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IN BRIEF: Bank of Cyprus offers to buy back Tier 1 capital securities

Mon, 12th Jun 2023 13:44

Bank of Cyprus Holdings PLC - Nicosia-based lender - Launches cash tender offer for outstanding EUR220 million in fixed rate reset perpetual additional tier 1 capital securities. Offer holders 103% of principal amount for the AT1 capital securities. Separately, Non-Executive Director Dinos Iordanou buys 47,470 Bank of Cyprus shares at average 245.66 pence, worth GBP116,617, on Friday last week.

Current stock price: 256.00p

12-month change: more than doubled from 94p

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

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