VIENNA, Sept 9 (Reuters) - Investors in Greek government debt will tell regulators on Friday whether and how they will participate in a bond swap, with officials expecting a take-up of about 70 percent. (
news)
Here is what major Austrian banks and insurers are saying about their plans for contributing to the private-sector initiative that aims to help Greece address its sovereign debt crisis: NAME TAKE PART AMOUNT STILL LEFT OPTION
MLN EUR MLN EUR
BANK AUSTRIA YES 100 * 379 1
ERSTE GROUP YES N.A. 50
HYPO ALPE ADRIA NO
KA FINANZ NO 818
KOMMUNALKREDIT YES 31 80 ** 1 OR 2
RAIFFEISEN INTL NO 0
UNIQA YES 81 160 ** 1
VIENNA INSURANCE YES 39 33 1
VOLKSBANKEN YES N.A N.A. 1
Notes: * = after tax, 130 million before tax
** = maturities beyond 2020
Option 1 is for debt to be converted into 30-year bonds
Option 2 is for a committed financing facility
Austria's finance ministry said it saw no reason for nationalised banks Hypo Alpe Adria and KA Finanz -- the "bad bank" for Kommunalkredit -- to take part in the programme as they were no longer in the private sector but that it was up to the companies' management to decide this.IENNA, Sept 9 (Reuters) - Investors in Greek government debt will tell regulators on Friday whether and how they will participate in a bond swap, with officials expecting a take-up of about 70 percent. (
news)
Here is what major Austrian banks and insurers are saying about their plans for contributing to the private-sector initiative that aims to help Greece address its sovereign debt crisis: NAME TAKE PART AMOUNT STILL LEFT OPTION
MLN EUR MLN EUR
BANK AUSTRIA YES 100 * 379 1
ERSTE GROUP YES N.A. 50
HYPO ALPE ADRIA NO
KA FINANZ NO 818
KOMMUNALKREDIT YES 31 80 ** 1 OR 2
RAIFFEISEN INTL NO 0
UNIQA YES 81 160 ** 1
VIENNA INSURANCE YES 39 33 1
VOLKSBANKEN YES N.A N.A. 1
Notes: * = after tax, 130 million before tax
** = maturities beyond 2020
Option 1 is for debt to be converted into 30-year bonds
Option 2 is for a committed financing facility
Austria's finance ministry said it saw no reason for nationalised banks Hypo Alpe Adria and KA Finanz -- the "bad bank" for Kommunalkredit -- to take part in the programme as they were no longer in the private sector but that it was up to the companies' management to decide this.IENNA, Sept 9 (Reuters) - Investors in Greek government debt will tell regulators on Friday whether and how they will participate in a bond swap, with officials expecting a take-up of about 70 percent. (
news)
Here is what major Austrian banks and insurers are saying about their plans for contributing to the private-sector initiative that aims to help Greece address its sovereign debt crisis: NAME TAKE PART AMOUNT STILL LEFT OPTION
MLN EUR MLN EUR
BANK AUSTRIA YES 100 * 379 1
ERSTE GROUP YES N.A. 50
HYPO ALPE ADRIA NO
KA FINANZ NO 818
KOMMUNALKREDIT YES 31 80 ** 1 OR 2
RAIFFEISEN INTL NO 0
UNIQA YES 81 160 ** 1
VIENNA INSURANCE YES 39 33 1
VOLKSBANKEN YES N.A N.A. 1
Notes: * = after tax, 130 million before tax
** = maturities beyond 2020
Option 1 is for debt to be converted into 30-year bonds
Option 2 is for a committed financing facility
Austria's finance ministry said it saw no reason for nationalised banks Hypo Alpe Adria and KA Finanz -- the "bad bank" for Kommunalkredit -- to take part in the programme as they were no longer in the private sector but that it was up to the companies' management to decide this.