The nominal value of each share was set at 1,000 roubles ($17.13), and the price for the share issue should be no less than the nominal value, the FG had said earlier.
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The shareholder meeting of the beverage group on Friday approved a stock split its ordinary shares with a nominal value of 0.10 euros each into new shares with a nominal value of 0.05 euros apiece.
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The source said retail bondholders would be offered the chance of converting their bonds at or close to nominal value, while institutional investors would get between 80 and 100 percent of their bonds' nominal value.
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The portfolio has a nominal value of about 225 million euros.
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Selling such arrears will be done at discounts to the nominal value.
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They value insolvent loans at less than 40 percent of their nominal value.
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Unsecured loans are usually worth less than 10 percent of their nominal value.
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The nominal value of the bonds, which are due to mature on Sept.
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The capital reduction decreases the nominal value per share from 40.00 francs to 3.50.
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A wrong entry means they lose those tokens, which at present only have nominal value.
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The IPO will see Medical Park offer up to 101 million lira nominal value shares.
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Carige said it was offering to convert a 160 million euro ($190 million) Tier 1 bond at 30 percent of its nominal value and three Tier 2 bonds with a combined outstanding amount of 13 million euros at 70 percent of their nominal value.
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The nominal value of each of the company's shares will increase from 10 to 13 zlotys.
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Carinthia, which has an annual budget of around 2.2 billion euros, a fraction of the bonds' nominal value, said on Wednesday it was offering to buy back the senior bonds at 75 percent of their nominal value, including interest owed, and at 30 percent for subordinated bonds.
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Humans, focused on nominal value, generally do not, and so lenders suffer as inflation erodes promised receipts.
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The nominal value of each share will be 1 Egyptian pound ($0.0560) instead of five, it said.
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The government argued furniture purchases are limited to those of "nominal value" under the Members' Representational Allowance.
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The seven-year bonds, each with a nominal value of 21,20.8816 euros, will pay a semi-annual coupon.
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The company said it had bought about 1003 million euro ($75.1 million) nominal value worth of non-performing loans.
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The soccer company approved a non-convertible bond loan for a total nominal value up to 2225 million euros.
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Three industry sources said investors can expect to recoup on average 30-35 percent of a loan's nominal value.
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Put in context, that is nearly one-third of the nominal value of the U.S. economy as a whole.
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The plan involves raising capital by increasing the nominal value of the utilities' shares, and not issuing new shares.
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A nominal value of Eurobonds to be issued will be up to $4 billion, the ministry said on Wednesday.
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The bond has been issued under the series 001P bond programme with a maximum nominal value of RUB100 billion.
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It is offering 75 percent of the nominal value of senior bonds, which make up the bulk of the paper.
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JMT is making the most of bad times, snapping up distressed debt at just 5 percent of its nominal value.
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The European Commission estimates that Euribor underpins contracts with a nominal value of about 180 trillion, making it a vital instrument.
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AMCs could also be turned into national bad banks that acquire bad loans at prices much closer to their nominal value.
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Company corrects its own statement.) July 31 (Reuters) - PRAGMA INKASO SA: * ACQUIRED IN Q2 LIABILITIES OF TOTAL NOMINAL VALUE OF 390.6 MILLION ZLOTYS VERSUS 178.9 MILLION ZLOTYS YEAR AGO * ACQUIRED IN H1 LIABILITIES OF TOTAL NOMINAL VALUE OF 608.1 MILLION ZLOTYS VERSUS 537.8 MILLION ZLOTYS YEAR AGO Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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But the average market price is around 20 percent of a loan's nominal value, meaning banks can only sell at a loss.
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It is now trying to buy back those bonds for less than their nominal value of roughly 11 billion euros ($12.2 billion).
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As part of the initiative, Santander said it was planning to issue up to 980 million euros nominal value of perpetual bonds.
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The move in May came after Austria's financial watchdog cut the nominal value of the bulk of the bonds by more than half.
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The bank will stand ready to buy Eurobonds back between May 31 and June 8, paying 110.75 percent of the papers' nominal value.
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Their nominal value equates to nearly a third of ERB's total assets of 4.97 billion crowns ($206.23 million) at the end of June.
