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

[nuvola nera]

sulla borsa di berlino sta a 86,39: perchè questo calo?

Io notizie particolari non le ho trovate , tieni presente che è un bond che scambia pochissimo per cui basta uno scarico per portarla giù .

 

[lagonzaga]

Denaro sulle irs BFCM forse bolle qualcosa in pentola ???

 

[mikim]

Denaro sulle irs BFCM forse bolle qualcosa in pentola ???

Parli della XS0207764712 ?

 

[Cat XL]

Suona come una tipica azione "alla Naouri" ...

Casino’s controlling shareholder Jean-Charles Naouri is a genius. He won first prizes in France’s high school Latin and Greek exams, completed his baccalaureate degree at 15, and earned a PhD in math in only one year. Like the geniuses who founded the hedge fund Long-Term Capital Management, which spectacularly collapsed, Mr. Naouri has an affinity for leverage. One would expect Casino to be a relatively boring hypermarket retailer; however, together with its parent, Rallye, Casino increasingly resembles a highly levered hedge fund.

 

[Rottweiler]

Casino’s controlling shareholder Jean-Charles Naouri is a genius. He won first prizes in France’s high school Latin and Greek exams, completed his baccalaureate degree at 15, and earned a PhD in math in only one year. Like the geniuses who founded the hedge fund Long-Term Capital Management, which spectacularly collapsed, Mr. Naouri has an affinity for leverage. One would expect Casino to be a relatively boring hypermarket retailer; however, together with its parent, Rallye, Casino increasingly resembles a highly levered hedge fund.

Naouri, Musk.... personaggi "geniali", che possono portarti tra le stelle o in fondo ad un baratro...

 

[lagonzaga]

Parli della XS0207764712 ?

Il denaro è sia 712 che sulla 564
Quotazioni sempre abbastanza sacrificate rispetto il livello raggiunto inizio anno

 

[Fabrib]

Aegon N.V. (AGN.AE) said Tuesday that it expects a one-off boost of $1.0 billion to its capital-generation from the merger of two of its U.S. businesses.
The Dutch insurance company said it will merge its Arizona-based vehicle for reinsuring variable annuities with its Transamerica Life Insurance Co. business.
"Merging two of our US entities simplifies our legal structure, increases our capital buffer and leads to the release of reserves and higher diversification benefits," said Chief Executive Alex Wynaendts
Aegon said changes to U.S. rules for variable annuity capital mean the use of its captive Arizona vehicle is no longer required.
Argon said the capital boost to its Solvency II capital ratio is expected to be largely offset by the effects of U.S. tax reform in the second half of 2018, and it doesn't expect any material impact on its recurring capital-generation

 

[Cat XL]

Scusate ma il Fuerstenmberg Isin DE000A0EUBN9 è crollato perche' ha sospeso pagamento cedola ?

(Bloomberg) --

State-controlled German lender NordLB is seeking to sell a stake of around 30 percent to a new investor as it raises cash to plug a financing gap, according to people with knowledge of the matter.

The regional German lender will ask potential buyers to place indicative bids by Oct. 8, and will also ask existing owners to help fill the gap, the people said. They asked not to be named as the plan is not yet public. The exact size of the capital injection will depend in part on a separate plan to sell bad loans, they added.

Germany’s public-sector banks are struggling to survive under pressure from low interest rates and tightened European Union laws on bailouts. A deal could result in NordLB following Hamburg-based HSH Nordbank into the private sector, or in the further consolidation of the so-called “Landesbanken”, which are typically owned by regional governments and local savings banks.

Buyout firms Cerberus Capital Management and Apollo Global Management as well as Landesbank Baden-Wuerttemberg (LBBW) are among the interested parties, the people said. Bringing in private owners, even as minority shareholders, would require the bank to change its legal form from an institution under public law to a joint stock company.

Loan Sale
NordLB began marketing some 2 billion euros in soured shipping loans to prospective buyers last month, people familiar with the matter told Bloomberg at the time. Any loan disposals would likely be at a discount to book value and would trigger further writedowns, eroding NordLB’s capital base, the people said.

Shipping loans in particular have been a problem at NordLB for years, peaking in 2016 when it posted a loss of 2 billion euros. That was due in part to bad loans made by Bremer Landesbank, which NordLB finally merged with in 2017 in order to stop it failing. In all, NordLB had 7.7 billion euros in bad loans at the end of June. Chief Executive Officer Thomas Buerkle said in April he wants to get it below 5 billion euros by year-end 2019.

If the bank doesn’t complete the current sale of bad loans for any reason, it would still need to raise equity to sustain its capital levels in future. NordLB has not challenged past reports suggesting it will need around 3 billion euros in equity.

The deal comes as euro-area banks finalize submissions to regulators for this year’s stress test.

Bailout Restrictions
NordLB received a 1.67 billion-euro recapitalization from its state owners in 2012, under strict EU provisions on state aid. It has struggled to keep capital at acceptable levels since then because its shipping portfolio has deteriorated so much. Any fresh injection of cash by its government owners would need to convince EU watchdogs that it’s commercially justifiable.

The state of Lower Saxony owns 59.1 percent of NordLB, while Saxony-Anhalt owns 5.6 percent. The rest is split between the savings banks’ associations in those two states and in Mecklenburg-Vorpommern.

NordLB said in a statement that the bank and its shareholders are “considering a range of options to prepare the bank for rising regulatory requirements.” It said no decision had been taken yet regarding the need for an outside investor. Representatives of LBBW, Apollo and Cerberus didn’t immediately respond to requests for comment.

JPMorgan Chase & Co. is advising NordLB on the deal, while Barclays Plc is advising the state of Lower Saxony, people familiar with the matter have said.

 

[nuvola nera]

Complimenti cat , sei riuscito a trovare notizie , come la vedi la situazione del bond fuestenberg ?

 

[diritto]

Lloyds Banking Group / ISIN: US539439AG42.
Questo AT1 è ben rappresentato come peso nel portafoglio dell'ETF che comprende tutti i titoli AT1.
Impressioni sul bond?

Con la pochezza dei rendimenti che ci sono in giro si discute "forse" poco degli AT1 in circolazione per una loro valutazione dei meno cari e quindi di quelli più convenienti in termini di rischio-rendimento.
Non sono più di tanto interessanti oppure non è una Classe di Titoli proprio da guardare?
Sono io sicuramente da poco esperto rispetto i principali frequentatori del Forum che mi sfugge qualcosa ma così se qualcuno riesce a rispondermi mi tolgo il dilemma.
E scusate se ho detto delle.......