco.
E poi c'è chi, in altri forums, afferma, ancora oggi, dall'alto della propria esperienza di trader "blasonato", che in Europa (e in Italia) il taglio dei subordinati non può avvenire perchè evento "troppo traumatico"...

Austria Adjusted Law to Allow Bail-In of Heta’s Senior Bonds

February 27, 2015

(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.
 

fabriziof

Forumer storico
Rottweiler ha scritto:
Bia:

mi sa che non sei aggiornatissimo sul "funerale" di HAA.

I suoi subordinati hanno perso qualsiasi segno di vita da tempo.

La questione sul tappeto (vedi articolo sotto) è infinitamente più pesante: saranno penalizzati, nel processo di liquidazione, anche i senior?

La questione non sarebbe bella, in termini di immagine, per il sistema bancario austriaco.
E poi c'è chi, in altri forums, afferma, ancora oggi, dall'alto della propria esperienza di trader "blasonato", che in Europa (e in Italia) il taglio dei subordinati non può avvenire perchè evento "troppo traumatico"...

Austria Adjusted Law to Allow Bail-In of Heta’s Senior Bonds

February 27, 2015

(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.
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intanto moratoria di un anno sul ripagamento dei senior,notizia di un ora fa vedi post precedenti.haircut sui senior soluzione più probabile secondo me
 
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Cat XL

Cat XL

Shizuka Minamoto
Rottweiler ha scritto:
Bia:

mi sa che non sei aggiornatissimo sul "funerale" di HAA.

I suoi subordinati hanno perso qualsiasi segno di vita da tempo.

La questione sul tappeto (vedi articolo sotto) è infinitamente più pesante: saranno penalizzati, nel processo di liquidazione, anche i senior?

La questione non sarebbe bella, in termini di immagine, per il sistema bancario austriaco.
E poi c'è chi, in altri forums, afferma, ancora oggi, dall'alto della propria esperienza di trader "blasonato", che in Europa (e in Italia) il taglio dei subordinati non può avvenire perchè evento "troppo traumatico"...

Austria Adjusted Law to Allow Bail-In of Heta’s Senior Bonds

February 27, 2015

(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.
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Rott questi austriaci non scherzano. A questo punto un h/c dei senior e' nelle cose se la relazione su Heta dovesse confermare le indiscrezioni che parlano di uno shortfall consistente. Verebbero penalizzati tutti i senior/subordinati austriaci a partire da RZB fino al sovereign austriaco.
 
cris71

cris71

Forumer storico
Cat XL ha scritto:
Rott questi austriaci non scherzano. A questo punto un h/c dei senior e' nelle cose se la relazione su Heta dovesse confermare le indiscrezioni che parlano di uno shortfall consistente. Verebbero penalizzati tutti i senior/subordinati austriaci a partire da RZB fino al sovereign austriaco.
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Mi hai anticipato, sono curioso di vedere i senior di rzb
 

fabriziof

Forumer storico
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