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The Daily Capital Markets Digest
Real money, hedge fund and equity investors are expected to be the big players in Bank of Ireland’s remarketing of its state-owned preference shares – an exercise that will provide the bank with capital until 2016, by which time it expects to have fully recovered.
(Reuters) - A group of leading European and American banks will be fined a record €1.7bn by the European Commission for the rigging of interest-rate benchmarks, a source familiar with the matter told Reuters on Wednesday.
European banks have turned to hedge funds to help them raise deeply subordinated hybrid capital in 2013, but the high risk nature of the asset class and potentially higher rates could pose problems further down the line.
Luxembourg-based cable and telecommunications company Altice is contemplating going public next year, according to market sources, as it looks for new sources of financing to fuel its global expansion.
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Thursday from the IFR Bank Capital Conference in London
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