Nog een kleine tip voor houders van de SNS 2035 steepener: XS0209792166, snr SNS, 4* (CMS10-CMS2) , min coupon 3% > bid 106.75
Verkoop deze op bid en koop
Novo banko 2035. ISIN: XS0210172721 Identieke voorwaarden offered 89.09%.
Take out 17 points. Go from BBB SNS to B Novo BUT:
(Bloomberg) -- Novo Banco SA, the bank that emerged from the breakup of Banco Espirito Santo SA, attracted non-binding bids from seven entities, the Bank of Portugal said.
The central bank is now analyzing these proposals and will select a “restricted number” of potential buyers to present binding bids, Bank of Portugal Governor Carlos Costa said at a parliamentary hearing in Lisbon. The new shareholders of Novo Banco should be known in the summer, he said.
“The sale is proceeding favorably,” Costa said. “There is strong interest from potential investors.” There are no “material delays,” he said.
Banco Santander SA submitted a non-binding offer for Novo Banco, a spokesman for the Spanish lender said on March 20.
Once Portugal’s biggest bank by market value, Banco Espirito Santo was bailed out in August after regulators ordered it to raise more capital following the disclosure of potential losses on loans linked to companies in the family-controlled Espirito Santo Group. The central bank moved the lender’s deposits and most of its assets to Novo Banco.
The Bank of Portugal’s Resolution Fund owns Novo Banco after the 4.9 billion-euro ($5.3 billion) bailout, and the rescue will be repaid by proceeds from the sale.
Potential investors had until March 20 to hand in non-binding proposals for Novo Banco. The central bank had invited 15 bidders to take part in that phase of the sale.
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