Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond (12 lettori)

archmax

Forumer attivo
PER I PAR 2005 IN EURO
(Se viene soddisfatto il "Minimum Level of Overall Participation Required for Completion of the Invitation")

Investitori professionali o retail che può aderire (sostanzialmente fuori area euro e UK)


For each 100 principal of Euro Par Bonds:
Euro 100 of New Euro 2041 Bonds, or
U.S.$ 118.55 of New USD 2041 Bonds; or
Euro 97 of New Euro 2046 Bonds
+
Euro 1.44589 of the New Euro 2029 Bonds in the case of Tender Orders to exchange Euro Par Bonds for euro-denominated New Bonds; and
Euro U.S.$ 1.71410 of the New USD 2029 Bonds in the case of Tender Orders to exchange Euro Par Bonds for U.S. dollar-denominated New Bonds;

provided, however, that to compensate the Ad Hoc Group of Argentine Bondholders, the Exchange Bondholder Group and the Argentina Creditor Committee (the “Supporting Creditors”) for fees and expenses of their advisors in connection with this Invitation, the total aggregate principal amount of New USD 2029 Bonds and New Euro 2029 Bonds that Holders and Ineligible Holders would otherwise be entitled to receive pursuant to this Invitation will be reduced by U.S.$28.96 million (using a foreign exchange rate of 1=U.S.$1.1855, and allocated ratably between New USD 2029 Bonds and New Euro 2029 Bonds based on the final aggregate principal amount of each such series of New Bonds to be issued in connection with this Invitation) (the “Expense Reimbursement Bonds”). The Expense Reimbursement Bonds will be divided equally among the three groups and will be delivered to such accounts as the representatives of each of the Supporting Creditors (i.e., White & Case LLP for Ad Hoc Group of Argentine Bondholders, Quinn Emanuel Urquhart & Sullivan LLP for the Exchange Bondholder Group and Clifford Chance US LLP for Argentina Creditor Committee ) will indicate in writing to the Information Agent prior to the Settlement Date. For the avoidance of doubt, the Republic will not bear any expenses of the Supporting Creditors or their advisors in connection with this Invitation, as the Expense Reimbursement Bonds will (i) not increase the total amount of New USD 2029 Bonds and New Euro 2029 Bonds to be issued by the Republic pursuant to this Invitation and (ii) reduce pro rata the principal amount of New USD 2029 Bonds and/or New Euro 2029 Bonds that each Holder and Ineligible Holder would otherwise be entitled to receive pursuant to this Invitation.

The New USD 2038 Bonds, New Euro 2038 Bonds, New USD 2041 Bonds and New Euro 2041 Bonds will be issued pursuant to the 2005 Indenture.
The New USD 2029 Bonds, New Euro 2029 Bonds, New USD 2046 Bonds and New Euro 2046 Bonds will be issued pursuant to the 2016 Indenture.

Retail o chi non vuole o non può aderire (con attivazione delle cac)

Euro Par Bonds, Eur 100 of the New Euro 2041 Bonds
+
Euro 0.20656 of the New Euro 2029 Bonds in the case of the Euro Par Bonds substituted for euro-denominated New Bonds
 

grilloparlante

Forumer attivo
PER I PAR 2005 IN EURO
(Se viene soddisfatto il "Minimum Level of Overall Participation Required for Completion of the Invitation")

Investitori professionali o retail che può aderire (sostanzialmente fuori area euro e UK)


For each 100 principal of Euro Par Bonds:
Euro 100 of New Euro 2041 Bonds, or
U.S.$ 118.55 of New USD 2041 Bonds; or
Euro 97 of New Euro 2046 Bonds
+
Euro 1.44589 of the New Euro 2029 Bonds in the case of Tender Orders to exchange Euro Par Bonds for euro-denominated New Bonds; and
Euro U.S.$ 1.71410 of the New USD 2029 Bonds in the case of Tender Orders to exchange Euro Par Bonds for U.S. dollar-denominated New Bonds;

provided, however, that to compensate the Ad Hoc Group of Argentine Bondholders, the Exchange Bondholder Group and the Argentina Creditor Committee (the “Supporting Creditors”) for fees and expenses of their advisors in connection with this Invitation, the total aggregate principal amount of New USD 2029 Bonds and New Euro 2029 Bonds that Holders and Ineligible Holders would otherwise be entitled to receive pursuant to this Invitation will be reduced by U.S.$28.96 million (using a foreign exchange rate of 1=U.S.$1.1855, and allocated ratably between New USD 2029 Bonds and New Euro 2029 Bonds based on the final aggregate principal amount of each such series of New Bonds to be issued in connection with this Invitation) (the “Expense Reimbursement Bonds”). The Expense Reimbursement Bonds will be divided equally among the three groups and will be delivered to such accounts as the representatives of each of the Supporting Creditors (i.e., White & Case LLP for Ad Hoc Group of Argentine Bondholders, Quinn Emanuel Urquhart & Sullivan LLP for the Exchange Bondholder Group and Clifford Chance US LLP for Argentina Creditor Committee ) will indicate in writing to the Information Agent prior to the Settlement Date. For the avoidance of doubt, the Republic will not bear any expenses of the Supporting Creditors or their advisors in connection with this Invitation, as the Expense Reimbursement Bonds will (i) not increase the total amount of New USD 2029 Bonds and New Euro 2029 Bonds to be issued by the Republic pursuant to this Invitation and (ii) reduce pro rata the principal amount of New USD 2029 Bonds and/or New Euro 2029 Bonds that each Holder and Ineligible Holder would otherwise be entitled to receive pursuant to this Invitation.

The New USD 2038 Bonds, New Euro 2038 Bonds, New USD 2041 Bonds and New Euro 2041 Bonds will be issued pursuant to the 2005 Indenture.
The New USD 2029 Bonds, New Euro 2029 Bonds, New USD 2046 Bonds and New Euro 2046 Bonds will be issued pursuant to the 2016 Indenture.

Retail o chi non vuole o non può aderire (con attivazione delle cac)

Euro Par Bonds, Eur 100 of the New Euro 2041 Bonds
+
Euro 0.20656 of the New Euro 2029 Bonds in the case of the Euro Par Bonds substituted for euro-denominated New Bonds
Considerato che gli investitori E.U. furono i più massacrati dalle ristrutturazioni precedenti, un bel gesto di riguardo :)
; e ancor peggio sulle discounts
 

archmax

Forumer attivo
Notare il diverso trattamento per chi deve forzatamente rimanere passivo
a ribasso sugli interessi arretrati (perché ?) ... nonché ulteriormente decurtato a favore dei grossi fondi (per le loro spese)
"reduce pro rata the principal amount of New USD 2029 Bonds and/or New Euro 2029 Bonds that each Holder and Ineligible Holder would otherwise be entitled to receive pursuant to this Invitation"
 

grilloparlante

Forumer attivo
Notare il diverso trattamento per chi deve forzatamente rimanere passivo
a ribasso sugli interessi arretrati (perché ?) ... nonché ulteriormente decurtato a favore dei grossi fondi (per le loro spese)
"reduce pro rata the principal amount of New USD 2029 Bonds and/or New Euro 2029 Bonds that each Holder and Ineligible Holder would otherwise be entitled to receive pursuant to this Invitation"
Si, una beffa.
Io sono uno di quelli che ha sempre auspicato di restare fuori dalle c.a.c. ma se oggi potessi aderire, confesso che lo farei.
Visto il trattamento palesemente iniquo sugli interessi maturati, diventa meno inverosimile il default sui titoli non c.a.c., ad insegnare al retail che o si passa per i fondi e si pagano le fees di gestione, o non si deve investire...
 

IL MARATONETA

Forumer storico
il 24 agosto salvo proroghe, ma devi tener conto del tempo tecnico della tua banca per inoltrare le istruzioni perciò è meglio che la solleciti
Grazie ancora angy, ho chiamato adesso BM per avvertirli, volendo aderire all'offerta. Purtroppo loro non sono a conoscenza di questa opportunità e devono informarsi.
 

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