Deals
Commerzbank Offers to Buy Back Hybrid Capital Instruments
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Commerzbank AG, Germany’s second-biggest lender, offered to repurchase 600 million euros ($806 million) of hybrid instruments as it boosts capital to meet new requirements for banks in Europe.
Offers will be accepted on a pro-rata basis should they exceed that amount, according to the Frankfurt-based bank. The cash offer covering about 2.23 billion euros of hybrid debt securities starts today and is due to end on Dec. 13, it said.