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(From Hugin)
Capital ratios brought back up to upper end of new market levels through the issue of 150 million in preference shares to institutional and private investors
Van Lanschot issues 150 million in Tier I preference shares to institutional and private investors
Preference shares carry an annual coupon of 7.5%
Issue leads to a further strengthening of already strong solvency position
New capital increases the bank's Tier I ratio to 10.1% and its BIS total capital ratio to 12.9%
Van Lanschot aims for early implementation of FIRB approach under Basel II as from January 2010; this will have a substantial ...