Only a few months after imposing burden sharing on holders of Tier 2 debt, the precondition for its recapitalisation by the Italian state, BMPS is daring to return to the market with plans for a new Tier 2 10NC5 issue. - >Investors may need yield, but they do not have amnesia: they will need convincing about the future success of the recovery plan, which is indispensable to avoid a new burden sharing. If the bank were to face capitalisation problems again following the provisions required to cle...
Juste quelques mois après avoir imposé un burden sharing aux porteurs obligataires de dettes Tier 2, préalable indissociable de sa recapitalisation par l’Etat italien, BMPS revient avec une nouvelle émission de Tier 2 10NC5. Osé. - >Car les investisseurs ont besoin de taux, certes, mais ils ne sont pas amnésiques : il faudra les convaincre de la réussite future du plan de redressement mené, indispensable pour éviter un nouveau burden sharing. Effectivement, si la banque était de no...
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