Utilize este identificador para referenciar este registo: http://hdl.handle.net/10362/15381
Título: Banco BPI and the reimbursement of contingent convertible subordinated bonds (CoCos)
Autor: Faria, Luís de Andrade Guerra Leal de
Orientador: Pinho, Paulo
Palavras-chave: Capital regulation
Sovereign debt crisis
Banco BPI
CoCos
Data de Defesa: Jan-2015
Resumo: This case study focuses on the BPI’s recapitalization plan, its causes and the reasons for the early reimbursement of CoCos in June 2014. The need for a capital intervention and the subsequent subscription agreement with the Portuguese Government of €1 500 million Core Tier 1 instruments were the result of a temporary capital buffer for sovereign debt exposures imposed by the European Banking Authority. The capital increase, the positive earnings in 2012 and 2013, the improvements in the sovereign debt crisis, the implementation of Basel III, in addition to the public exchange offer and the conversion of deferred tax assets into tax credits are the main factors for concluding the entire recapitalization operation three years before the deadline.
URI: http://hdl.handle.net/10362/15381
Designação: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
Aparece nas colecções:NSBE: Nova SBE - MA Dissertations

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