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

GROUPE CASINO:QUATRIM SECURED BONDS NOMINAL AMOUNT CUT TO €272M*GROUPE CASINO: REPAID €30M TO QUATRIM SECURED BONDHOLDERS

"dai diamanti non nasce niente, dal letame nascono i fior"

...here we are !
 
L'unica cosa un po' fastidiosa, se capisco bene, è che gli interessi vengono capitalizzati , come già successo in parte in ottobre ( non ci avevo capito nulla allora) .
Di fatto poi (prima o poi) pagheranno interessi all' 8,5% anche su questi interessi , secondo le clausole imposte da Quatrim. Una sorta di anatocismo. Ma temo che prima del rimborso totale nel 27 , anche se pare cerchino di far di tutto per rimborsare anticipatamente, tutta la montagna di interessi non la vedremo, se non a puntate - discrezionali.
Patatine (KetChup Heinz) e Coca Cola (in perfetto stile Buffett)
 
Hello, It is not clear to me. On cashes unicredit, at the end (2050), you Will receive 1/ the value of the unicredit shares in the spv (which is today far less than the nominal value of the bond) OR 2/ the nominal value of the bond (100k) ?
Probably Number 1/ with a prix of 59%….
 
Banque Internationale à Luxembourg, société anonyme (Ticker: BANQUE) has mandated Goldman Sachs International and Morgan Stanley to arrange a series of fixed income calls commencing on Tuesday 25th February.

  • A new EUR 300mn (WNG) EUR RegS PNC6 Fixed Rate Resettable Callable Perpetual Additional Tier 1 Capital Notes transaction will follow in the near future subject to market conditions. The issue is expected to be rated Ba2 (Moody’s)
  • Concurrent to the new issue, Banque Internationale à Luxembourg, société anonyme also announced today an any and all tender offer to holders of its existing Perpetual Additional Tier 1 Capital Notes Callable May-2025 (ISIN: XS2079116310)) (the “Existing Notes”) to tender their Existing Notes for purchase subject to the satisfaction (or waiver) of the New Issue Condition and the other conditions described in and subject to the terms set out in the Tender Offer Memorandum dated 25 February 2025
    • Banque Internationale à Luxembourg, Goldman Sachs International and Morgan Stanley are acting as Joint Dealer Managers on the tender offer
  • Target Market: Eligible counterparties and professional clients only
 
Intesa Sanpaolo Assicurazioni S.p.A. (“ISPVIT”), rated BBB+ by Fitch (Insurer Financial Strength, positive outlook), has mandated Crédit Agricole CIB, Deutsche Bank, Goldman Sachs International, HSBC, IMI-Intesa Sanpaolo and Morgan Stanley as Joint Bookrunners to arrange a series of fixed income investor calls on 25 February 2025.

  • A EUR denominated RegS bearer EUR500m (WNG) 10-year bullet subordinated Tier 2 offering will follow subject to market conditions
  • The transaction is expected to be rated BB+ by Fitch
  • Terms and conditions of the notes are described in the preliminary prospectus dated 25 February 2025
  • Target Market: Eligible counterparties and professional clients only (all distribution channels)
 

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