Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue, sub e ibride 4 (9 lettori)

Jackrussel

Jackrussel

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Fabrib

Fabrib

Forumer storico
Turin - Milan, 31 August 2023 - Intesa Sanpaolo S.p.A. ("Intesa" or the "Offeror") today announced a cash tender offer (the "Offer") for any and all of its perpetual "€750,000,000 Additional Tier 1 Notes" (ISIN no. XS1614415542, the "Existing Notes") in an aggregate nominal amount outstanding of €750,000,000, and the launch of a new issue of fixed-rate reset perpetual Additional Tier 1 notes in a nominal amount of not less than €750,000,000.
The Offer, which is being made simultaneously with the New Notes Offering, is in line with the Offeror's proactive management of its capital base. In addition, the Offer will provide liquidity for investors tendering their Existing Notes, together with the concurrent opportunity to redeploy funding into the Offeror's proposed New Notes.
 
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Fabrib

Forumer storico
Banco Santander SA opted not to redeem a €1 billion ($1.1 billion) additional tier 1 bond, an unusual move even amid the turbulent market for bank debt this year.
The redemption had been hanging in the balance over the past few weeks as the first date to call the bond approached on Sept. 29. Santander’s bond has been trading more than one cent on the euro below face value, indicating traders didn’t see a call as a certainty.
 
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