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作者 dhvaja (終於懂了)
標題 [新聞]瑞銀對瑞信提出要約,考慮債券持有人損失
時間 Sun Mar 19 23:06:39 2023


原文標題:

UBS makes offer for Credit Suisse, bondholder losses considered
瑞銀對瑞士信貸提出要約,考慮債券持有人的損失

原文連結:

https://reurl.cc/WDNxXe
Central banks try to calm markets after UBS deal to buy Credit Suisse | Reuters
[圖]
UBS will pay more than $3 billion for Credit Suisse and assume up to $5.4 billion in losses, while the Fed, ECB and other central banks issued stateme ...

 

發布時間:2023/3/19

記者署名:

Stefania Spezzati, Oliver Hirt and John O'Donnell

原文內容:
March 19 (Reuters) - UBS Group AG (UBSG.S) is in emergency talks to buy
fellow Swiss banking giant Credit Suisse (CSGN.S) as authorities bid to stave
off turmoil when global markets reopen on Monday, with reports saying UBS has
offered to pay up to $1 billion.

Swiss authorities are examining imposing losses on Credit Suisse bondholders
as part of a rescue, two sources with knowledge of the matter said on Sunday,
while European regulators are apprehensive for fear it could hit investor
confidence elsewhere.

Authorities have been racing to rescue the 167-year-old bank, among the
world's largest wealth managers, to avoid a collapse in confidence among
investors as some banks struggle with the fallout of rapidly rising central
bank interest rates.

As one of 30 global banks seen as systemically important, any deal for Credit
Suisse could have major repercussions for bank valuations.


瑞銀集團 (UBSG.S) 正在就收購事宜進行緊急談判瑞士銀行業巨頭瑞士信貸 (CSGN.S)
當局試圖阻止週一全球市場重新開放時動盪不安,有報導稱瑞銀已願意支付高達 10
億美元。

瑞士當局正在審查對瑞士信貸債券持有人施加損失作為救援的一部分,兩名知情人士
周日表示,而歐洲監管機構擔心它可能會打擊投資者別處的信心。

Bloomberg News, citing people with knowledge of the matter, said Credit
Suisse was resisting the offer of up to $1 billion, believing it to be too
low and that it would hurt shareholders and employees who hold deferred stock.

Credit Suisse and UBS declined to comment, and the Swiss government did not
immediately respond to a request for comment.

The Financial Times reported that the all-share deal was set to be signed as
early as Sunday. Citing people familiar with the matter, it said an offer
made on Sunday was of 0.25 Swiss francs ($0.27) per Credit Suisse share, well
below Friday's closing price of 1.86 Swiss francs and all but wiping out the
bank's existing shareholders.

UBS has also insisted on a "material adverse change" that voids the deal in
the event its credit default spreads jump by 100 basis points or more, the
report added. It said there was no guarantee that terms will remain the same
or that a deal would be reached.

A person with knowledge of the talks earlier told Reuters that UBS sought $6
billion from the Swiss government as part of a possible purchase of its
rival. The guarantees would cover the cost of winding down parts of Credit
Suisse and potential litigation charges.


心得/評論:

這則最新的新聞重點在瑞士當局正在審查對瑞士信貸債券持有人施加損失作為救援
的一部分,台灣之前調查有2000億的瑞信部位,應該大多都是債券,萬一債券持有
人要被犧牲,台灣壽險股可能會被外資大賣...



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※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 49.216.41.3 (臺灣)
※ 作者: dhvaja 2023-03-19 23:06:39
※ 文章代碼(AID): #1a5oK106 (Stock)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1679238401.A.006.html
tomdavis: https://udn.com/news/story/7239/7036964
這新聞上面的應該有些不是債券吧? 還是說大部分是?1F 03/19 23:07

