Investire Oggi - perpetue_week_50_2010 - © onik

maxolone 16-12-2010 18:11
FROM THE IR of OEVAG
" the repayment of the participation capital to the Republic of Austria would trigger the dividend
pusher. On the condition that the bank achieved distributable profits (on the single entity level) in
2011, dividends would be paid in 2012 for the fiscal year 2011. Current planning shows that we
expect a positive single entity result in 2011 and consequently - from today´s viewpoint - distributions
on profit-related instruments are expected to be made in 2012.
Please be aware that the contract with the Republic of Austria is not public information, so I can not
send you this contract.
Citazione:
Originalmente inviato da Zorba (Messaggio 1936522)
E' un coupon pusher. Non ho letto però l'accordo tra Ovag e Stato Austriaco, che potrebbe nascondere
qualche gabola.
Cat XL 16-12-2010 18:17
Moody's places German banks' subordinated debt on review for downgrade
GRAZIE ANGELA...
Approximately EUR24 billion of subordinated debt affected
Frankfurt am Main, December 16, 2010 -- Moody's Investors Service has today placed on review for
possible downgrade the ratings of 246 subordinated debt securities together with the subordinated tranches
of the relevant debt programs issued or guaranteed by 24 banks in Germany (including one Irish subsidiary
of a German bank). This follows the German parliament's approval of the German Bank Restructuring Act,
which will become legally effective as of 1 January 2011.
RATINGS RATIONALE
Investire Oggi - perpetue_week_50_2010 - © onik
The Bank Restructuring Act -- and related amendments to the German Banking Act (KWG) -- will establish
a framework for dealing with banks in distress, allowing the regulator to trigger losses outside of liquidation
on senior debt as well as on subordinated bank debt that is typically classified as Lower Tier 2 for
regulatory capital purposes. While Moody's believes that, for the time being, regulators are unlikely to
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