Interest rate of Capital Securities 2008 (CPBCS)
This announcement is sent for informational purposes and concerns investors who maintain an account at the Cyprus Stock Exchange and have Capital Securities 200 under the code CPBCS.
Further to the announcement dated September 14, 2012, Cyprus Popular Bank Public Co Ltd (the “Bank”) announces that, under the provisions of Term 5.3.6 of the Prospectus dated June 6, 2008 relating to Capital Securities issued in 2008 (CPBCS), the calculated interest rate for the period June 30, 2012 to September 29, 2012, for which the payment of interest was deferred, has been set at 2,15% .
Under the provisions of Term 5.3.7 of the Prospectus, the Bank will satisfy a Deferred Interest Payment only upon redemption of the Securities out of the proceeds of an issue of shares of the Bank. No interest shall apply on Deferred Interest Payments.
The interest rate for the period September 30, 2012 to December 30, 2012 is set at 1,72% .
The payment of interest is governed by the terms of the Decree for the Underwriting of the Rights Issue of the Cyprus Popular Bank Public Co Ltd (Κ.Δ.Π 182/2012), which prohibits the payment of any interest on securities that are not compatible with the requirements of the Central Bank of Cyprus.