The document outlines an exchange offer for eligible holders to exchange their ECNs for new additional Tier One securities at a price consistent with current trading prices. The offer aims to eliminate uncertainty around the regulatory call right in the ECNs and meet the group's medium-term additional Tier One target. Key details include exchange ratios, expected security details, and conditions for the exchange offer.
doj/DataSet10/EFTA01453475.pdf
{"document_type":"financial","key_organizations":["LBG"],"reference_numbers":["US539439AG42"]}