KBC raises €1.25bn to repay aid, hit 10% B3 ratio
KBC Group raised €1.25bn from an accelerated bookbuild of new shares on Monday in a deal that allows the Belgian bancassurer to repay some of its state aid before higher premiums kick-in and meet a 10% Basel III capital ratio this year. JP Morgan took the global co-ordinator slot on the deal and acted as joint bookrunner with Nomura, the bank that held the lock-up following a treasury share sale in October.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: