South African biggest retail bank Absa Bank Ltd will place between 1-2 billion rand in preference shares to maintain its Tier I capital base, the bank said on Tuesday.
Absa Bank, a unit of Absa Group Ltd majority owned by Britain's Barclays Plc., said it intended to place the preference shares to selected investors at an effective 74 percent of prime interest rate.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment