Un aiuto ... please

[Yu Yu Yu]

Buon pomeriggio a tutti,

In tutto questo bailamme ? il mio dubbio è poca cosa ma lo espongo ugualmente:


"The notes will constitute part of our senior debt and will rank equally, as to our creditors, with all of our other unsecured, unguaranteed and unsubordinated debt."

che significa?

io penso che il credito sia senior e che abbia stesso rating di quelli unsecured ..... sbaglio ?

inoltre c'è qualcuno che conosce qualche cavillo a noi sfavorevole nella normativa dello stato di New York ??

grazie

Yu

[i98mark]

Originalmente inviato da Yu Yu Yu

Buon pomeriggio a tutti,

In tutto questo bailamme ? il mio dubbio è poca cosa ma lo espongo ugualmente:


"The notes will constitute part of our senior debt and will rank equally, as to our creditors, with all of our other unsecured, unguaranteed and unsubordinated debt."

che significa?

io penso che il credito sia senior e che abbia stesso rating di quelli unsecured ..... sbaglio ?

inoltre c'è qualcuno che conosce qualche cavillo a noi sfavorevole nella normativa dello stato di New York ??

grazie

Yu

Sono equiparate ai bond senior unsecured...

[Yu Yu Yu]

DESCRIPTION OF DEBT SECURITIES WE MAY OFFER
Please note that in this section entitled ""Description of Debt Securities We May OÅer'',
references to NOI B.B. xxxxxx ., ""we'', ""our'' and ""us'' refer only to NOI B.B. xxxxxx and not to its consolidated subsidiaries. Also, in this section,
references to ""holders'' mean those who own debt securities registered in their own names,
on the books that we or the trustee maintain for this purpose, and not those who own
beneÑcial interests in debt securities registered in street name or in debt securities issued in
book-entry form through one or more depositaries. Owners of beneÑcial interests in the debt
securities should read the section below entitled ""Legal Ownership and Book-Entry Issuance''.
Debt Securities May Be Senior or Subordinated
We may issue senior or subordinated debt securities. Neither the senior debt securities nor
the subordinated debt securities will be secured by any property or assets of NOI B.B. xxxxxx or its subsidiaries. Thus, by owning a debt security, you are one of our
unsecured creditors.
The senior debt securities and, in the case of senior debt securities in bearer form, any
related interest coupons, will constitute part of our senior debt, will be issued under our senior
debt indenture described below and will rank equally with all of our other unsecured and
unsubordinated debt.
The subordinated debt securities and, in the case of subordinated debt securities in bearer
form, any related interest coupons will constitute part of our subordinated debt, will be issued
under our subordinated debt indenture described below and will be subordinate in right of
payment to all of our ""senior indebtedness'', as deÑned in the subordinated debt indenture. The
prospectus supplement for any series of subordinated debt securities or the information
incorporated in this prospectus by reference will indicate the approximate amount of senior
indebtedness outstanding as of the end of our most recent Ñscal quarter. Neither indenture limits
our ability to incur additional senior indebtedness.
When we refer to ""debt securities'' in this prospectus, we mean both the senior debt
securities and the subordinated debt securities.
The Senior Debt Indenture and the Subordinated Debt Indenture
The senior debt securities and the subordinated debt securities are each governed by a
document called an indentureÌthe senior debt indenture, in the case of the senior debt
securities, and the subordinated debt indenture, in the case of the subordinated debt securities.
Each indenture is a contract between us and The Bank of New York, which will initially act as
trustee. The indentures are substantially identical, except for our covenant described below under
""Ì Restriction on Liens'', which is included only in the senior debt indenture, and the provisions
relating to subordination, which are included only in the subordinated debt indenture.
The trustee under each indenture has two main roles:
‚ First, the trustee can enforce your rights against us if we default. There are some
limitations on the extent to which the trustee acts on your behalf, which we describe later
under ""Ì Default, Remedies and Waiver of Default''.
‚ Second, the trustee performs administrative duties for us, such as sending you interest
payments and notices.
See ""Ì Our Relationship With the Trustee'' below for more information about the trustee.
8
When we refer to the indenture or the trustee with respect to any debt securities, we mean
the indenture under which those debt securities are issued and the trustee under that indenture.
We May Issue Many Series of Debt Securities
We may issue as many distinct series of debt securities under either debt indenture as we
wish. This section summarizes terms of the securities that apply generally to all series. The
provisions of each indenture allow us not only to issue debt securities with terms diÅerent from
those of debt securities previously issued under that indenture, but also to ""reopen'' a previous
issue of a series of debt securities and issue additional debt securities of that series. We
describe most of the Ñnancial and other speciÑc terms of your series, whether it be a series of
the senior debt securities or subordinated debt securities, in the prospectus supplement
accompanying this prospectus. Those terms may vary from the terms described here.
As you read this section, please remember that the speciÑc terms of your debt security as
described in your prospectus supplement will supplement and, if applicable, may modify or
replace the general terms described in this section. If there are any diÅerences between your
prospectus supplement and this prospectus, your prospectus supplement will control. Thus,
the statements we make in this section may not apply to your debt security.
When we refer to a series of debt securities, we mean a series issued under the applicable
indenture. When we refer to your prospectus supplement, we mean the prospectus supplement
describing the speciÑc terms of the debt security you purchase. The terms used in your
prospectus supplement will have the meanings described in this prospectus, unless otherwise
speciÑed.

