Dankse gets Basel-ready with $3.5bn cap hike
Dankse Bank on Thursday revealed plans for a Dkr20bn ($3.6bn) rights issue that took the market by surprise and led to a higher-than-usual, 11% first day share price fall. It will launch the issue by the end of April and use the proceeds to repay Dkr26bn of state aid hybrids ahead of Basel III implementation.
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