Generali 2048 sub Tier2 eur 5% callable isin XS1428773763 / 2

Grazie investo, per il mifid2 come si può risolvere?

Chiamando in banca? Grazie
 
Devi diventare investitore professionale
 
riguardo alla mia domanda di ieri l'altro hai ragione Debe,rende molto di piu la 2048 e 2047 per la ceddola skippabile,infatti la generali 2026 e 2042(call 2042) che non hanno quella clausole rende circa come le altre big Mediobanca Isp
 
Grazie investo, per il mifid2 come si può risolvere?

Chiamando in banca? Grazie

Con Binck devi inviare un modulo in cui dichiari che "hai piu' di 500K di patrimonio", e che "fai operazioni di dimensioni significative" o "che hai lavorato in finanza".

Chiedi alla tua banca sistemica che ti inviino il modulo di "Richiesta di qualifica Cliente professionale", ma temo dovrai passare per le forche caudine del tuo Private Banker (ex Promoinqulatore Finanzario) che ti proporra' i suoi Fondi Ferla coi TER al 3% annuo. :D
 
Ultima modifica:
Sulla Generali48 con binck non serve essere professional,è un titolo emesso prima della mifid2
 
riguardo alla mia domanda di ieri l'altro hai ragione Debe,rende molto di piu la 2048 e 2047 per la ceddola skippabile,infatti la generali 2026 e 2042(call 2042) che non hanno quella clausole rende circa come le altre big Mediobanca Isp

Scusa l'ignoranza cosa intende per cedola skippabile?
 
Scusa l'ignoranza cosa intende per cedola skippabile?

In determinate circostanze,in casi limite ,l'emittente può non pagare la cedola e posticiparla ,evento remoto su un'emittente come generali
 
Sulla Generali48 con binck non serve essere professional,è un titolo emesso prima della mifid2

Tuttavia Fineco con la qualifica di cliente al dettaglio non te la fa acquistare poichè mancante di kid
 
Fitch Affirms Generali's IFS at 'A-'; Outlook Stable
03 JUL 2018 11:48 AM ET

Fitch Ratings-London-03 July 2018: Fitch Ratings has affirmed Assicurazioni Generali SpA's (Generali) and core subsidiaries' Insurer Financial Strength (IFS) Ratings at 'A-' (Strong). The agency has also affirmed Generali's Long-Term Issuer Default Rating (IDR) at 'A-'. The Outlooks are Stable. A full list of rating actions is at the end of this commentary.

KEY RATING DRIVERS
The ratings reflects the group's strong and resilient capitalisation, improved financial leverage and very strong business profile, in particular strong market positions in Italy, Germany and France. The group's ratings remain influenced by Italy's sovereign rating of 'BBB'/Stable through the group's exposure to Italian-based debt securities. To back domestic liabilities in Italy the group held EUR64 billion of Italian sovereign bonds at end-2017 (2.5x consolidated shareholders' funds).

Generali's exposure to Italian sovereign debt creates a large concentration risk and a potential source of volatility for capital adequacy. However, based on the results of scenario tests, Fitch believes that Generali's capital position is resilient against potential stress on the Italian sovereign debt. Moreover, Fitch expects Generali's exposure to Italian securities to remain stable.

We apply a sovereign constraint on Generali's ratings of 'A-', two notches above Italy's sovereign rating. This is in recognition of Generali's geographical diversification and strong resilient capital position. Generali's unconstrained IFS assessment is 'A'. The group generates around 66% of its operating profit and 67% of its gross written premiums from outside Italy. Generali is the third-largest European insurance group by premiums, with a leading position in core western Europe countries and a significant presence in central and eastern Europe and in Asia.

Fitch's view of Generali's capitalisation is driven by the group's score under Fitch's Prism Factor Based Model (Prism FBM). Generali's Prism FBM score was 'Very Strong' based on end-2017 financials, in line with 2016's. Its consolidated Solvency II regulatory ratio, calculated according to the group's partial internal model, improved to 207% at end-2017 (2016: 178%). The ratio remains exposed to volatility in sovereign bond markets, especially Italian sovereign bonds spreads.

Generali's Fitch-calculated financial leverage ratio (FLR) improved to 31% at end-2017 (2016: 33%), following the repayment of debt maturing in 2017. Fitch views Generali's financial leverage as high for the ratings. However, we expect the FLR will further improve in 2018 and 2019 as the group's planned debt maturities will likely exceed refinancing over the same period.

