sparviero7000
Forumer storico
200k in bid a 1,50 sulla vicenzina
Obbligazioni bancarie Obbligazioni Banca Popolare di Vicenza e Veneto Banca (7 lettori)
- Creatore Discussione darkog
- Data di Inizio
Sig. Ernesto
Vivace Impertinenza
CREDEM ISSUES 10yr TIER 2 @ 3.625% NON EXISTENT SYSTEMIC EFFECT OF VENETE's/BMPS JUNIOR BAIL IN.
russiabond
Contadino della finanza
Sig. Ernesto
Vivace Impertinenza
Credem announces a €100 million issuance of tier 2 subordinated bond
PRESS RELEASE
CREDEM ANNOUNCES A €100 MILLION ISSUANCE OF TIER 2 SUBORDINATED BOND
Credito Emiliano S.p.A. (Credem) announces the issuance of a Tier 2 subordinated bond for a total nominal amount of €100 million, to be listed on the Luxembourg stock exchange.
The bond has a 10yr final maturity and includes the option for the issuer of an early redemption (call) to be exercised at par after the fifth year, subject to a preliminary authorization by the supervision authority.
Securities will carry an annual fixed coupon of 3.625% - gross of fiscal effect - prior to the issuer call date.
The issuance will allow Credem for a further strengthening of its capital position, given that such bond is eligible as Tier 2 regulatory capital, following prior authorization by the supervision authority. As at 31st March, 2017, Total Capital Ratio was 14.38%(1).
The minimum underwriting ticket for subscribers is €100 thousand; above this threshold €1 thousand multiples can be added. Settlement date is set to be on July 10th, 2017 and the expected rating assigned by Fitch to the bond is "BBB-".
Morgan Stanley is the Sole Arranger and Lead Manager for the issuance.
Reggio Emilia, July 3rd, 2017
CREDITO EMILIANO SPA
PRESS RELEASE
CREDEM ANNOUNCES A €100 MILLION ISSUANCE OF TIER 2 SUBORDINATED BOND
Credito Emiliano S.p.A. (Credem) announces the issuance of a Tier 2 subordinated bond for a total nominal amount of €100 million, to be listed on the Luxembourg stock exchange.
The bond has a 10yr final maturity and includes the option for the issuer of an early redemption (call) to be exercised at par after the fifth year, subject to a preliminary authorization by the supervision authority.
Securities will carry an annual fixed coupon of 3.625% - gross of fiscal effect - prior to the issuer call date.
The issuance will allow Credem for a further strengthening of its capital position, given that such bond is eligible as Tier 2 regulatory capital, following prior authorization by the supervision authority. As at 31st March, 2017, Total Capital Ratio was 14.38%(1).
The minimum underwriting ticket for subscribers is €100 thousand; above this threshold €1 thousand multiples can be added. Settlement date is set to be on July 10th, 2017 and the expected rating assigned by Fitch to the bond is "BBB-".
Morgan Stanley is the Sole Arranger and Lead Manager for the issuance.
Reggio Emilia, July 3rd, 2017
CREDITO EMILIANO SPA
Sig. Ernesto
Vivace Impertinenza
ricordo per il lettore che BBB- è il rating attuale dell'Italia.
Saluti.
Saluti.
Onoff
Forumer attivo
fatto via PEC
robdemar1
Nuovo forumer
Onoff
Forumer attivo
Ho usato la mia PEC agli indirizzi tradizionali.