first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Wednesday 6 April 2011 8:00 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share Q. How is Commerzbank arranging this?A. It is converting €2.75bn of the ‘silent participation’ non-voting stock held by the German government into ordinary shares, and asking investors to buy €8.25bn of new shares in different forms. Q. How will it be structured?A. The bank will offer investors conditional mandatory convertible notes (CoMEN), a form of debt that can be converted to equity. It aims to raise €3.5bn-€4.5bn this way, with the intention to convert the notes to shares following a shareholder vote at the annual general meeting on 6 May. The notes will be priced on 13 April. It aims to raise €2.6bn-€3.4bn of this from the market – and €0.9bn-€1.1bn by converting silent participations to CoMEN, which will then be converted to shares. The second step will be a rights issue after the annual meeting to raise €6.5bn-€7.5bn, with €1.6bn-€1.9bn raised by converting silent participations and €4.9bn-€5.6bn via the market. Commerzbank is one of the first of the large European banks to tap capital markets prior to Basel III in 2013. center_img whatsapp WHAT THE PAYBACK PLAN MEANS Tags: NULL whatsapp KCS-content last_img

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