Credit risk of EU state-backed loans deteriorated in Q3 Print this page
State-guaranteed loans in the European Economic Area (EEA) originated in the wake of the Covid pandemic are getting creakier.
Data from the European Banking Authority (EBA) shows that of the near €300 billion ($365 billion) loans covered by public guarantee schemes (PGS) held by lenders as of end-September, 4.9% were designated ‘stage two’ under IFRS 9 accounting rules, meaning they’d deteriorated in creditworthiness since initial recognition. This is an increase from 3.1% at end-June.
Of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
Wipro s share buyback set to open on Dec 29 ANI | Updated: Dec 24, 2020 18:11 IST
It will be available till January 11 and the last date for settlement of bids is January 20. A floor price of Rs 400 per equity share is set which is currently at a premium compared to the market price.
In its letter of offer, Wipro said members of the promoter and promoter group have expressed their intention to participate in the buyback and may tender up to an aggregate maximum number of 414 crore equity shares or such lower number of shares in accordance with the rules.
At present, the promoter and promoter group hold 422 crore equity shares or 74.01 per cent of equity shares in the company s total outstanding equity share capital.