Marfin: Issue of Capital Securities covered – Offer of 2nd Tranche of €84m – Acquisition of LGCS against €85m
Further to its announcement dated 18/03/2008 concerning the issue of Capital Securities up to the amount of Euro 200 mil. that will be included in the Hybrid Tier I Capital, Marfin Popular Bank Public Co Ltd announces the oversubscription of the initial issue (1st Tranche) which ultimately amounted to Euro 116 mil. against Euro 100 mil. as it had been initially announced. The issue was addressed to a limited group of individuals, professional investors and individuals who each invested at least Euro 50,000.
During the second phase (2nd Tranche), Capital Securities amounting up to Euro 84 mil. will be offered to the public through a Public Offer.
Marfin Popular Bank also announces that the Central Bank of Cyprus approved the repayment of LGCS Capital Securities amounting to CYP 50 mil. (Euro 85 mil.). The repayment will take place on June 27, 2008 and for the period 31/03/2008 – 26/06/2008 these Securities will bear an interest rate of 5.20%.
During the second phase (2nd Tranche), Capital Securities amounting up to Euro 84 mil. will be offered to the public through a Public Offer.
Marfin Popular Bank also announces that the Central Bank of Cyprus approved the repayment of LGCS Capital Securities amounting to CYP 50 mil. (Euro 85 mil.). The repayment will take place on June 27, 2008 and for the period 31/03/2008 – 26/06/2008 these Securities will bear an interest rate of 5.20%.
