Urge vostro parere su emittente!!!!

[Zerbis]

Buongiorno amici,

nella mia continua opera di riallocazione di portafogli dei miei clienti mi sono imbattuto in questa: Xs0108245167.

Banca lombarda 6,875 scad. 02-10. Cosa sapete dirmi in merito all'emittente? Fa parte di qualche gruppo? E all'emissione? Grazie!

[Spencer19]

La Banca Lombarda e Piemontese SpA (conosciuta come Banca Lombarda) era un istituto di credito nato nel 1998 dalla fusione tra due istituti nati e cresciuti a Brescia, il Credito Agrario Bresciano e la Banca San Paolo di Brescia. Il primo, nato nel 1883 e il secondo nel 1888.

Nel gruppo poi sono confluite altre realtà storiche della Lombardia e del Piemonte, come la Banca di Valle Camonica, la Cassa di Risparmio di Cuneo, la Banca di Monte di Lombardia, la Cassa di Risparmio di Tortona e la Banca di San Giorgio.

All'inizio del 2007 la banca si è fusa con BPU Banca. Il 1º aprile 2007, data in cui è diventata operativa la fusione, le due hanno dato vita a UBI Banca (Unione di Banche Italiane), il quarto polo del credito del paese.

[cricket72]

trovato un documento online
emissione del 2000
risulta una emissione subordinata upper tier II

2000/2010 - tasso variabile EMTN ISIN XS0108245167
Valuta euro Semestrale Euribor 6M + 1,065%

fonte http://www.ubibanca.it/contenuti/Rig...patrimonio.pdf

[Zerbis]

Originalmente inviato da cricket72

trovato un documento online
emissione del 2000
risulta una emissione subordinata upper tier II

2000/2010 - tasso variabile EMTN ISIN XS0108245167
Valuta euro Semestrale Euribor 6M + 1,065%

fonte http://www.ubibanca.it/contenuti/Rig...patrimonio.pdf

Ciao cricket,

A me il sestema la porta come una tasso fisso 6,875 lordo! (la prenderei a 102,8 e quindi otterrei un 3% netto ad un anno....)

[cricket72]

si vede che quel documento online che ho trovato non è attendibile
sicuramente è come dici tu anche se non ho trovato il prospetto di questa emissione
ma da questa scheda sintetica si evince tasso fisso 6,875


Name BcaLombarda 6,875% 00-10 23/02 pe
ISIN code / trading code XS0108245167
Security type Emprunt ordinaire à taux fixe
Interest rate type Fixed rate
Interest rate 6.875 %
Coupon frequency Yearly
Redemption price 100 %
Issue date 23/02/2000
Legal maturity date 23/02/2010
Amount issued 350 000 000 EUR
Outstanding amount of bonds 350 000 000 EUR
Listing currency EUR - euro
Type of guarantee -

BANCA LOMBARDA E PIEMONTESE S.P.A. ITALIE (ITA)

Listing date 23/02/2000
Exchange Luxembourg
Market BdL Market
Trading currency EUR - euro
Last price 97.31 i %
10/12/2008 12:08:09
Day's number of trades -
Day's turnover in EURO -
Liquidity provider -
Trading type Continu
Lot size 1 000 EUR
Next coupon payment date 23/02/2010
Listing date 23/02/2000
Exchange Luxembourg
Market BdL Market
Trading currency EUR - euro
Last price 97.31 i %
10/12/2008 12:08:09
Day's number of trades -
Day's turnover in EURO -
Liquidity provider -
Trading type Continu
Lot size 1 000 EUR
Next coupon payment date 23/02/2010

[cricket72]

ti allego un report di fitch su ubi
non sono riuscito a trovarne di più recenti



Fitch Upgrades Italy's UBI Banca to 'A+'; Outlook Stable

05 Dec 2008 11:10 AM (EST)


Fitch Ratings-London/Milan-05 December 2008: Fitch Upgrades Italy's UBI Banca to 'A+'; Outlook Stable
Fitch Ratings has today upgraded Unione di Banche Italiane - UBI Banca's (UBI) Long-term Issuer Default Rating (IDR) to 'A+' from 'A'; the Outlook on the Long-term IDR is now Stable. Its Short-term IDR 'F1', Individual 'B/C', Support '2' and Support Rating Floor 'BBB' are all affirmed. UBI's EMTN programme ratings and those of outstanding notes have been upgraded as follows: senior notes upgraded to 'A+' from 'A', tier 2 subordinated notes upgraded to 'A' from 'A-' (A minus), tier 3 subordinated notes upgraded to 'A-' (A minus) from 'BBB+'. UBI's outstanding preferred stock was also upgraded to 'A' from 'A-' (A minus). The r ating of UBI's European Commercial Paper programme was affirmed at 'F1'.

The upgrade reflects Fitch's view of UBI's successful management of post-merger integration and the progress achieved to date. Although the substantially weakened economic outlook will result in UBI's performance remaining under pressure, Fitch considers the bank to be relatively well positioned to weather the current environment thanks to its adequate profitability, sound asset quality and solid capitalisation.

UBI's risk management framework is sound and risk awareness is good. Its credit risk is well diversified and asset quality ratios are good. At end-September 2008 gross impaired loans were equivalent to an adequate 2.9% of total loans, despite a small increase since end-2007, partly the result of a realignment exercise to internal best practice. While Fitch expects impaired loans for all Italian banks to increase over the coming quarters, it considers UBI to be better placed to manage this impact than some of its peers. Appetite for market risk is limited, apart from moderate investments in its securities portfolio.

Fitch considers UBI's operating profitability adequate, generated by sufficiently diversified revenue sources, and reflecting its good franchise and capabilities to achieve further efficiencies in the medium term. Fitch expects pressure on the profitability of Italian banks to persist in the coming quarters, but UBI has shown its earnings resilience during 2008.

UBI is primarily customer funded, but its funding sources are satisfactorily diversified. Liquidity is underpinned by securities eligible for European Central Bank discounting, and its monitoring is adequate.

With a Fitch eligible capital ratio equal to 9.3% at end-June 2008, Fitch considers UBI's capitalisation good.

UBI is the second-largest Italian cooperative bank and fifth-largest domestic bank, created in April 2007 from the merger of Banca Lombarda e Piemontese into Banche Popolari Unite. The group concentrates primarily on offering traditional banking services to retail and SME clients. It has a multi-regional presence, with a strong franchise in the two wealthy northern Italian regions of Lombardy and Piedmont.

[Zerbis]

Originalmente inviato da cricket72

ti allego un report di fitch su ubi
non sono riuscito a trovarne di più recenti



Fitch Upgrades Italy's UBI Banca to 'A+'; Outlook Stable

05 Dec 2008 11:10 AM (EST)


Fitch Ratings-London/Milan-05 December 2008: Fitch Upgrades Italy's UBI Banca to 'A+'; Outlook Stable
Fitch Ratings has today upgraded Unione di Banche Italiane - UBI Banca's (UBI) Long-term Issuer Default Rating (IDR) to 'A+' from 'A'; the Outlook on the Long-term IDR is now Stable. Its Short-term IDR 'F1', Individual 'B/C', Support '2' and Support Rating Floor 'BBB' are all affirmed. UBI's EMTN programme ratings and those of outstanding notes have been upgraded as follows: senior notes upgraded to 'A+' from 'A', tier 2 subordinated notes upgraded to 'A' from 'A-' (A minus), tier 3 subordinated notes upgraded to 'A-' (A minus) from 'BBB+'. UBI's outstanding preferred stock was also upgraded to 'A' from 'A-' (A minus). The r ating of UBI's European Commercial Paper programme was affirmed at 'F1'.

The upgrade reflects Fitch's view of UBI's successful management of post-merger integration and the progress achieved to date. Although the substantially weakened economic outlook will result in UBI's performance remaining under pressure, Fitch considers the bank to be relatively well positioned to weather the current environment thanks to its adequate profitability, sound asset quality and solid capitalisation.

UBI's risk management framework is sound and risk awareness is good. Its credit risk is well diversified and asset quality ratios are good. At end-September 2008 gross impaired loans were equivalent to an adequate 2.9% of total loans, despite a small increase since end-2007, partly the result of a realignment exercise to internal best practice. While Fitch expects impaired loans for all Italian banks to increase over the coming quarters, it considers UBI to be better placed to manage this impact than some of its peers. Appetite for market risk is limited, apart from moderate investments in its securities portfolio.

Fitch considers UBI's operating profitability adequate, generated by sufficiently diversified revenue sources, and reflecting its good franchise and capabilities to achieve further efficiencies in the medium term. Fitch expects pressure on the profitability of Italian banks to persist in the coming quarters, but UBI has shown its earnings resilience during 2008.

UBI is primarily customer funded, but its funding sources are satisfactorily diversified. Liquidity is underpinned by securities eligible for European Central Bank discounting, and its monitoring is adequate.

With a Fitch eligible capital ratio equal to 9.3% at end-June 2008, Fitch considers UBI's capitalisation good.

UBI is the second-largest Italian cooperative bank and fifth-largest domestic bank, created in April 2007 from the merger of Banca Lombarda e Piemontese into Banche Popolari Unite. The group concentrates primarily on offering traditional banking services to retail and SME clients. It has a multi-regional presence, with a strong franchise in the two wealthy northern Italian regions of Lombardy and Piedmont.

Ciao cricket,

Fatte prendere oggi 50k ad un cliente a 102,35 (3,60netto su base annua). Inoltre prese altre 30k di Efibanca 2013 reverse floate (quelle con cedola al 6,5). A questo prezzo (101,50) se stacca cedola continua al 6,50 dovrebbe rendere un 5,23 netto. A proposito: cose mi dite di EFIBANCA?