Investire Oggi - perpetur_marzo_2010 - © onik

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Notizia tutto sommato positiva:
- L'Irlanda continua cmq ad offrire 20 agli obbligazionisti subordinati di una bad bank come Irish
Nationwide (che non ha più nulla post vendita dei depositi)
- rimane quindi confermato un paracadute di 20 per le LT2
- la sensazione è che i capri espiatori possano rimanere isolati a Anglo e Irish Nationwide e ci sia voglia di
fare pulizia al più presto per ripartire su nuove basi.
Occhio cmq che l'Irlanda continua a fare le OPA forzose...:titanic:
nik.sala 01-03-2011 23:53
Citazione:
Originalmente inviato da Zorba (Messaggio 2049101)
Irish Nationwide offers 20 pct on subordinated debt
DUBLIN, March 1 | Tue Mar 1, 2011 6:02am EST
DUBLIN, March 1 (Reuters) - Nationalised lender Irish Nationwide on Tuesday announced the coercive
buyback of 146 million pounds ($238 million) of subordinated debt at an 80 percent discount, a slight
premium to market prices.
The Irish government last year said it expected subordinated debt holders in nationalised Irish Nationwide
and Anglo Irish Bank to make a contribution after the state spent billions of euros bailing out the lenders
over soured property loans.
The offer applies to 126 million pounds of bonds due in 2016 and 20 million worth of 2018 notes, Irish
Nationwide said in a statement. Bondholders who do not accept the offer by March 18 will be offered
0.001 percent of the bonds' face value.
Dublin's Glas securities said it expected a strong take-up for the offer, after a similar offer for holders of
Anglo Irish Bank subordinated bonds in October saw a participation rate of 90 percent.
[ID:nLDE6BK09V]
"This won't come as much of a surprise to the market as the terms are equivalent to those offered to
Anglo LT2 bondholders last year," said Glas analyst Michael Cummins.
"But in light of previous legal challenge by these bondholders, further legal challenges can't be ruled out."
Ireland's High Court last week approved the sale of deposits from Irish Nationwide and fellow
nationalised lender Anglo Irish Bank, sounding the death knell for two lenders synonymous with the
country's financial woes. [ID:nLDE71N2BF] (Writing by Conor Humphries)
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Investire Oggi - perpetur_marzo_2010 - © onik
Notizia tutto sommato positiva:
- L'Irlanda continua cmq ad offrire 20 agli obbligazionisti subordinati di una bad bank come Irish
Nationwide (che non ha più nulla post vendita dei depositi)
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