Monday, 1 July 2013
ALTERNATE RESPONSE
A substitute response; an intentional substantive variation to a basic provision or clause of a solicitation by avendor.
ADVERTISE
ADVERTISE
To make a public announcement of the intention to purchase goods, services or construction with the intention of increasing the response and enlarging the competition. The announcement must conformto the legal requirements imposed by established laws,rules, policies and procedures to inform the public.
To make a public announcement of the intention to purchase goods, services or construction with the intention of increasing the response and enlarging the competition. The announcement must conformto the legal requirements imposed by established laws,rules, policies and procedures to inform the public.
ADDENDUM
ADDENDUM
An addition or supplement to a document; e.g., items or information added to a procurement document.
An addition or supplement to a document; e.g., items or information added to a procurement document.
ACQUISITION
ACQUISITION
The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. Includes the establishment of needs, description of requirements, selection of procurement method, selection of sources,solicitation of procurement, solicitation for offers, award of contract, financing, contraction administration, and related functions.
The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent, or lease. Includes the establishment of needs, description of requirements, selection of procurement method, selection of sources,solicitation of procurement, solicitation for offers, award of contract, financing, contraction administration, and related functions.
ACCEPTANCE
ACCEPTANCE
The act of accepting by an authorized representative; anindication of a willingness to pay; the assumption of a legal obligation by a party tothe terms and conditions of acontract.
The act of accepting by an authorized representative; anindication of a willingness to pay; the assumption of a legal obligation by a party tothe terms and conditions of acontract.
Tuesday, 25 June 2013
Greece's Piraeus Bank tops minimum recap target in rights issue
Greece's Piraeus Bank will raise more than 19.5 percent of the funds it needs to plug a 7.33 billion euro capital hole from private investors in a rights offering that ends later on Tuesday, a senior bank official told Reuters.
Piraeus is the third major Greek lender, after Alpha and National Bank, to raise at least 10 percent of its common equity issue from private investors, a requirement under a recapitalization program forbanks to stay privately run.
"Private sector take-up willbe more than 19.5 percent,near 20 percent," said a senior banker at Piraeus who declined to be named. Meeting the minimum threshold meansPiraeus will not need to resort to issuing costly contingent convertible bonds, or CoCos.
Piraeus is the third major Greek lender, after Alpha and National Bank, to raise at least 10 percent of its common equity issue from private investors, a requirement under a recapitalization program forbanks to stay privately run.
"Private sector take-up willbe more than 19.5 percent,near 20 percent," said a senior banker at Piraeus who declined to be named. Meeting the minimum threshold meansPiraeus will not need to resort to issuing costly contingent convertible bonds, or CoCos.
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