Bank of Cyprus in €1bn post-EBA play, others hold out for detail
Bank of Cyprus launched a €1bn capital raising on Thursday, just one week after claiming it could meet the European Banking Authority’s 9% capital buffer without turning to the markets. The move again highlighted the EBA’s harsh definition of qualifying capital instruments and the difficult choices bank officials have to make on a tight timetable in the absence of crucial detail.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts