russiabond
Il mito, la leggenda.
...pensa te se UBI si pappa Veneto o Vicenza ...quanta strada devono ancora fare le 2... 9,50%
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (5 lettori)
- Creatore Discussione Joe Silver
- Data di Inizio
warren baffo
Forumer storico
...pensa te se UBI si pappa Veneto o Vicenza ...quanta strada devono ancora fare le 2... 9,50%
...o quanta ne deve fare questa indietro
nik.sala
Money Never Sleeps
Ciao vet, vedi usd quindi non bene ?!
Non pensi potrebbe tornare in area 1.07 ?!
Vet
Forumer storico
saperlo.... per il momento ciondola tra 1.12 e 1.13...... e fino a due mesi fa parlvano di parita... e proprio questa incertezza che mi lascia perplesso su obbligazioni in usd .... naturalmenre ci si puo sempre coprire dal rischio cambio ..: come ben sai
lagonzaga
Forumer attivo
Deutsche Bank: nel I trimestre risultati in calo ma sopra le attese
Inviato da Valeria Panigada il Gio, 28/04/2016 - 07:57
Trimestrale in calo ma migliore del previsto per Deutsche Bank. La banca tedesca ha riportato nel primo trimestre dell'anno ricavi pari a 8,1 miliardi di euro, in ribasso del 22% rispetto al corrispondente periodo del 2015, ma sopra le aspettative del mercato ferme a 7,66 miliardi. L'utile netto è sceso del 58% a 236 milioni contro l'aspettativa di una perdita. I risultati riflettono la volatilità dei mercati finanziari. E' la prima trimestrale di Deutsche Bank dopo la nuova struttura, annunciata lo scorso ottobre sotto la guida del nuovo amministratore delegato John Cryan, che ha iniziato a luglio.
Inviato da Valeria Panigada il Gio, 28/04/2016 - 07:57
Trimestrale in calo ma migliore del previsto per Deutsche Bank. La banca tedesca ha riportato nel primo trimestre dell'anno ricavi pari a 8,1 miliardi di euro, in ribasso del 22% rispetto al corrispondente periodo del 2015, ma sopra le aspettative del mercato ferme a 7,66 miliardi. L'utile netto è sceso del 58% a 236 milioni contro l'aspettativa di una perdita. I risultati riflettono la volatilità dei mercati finanziari. E' la prima trimestrale di Deutsche Bank dopo la nuova struttura, annunciata lo scorso ottobre sotto la guida del nuovo amministratore delegato John Cryan, che ha iniziato a luglio.
bia06
Listen other's viewpoint avoid conflicts & wars.
Per Negus (update file, nuova emissione odierna).
Una domanda: come si posiziona Bankinter a livello di solidita´? Voglio dire a quale altra banca la paragonereste?
Gli ultimi articoli che ho letto su Santander (perdite in Sud America ecc) e BBVA sono tutt´altro che positivi.
new BANKINTER S.A. € Pnc5 AT1 – IPTs of 9% area...
Issuer: Bankinter, S.A.
Preferred Securities: [•] Non-Cumulative Contingent Convertible Perpetual Preferred Additional Tier 1 Securities
Status: The obligations of the Bank under the Preferred Securities constitute direct, unconditional, unsecured and subordinated obligations of the Bank and, in accordance with Additional Provision 14.2º of Law 11/2015 but subject to any other ranking that may apply as a result of any mandatory provision of law (or otherwise), for so long as the obligations of the Bank in respect of the Preferred Securities constitute an Additional Tier 1 Instrument, rank:
a) pari passu with each other and with any other Parity Securities,
b) junior to any unsubordinated obligations of the Bank not constituting Additional Tier 1 instruments
c) senior to the Ordinary Shares or any other subordinated obligations of the Bank which to the extent permitted by law rank junior to the Preferred Securities
Expected Issue ratings: Ba3 (Moody‘s)
Currency: EUR RegS
Nominal Amount: €200mm (no grow)
Pricing Date: 28 April 2016
Settlement Date: 10 May 2016 (the “Closing Date”)
Maturity: Perpetual
Optional Redemption: Optional redemption at the option of the Bank in full at the First Reset Date, 10 May 2021 and then at any time thereafter, subject to the prior consent of the Regulator and in accordance with Applicable Banking Regulations
Early Redemption: Upon a Capital Event or a Tax Event, the Preferred Securities may be redeemed, in whole but not in part, at the option of the Bank, subject to prior regulatory consent and in accordance with the Applicable Banking Regulations
Capital Event: If at any time on or after the Closing Date, a change (or any pending change which the Regulator considers sufficiently certain) in the regulatory classification of the Preferred Securities that results (or would result) in:
i) the exclusion of any of the outstanding aggregate Liquidation Preference of the Preferred Securities from the Group's Additional Tier 1 Capital; or
ii) the reclassification of any of the outstanding aggregate Liquidation Preference of the Preferred Securities as a lower quality form of own funds of the Group in accordance with the Applicable Banking Regulations
Tax Event: If at any time on or after the Closing Date, a change in, or amendment to, the laws or regulations of Spain or any change in the application of such laws or regulations that results in:
a) the Bank not being entitled to claim a deduction in computing taxation liabilities in Spain in respect of any Distribution or the value of such deduction to the Bank being materially reduced, or
b) the Bank being required to pay additional amounts, or
c) the applicable tax treatment of the Preferred Securities being materially affected, and in each case such events cannot be avoided by the Bank taking reasonable measures available to it
First Reset Date: 10 May 2021
Distributions: [●]% per annum, payable quarterly in arrear. Subsequently reset on the First Reset Date and every 5 years thereafter to be the sum of the then prevailing 5 year Euro mid-swap rate plus the Initial Margin payable quarterly in arrear
IPTs: 9.00% area (quarterly coupon)
Re-offer yield: [●]% on an annual basis
Re-offer spread: [●]bps (the “Initial Margin”)
Mid-Swap: 5yr spot reference at [●]%
Re-offer price: 100%
Day Count: Actual/Actual ICMA
Business Days: TARGET
Business Day convention:Following Business Day Convention
Denominations: €200,000 only
Una domanda: come si posiziona Bankinter a livello di solidita´? Voglio dire a quale altra banca la paragonereste?