 
xephon: 最近每個週日都很熱鬧,Drama一堆3F 03/19 23:12
WestRiver0tp: 完了4F 03/19 23:13
Brioni: 外資一直賣金金5F 03/19 23:13
[圖]
tsukuyomii: 慘...之前反彈是彈瑞信的利多結果現在...7F 03/19 23:15
[圖]
kobebryant08: TLAC GG9F 03/19 23:17
sova0809: 債券變大便囉10F 03/19 23:18
Dimitre: 金融股信徒: 套著沒配息也舒服11F 03/19 23:19
jeffkent: 這根台灣壽險業一點關係也沒有吧12F 03/19 23:19
kobebryant08: 壽險業一堆TLAC債券 可能會轉成股票13F 03/19 23:19
sova0809: 能持有到期的債券才有價值 不能的就買到空氣吃筍14F 03/19 23:20
Su22: 會影響到其他債券的價格嗎?15F 03/19 23:20
kobebryant08: 一般資本如果不夠燒 就是次債跟TLAC下來幫忙補16F 03/19 23:22
Orianna: 舊聞了 最新是瑞士政府晚點有重大記者會17F 03/19 23:22
tomdavis: 美國國債還能持有到期回本 這個....18F 03/19 23:22
kobebryant08: 我是覺得收歸國有比較快19F 03/19 23:22
Orianna: 政府開記者會 這要國有了20F 03/19 23:22
picaroon: 什麼時候開21F 03/19 23:25
kobebryant08: 收歸國有也有分 先破產清算再接管 還是直接買下股份22F 03/19 23:26
omanorboyo: 問就是公告地價徵收23F 03/19 23:26
kobebryant08: 終於可以看到TLAC有可能派上用途24F 03/19 23:28
Orianna: 瑞信覺得很難進入全額破產清算 量體過大25F 03/19 23:28
Lowpapa: 一定噴26F 03/19 23:29
yinaser: 現在市場押注政府會吃下債券價格大噴27F 03/19 23:29
stlinman: 國泰金表示:28F 03/19 23:29
g0t24568: TLAC直接轉換了吧29F 03/19 23:29
daniel74327: 應該是牽扯到瑞士政府的金融地位 不能搞得太難看30F 03/19 23:30
kobebryant08: 那就是政府全額收購 如果沒有走破產  債券safe
還直接變成類公債
應該說公有金融債31F 03/19 23:30
sion1993: 會不會換政府破產?34F 03/19 23:31
kobebryant08: 除非瑞士法郎沒救 不然要怎麼破產35F 03/19 23:32
g0t24568: 我是覺得債券投資人應該完蛋36F 03/19 23:32
tomdavis: https://i.imgur.com/nVji2kM.jpg 看瑞士政府怎麼定37F 03/19 23:32
[圖]
epson5566: 看要不要去求歐盟阿38F 03/19 23:32
Rex1009: 當然是全部轉完再收購39F 03/19 23:33
kobebryant08: 那就是要啟動TLAC的條款了40F 03/19 23:33
daniel74327: 真的倒債 瑞士政府在國際上的金融地位就GG了41F 03/19 23:33
tomdavis: SVB不也是股東直接掰掰 米國政府也沒怎樣啊42F 03/19 23:34
kobebryant08: 瑞信跟SVB不能比  天差地遠43F 03/19 23:34
tomdavis: 說的也是 SVB是直接收到 CS是政府救
CS政府救 讓他繼續活 SVB直接龜苓膏44F 03/19 23:35
g0t24568: 說實在DB 和CS本來就該倒 一堆散戶拿他們發的結構46F 03/19 23:35
bigyo: 10億美元、300多億台幣,台灣金融業沒人拿得出來嗎48F 03/19 23:35
kougousei: 拿得出來啊,但去幫瑞士人填屎坑幹嘛49F 03/19 23:36
g0t24568: 金管會應該還統計有多少上手是CS發的產品50F 03/19 23:36
hohomonkey: 債券持有人跟股東應該不一樣吧51F 03/19 23:36
epson5566: 台灣銀行去買 你猜台灣民眾會不會恐慌52F 03/19 23:36
melonQ: 資本主義鐵拳準備打向歐洲53F 03/19 23:36
abiggun: 債券唯一風險就是倒債54F 03/19 23:36
tomdavis: 資本主義的鐵拳 瑞士政府出拳 國泰金用臉接?55F 03/19 23:36
