Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 4 bis

Rabobank has announced its intention to launch a €1bn cash tender on its Mutualist Certificates (RABOBK 6 ½ perp - XS1002121454)

  • Offer cash price: 108.5 + 0.63192
 
l'outstanding è 7.8 nb
Io me le tengo.....
vi posto anche un commento di un fixed income analyst...niente di illuminante, condivisibili banalità.

In the wake of European banks launching share buyback program, Rabobank is trying to manage its excess CET1 with this tender. Despite the friendly premium offered on the tender (c.5 pts), we think there is a risk of execution as opposed to a direct equity buyback. In fact due the high sensitivity to rates of such true perpetual instruments, convincing investors to participate ahead of effective rates cuts could be challenging.
 

Users who are viewing this thread

Back
Alto