Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
Cyprus–Denmark relations between Cyprus and Denmark on 27 April 1963. In May 1981, Cyprus and Denmark signed a tax treaty. Cypriot President Glafcos Clerides visited Denmark in June 2002, to hold talks on Cyprus' EU accession, the Cyprus dispute and the bilateral relations between Cyprus and Denmark. In August 2006, Danish Prime Minister Anders Fogh Rasmussen visited the United Nations Buffer Zone in Cyprus. Cyprus–Denmark relations Cyprus–Denmark relations refers to the current and historical relations between Cyprus and Denmark. Cyprus has an embassy in Copenhagen. Denmark has an embassy in Nicosia. Diplomatic relations were established on 2 November 1960. Both countries are