The shareholders of TOM have agreed to actively support TOM in finding a new strategic partner that will enable TOM to realise the next step in its development.
The bonds, issued in an amount of €1 billion, are non-callable bullet bonds and will mature in 6 years. They are rated BBB+ by Standard & Poor's, rank pari passu with the previously issued Tier 2 subordinated notes, and pay a 1.875% fixed rate of interest until October 2022.
On Friday, 30th September 2016, African Development Bank (AfDB), rated Aaa (Moody's) / AAA (S&P) / AAA (Fitch), successfully launched and priced its inaugural €750mm 10-year EUR benchmark transaction due 7 October 2026.
As rumors of German state intervention grow, Deutsche Bank AG is struggling to meet its capital and earnings targets, figures from S&P Global Market Intelligence show.
Despite years of official efforts to end the problem of banks that are too big to fail, many of the world's biggest and most systemically important institutions have less capital put aside than smaller lenders — an anomaly causing concern to regulators.