[i98mark]

Originalmente inviato da Yu Yu Yu

DESCRIPTION OF DEBT SECURITIES WE MAY OFFER
Please note that in this section entitled ""Description of Debt Securities We May OÅer'',
references to NOI B.B. xxxxxx ., ""we'', ""our'' and ""us'' refer only to NOI B.B. xxxxxx and not to its consolidated subsidiaries. Also, in this section,
references to ""holders'' mean those who own debt securities registered in their own names,
on the books that we or the trustee maintain for this purpose, and not those who own
beneÑcial interests in debt securities registered in street name or in debt securities issued in
book-entry form through one or more depositaries. Owners of beneÑcial interests in the debt
securities should read the section below entitled ""Legal Ownership and Book-Entry Issuance''.
Debt Securities May Be Senior or Subordinated
We may issue senior or subordinated debt securities. Neither the senior debt securities nor
the subordinated debt securities will be secured by any property or assets of NOI B.B. xxxxxx or its subsidiaries. Thus, by owning a debt security, you are one of our
unsecured creditors.
The senior debt securities and, in the case of senior debt securities in bearer form, any
related interest coupons, will constitute part of our senior debt, will be issued under our senior
debt indenture described below and will rank equally with all of our other unsecured and
unsubordinated debt.
The subordinated debt securities and, in the case of subordinated debt securities in bearer
form, any related interest coupons will constitute part of our subordinated debt, will be issued
under our subordinated debt indenture described below and will be subordinate in right of
payment to all of our ""senior indebtedness'', as deÑned in the subordinated debt indenture. The
prospectus supplement for any series of subordinated debt securities or the information
incorporated in this prospectus by reference will indicate the approximate amount of senior
indebtedness outstanding as of the end of our most recent Ñscal quarter. Neither indenture limits
our ability to incur additional senior indebtedness.
When we refer to ""debt securities'' in this prospectus, we mean both the senior debt
securities and the subordinated debt securities.
The Senior Debt Indenture and the Subordinated Debt Indenture
The senior debt securities and the subordinated debt securities are each governed by a
document called an indentureÌthe senior debt indenture, in the case of the senior debt
securities, and the subordinated debt indenture, in the case of the subordinated debt securities.
Each indenture is a contract between us and The Bank of New York, which will initially act as
trustee. The indentures are substantially identical, except for our covenant described below under
""Ì Restriction on Liens'', which is included only in the senior debt indenture, and the provisions
relating to subordination, which are included only in the subordinated debt indenture.
The trustee under each indenture has two main roles:
‚ First, the trustee can enforce your rights against us if we default. There are some
limitations on the extent to which the trustee acts on your behalf, which we describe later
under ""Ì Default, Remedies and Waiver of Default''.
‚ Second, the trustee performs administrative duties for us, such as sending you interest
payments and notices.
See ""Ì Our Relationship With the Trustee'' below for more information about the trustee.
8
When we refer to the indenture or the trustee with respect to any debt securities, we mean
the indenture under which those debt securities are issued and the trustee under that indenture.
We May Issue Many Series of Debt Securities
We may issue as many distinct series of debt securities under either debt indenture as we
wish. This section summarizes terms of the securities that apply generally to all series. The
provisions of each indenture allow us not only to issue debt securities with terms diÅerent from
those of debt securities previously issued under that indenture, but also to ""reopen'' a previous
issue of a series of debt securities and issue additional debt securities of that series. We
describe most of the Ñnancial and other speciÑc terms of your series, whether it be a series of
the senior debt securities or subordinated debt securities, in the prospectus supplement
accompanying this prospectus. Those terms may vary from the terms described here.
As you read this section, please remember that the speciÑc terms of your debt security as
described in your prospectus supplement will supplement and, if applicable, may modify or
replace the general terms described in this section. If there are any diÅerences between your
prospectus supplement and this prospectus, your prospectus supplement will control. Thus,
the statements we make in this section may not apply to your debt security.
When we refer to a series of debt securities, we mean a series issued under the applicable
indenture. When we refer to your prospectus supplement, we mean the prospectus supplement
describing the speciÑc terms of the debt security you purchase. The terms used in your
prospectus supplement will have the meanings described in this prospectus, unless otherwise
speciÑed.

Che roba è ?

[Yu Yu Yu]

Originalmente inviato da i98mark

Sono equiparate ai bond senior unsecured...

unsecured significa che non c'è nessun bene a copertura, giusto ?

la garanzia è data dalla società o da cosa ne restasse in caso di liquidazione.

NON sono bond subordinati.

è tutto giusto ?

grazie

[i98mark]

Originalmente inviato da yu yu yu

unsecured significa che non c'è nessun bene a copertura, giusto ?

La garanzia è data dalla società o da cosa ne restasse in caso di liquidazione.

Non sono bond subordinati.

è tutto giusto ?

Grazie

sì

[Yu Yu Yu]

Originalmente inviato da i98mark

Che roba è ?

è un estratto delle NOTES .....

volevo comprare un GS al più del 6% netto annuo ma il mio capo supremo ha detto di no ...

[debitofilo]

Originalmente inviato da i98mark

sì

ormai neanche più i senior vanno bene...poveri noi obbligazionisti da domani tutti alla ricerca di senior sicured

[Yu Yu Yu]

Originalmente inviato da marco333

ormai neanche più i senior vanno bene...poveri noi obbligazionisti da domani tutti alla ricerca di senior sicured

eh già.

Tu lo compreresti un senior sicured ad un pezzo di terra in Virginia o in South Carolina .....