Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item |
Bank of Cyprus buys back 7 million more tier 1 capital securities
By Mary-Katherine Stinson
Lexington, Ky., July 3 Bank of Cyprus Holdings plc repurchased an additional 7 million of the nearly 16 million remaining outstanding fixed-rate reset perpetual additional tier 1 capital securities with a first call date on Dec. 19, 2023 (ISIN: XS1865594870), according to a notice.
The open market purchases were made as a part of the groups active management of its capital position and liabilities.
This follows the June refinancing and offer to purchase any and all of the 220 million tier 1 securities, in which 204,483,000, or about 93%, of the outstanding securities were tendered. This left 15,517,000 outstanding after settlement on June 21.
Based in Nicosia, Cyprus, the Bank of Cyprus is a banking and financial services group.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.