BIL has advised that it has participated in the National Debt Exchange Offer

Posted: April 2, 2013 at 12:00 am

 

 
Barita Investments Limited (BIL) has advised that it has participated in the National Debt Exchange Offer and $6.4 billion
of the instruments in BIL`s investment portfolio was directly affected. BIL has further advised that based on its
calculations the expected impact on the company`s investment portfolio`s valuation, capital, liquidity and overall financial
status is a negative 4% or $260 million. BIL has advised that the impact does not indicate that it will not be able to meet
its regulatory capital requirements.

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