reports
- Joan Sehim
Altarea : Issuance Focus
Altarea markets € 300m senior unsecured bonds due 2031 (7NC) to finance general corporate purposes. We understand that Altarea is taking advantage of the market conditions, encouraged by the successful issues of many issuers in the property sector in recent weeks (Mercialys, Unibail, LEG Immobilien, Klepierre, etc.) to increase its liquidity following 1/ the repayment of the € 255m 2.25% bonds due 2024 last July, and 2/ with a view to its future debt maturities (including the 202...
- Joan Sehim
Altarea : Focus Emission
Altarea commercialise 300 m EUR d’obligations senior unsecured à échéance 2031 (7NC) afin de financer des besoins généraux. Nous comprenons qu’Altarea profite des conditions de marchés, encouragé par les émissions réussies de nombreux émetteurs du secteur de l’immobilier ces dernières semaines (Mercialys, Unibail, LEG Immobilien, Klepierre…) pour accroitre sa liquidité suite 1/ au remboursement des obligations 2.25% de 255 m EUR à échéance 2024 en juillet dernier, et 2/ en vue de...
- Carole Braudeau
- Carole Braudeau
- Michael B. Schäfer
- Michael B. Schäfer
- Roland Pfaender
- MBA
- CFA
- CCRA
- Steven Gould
Commerzbank : Unicredit continues to advance its strategy…
>A surprise announcement from UCG of a further increase in the capital - Only days after the announcement from the German state of the indefinite suspension of its process of exiting the capital of CBK (i.e. maintaining the 12% stake over the long term) UCG has just announced the acquisition of an additional 11.5% via financial instruments, thus taking its stake to close to 21% and making its CBK’s leading shareholder. As a reminder, at the same time UCG has requested...
- Roland Pfaender
- MBA
- CFA
- CCRA
- Steven Gould
Commerzbank : Unicredit avance encore un peu plus ses pions…
>Annonce surprise d’une nouvelle montée au capital de la part d’UCG - Quelques jours seulement après l’annonce par l’Etat allemand de la suspension ‘sine die’ de son processus de sortie du capital de CBK (i.e. maintien durable de la participation de 12%), UCG vient d’annoncer l’acquisition de 11.5% supplémentaires par le bais d’instruments financiers, portant ainsi sa participation à près de 21% et devenant par la même le 1er actionnaire de CBK. Notons qu’UCG vient pa...
- Research Department
INFORME DIARIO 24 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: NEINOR HOMES, OHLA, SOLARIA. EUROPA: BNP PARIBAS, DHL GROUP, UNICREDIT. El Ibex se queda a las puertas de los 11.800 puntos Jornada europea de menos a más, impulsada en parte por la apertura positiva en EE.UU. que continúa su tendencia de récord y busca renovar máximos históricos. Así en el STOXX 600, y tras bastante rotación sectorial durante la sesión, Autos y Retail fueron los sectores que más subieron, frente a Farma y Bancos que tuvieron el pe...
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/CIBC and Canadian covereds, UniCredit vs Commerzbank AT1, ...
Canadian covered bonds: limited further performance upside vs peers. Commerzbank AT1 likely to underperform after Germany effectively halts UniCredit's M&A efforts. Fitch considers potential AT1 reforms could end up having a negative impact on AT1 ratings. The president of De Nederlandsche Bank underlines the urgency in implementing NBFI sector regulation. Bank bond performance
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/CIBC and Canadian covereds, UniCredit vs Commerzbank AT1, ...
Canadian covered bonds: limited further performance upside vs peers. Commerzbank AT1 likely to underperform after Germany effectively halts UniCredit's M&A efforts. Fitch considers potential AT1 reforms could end up having a negative impact on AT1 ratings. The president of De Nederlandsche Bank underlines the urgency in implementing NBFI sector regulation. Bank bond performance
- Carole Braudeau
- Carole Braudeau
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Carole Braudeau
- Carole Braudeau
BNP Paribas: 1 director
A director at BNP Paribas bought 1,000 shares at 64.460EUR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
- Ben Rickett
- James Ratzer
EU Towers (Cellnex - Neutral, €31, -16%; Inwit - Neutral, €12, +8%) : ...
With interest rates in focus, we take a look at how recent rates moves impact our EU Towers valuations. Consensus wisdom would suggest that falling rates should be positive for towers, but in this short note we challenge that view.
Altarea: 1 director
A director at Altarea sold 423 shares at 109.800EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...
Financial Communication Schedule Update
Financial Communication Schedule Update Ivry-sur-Seine, France, September 18, 2024 Financial Communication Schedule Update Fnac Darty will publish its Q3 2024 revenue on October 15, after market close, instead of October 23 as initially planned. This change is made to avoid overlapping with the closing of the offer period on Unieuro. The full schedule of the Group’s upcoming financial publications is available on its website: . About Fnac Darty Operating in 13 countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and domesti...
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