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DECEMBER * POSSIBILITY OF DISTRIBUTING DIVIDENDS FROM CAPITAL INVESTMENT RESERVES WITHOUT WITHHOLDING TAX WILL BE REDUCED TO 50% * IN ORDER TO ENABLE SHAREHOLDERS TO CONTINUE TO RECEIVE TAX-FREE DIVIDENDS IN FUTURE, CAPITAL RESERVES ARE TO BE CONVERTED INTO NOMINAL VALUE * EXTRAORDINARY GENERAL MEETING IS TO BE USED TO RESTORE AUTHORIZED CAPITAL THAT EXPIRED AT END OF 2018 IN ORDER TO ALLOW COMPANY CHANCE FOR ANY POSSIBLE FUTURE ACQUISITIONS * AFTER 1 JANUARY 2020, NOMINAL VALUE INCREASE WILL AGAIN OFFER POSSIBILITY OF DISTRIBUTING WITHHOLDING TAX-FREE DIVIDENDS TO SHAREHOLDERS IN FORM OF NOMINAL VALUE REPAYMENTS Source text for Eikon: Further company coverage: (Gdansk Newsroom)
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Under the deal, Panalpina shareholders will receive 2.375 DSV shares, with a nominal value of 1 Danish crown per share, for each Panalpina share.
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It also said its board of directors has decided to issue 4,994,019 new registered shares with a nominal value of 1.30 Swiss francs each.
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These bonds currently have a nominal value of $567 million, so the swap will almost halve the burden of the bonds for J. Crew.
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The lender finalised the sale of a portfolio of bad loans with a nominal value of 53.8 million euros deriving from its leasing business.
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The bond will be issued at 100% of its nominal value, will have a coupon of 2% per year and a maturity of Sept.
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The Commission says NPLs must be sold at prices determined by the market, which typically do not exceed 20 percent of the loan's nominal value.
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Deutsche Bank, whose asset arm holds junior bonds with a nominal value of 200 million euros, has not yet made a decision, a spokesman said.
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Trump later explained that he was merely referring to buying back existing debt at a discount if interest rates went higher, lowering the nominal value.
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The province aims to avert insolvency by buying back state-guaranteed bonds for 75 percent of their nominal value with the help of federal loans.
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The very long average maturity of public debt (14.9 years at end-2016 on the nominal value) mitigates risks from sharp adjustments in interest rates.
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A. Ş BASED IN TURKEY REGARDING PURCHASE * UNDER LOI CO TO PAY FOR MONROL 5,000 ZLOTYS (NOMINAL VALUE OF ITS SHARES) AND AMOUNT OF EUR.
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Junior creditors had previously objected that this unfairly gave the senior secureds a greater return than the nominal value of their claims due to them.
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MI) said on Wednesday it had sold a soured loan portfolio with a nominal value of 537 million euros ($625 million) to Banca IFIS (IF.MI).
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The FMA cut the nominal value of Heta's senior bonds by more than half, which positively contributed to the result with 7.15 billion euros, Heta said.
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The bonus shares will be issued at the nominal value of five pounds per share for existing shareholders, said Waleed Mohamed Zaki, head of investor relations.
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Italy is negotiating with Brussels over a disposal price for the loans equivalent to between 20 and 30 percent of their nominal value, the source said.
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The top two global energy exchanges, ICE and CME, traded a billion lots of oil derivatives in 2018 with a nominal value of about $5 trillion.
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First, Mueller cites uncertainty about whether the promised information about Clinton qualifies as a "thing of value" -- even though the law only requires some "nominal" value.
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The stock market values the bank at less than half of the nominal value of its assets, an indication that investors believe there are hidden risks.
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It said the bank's Tier 1 bonds, which are mostly held by professional investors, would be converted into shares at 75 percent of their nominal value.
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The ministry has already asked one of its companies - Poland's biggest power producer, PGE - to increase the nominal value of its shares, by 5.6 billion zlotys.
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Dec, 6 (Reuters) - LORDOS HOTELS HOLDINGS PUBLIC LTD : * TO PAY INTERIM DIVIDEND OF EUR 0.01 PER SHARE (2.94 PCT OF THE NOMINAL VALUE OF THE SHARE).
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The province, home to more than 500,000 people, guaranteed the bonds of Hypo Alpe Adria bank with a nominal value of 11 billion euros ($12 billion).
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Holders of the Fresh instrument would be offered a much lower price, with one estimate pointing to 25-30 percent of nominal value, the source said.
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The energy ministry plans to increase the nominal value of state-run energy companies, obliging the businesses to pay more tax, the Dziennik Gazeta Prawna daily reported.
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With a nominal value of $156 for the proposed bundled Apple services, buyers of the $1,000 iPhone wouldn't be paying all that money just for a device.
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And while rare earths account for a small fraction of the $420 billion U.S. goods deficit with China, their worth to American firms outpaces their nominal value.
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Italy's biggest bank UniCredit said on Wednesday it had sold a soured loan portfolio with a nominal value of 2225 million euros ($2100 million) to Banca IFIS.
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In the case of a genome, let's say, you might want to monetize its nominal value, but you don't want it to fall into just anyone's hands.
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The company's capital is currently 3.6 billion Egyptian pounds ($204 million) and is distributed over 708.4 million shares at a nominal value of five pounds per share.
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It is now seeking to buy back bonds of Heta Asset Resolution, the wind-down vehicle for Hypo, with a nominal value of 11 billion euros ($12 billion).
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Under a new offer the repayment rate for senior bond holders is seen at 90 percent of nominal value - around 8 percentage points more than the previous offer.
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The nominal value of commodity exports are expected to drop to A$271.7 billion in the 2019/20 fiscal year and to A$256.1 billion by 2023/24.
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While this is unusual, it is allowed by Polish law and obliges the utilities to pay flat-rate income tax of 19 percent on the increased nominal value.
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The bank is planning to offer to convert around 210 million euros in subordinated debt into senior debt with a lower nominal value, Il Sole 2300 Ore reported.
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Asset management companies set up in Spain and Ireland during the 2008-2012 financial crisis bought bad loans from banks at around 50 percent of their nominal value.
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A government source told Reuters that raising the nominal value at the state-run firms will take place on a larger scale next year, given the government's spending needs.
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The company's board announced last week a decision to reduce the share capital of the company by halving the nominal value of the company to 216 riyal per share.
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This is a cash flow and operating environment risk for Tauron and other Polish state-controlled utilities as the government contemplates an increase of the nominal value of their shares.
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Not only will the asset have declined in real value, but the investor will face a tax on this phantom "growth" in nominal value when it comes time to sell.
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RECEIVED 50 NOTES WITH NOMINAL VALUE OF EUR 10,000 EACH AND 75,187 WARRANTS ATTACHED * WARRANTS EXERCISE PRICE IS EUR 6.65 EACH Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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Creditors faced the choice of certain payment of three-quarters of the senior bonds' nominal value within days or a long legal battle in the hope of being repaid in full.
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Some 20 issues of Bulgarian treasury bonds with a total nominal value of 5.5 billion levs ($3.27 billion) are now offered for trading, said Vassil Golemanski, chief executive of the exchange.
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Last year FMS, which holds Hypo senior bonds with a nominal value of 295 million euros, sued "bad bank" Heta Asset Resolution as Hypo's wind-down vehicle, seeking repayment in full.
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ACGM says its preliminary plan would offer a 60 percent haircut on the nominal value of unsecured debt and shorter repayment schedules for secured creditors such as Brazil's BNDES development bank.
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No haircut of the nominal value of the debt is on the table, but ministers said they were open to consider maturities and the timing for the repayment of the loans.
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The real estate investment trust has placed a corporate bond with a nominal value of 400 million euros to refinance its debt maturities in 2020 and 2021, it said on Thursday.
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Atlante II, which is dedicated to buying soured debts, is set to pay 713 million euros initially for the portfolio or 32 percent of its nominal value, it said in a note.
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Announcing the swap on Wednesday, the ministry said it would swap the 2018 paper at up to 107.8 percent of its nominal value and the 2030 Eurobond at up to 117.5 percent.
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The eligible papers are 26 bonds issued in 21 in a voluntary scheme under which private bondholders took a 20.8471 percent haircut - or value reduction - on the nominal value of their holdings.
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WA: * DECIDES TO ISSUE SERIES C3 BONDS OF TOTAL NOMINAL VALUE OF UP TO 50 MILLION ZLOTYS AND ISSUE PRICE 1,000 ZLOTYS/BOND Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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Italian lenders price bad loans at 41 percent of their nominal value on average, but the quality of the credit varies and few could afford a capital rise on the scale of UniCredit's.
