Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Cyprus Popular Securities Repurchase Boosts Core Tier 1 Capital

By Stelios Orphanides - 2012-06-11T15:24:44Z

Cyprus Popular Bank Pcl (CPB), the eastern Mediterranean island’s second biggest lender, boosted core Tier 1 capital by 115 million euros ($144 million) through the buyback of securities.

Of 450 million euros of floating rate lower tier 2 securities maturing in 2016, 76 percent were tendered after the bank offered to repurchase them, the Nicosia-based lender said in an e-mailed statement today. The move is part of a capital enhancing plan submitted to the Cyprus Central Bank on Jan. 20.

Cyprus Popular is preparing a 1.8 billion-euro rights offer, fully underwritten by the Cypriot government. The lender said its core Tier 1 capital ratio, a measure of financial strength, will reach 9.2 percent once it completes the capital raising plan.

To contact the reporter on this story: Stelios Orphanides in Nicosia at sorphanides@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net

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