Generali's fixed-charge coverage (FCC) ratio, including unrealised and realised gains and losses, was strong at 6.9x in 2017, up from 5.4x in 2016. A decline in the stock of subordinated debt over 2017 drove interest expenses lower. We expect the FCC ratio to improve further as the group deleverages and refinances debt at lower coupons. Generali also has very strong financial flexibility, as demonstrated, for example, by pre-funding activities carried out during the past four years.

Generali's operating performance remained strong in 2017. The non-life combined ratio reported by the group stood at 92.8% in 2017 (2016: 92.3%), which Fitch views as very strong. Its operating profit also increased to EUR4,895 million in 2017 (2016: EUR4,783 million). Generali's 2013-2017 average return on equity as calculated by Fitch was 9%, a level that we view as commensurate with Generali's ratings. We expect Generali to improve its earnings through cost efficiencies, better underwriting margins and optimisation of its geographical and business mix, despite persistent low interest rates.

Low Interest rates are a key risk for Generali's life business, as the majority of in-force life reserves carry financial guarantees. However, Generali's balance sheet is well-shielded from interest-rate movements, as the duration gap between its assets and liabilities is close to zero. Generali put into run-off its largest German life entity, Generali Leben, in 1Q18, as part of the restructuring of its German operations. We view this move as positive for asset and liability management, as Generali will have more flexibility to manage the policyholders' guarantees attached to Generali Leben's life liabilities.
 
riguardo alla mia domanda di ieri l'altro hai ragione Debe,rende molto di piu la 2048 e 2047 per la ceddola skippabile,infatti la generali 2026 e 2042(call 2042) che non hanno quella clausole rende circa come le altre big Mediobanca Isp

i bond 2042 (call 2022) hanno lo skip della cedola

rendono di meno perchè scadono prima
 
Fitch: Generali a Forerunner to More German Life Run-off Deals
05 JUL 2018 11:09 AM ET

Fitch Ratings-Frankfurt/London-05 July 2018: Today's announcement that Generali has agreed to sell 89.9% of Generali Leben to Viridium reinforces our expectation that disposal of closed funds will be a growing theme in the German life insurance market, Fitch Ratings says. The transaction would be the largest run-off deal in Germany to date, covering traditional-business reserves of about EUR37 billion, and could pave the way for more large deals.

We forecast that run-off specialists will manage more than half of closed life business in Germany by 2022, compared with about 25% currently, as insurers start to find the costs of managing shrinking portfolios an increasing burden. Run-off specialists such as Viridium can manage closed portfolios more efficiently by acquiring and integrating portfolios from several insurers to generate economies of scale.

Many German life insurers have stopped offering traditional saving products with long-term investment guarantees and put their portfolios into run-off. Traditional business has become less profitable and more capital intensive due to low investment yields and higher capital requirements under Solvency II. About EUR130 billion of Germany's EUR1 trillion life sector is in run-off, and we think this could grow to EUR180 billion by 2022.

The Italian insurance group Generali put Generali Leben into run-off in 1Q18 as part of a restructuring of its German operations. Generali Leben is the group's largest German life entity, with traditional-business reserves of about EUR37 billion. The sale to Viridium is likely to be credit positive for Generali, reducing its exposure to interest rate risk and marginally strengthening its capital position. Generali says the transaction will add about 2.6pp to its Solvency II ratio (end-2017: 207%). The group will still have a strong position in Germany, through Generali Deutschland, focusing on unit-linked, hybrid and protection products.

We do not rate Generali Leben, but our 'A-'/Stable Insurer Financial Strength ratings on Generali and Generali Deutschland will not be affected by the deal, and remain constrained at two notches above the Italian sovereign rating (BBB/Stable). (See "Fitch Affirms Generali's IFS at 'A-'; Outlook Stable", published on 3 July 2018.)

Fitch is holding an event on European life insurance consolidators on 20 September in London. Click here for details.
 
Che è stata un'ottima occasione per gli istituzionali di soffocare il mercato e riprendersi pian piano a prezzi da saldo i titoli prima venduti ai privati, profittando dei timori o delle necessità dei precedenti investitori.
Insomma, mica l'han fatta a caso ...
 
Perché le sub oggi scendono ...???
 
Forse vendono per comprare proprio i btp
 
ma dove si trova il KIDS di GENERALI?e' possibile che la compagnia non lo fornisca al mercato?MEDIOBANCA lo ha fornito per tutte le obbligazioni....bella banda di pi.rla GENERALI cosi' le obbligazioni non si possono piu' tradare:wall::wall::wall::wall:
 
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