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
One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses.
more »
Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times.
more »
Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project.
more »
Proposals for transparency and monitoring to keep gas flowing to the EU.
more »
On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan.
more »
EU proposes microfinance facility to encourage the unemployed to start their own businesses.
more »
For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day.
more »
Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai.
more »
On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »