We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Ageas (PK) | USOTC:AGESY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.19 | -0.40% | 47.29 | 46.94 | 47.74 | 47.43 | 47.29 | 47.43 | 2,020 | 21:01:01 |
Belgian insurer Ageas NV (AGN.BT) said Tuesday that a tender offer on some bonds linked to the company's legacy from former financial giant Fortis closed successfully on Monday.
"Ageas is pleased to announce that the tender offer launched by BNP Paribas (BNP.FR) on 26 January 2012 was successfully closed on Monday 30 January 2012," the Brussels-based insurer said in a statement. "The acceptance rate reached more than 50% at an offer price of 47.5%."
In a complex deal, BNP Paribas agreed to launch a cash tender to buy back EUR3 billion in hybrid securities that can be converted into Ageas stock. If at least 50% of the notes are tendered, BNP Paribas will also redeem a EUR1 billion perpetual bond that is 95% held by Ageas.
Ageas is the legal successor to once Belgian financial giant Fortis, which collapsed in 2008 under the weight of buying a part of Dutch bank ABN Amro Holding. The company was broken up and nationalized by the Dutch and Belgian governments.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
1 Year Ageas (PK) Chart |
1 Month Ageas (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions