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

LONDON (Reuters) - Deutsche Bank's capital boosting Additional Tier I debt issues dropped back into the red on Monday, giving away gains made in early trade following news of the German lender's planned overhaul over the weekend.
Deutsche Bank's U.S. dollar Additional Tier 1 perpetual bond, callable in November 2021, is now down 0.61 cents on the dollar at 93.70, coming off an earlier high of 94.41.
Two euro-denominated issues, both callable in May 2027, were also down on the day, reversing early gains.
The cost of insuring exposure to Deutsche Bank's debt through 5-year credit defaults swaps (CDS) fell by 3 basis points (bps) from Friday's close to 61 bps, according to data from IHS Markit.
Deutsche Bank CDS have fallen for the sixth straight session.
 
Fitch Assigns Engie's Subordinated Notes 'BBB+'
08 JUL 2019 10:00 AM ET



Fitch Ratings - Warsaw - 08 July 2019:

Fitch Ratings has assigned Engie S.A.'s (A/Stable) EUR500 million undated callable deeply subordinated notes a final rating of 'BBB+'. The securities qualify for 50% equity credit.

The obligations under the notes are direct, unconditional, unsecured and lowest-ranking subordinated obligations (engagements subordonnes de dernier rang) of Engie. The proceeds of the hybrid issue will be used for liability management transactions relating to Engie's hybrid bonds.

The hybrid rating and assignment of equity credit are based on Fitch's "Corporate Hybrids Treatment and Notching Criteria".
 
Rating Action:
Moody's affirms Deutsche Bank AG's ratings, maintains negative outlook

08 Jul 2019
Baseline Credit Assessment affirmed at ba1
Frankfurt am Main, July 08, 2019 -- Moody's Investors Service ("Moody's") has today affirmed all ratings and assessments of Deutsche Bank AG (DB) and maintained the negative outlook on the bank's A3 long-term deposit and senior unsecured debt ratings.



For a list of all affected ratings, please refer to the end of this press release.
 

Italy-Based FinecoBank S.p.A. Additional Tier 1 Notes Rated 'BB-'

  • 08-Jul-2019 09:27 EDT
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DUBLIN (S&P Global Ratings) July 8, 2019--S&P Global Ratings said today that it assigned its 'BB-' long-term issue rating to the proposed €300 million perpetual Additional Tier 1 (AT1) capital notes to be issued by Italy-based FinecoBank (BBB/Negative/A-2).

We derive the hybrid rating for banks based in Italy by notching down from the bank's stand-alone credit profile (SACP). For Fineco's AT1 issue, we are applying four downward notches from the bank's SACP of 'bbb'.

We calculate this four-notch difference as follows:

  • One notch to reflect subordination risk;
  • Two additional notches to take into account the risk of nonpayment at the full discretion of the issuer and the hybrid's likely inclusion in Tier 1 regulatory capital; and
  • One further notch because the instruments allow for full or partial temporary write-down.
 
Post Call

A parte le Acmea 714, ormai tra 105 e 106...avete qualche altro bond in portafoglio (o in watchlist) post call? Mi riferisco sia a titoli in Euro che altre valute.

Da tenere come cassettista.

Grazie !
 
Post Call

A parte le Acmea 714, ormai tra 105 e 106...avete qualche altro bond in portafoglio (o in watchlist) post call? Mi riferisco sia a titoli in Euro che altre valute.

Da tenere come cassettista.

Grazie !
Per incastro ci son le mie amate pttrvboe0000
Le sorelle 001 forse son anche meglio... Scadono nel 22 se non erro
 

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