cumulate
Forumer storico
bpce 12,5%
visto che è nel mio ptf, sono andato a spulciare velocemente i 2 pdf che ho (e se volete posto).
non ho trovato in maniera espressa regulatory call però ho letto che:
The New Notes will be undated and have no final maturity. The New Notes of each series may, at the option of BPCE but subject to the prior approval of the Secrétariat général de la Commission bancaire (“SGCB”), be redeemed at par plus accrued and unpaid interest (in whole but not in part) on the first call date set forth in the table above or on any interest payment date thereafter. In addition, the New Notes may, in case of certain tax or regulatory events, be redeemed (in whole but not in part) at any time at a price equal to par plus accrued and unpaid interest, subject to the prior approval of the SGCB.
per poi aggiungere
BPCE will also have the right to redeem the New Notes at par plus accrued
and unpaid interest at any time (in whole but not in part) in case of imposition of withholding tax, in case of a loss of deductibility for corporate income tax purposes and for regulatory reasons (i.e. loss of Tier 1 Capital status for the New Notes).
Any early redemption is subject to the prior approval of the SGCB.
che ne pensate ?
Mi sono andato a vedere il commento di Knight Capital (che forse avevo fatto girare privatamente un paio di mesi fa) su questo titolo. Il rischio di una par call c'e' anche se, secondo l'autore, e' difficile che venga esercitata per motivi di reputazione.
visto che è nel mio ptf, sono andato a spulciare velocemente i 2 pdf che ho (e se volete posto).
non ho trovato in maniera espressa regulatory call però ho letto che:
The New Notes will be undated and have no final maturity. The New Notes of each series may, at the option of BPCE but subject to the prior approval of the Secrétariat général de la Commission bancaire (“SGCB”), be redeemed at par plus accrued and unpaid interest (in whole but not in part) on the first call date set forth in the table above or on any interest payment date thereafter. In addition, the New Notes may, in case of certain tax or regulatory events, be redeemed (in whole but not in part) at any time at a price equal to par plus accrued and unpaid interest, subject to the prior approval of the SGCB.
per poi aggiungere
BPCE will also have the right to redeem the New Notes at par plus accrued
and unpaid interest at any time (in whole but not in part) in case of imposition of withholding tax, in case of a loss of deductibility for corporate income tax purposes and for regulatory reasons (i.e. loss of Tier 1 Capital status for the New Notes).
Any early redemption is subject to the prior approval of the SGCB.
che ne pensate ?