Bond BPER sub Tier 2 2027 5,125% callable Euro XS1619967182

[rivetto]

Issuer: BPER Banca S.p.a. (Ticker: BPEIM)
Issuer Ratings: Ba2 (Moody’s) / BB (Fitch)
Security: Dated Callable Subordinated, Tier 2
Expected Issue Ratings: [B1] (Moody’s) / [BB-] (Fitch)
Format: Reg S, bearer form, no communications with or into the US, no sales to Canada
Size: EUR TBC
Coupon: Fixed, Annual, Act/Act (ICMA), one time reset after year 5 to prevailing 5yr MS + Margin
IPTs: mid 5´s%area
Settlement: [31st] May 2017
Maturity: [31st] May 2027
Issuer’s Call: [31st] May 2022 (one-time) at par, subject to prior regulatory authorisation
Regulatory Call: At any time at par, upon full (or, to the extent
permitted by applicable regulations, partial)
exclusion from the Tier 2 Capital of the Issuer,
subject to prior regulatory authorisation
Tax call: At any time at par, as a result of required additional amounts (withholding tax), subject to prior regulatory authorisation
Non-Viability: Statutory (with contractual recognition of such powers)
Listing: Luxembourg Stock Exchange Regulated Market
Denoms: €100k + €1k
Docs: Issuer’s EUR 6 bn EMTN Programme as of 28 March 2017 as supplemented
Governing Law: English except for Subordination which shall be governed by Italian law
Bookrunners: Barclays / Citi / GSI / Mediobanca / Santander (B&D)
ISIN: [ ]
Timing: Books open, taking IOIs

 

[bionabol]

eè in collocamento?

 

[rivetto]

eè in collocamento?

Books open..........

 

[KlausC]

Come possiamo inquadrarla rispetto alla recente UBI 27 4,45%, qualcuno conosce il rating di quest'ultima emissione ?

 

[KlausC]

Mi rispondo da solo riprendendo il messaggio di Rivetto quando era stata emessa la UBI.
B1 vs Ba3 (Moody's).

Expected issue rating: Ba3/BB/BB+
Reg S, bearer
Coupon: Fixed, annual, act/act (ICMA), one time reset after
year 5.5 to prevailing 5Y MS + first margin
settlement: March 15, 2017
maturity: Sept. 15, 2027
Issuer’s call: Sept. [15], 2022 at par
Regulatory call: At any time at par, notes fully excluded
from the Tier 2 Capital of the Issuer and/or the Group
Tax call: At any time at par
Non-viability: Statutory
Denoms: 100k/1k
Bookrunners: Citi, Credit Agricole, GS, HSBC (B&D), JPM, UBS

Yield set at 4.5%
Size €benchmark

FINAL BOOK €1.15BN PRE-REC

 

[Andre_Sant]

Come possiamo inquadrarla rispetto alla recente UBI 27 4,45%, qualcuno conosce il rating di quest'ultima emissione ?

penso che sia il competitor naturale

 

[w0lverin]

interessante l'unico mio dubbio nel partecipare all'asta e che su himtf c'è una sbu bper scadenza 25 che gira a 100,35 IT0005108060

vediamo come va l'asta e poi decido

saluti

 

[tigredelmercato]

Coupon: Fixed, Annual, Act/Act (ICMA), one time reset after year 5 to prevailing 5yr MS + Margin

grazie Rivetto e questo Margin è fissato?



se qualcuno sa fare stima dei tassi swap attesi tra 5 anni si faccia avanti

 

[protrader]

Come possiamo inquadrarla rispetto alla recente UBI 27 4,45%, qualcuno conosce il rating di quest'ultima emissione ?

UBI è moolto meglio, considera che oltre a rating MIGLIORI è anche sistemica

BPER è poco più di un banca regionale ( qualcosa in sardegna e abruzzo)

però un pò di spazio di salita potrebbe esserci

io ho fatto richiesta

 

[virussingolo]

interessante l'unico mio dubbio nel partecipare all'asta e che su himtf c'è una sbu bper scadenza 25 che gira a 100,35 IT0005108060

vediamo come va l'asta e poi decido

saluti

320M callable a 100 dal 15/12/2020 taglio 800 pz.

 

[rivetto]

Book over €900mln

 

[Andre_Sant]

320M callable a 100 dal 15/12/2020 taglio 800 pz.

ci sono altre sub t2 (anche retail) sul mkt?

se si quali?

 

[rivetto]

Books in excess of €1bn
- Guidance 5.25% (+/- 1/8th) WPIR
- Books to go subject 1215 LDN / 1315 CET
- Timing remains today's business

 

[rivetto]

- Final terms €500mm @ 5.125%
- Books closed in excess of €1bn (pre-rec)
- Allocations & pricing to follow this afternoon

 

[Nababbo Natale]

per favore potete segnalarmi l'ISIN?

 

[crosa83]

Bper colloca titoli subordinati Tier 2 in euro - MilanoFinanza.it

 

[alfa68]

Bper colloca titoli subordinati Tier 2 in euro - MilanoFinanza.it

In che mercato sono contrattabili?
Grazie delle risposte

 

[KlausC]

In che mercato sono contrattabili?
Grazie delle risposte

Di sicuro inizialmente solo OTC, poi bisognerà capire se e in che tempi potranno approrae su TLX o forse su Himtf.

 

[rivetto]

per favore potete segnalarmi l'ISIN?

Issuer Ratings: Ba2 (Moody’s) / BB (Fitch)
Security: Dated Callable Subordinated, Tier 2
Expected Issue Rating: B1 (Moody’s) / BB- (Fitch)
Format: Reg S, bearer form, no communications with or into the US, no sales to Canada
Size: EUR 500m
Coupon: 5.125% Fixed, Annual, Act/Act (ICMA), one time reset after year 5 to prevailing 5yr MS + 491.0bps Margin
Margin: 491.0bps
Re-Offer: 100.00 // 5.125%
Settlement: 31st May 2017
Maturity: 31st May 2027
Issuer’s Call: 31st May 2022 (one-time) at par, subject to prior regulatory authorisation
Regulatory Call: At any time at par, upon full (or, to the extent permitted by applicable regulations, partial) exclusion from the Tier 2 Capital of the Issuer, subject to prior regulatory authorisation
Tax call: At any time at par, as a result of required additional amounts (withholding tax), subject to prior regulatory authorisation
Non-Viability: Statutory (with contractual recognition of such powers)
Listing: Luxembourg Stock Exchange Regulated Market
Denoms: €100k + €1k
Docs: Issuer’s EUR 6 bn EMTN Programme as of 28 March 2017 as supplemented
Governing Law: English except for Subordination which shall be governed by Italian law
Bookrunners: Barclays / Citi / GSI / Mediobanca / Santander (B&D)
ISIN: XS1619967182
FTT: 16.00 UKT / 17.00 CET

 

[KlausC]

Grazie Rivetto, solito servizio impeccabile.