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The Asian Infrastructure Investment Bank, with 70 emerging countries as members, has subscribed capital of $100 billion to sponsor projects in Asia and Africa.
No Federalreserve bank shall commence business with a subscribed capital less than $4,000,000.
The bank's members approved on Sunday an $86.2 billion general capital increase, bringing the bank's total subscribed capital, not counting about $26 billion in reserves, to $276.1 billion.
Stock, in finance, the subscribed capital of a corporation or limited-liability company, usually divided into shares and represented by transferable certificates.
Approximately one-tenth of the subscribed capital is paid directly to the bank, with the remainder subject to call if required to meet obligations.
Created in 1958 under the Treaty of Rome, the bank has evolved into an international financial player on the strength of its ability to borrow very cheaply and its willingness to make long-term loans at low rates for capital projects, backed by 163 billion euros ($201 billion) in subscribed capital from its member nations and its freedom from the need to return a profit to shareholders.
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I think, what happens is, people think of a purpose of something they want to achieve, and then they think, how can I use our financial technology to incentivize people to subscribe capital to this project or to give their personal attention to this project?
The majority report also took a dim view of the exemptions from the province's railway legislation that were built into the A&GW's charter: unlike the province's other railways, the A&GW was not required to have directors resident in Alberta and was exempt from the requirement that railway companies not commence business until 25% of their capital was subscribed and 10% paid up.
In October 1989 the group's stake in Maison Bouygues was diluted from 48% to 34% when it did not subscribe for a capital increase.
The state's investment may take the form of an equity stake, and existing shareholders will be expected to have the right to subscribe for new capital on the same terms as the government.
We respect their desire not to subscribe to the capital increase just now but there are another 18 months for them to make a final decision," Morchio was quoted as saying.
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