Bank Audi to offer new preferred shares for $250 million.

Bank Audi will issue 2.5 million preferred shares for $250 million. The price of the shares has been set at $100, with a nominal value of LL1,656.

Approved by Audi's shareholders, the issue will increase the bank's capital from $2.75 million to $446.1 million. The value of the increase is equivalent to the total nominal value of the shares. The remaining $247.3 million consists of the issue premium.

The issue's net proceeds will be used for general funding purposes, including b...

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