Orianna: 哭啊 瑞士的銀行政府不可信 賭神都哭了56F 03/19 23:36
kougousei: 真的併購會比BenQ併西門子吃更多屎 沒事踩糞坑幹嘛57F 03/19 23:37
hohomonkey: 持有人比較像存戶的角色58F 03/19 23:37
DrowningPool: 花10買不知道幾百億的坑幹嘛59F 03/19 23:37
Rex1009: 這在說AT1 又不是一般的債券60F 03/19 23:37
epson5566: 現在看起來不像只有幾百億鎂的坑61F 03/19 23:38
sazabijiang: 阿不是說買美國債券很安全無風險?嘻嘻62F 03/19 23:38
kougousei: 瑞信問題又不是美國債券...63F 03/19 23:38
epson5566: 瑞信自己發的公司債....64F 03/19 23:39
yinaser: 可能類似AIG救市方案只是瑞士法郎會爆貶65F 03/19 23:39
jira: 今天訊息量好大66F 03/19 23:39
poeoe: 美債又沒違約 當然還是安全啊67F 03/19 23:40
good5755: 瑞信財報有問題好幾年了 早該處理硬要拖68F 03/19 23:40
kobebryant08: 美債 =/= 美元債69F 03/19 23:40
Maxslack: 感謝這篇又讓我黑掉一個什麼都不懂卻愛推文的70F 03/19 23:43
goodbye: 瑞信倒跟瑞銀信用有什麼關係?
美國銀行也是倒一堆 FED再怕信用受損?71F 03/19 23:43
f1r9a9n2k: 台灣的去買可能整間掉到坑裡73F 03/19 23:46
Adonisy: 總之這事不可能是件小事...74F 03/19 23:46
IhateOGC: 沒強制力75F 03/19 23:49
MBAR: 西瓜金真的每次都有事,怎麼會這麼厲害啊…76F 03/19 23:56
b777300: 我認為瑞銀只肯用10億瑞郎去談是個很大的問題,意味著瑞信剩餘價值不高...77F 03/20 00:02
tio2catalyst: 台灣壽險對瑞信曝險都千億了,10億瑞郎甚麼大便價79F 03/20 00:03
fly5566: 瑞銀就吃定你瑞信啦不然瑞信能怎樣80F 03/20 00:12
kobebryant08: UBS財富理財為主的 吃那坨屎幹嘛81F 03/20 00:12
slayptter: 出事XDD82F 03/20 00:13
aresa: 瑞信的坑可是從疫情前就在滾了83F 03/20 00:14
g0t24568: 台灣金融監理很嚴 基本上控制的好 國外洞一堆84F 03/20 00:15
kobebryant08: 吃了海量的美元債擔一堆匯率風險 我是不敢認同樓上85F 03/20 00:17
goodbye: 但是國內金融也買不少國外產品吧?86F 03/20 00:18
圖片讀取失敗
xephon: 完了88F 03/20 00:24
sheng76314: 貼錯篇 qq89F 03/20 00:25
edcs: 可見這坑很大90F 03/20 00:25
money1992922: 好啦中信金20以下我歐印,21多已經在慢慢收了91F 03/20 00:25
g0t24568: 是啊 CS發的產品一堆 等著看92F 03/20 00:26

 
tomdavis: https://reurl.cc/OVrr7r 幫縮網址!95F 03/20 00:27
kobebryant08: 不會阿 存到JPM怎可能有問題 小銀行會吃屎而已96F 03/20 00:28
daniel74327: 看來三月FED搞不好真的停止升息97F 03/20 00:28
tomdavis: 整體存款餘額減少的意思? 可是大銀行利率還是很低!98F 03/20 00:29
qoqocat: 笑死叫人把錢存進幣圈
根本想錢想瘋了99F 03/20 00:30
AGODC: 就說把債卷當資產,這不是件奇怪的事?是說現代遊戲規則這樣玩,你不想玩也不行408F 03/20 08:13
brabra: 併購減記願有債券不是常識嗎?不然你買金融債是追求超額報酬嗎?要不是金融債ETF沒券空,不然我早空了410F 03/20 10:27
CaLawrence: 大樹金買的又不是at1412F 03/20 12:02
lise1017: 該擔心的是那些買了保險的保戶吧 萬一垮台自己那些保單該怎麼辦
又不像現金點一點就可以轉出去了413F 03/20 12:06

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(dhvaja.): [新聞]瑞銀對瑞信提出要約,考慮債券持有人損失 - Stock板