Marfin: Offer for C. Securities 2008 oversubscribed
9/7/2008 15:50
Marfin Popular Bank Public Co Ltd is pleased to announce the oversubscription of its public offering for the Capital Securities of 2008 (2nd tranche), which expired on June 27, 2008.
The applications that have been received amounted to €100,918,000 and exceed the sum of €83,841,000 that has been offered. The Capital Securities will be allocated to the applicants on a pro rata basis as soon as the minimum application sum (€1,000) is satisfied by all applicants.
The allocation letters will be posted on July 11, 2008 together with the refundable sum due to the oversubscription.
It is reminded that due to increased demand, the private placement of Capital Securities for 2008 (1st tranche) in April 2008 was extended to €116,159,000 from €100,000,000 that it was initially announced.
The Bank would like to thank investors for their interest, which is a vote of confidence to the results and the prospects of Marfin Popular Bank Co Ltd.
The Capital Securities will strengthen further the Hybrid Tire I Capital.
The applications that have been received amounted to €100,918,000 and exceed the sum of €83,841,000 that has been offered. The Capital Securities will be allocated to the applicants on a pro rata basis as soon as the minimum application sum (€1,000) is satisfied by all applicants.
The allocation letters will be posted on July 11, 2008 together with the refundable sum due to the oversubscription.
It is reminded that due to increased demand, the private placement of Capital Securities for 2008 (1st tranche) in April 2008 was extended to €116,159,000 from €100,000,000 that it was initially announced.
The Bank would like to thank investors for their interest, which is a vote of confidence to the results and the prospects of Marfin Popular Bank Co Ltd.
The Capital Securities will strengthen further the Hybrid Tire I Capital.
