Debt for equity swap efficient, says Commerz
Commerzbank booked a €776m core tier one gain through its debt for equity swap this week, a deal that the bank’s head of capital management said was an efficient way to increase capital.
The German bank announced the results of the deal on Monday, and said that on top of the immediate capital gain, it would save 484m on coupon payments over the next five years.
"Were very happy with the results," Norbert Dörr, head of capital management and planning at
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