Wednesday, May 14, 2008

Treasury mulls issue of bonds convertible into Pekao SA, TPSA’s shares.

Email a Friend

All fields are compulsory

Your name:
Your email:

To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Email yourself a copy?
Comments:

Add Your Comment

All comments are subject to editorial review.
All fields are compulsory

Your name:
Your email:
(will not appear)

You may email your comment to a friend
To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Publish your name?
Receive email notification of new comments posted by other users?
Email yourself a copy?

Comments:

I have read and agree to the Terms and Conditions

Treasury mulls issue of bonds convertible into Pekao SA, TPSA’s shares. The treasury ministry is in talks with the finance ministry on the prospects of issuing T-bonds convertible into shares of Bank Pekao SA and the telecom incumbent TP SA, deputy treasury minister Joanna Schmidt said. She added that the ministry would like the proceeds from the issues to be treated as privatisation revenues. Such a solution - seen as an alternative to selling the residual stakes in these companies to their strategic investors, UniCredit Italiano and France Telecom, respectively - will ensure more funds for the state budget, notwithstanding market sentiments or investors’ price expectations, Schmidt explained. The treasury still holds residual stakes of 3.96% in Pekao SA and 3.87% in TP SA and has been in talks with their respective investors for some time. The 2008-2011 privatisation programme passed by the government in April, stipulates for the sale of residual stakes in Polish banks, including Pekao SA in late 2008 or early 2009. tom

Country risk 2008:

Agriculture:

Treasury mulls issue of bonds convertible into Pekao SA, TPSA’s shares.

Email a Friend

Add Your Comment

Other ISI central and eastern europe stories

Dubai looking to life after the bubble

Investment banking: How to make money in 2009

Careers in hedge funds: Job market alive and kicking

Zurich Targets U.S. Owners For Insurance Expansion

Property hedge funds outperform

Pakistan's richest man in his first foreign interview: Mian Mansha, Nishat group

Pension funds: Widening the short-selling blame game

Islamic finance debate: Participants

SEC not alone in ignoring warnings: The Madoff collapse shames us all

Investment banking: How to make money in 2009

Are agency brokers the new powers in debt trading?

DCM review: Winners were also losers in 2008

Dubai looking to life after the bubble

Foreign exchange debate - Investing in FX: learning history lessons

Latest Issue