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The new asset would have a senior, more secure tranche, corresponding to 70 percent of the nominal value of the issuance, with the rest being allocated to one or more subordinated, riskier tranches.
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Inflows were 4.59 billion euros, representing changes in credit institutions' foreign currency-denominated required reserves and inflows into finance ministry's accounts from an Eurobond issue with a nominal value of 3 billion euros.
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Carinthia, the southern province home to more than 500,000 people, aims to avert insolvency by buying back state-guaranteed bonds for 75 percent of their nominal value with the help of federal loans.
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He said the nominal value of the bond debt, about 32 billion reais, would be reduced by 70 percent while debt notes representing about 10 billion reais would be converted into Oi equity.
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The southern province is trying to buy back those bonds at a discount to their nominal value of 10.8 billion euros ($11.9 billion), a total that dwarfs its annual budget of 2.2 billion.
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In merger documents, BP had placed only a "nominal" value on the potential reserves in the refuge, and Mr. Silverman and other lawyers suspected that Standard Oil's shareholders were about to be cheated.
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INVESTMENT FUND * ISSUANCE FOR A FIRST NOTES TRANCHE FOR 1 MILLION EUROS OF NOMINAL VALUE * ISSUANCE OF THE FIRST TRANCHE OF 100 NOTES WITH 267 379 WARRANTS IN CO'S NAME Source text : bit.
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General government debt reached 56% of GDP at FY17 (measured by the nominal value of debt), a level comparable to 'B' rated peers; however, debt servicing costs consume an outsized portion of Kenya's revenue.
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At 76323 March 76313, a total of 76303,212016,2131 Class B preferred shares, 210,2130 Class A preferred shares and 337,218800 common shares with a nominal value of €211 per share were issued and paid up.
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Faced with liabilities it will be unable to meet in full, Carinthia hopes to avoid insolvency by buying back those bonds at a discount to their nominal value of 11 billion euros ($12.2 billion).
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The bank said it planned to issue new shares with a nominal value of 1 dirhams for a subscription price per share at no less than 10 percent discount to the prevailing market price.
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Austrian Finance Minister Hans Joerg Schelling offered creditors additional returns through a specially issued government bond, which analysts say adds about 7 percentage points to the offer of 75 percent of senior bonds' nominal value.
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Intrum spent about 62 million euros ($13 million) on the portfolio from Erste Bank Hungary, while APS has said the nominal value of the distressed mortgages acquired from UniCredit Hungary was nearly 139 million euros.
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The bank is negotiating the sale of its bad loans at a value equal to 27-28 percent of its nominal value, but aims to reach 30 percent setting a benchmark for the system, MF said.
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A spokeswoman confirmed shortly after the Friday deadline that the umbrella group's members had turned down the offer of 75 percent of the senior bonds' nominal value, plus a late sweetener added by Austria's finance minister.
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Apollo is offering to buy Carige's bad loans at 20 percent of their nominal value, according to a source close to the matter, a price that would entail a 700 million euro hit for the bank.
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A source close to the Piraeus Bank deal said the portfolio of shipping loans, called Nemo, was made up of non-performing and performing loans with a nominal value of 500 million to 600 million euros.
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Negative rates might work, Mr Goodhart says, if governments announced outright that their aim was to reduce the nominal value of retail savings; this would give commercial banks the cover to introduce negative rates on deposits.
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Defacto, which has presence in 22 countries with more than 450 stores, said its IPO will see 68.5 million lira nominal value shares on the Istanbul stock exchange if the over allotment option is fully exercised.
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Italian banks sold non-performing loans with a nominal value of 18.8bn last year, according to KPMG data, although this mainly consisted of unsecured retail debt rather than the secured portfolios most NPL investors are eyeing.
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Fair Value of Debt: Fitch has not included the EUR101 million derivative instruments accounted by Carrefour as liabilities but adjusted debt upward by EUR67 million to reflect the bonds' nominal value to be repaid at maturity.
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The sale is valued at about 58% of the total gross book value of the portfolio, the bank said, based on the nominal value of the senior notes and the sale price of the mezzanine tranche.
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Italian banks hold some 80 billion euros in UTPs, which they price on average at 61% of nominal value - well above a net book value of 35% for banks' remaining 100 billion euros in insolvent loans.
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The financial watchdog cut the nominal value of the bulk of bonds by more than half, making Heta a test case for new European rules aimed at ensuring that a failed bank's losses are shared with creditors.
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Eurobank launched Greece's first major sale of bad debts this month, shifting loans with a face value of 1.5 billion euros to Sweden's Intrum, which paid 45 million euros or just 3 percent of the nominal value.
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Despite repeatedly telling creditors that an offer to buy back the bonds at a 75 percent of their nominal value was non-negotiable, Austrian Finance Minister Hans Joerg Schelling put a sweetener on the table on Tuesday.
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THUS, EXISTING SHAREHOLDERS CAN SUBSCRIBE FOR UP TO 520,468 SHARES * THE SUBSCRIPTION PRICE PER SHARE IS SET AT 1.02 EURO (1 EURO NOMINAL VALUE PLUS 0.02 EURO PREMIUM) Source text for Eikon: Further company coverage: Gdansk Newsroom
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NOMINAL VALUE OF EACH BOND WILL BE US$200,000 * CARREFOUR INTENDS TO APPLY FOR BONDS TO BE ADMITTED TO TRADING ON OPEN MARKET (MARCHÉ LIBRE) SEGMENT OF EURONEXT PARIS Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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The statement from the central bank on Monday said that ERB had acquired bonds from a single Austrian issuer with a nominal value of 60 million euros ($65 million) "under entirely non-standard conditions" far exceeding allowed limits.
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MOSCOW, May 5 (Reuters) - Russia's indebted coal and steel producer Mechel said on Thursday it planned to restructure 17, 18 and 19 series of its rouble bonds with a total nominal value of 15 billion roubles ($229 million).
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At 31 March 2016, a total of 20163,149,884 Class C preferred shares, 3,76393,76383 Class B preferred shares, 76373,76363 Class A preferred shares and 76353,76343 common shares with a nominal value of €76333 per share were issued and paid up.
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On Thursday, Fortress, Cerberus, Lindorff and a consortium comprising Mediobanca and Algebris will present offers to buy a portfolio of non-performing loans with a nominal value of 2100 billion euros put on the block by UniCredit, MF reported.
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Fibank, which has already secured 130 million euros ($13 million) in additional capital, said it had also privately placed a 30 million euro bond and offloaded bad loans with a nominal value of about 538 million levs ($304.8 million).
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Under a decree approved in December junior bondholders will be able to swap their holdings, valued at 100 percent of their nominal value, with shares in the bank which will then be swapped into Monte dei Paschi's ordinary bonds.
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That price - little more than a tenth of the loans' gross nominal value - sets a tough market precedent for other banks looking to offload their own piles of non-performing loans without incurring losses that could dangerously deplete their capital.
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The province had offered to buy back Heta bonds with a nominal value of 10.8 billion euros ($12 billion) at a discount, saying it would face insolvency if it was forced to pay the full amount, but creditors rejected the proposal.
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The changes proposed by Consob would avoid that a bondholder who bought a Monte dei Paschi junior bond on the secondary market below par could net a profit by exchanging it for shares at 100 percent of its nominal value.
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The province of Carinthia, which guaranteed the bonds of local lender Hypo Alpe Adria before it collapsed and Heta was formed to wind it down, is trying to buy back those bonds at a discount to their nominal value of 10.8 billion euros.
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MILAN, Jan 24 (Reuters) - Italian mid-tier lender Banca Carige aims to sell a first tranche of bad loans with a total nominal value of 1 billion euros by the end of February, a source close to the matter told Reuters on Tuesday.
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Agents' fees were once so lucrative that some offered to pay more than 100 percent of nominal value for hard-to-recover small debts, according to Daniel Hule of People in Need, a human rights group that focuses domestically on social exclusion.
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As part of its efforts to address bad loans, Banco BPM said on Tuesday it had sold the riskier notes in its 5 billion euro securitisation to Christofferson Robb & Company at a price of 34.3 percent of the underlying loans' nominal value.
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Edenred, which helps firms manage staff expenses and is best know for its "Ticket Restaurant" vouchers, said its comparable issue volume, an indicator of the nominal value of the vouchers issued, rose 10 percent in 13 to 19.81 billion euros ($20.9 billion).
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The group said it would not cancel a lock-up agreement which binds all its members to reject any buyback offer for less than the nominal value of the bonds which amounts to around 11 billion euros that are still guaranteed by Carinthia.
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The latest move comes a month after Austria's financial watchdog cut the nominal value of the bulk of bonds by more than half, making Heta a test case for new European rules aimed at ensuring a failed bank's losses are shared with creditors.
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Apparently running out of options, Schelling said there would be no second sweetener and called on the umbrella group to end its "lock-up" agreement under which creditors have pledged only to accept offers for the full nominal value of their bonds.
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The province had offered to buy back Heta bonds with a nominal value of 10.8 billion euros ($12 billion) at a discount, saying it would face insolvency if it was forced to pay the full amount, but creditors rejected the proposed deal.
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The lender plans to finalise by the end of next week the sale of 2300 million euros of bad loans at 2225 percent of their nominal value through a securitisation scheme that will tap a state guarantee scheme, Il Sole 2100 Ore reported.
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ROME, Jan 19 (Reuters) - Retail investors in junior bonds issued by Banca Monte dei Paschi di Siena should be reimbursed based on how much they paid for the bonds, not the nominal value of that debt, Italy's market regulator said on Thursday.
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VIENNA, March 2 (Reuters) - Whether enough of Heta Asset Resolution's creditors will accept an offer to buy back their bonds for less than their nominal value is hard to say, an Austrian Finance Ministry official said on Wednesday, adding that it would be close.
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The sources said the company had also held talks with the Emirates Securities Authority about issuing mandatory convertible bonds, but any such issue could prove tricky because the company's share price was below the 1 dirham par value, their nominal value for accounting purposes.
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It had previously issued a profit warning for the half year, saying it expected to write down four loans with a nominal value of HK$6.2 billion, and take a loss, after tax, on the loans of between HK$2.5 billion and HK$3 billion.
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There is no discussion of a reduction of the nominal value of the debt, but Greece might get back the profits made by euro zone central banks on their portfolios of Greek bonds and see maturities and grace periods on euro zone loans extended.
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Company corrected its own statement.) April 13 (Reuters) - Columbus Energy SA: * Reported that it allotted 4,335 series B bonds of the total nominal value of 4.3 million zlotys ($1.08 million) to 157 investors Source text for Eikon: Further company coverage: ($1 = 3.9926 zlotys) (Gdynia Newsroom)
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The portfolio's price of 28.7 percent of nominal value is higher than the 21 percent at which bailed-out lender Monte dei Paschi is selling its bad debts to a state-sponsored, privately funded banking rescue fund as part of a 24 billion euro deal.
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Com Bhd * Digitel, has issued the first series of IMTN amounting to 900.0 million RGT in nominal value pursuant to the imtn programme * First series IMTN is not expected to have any material effect on consolidated earnings, EPS and net assets per share of digi.
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Specifies number of shares issued.) Dec 1(Reuters) - Safe Orthopaedics SA: * ISSUES 8.7 MILLION SHARES AT A PRICE EUR 0.66/SHARE; RAISES EUR 5.8 MILLION * SHARE CAPITAL AFTER INCREASE IS 2,389,967.7 EUROS COMPRISED OF 23,899,677 SHARES OF NOMINAL VALUE 0.10 EURO PER SHARE Source text: bit.
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Folksam said in a statement it had bought preference shares, which would be converted to common stock if the carmaker were to go public, for a nominal 750 million Swedish crowns ($84 million), raising the nominal value of its total stake to 1.75 billion Swedish crowns.
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While there is no discussion of a reduction of the nominal value of the Greek debt, Greece might also receive back the profits made by euro zone national central banks on their portfolios of Greek bonds and see maturities and grace periods on euro zone loans extended.
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MILANO, May 8 (Reuters) - Italy's third largest lender Banco Bpm said on Wednesday bad loans as a proportion of total loans would fall to 9.9 percent after it struck a deal to sell a leasing soured debts portfolio with a nominal value of about 650 million euros.
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Making use of a state guarantee scheme which helps banks sell bad debts at higher prices, Banco BPM offloaded the 5 billion euros in bad loans via the securitization at 34.3 percent of their nominal value, a much higher price than a market average of around 20 percent.
