Robobank's 2 offers appeal to the cautious
Article Abstract:
Robobank Group's two issues targeted cautious investors. In an offering jointly led by Paribas and Societe Generale, the Dutch banking group offered 500 million euros of seven-year bonds to yield 14 basis points over the interpolated benchmark Obligation Assimilable du Tresor. Robobank also offered 700 million Swiss francs ($463.5 million) of 10-year notes that pay a coupon of 3.5% through joint leaders Deutsche Bank and Credit Suisse First Boston. Aside from its little exposure to Russia, Robobank benefited from its triple-A ratings.
Comment:
Its issues of 500 mil euros of 7-year bonds & 700 mil Swiss francs ($463.5 mil) of 10-year notes target cautious investors
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Top Estonian banks
Article Abstract:
The table lists the eleven largest banks in Estonia based on total capital by the end of 1997. Estonian Savings Bank is ranked the largest bank in Estonia with capital of 1,199,832 Estonian kroons as of year-end 1997, followed by Hansabank with 1,151,100 Estonian kroons. Union Bank of Estonia is ranked the third-largest bank in the country with capital of 674,110 Estonian kroons. The table, compiled by PriceWaterhouseCoopers Estonia, also lists the assets and loans in 1997, the net profit in 1997 and the return on assets.
Comment:
Ranks the third-largest bank in Estonia with capital of 674,110 Estonian kroons as of year-end 1997
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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AmerBank issue is oversubscribed
Article Abstract:
Poland-based AmerBank's issue of two million shares was oversubscribed. The small bank specializing in foreign exchange transactions for corporate clients received 97 applications for 10.53 million shares. The issue will raise the bank's capital by 35%. Among those who want to increase their stakes in AmerBank include Denmark's Den Sanske Bank AS, Germany's Bayerische Landesbank-Girozentrale and Frankfurt, Germany-based Deutsche Genossenschaftsbank.
Comment:
Its issue of 2 mil shares is oversubscribed
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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