Donnet said that the firm was not looking to increase its holdings in Italian banks after becoming the second biggest shareholder in bailed out lender, Monte dei Paschi di Siena, through a
debt-to-equity swap.
9 trillion won
debt-to-equity swap and a 900 billion won debt rescheduling.
2 December 2011 - Portugal's Banco Espirito Santo (ELI:BES) has lifted its core tier 1 capital ratio to 9% through a
debt-to-equity swap, thus meeting the requirements of the rescue team for the country's banking system.
86% stake in Slovenian battery manufacturer Akubat for an undisclosed sum, in a
debt-to-equity swap deal that makes it the largest shareholder in the firm.
Earlier Wednesday, GM said it has failed to secure the consent of enough holders of GM bonds for its
debt-to-equity swap plan.
Lenders took the reins of South Korea's fourth-largest vehicle maker last year through a pounds 561 million
debt-to-equity swap that rescued it from collapse.
Commercial banks were also asked to agree to a
debt-to-equity swap on 80 percent, or 560 billion won, of the unsecured loans and payment rescheduling of the remaining 20 percent.
Chinese state-owned banks have started to establish their own asset management arms to conduct
debt-to-equity swap business for their peers.
9m)
debt-to-equity swap of MKB Romexterra's arrears to its controlling shareholder, Hungary-based bank MKB.
The creditors of Brazilian lender, Banco Cruzeiro do Sul SA, are seeking
debt-to-equity swap to recover their loans faster.
The firm's creditors, led by the KDB, have been seeking to lower the debt levels through a
debt-to-equity swap deal involving the group's flagship subsidiary, Asiana Airlines.
The
debt-to-equity swap will help it lift its Core Tier-one ratio to the required 9 percent this year and 10 percent in 2012, BES said, adding that the bank will also seek shareholder approval to increase its share capital to EUR7.
