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rabobank appointed to oversee belfius bank bond stabilization efforts
Rabobank has been appointed to manage the bond stabilization for Belfius Bank. This strategic move aims to enhance the bank's financial stability and market confidence. Further details on the implications of this management transition are yet to be disclosed.
belfius bank targets 500 million euro at1 bond in market turnaround
Belfius Bank SA is seeking to raise €500 million ($541 million) in Additional Tier 1 capital to repay a well-performing bond. The new bond, callable after seven years, is expected to have an initial coupon around 6.5%, which may decrease with strong demand. Additionally, the bank plans to buy back an old AT1 before its first call date next year.
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