March 20, 2012 / 4:02 PM / 5 years ago

Bank of Cyprus says boosts cap on rights issue

NICOSIA, March 20 (Reuters) - Cypriot lender Bank of Cyprus said on Tuesday its core tier 1 capital had increased by 594 million euros through a rights issue, which was undersubscribed, and a convertible securities exchange.

The bank said some 160 million euros of the amount raised concerned a rights issue, and 434 million a voluntary exchange of convertible securities. The bank had initially planned a rights issue of up to 393 million euros, and up to 600 million euros worth of convertible securities. (Reporting By Michele Kambas; Editing by Helen Massy-Beresford)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below