The owner of the bank "Forum" will return Germany to more than $ 20 billion in debt

The second largest bank of Germany - Commerzbank - announced his intention to repay by June the Government in the amount of 14.3 billion euros ($ 20.4 billion). Thus, Commerzbank intends to significantly reduce their dependence on government support has been provided to him in the midst of financial crisis, reports the Financial Times. The second largest bank in Germany, plans to raise 8.25 billion euros from investors through the placement of derivative securities - bonds with a mandatory exchange of shares. They will fly by private shareholders, their production should begin as early as Wednesday. The German Government also intends to convert part of the hybrid capital allocated to the bank at the height of the financial crisis in 2009, into equity. Thus, its share in the bank will remain at 25% plus 1 share. In general, private placement and refinancing will allow the government to return 11 billion euros of state hybrid capital, known as a "silent participation". Commerzbank said it would pay the remaining 3.27 billion euros of government debt from the additional regulatory capital. Materials: Sheets, Blogberg.ru