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In March, Schelling had suggested creditors who accept the offer, in which Heta bonds would be bought back for 75 percent of their nominal value, could reinvest the proceeds in an Austrian government zero coupon bond with a maturity of 18 years, granting creditors roughly 82 percent repayment.
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While there has been no discussion of a reduction of the nominal value of the Greek debt, Greece might also receive back the profits made by euro zone national central banks on their portfolios of Greek bonds and see maturities and grace periods on euro zone loans extended.
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"Although the nominal value of the contract for 118 Airbus planes had been announced at $25 billion, the A380 planes have been dropped from this contract, so the value of our Airbus contract will not be more than $10 billion," said Farhad Parvaresh, quoted by the state news agency IRNA.
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The initiative, which was put forward by opposition legislators from mining areas and does not have government backing, proposes a 20183 percent tax on the nominal value of extracted metals and would apply to copper miners producing more than 12,000 tonnes of copper a year and 50,000 tonnes of lithium.
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"We're currently looking at five to six portfolios, with an overall (nominal) value of 4 billion euros," Alessandro Scorsone, head of strategic transactions at KRUK Italia, told Reuters after Tuesday's deal to buy about 50,000 impaired consumer loans from household credit provider Findomestic, part of French banking group BNP Paribas.
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Rescue fund Atlante 210 has formed a consortium of seven banks, including Banca IMI and Natixis, which will subscribe the securitisation of the senior tranche of non-performing loans of savings banks Cesena, Rimini and San Miniato for a nominal value of 210 million euros, Il Sole 2300 Ore said.
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At the behest of shareholder Nelson Tanure, the board is offering deals to state banks Caixa Economica Federal and Banco do Brasil SA in which their debts would be repaid at their full nominal value but over a longer period of time, said the sources, who requested anonymity due to the sensitivity of the issue.
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The Italian bank could sell 3 billion euros of "unlikely-to-pay" loans to the bad loan recovery specialist Prelios at a price close to 300% of the nominal value, as part of a bigger deal which involves 10 billion euros of UTP loans, MF wrote on Tuesday, adding that the deal was expected to close shortly.
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DEAL CONCERNING PURCHASE OF 114 SP. Z O.O AND ELISSEA INVESTMENTS SP. Z O.O. (PROJECT COMPANIES) * BUYER AGREED TO ACQUIRE BONDS FOR 18.0 MILLION EUROS FROM COMPANY'S UNIT ISSUED UNDER PRIVATE PLACEMENT * NOMINAL VALUE OF BONDS IS TO BE, AMONG OTHERS, OFFSET IN PURCHASE PRICE OF PROJECT COMPANIES * INITIAL SALE PRICE FOR PROJECT COMPANIES WAS SET AT 18.0 MILLION EUROS * COMPANY, GRIFFIN PREMIUM AND GPRE MANAGEMENT SP. Z O.O. (GRIFFIN PREMIUM UNIT), SIGNED ALSO ANNEX TO DEAL CONCERNING INVESTMENT OF 25 PCT OF CAPITAL ALREADY INVESTED, AND FUTURE CAPITAL REQUIRED TO COMPLETE CONSTRUCTION AND TO FINALISE OFFICE PROJECTS IN WARSAW ('BEETHOVEN' AND 'BROWARY WARSZAWSKIE') * GPRE MANAGEMENT AGREED TO ACQUIRE BONDS OF SEVERAL SERIES WITH TOTAL NOMINAL VALUE AND ISSUE PRICE OF 6.4 MILLION EUROS Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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Considering the priority of payments on enforcement, the note holders would rank second after senior secured bank debt lenders and in a potential distress scenario would achieve a recovery of 52% of nominal value, resulting in an expected instrument rating of 'B+'(EXP)/RR3/52%, leading to a one-notch uplift from the IDR, as with the currently outstanding senior notes.
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On March 16, 7816, Nabriva Therapeutics entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., as agent, pursuant to which Nabriva Therapeutics may offer and sell its ordinary shares, nominal value $0.01 per share, for aggregate gross sale proceeds of up to $50,000,000 from time to time through Cantor Fitzgerald under an "at-the-market" (ATM) offering program.
