by the issuance of certificates of participation (Genussrechte) at the end of 2008; and
Furthermore, banks only ever took up subordinate equity instruments such as preference shares or profit participation rights in small volumes.
Furthermore, banks only ever took up subordinate equity instruments such as preference shares or profit participation rights in small volumes.
According to the information provided by Germany, the Genussrechte and the private certificates of participation rank pari passu.
The coupon of the certificates is 8 %.
These preferred shares require a few technical comments.
In order to finance the certificates, Förderungsgesellschaft subscribed two loans with […].
92% of the shares have been submitted for exchange.
The silent participation is junior to both certificates.
92 percent of the shares have been submitted for exchange.
The silent participation and the private certificates participated in the losses in 2009.
As regards perpetual preferred shares and profit participation certificates, a number of specific points should be stressed.
From a regulatory point of view the certificates of participation are Tier-2 capital.
In 2008 and 2009 the Genussrechte participated in the losses in the amount of EUR 57,4 million.
These loans bear a fixed interest of [4-5] % over the lifetime of the certificates of participation.
If the scop failed, the participative securities would be lost.
the United States subscription to the capital stock of the Bank,
Cover losses in accordance with article 397 of the Code of Commercial Companies
Requêtes fréquentes français :1-200, -1k, -2k, -3k, -4k, -5k, -7k, -10k, -20k, -40k, -100k, -200k, -500k, -1000k,
Requêtes fréquentes anglais :1-200, -1k, -2k, -3k, -4k, -5k, -7k, -10k, -20k, -40k, -100k, -200k, -500k, -1000k,
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