All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

KBC rallies after €1.25bn equity raise to repay state aid

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. Though priced with a big discount, the stock went on to perform strongly later in the week.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree