Obbligazione CommerzBank

[brunowg]

Vorrei sapere se qualcuno può cortesemente darmi informazioni su questa obbligazione Commerzbank isin de000cb8aux7 scadenza nov. 2017
GRazie

[brunowg]

OSTIIIII........ma nesuno del forum la conosce?????

[cricket72]

è una emissione subordinata lower tier II
taglio da 50k
tasso fisso 5,625 fino al 2012
poi call euribor 3 mesi + 185bp

[brunowg]

ti ringrazio ma mi hanno appena detto che affianco euribor a 3 mesi .185bp cè anche la dicitura tasso mid swaps + 135bp.....quale dei due viene applicato....grazie
Hai idea di dove si possa reperire una scheda dettagliata?

[cricket72]

a prima vista non vedo quanto tu affermi


§2
(Interest)
(1) The Notes initially bear interest at a rate of
5.625 per cent. per annum as from 29 November 2007 (the "Interest Commencement Date") (inclusive) until 29 November 2012 (exclusive). Interest is payable annually in arrear on 29 November of each year (each a "Fixed Interest Payment Date"). The first Fixed Interest Payment Date shall be 29 November 2008 and the last Fixed Interest Payment Date shall be 29 November 2012.
If any Fixed Interest Payment Date is not a Business Day, payment shall be effected on the next following Payment Business Day.
Thereafter the Notes bear interest at a rate of the Reference Interest Rate determined in accordance with Paragraph (4) plus 1.85 per cent. as from 29 November 2012 (inclusive) up to the next following Floating Interest Payment Date (exclusive) and thereafter as from any Floating Interest Payment Date (inclusive) up to the next following Floating Interest Payment Date (exclusive) (each such period being a "Floating Interest Period"). Interest is payable in arrear for each Interest Period on the relevant Floating Interest Payment Date.
Subject to the following Paragraph and to Paragraph (2), "Floating Interest Payment Date" means 28 February, 29 May, 29 August and 29 November of each year. The first Floating Interest Payment Date shall be on
28 February 2013 and last Floating
Interest Payment Date shall be
29 November 2017 (Fixed Interest Payment Dates and Floating Interest Payment Dates, together the "Interest Payment Dates").
If any Floating Interest Payment Date, other than the last Floating Interest Payment Date, is not a Business Day, then such Floating Interest Payment Date shall be postponed to the next day that is a Business Day, unless such Business Day would thereby fall into the next calendar month, in which event the Floating Interest Payment Date shall be the immediately preceding Business Day.
(2) The Notes will cease to bear interest at the end of the day preceding the date on which they become due for redemption, even if payment is made later than on the due date determined by the calendar in accordance with § 5 Paragraph (3).
Should the Issuer for any reason whatsoever fail to provide to the Principal Paying Agent, when due, the necessary funds for the redemption of the Notes, then interest on the outstanding principal amount of such Notes will continue to accrue until the payment of such principal has been effected, however not beyond the fourteenth day after the date on which the necessary funds have been provided to the Principal Paying Agent and notice thereof has been given by publication in accordance with § 11.
(3) The floating interest rate, in respect of the Notes and each Floating Interest Payment Date, for each Floating Interest Period shall be expressed as a rate per annum. This rate is equal to the Reference Interest Rate determined in accordance with Paragraph (4) plus 1.85 per cent., and shall be determined for each Interest Period two Business Days prior to the commencement of each Interest Period (the "Interest Determination Date") by the Calculation Agent. A "Business Day" in the meaning of this § 2 Paragraph (3) shall be any day (other than a Saturday or Sunday) on which commercial banks are open for business in Frankfurt am Main and on which the Trans-European Express Transfer system (TARGET- System) settles payments.
(4) 3-months EURIBOR (the "Reference Interest Rate") is the interest rate expressed as a rate per annum published on screen page Reuters EURIBOR01 (or any successor page of the aforementioned agency or a screen page of another agency) (the "Screen Page") on the Interest Determination Date at or about 11.00 a.m. (Brussels time) for deposits in the Issue Currency for the relevant Floating Interest Period.


.............


a questo link hai il final terms dell'emissione
https://www.commerzbank.de/media/akt..._Serie_617.pdf

[brunowg]

Originalmente inviato da cricket72

a prima vista non vedo quanto tu affermi


§2
(Interest)
(1) The Notes initially bear interest at a rate of
5.625 per cent. per annum as from 29 November 2007 (the "Interest Commencement Date") (inclusive) until 29 November 2012 (exclusive). Interest is payable annually in arrear on 29 November of each year (each a "Fixed Interest Payment Date"). The first Fixed Interest Payment Date shall be 29 November 2008 and the last Fixed Interest Payment Date shall be 29 November 2012.
If any Fixed Interest Payment Date is not a Business Day, payment shall be effected on the next following Payment Business Day.
Thereafter the Notes bear interest at a rate of the Reference Interest Rate determined in accordance with Paragraph (4) plus 1.85 per cent. as from 29 November 2012 (inclusive) up to the next following Floating Interest Payment Date (exclusive) and thereafter as from any Floating Interest Payment Date (inclusive) up to the next following Floating Interest Payment Date (exclusive) (each such period being a "Floating Interest Period"). Interest is payable in arrear for each Interest Period on the relevant Floating Interest Payment Date.
Subject to the following Paragraph and to Paragraph (2), "Floating Interest Payment Date" means 28 February, 29 May, 29 August and 29 November of each year. The first Floating Interest Payment Date shall be on
28 February 2013 and last Floating
Interest Payment Date shall be
29 November 2017 (Fixed Interest Payment Dates and Floating Interest Payment Dates, together the "Interest Payment Dates").
If any Floating Interest Payment Date, other than the last Floating Interest Payment Date, is not a Business Day, then such Floating Interest Payment Date shall be postponed to the next day that is a Business Day, unless such Business Day would thereby fall into the next calendar month, in which event the Floating Interest Payment Date shall be the immediately preceding Business Day.
(2) The Notes will cease to bear interest at the end of the day preceding the date on which they become due for redemption, even if payment is made later than on the due date determined by the calendar in accordance with § 5 Paragraph (3).
Should the Issuer for any reason whatsoever fail to provide to the Principal Paying Agent, when due, the necessary funds for the redemption of the Notes, then interest on the outstanding principal amount of such Notes will continue to accrue until the payment of such principal has been effected, however not beyond the fourteenth day after the date on which the necessary funds have been provided to the Principal Paying Agent and notice thereof has been given by publication in accordance with § 11.
(3) The floating interest rate, in respect of the Notes and each Floating Interest Payment Date, for each Floating Interest Period shall be expressed as a rate per annum. This rate is equal to the Reference Interest Rate determined in accordance with Paragraph (4) plus 1.85 per cent., and shall be determined for each Interest Period two Business Days prior to the commencement of each Interest Period (the "Interest Determination Date") by the Calculation Agent. A "Business Day" in the meaning of this § 2 Paragraph (3) shall be any day (other than a Saturday or Sunday) on which commercial banks are open for business in Frankfurt am Main and on which the Trans-European Express Transfer system (TARGET- System) settles payments.
(4) 3-months EURIBOR (the "Reference Interest Rate") is the interest rate expressed as a rate per annum published on screen page Reuters EURIBOR01 (or any successor page of the aforementioned agency or a screen page of another agency) (the "Screen Page") on the Interest Determination Date at or about 11.00 a.m. (Brussels time) for deposits in the Issue Currency for the relevant Floating Interest Period.


.............


a questo link hai il final terms dell'emissione
https://www.commerzbank.de/media/akt..._Serie_617.pdf

Ti ringrazio per la tua cortese e competente risposta.....doppio bollino verde...
per mid swsps piu 135 bp..non era una mia affermazione ma ti riportavo quanto mi era stato riferito .....ma il prospetto , da te gentilmente postato, mi sembra chiaro
Grazie ancora

[brunowg]

Scusa volevo sdebitarmi con te con un invito a cena o se ti piace andare in barca a vela sarei contento di ospitarti un we in toscana all'elba....naturalmente anche con eventuale consorte o.......

[cricket72]

ma non c'è bisogno di sdebitarsi
sul Fol c'è spirito di collaborazione e voglia di apprendere e di dare supporto a chi chiede informazioni o consigli
è routine quotidiana
grazie dell'invito molto gentile
se mi troverò dalle parti dell'isola d'elba non esiterò a contattarti per qualche lezione di vela

[oleafragrance]

conosci anche il rating di questa obbligazione?

[cricket72]

per l'agenzia Fitch su questa emissione

SUBORDINATED notes

29-NOV-2017 EUR 750,000,000 rating A


http://www.fitchratings.com/corporat...sr_id=80359641