Gli ultimi articoli che ho letto su Santander (perdite in Sud America ecc) e BBVA sono tutt´altro che positivi.
new BANKINTER S.A. € Pnc5 AT1 – IPTs of 9% area...
Issuer: Bankinter, S.A.
Preferred Securities: [•] Non-Cumulative Contingent Convertible Perpetual Preferred Additional Tier 1 Securities
Status: The obligations of the Bank under the Preferred Securities constitute direct, unconditional, unsecured and subordinated obligations of the Bank and, in accordance with Additional Provision 14.2º of Law 11/2015 but subject to any other ranking that may apply as a result of any mandatory provision of law (or otherwise), for so long as the obligations of the Bank in respect of the Preferred Securities constitute an Additional Tier 1 Instrument, rank:
a) pari passu with each other and with any other Parity Securities,
b) junior to any unsubordinated obligations of the Bank not constituting Additional Tier 1 instruments
c) senior to the Ordinary Shares or any other subordinated obligations of the Bank which to the extent permitted by law rank junior to the Preferred Securities
Expected Issue ratings: Ba3 (Moody‘s)
Currency: EUR RegS
Nominal Amount: €200mm (no grow)
Pricing Date: 28 April 2016
Settlement Date: 10 May 2016 (the “Closing Date”)
Maturity: Perpetual
Optional Redemption: Optional redemption at the option of the Bank in full at the First Reset Date, 10 May 2021 and then at any time thereafter, subject to the prior consent of the Regulator and in accordance with Applicable Banking Regulations
Early Redemption: Upon a Capital Event or a Tax Event, the Preferred Securities may be redeemed, in whole but not in part, at the option of the Bank, subject to prior regulatory consent and in accordance with the Applicable Banking Regulations
Capital Event: If at any time on or after the Closing Date, a change (or any pending change which the Regulator considers sufficiently certain) in the regulatory classification of the Preferred Securities that results (or would result) in:
i) the exclusion of any of the outstanding aggregate Liquidation Preference of the Preferred Securities from the Group's Additional Tier 1 Capital; or
ii) the reclassification of any of the outstanding aggregate Liquidation Preference of the Preferred Securities as a lower quality form of own funds of the Group in accordance with the Applicable Banking Regulations
Tax Event: If at any time on or after the Closing Date, a change in, or amendment to, the laws or regulations of Spain or any change in the application of such laws or regulations that results in:
a) the Bank not being entitled to claim a deduction in computing taxation liabilities in Spain in respect of any Distribution or the value of such deduction to the Bank being materially reduced, or
b) the Bank being required to pay additional amounts, or
c) the applicable tax treatment of the Preferred Securities being materially affected, and in each case such events cannot be avoided by the Bank taking reasonable measures available to it
First Reset Date: 10 May 2021
Distributions: [●]% per annum, payable quarterly in arrear. Subsequently reset on the First Reset Date and every 5 years thereafter to be the sum of the then prevailing 5 year Euro mid-swap rate plus the Initial Margin payable quarterly in arrear
IPTs: 9.00% area (quarterly coupon)
Re-offer yield: [●]% on an annual basis
Re-offer spread: [●]bps (the “Initial Margin”)
Mid-Swap: 5yr spot reference at [●]%
Re-offer price: 100%
Day Count: Actual/Actual ICMA
Business Days: TARGET
Business Day convention:Following Business Day Convention
Denominations: €200,000 only
oldmouseit
Forumer storico
Il perpetuo Italease che ha la call 6 giugno 2016 entro che data devono comunicarne l'esercizio?