Investire Oggi - perpetue_week_50_2010 - © onik

Investire Oggi - perpetue_week_50_2010 - © onik
r.l. and BPI (including the Notes) will be transferred to Banco Popolare Soc. Coop. (or to such other
company into which or with which Banco Popolare di Verona e Novara S.C.a r.l. and BPI may be merged,
hereinafter the “New Issuer”), which will on the Merger Date, without the consent of the Step-Up
Noteholders, assume liability as principal debtor in respect of the Step-Up Notes in place of the Issuer.
As of and from the Merger Date:
(i) the New Issuer shall be deemed to be named in the Step-Up Notes, the Deed of Covenant and the
Agency Agreement as the principal debtor in place of Banco Popolare di Verona e Novara S.C.a r.l. as
Issuer and the Step-Up Notes, the Deed of Covenant and the Agency Agreement shall thereupon be deemed
to be amended to give effect to the substitution and “Issuer” shall mean the New Issuer;
(ii) the definition of “Parity Securities” in these Conditions shall be replaced with the following definition:
“Parity Securities” means (A) any obligations or instruments issued by the Issuer which rank equally with
the Step-Up Notes (including the obligations of the Issuer in its capacity as guarantor of €500,000,000
non-cumulative guaranteed fixed/floating rate perpetual trust preferred securities issued on 30 June 2005
(ISIN: XS0223454512), €75,000,000 floating rate perpetual trust preferred securities issued on 29
December 2000 (ISIN: XS0122427940) and €25,000,000 floating rate perpetual trust preferred securities
issued on 22 September 2000 (ISIN: XS0108916718), and (B) any guarantees or similar instruments of the
Issuer which rank equally with the Step-Up Notes and which are granted for the benefit of preferred
securities or preferred or preference shares issued by any Subsidiary of the Issuer;
Citazione:
Originalmente inviato da 12345 (Messaggio 1933393)
Per accedere al documento digita questo indirizzo: http://storage.tr.191.it/Public/9138...6b_9092181.pdf
e quando ti chiede le credenziali utilizza come utente: ReadOnly@tr.191.it
e come password: R23112010
Il Banco Popolare intende dar corso al richiamo delle Preferred Securities alla
prima data utile successiva al regolamento dell’aumento di capitale approvato
dall’Assemblea Straordinaria dei Soci il giorno 11.12.2010 in quanto, ai sensi
delle vigenti Istruzioni di vigilanza in materia (cfr. comunicazione della Banca
d’Italia del 21.08.2009 pubblicata nel Bollettino di Vigilanza dell’agosto 2009),
il rimborso anticipato di tali strumenti può avvenire, previa autorizzazione della
Banca d’Italia, a condizione che gli stessi siano sostituiti integralmente e
preventivamente con strumenti di qualità patrimoniale almeno equivalente. Si
segnala che a partire dal 29 dicembre 2010, i titoli saranno rimborsabili
trimestralmente in corrispondenza di ciascuna data di pagamento delle cedole.
Lo allego in italiano, è anche più comodo da leggere ;)
Topgun1976 14-12-2010 23:17
Subordinated bondholders in Irish banks face the prospect of sharing the burden of loan losses under new
legislation that will come before the Dáil tomorrow.
The Credit Institutions (Stabilisation) Bill published by Minister for Finance Brian Lenihan this afternoon,
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