KBC Group SA/NV (GB:0EYG) has released an update.
KBC Group NV has announced a cash tender offer for up to €750 million of its Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Callable Securities, with the possibility of accepting less. The offer is contingent on several conditions outlined in the Tender Offer Memorandum and may be adjusted at KBC’s discretion. Security holders are advised to review the Tender Offer Memorandum for details and consult their financial intermediaries for specific instructions and deadlines.
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