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INITIAL CONVERSION RATIO IS 1 : 1 * TO USE EXPECTED PROCEEDS OF ABOUT EUR 15 MILLION TO FUND CLINICAL STUDIES FOR LABEL EXPANSION OF AMELUZ, FURTHER FINANCE SALES AND MARKETING OF AMELUZ IN USA * SUBSCRIPTION PRICE TO BE BASED ON RATIO OF PRICE OF CO'S SHARES TO NOMINAL VALUE OF CONVERTIBLE BONDS Source text for Eikon: Further company coverage: (Gdansk Newsroom)
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DoValue, Credito Fondiario, Dea Capital Alternative Funds, Prelios, Intrum and other foreign institutional investors expressed interest in a 1 billion euro portfolio of unlikely-to-pay loans of the Italian lender, Il Messaggero wrote on Tuesday, adding that doValue and Dea are the front-runners and the price is seen at 3003-40% of the nominal value of the portfolio.
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August 10 (Reuters) - Medicrea International SA : * Announced on Tuesday it raised 20 million euros ($22.30 million) * Athyrium Capital Management subscribed to convertible bonds for 15 million euros * Bonds have a nominal value of 6.25 euros, * Bond maturity is 4 yrs * Bonds carry an interest rate of 6.75 pct, payable quarterly * 5 million euros is additionally raised through a private placement of shares * Funds to be used for the commercial development of UNiD for spinal surgery Source text for Eikon: Further company coverage: ($1 = 0.8969 euros) (Gdynia Newsroom)
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XXX (Reuters) - MARFIN INVESTMENT GROUP HOLDINGS SA : * PROPOSES THE ISSUANCE OF A NEW CONVERTIBLE BOND LOAN IN AMOUNT OF 460.3 MILLION EURO * ISSUES UP TO 1.5 BLN BONDS OF A NOMINAL VALUE OF THIRTY CENTS EUR 0.30 EACH FOR THE PURPOSE OF REPAYING THE COMPANY'S BORROWING OBLIGATIONS * THE TERM OF THE CBL SHALL BE FOUR YEARS AND WILL INVOLVE AN EARLY REPAYMENT RIGHT OF THE COMPANY ON EACH MONTHLY ANNIVERSARY * THE CBL INTEREST-RATE SHALL BE 12-MONTH EURIBOR PLUS 4 PCT SPREAD, WITH THE OPTION TO RECAPITALISE PART OF AN INTEREST DUE Source text: bit.
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PLEASE REFER TO ANNOUNCEMENT NO. 741 OF 1 APRIL 2019 * PENDING APPROVAL AT AN EXTRAORDINARY GENERAL MEETING, DSV A/S WILL CHANGE ITS REGISTERED NAME TO 'DSV PANALPINA A/S' * PURSUANT TO PUBLIC EXCHANGE OFFER, PANALPINA SHAREHOLDERS TODAY RECEIVE 2.375 DSV SHARES (WITH A NOMINAL VALUE OF DKK 1 PER SHARE) FOR EACH PANALPINA SHARE * AFTER SETTLEMENT, DSV INTENDS TO HAVE PANALPINA SUBMIT AN APPLICATION FOR DELISTING OF PANALPINA SHARES AND DSV WILL INITIATE A COURT PROCEDURE TO CANCEL REMAINING 1.54% PANALPINA SHARES IN ACCORDANCE WITH ARTICLE 137 FMIA * DSV FURTHER INTENDS TO HAVE PANALPINA FILE A CUSTOMARY REQUEST TO BE RELEASED FROM SIX EXCHANGE REGULATION'S PUBLICITY REQUIREMENTS * ANNOUNCED BOARD CHANGES IN PANALPINA WILL COME INTO EFFECT WITH KURT KOKHAUGE LARSEN AS CHAIRMAN AND JENS BJØRN ANDERSEN, JENS H. LUND AND THOMAS STIG PLENBORG AS MEMBERS OF PANALPINA BOARD AND GIVING DSV FULL CONTROL OVER PANALPINA * DSV INTENDS TO HAVE PANALPINA APPOINT JENS BJØRN ANDERSEN AND JENS H. LUND AS CEO AND CFO, RESPECTIVELY, OF PANALPINA Source text for Eikon: Further company coverage: (Berlin Speed Desk)
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