Dominet Bank (Poland) has received the green light from the Banking Supervision Commission to credit a bond issue to its own funds
Published:
24 September 2004 y., Friday
Dominet Bank (Poland) has received the green light from the Banking Supervision Commission (KNB) to credit a bond issue to its own funds.
As a result the bank has gone ahead with the first tranche of the issue worth zł.30 million, which has increased its capital to more than zł.103 million and its solvency ratio to 12.4%. "The bond issue program was organized by BRE Bank. This is the first time on the market that such a transaction was executed between two unrelated entities where a bank was the issuer. KNB has also allowed free trading of these bonds," said Agnieszka Czuba, the director of the financial markets department at BRE. The whole value of the issue is to amount to zł.80 million. The next tranche is planned for mid 2005. According to regulations, capital obtained in such a way cannot exceed 50% of basic funds, therefore part of the stake will be aimed at the main shareholders, namely Dominet and Merrill Lynch.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them.
more »
The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses.
more »
Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union.
more »
New measures to help farmers through recession as milk prices tumble.
more »
Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving.
more »
The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic.
more »
The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission.
more »
In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements.
more »