BIL spends €187m on reg capital boost

22 Jan 2013

Banque Internationale à Luxembourg chose to accept around 55% of all the notes offered by investors for purchase in its tender offer for subordinated debt, which expired on January 18.

Investors tendered the equivalent of €338,289,022.28 across five subordinated debt notes, just inside the €350m cap on the buyback, but BIL purchased €186,800,300.25 across five tier one and tier two notes.

An equivalent of €600m of tier one and tier two debt was included in the buyback, which ...

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