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CAIXY Caixabank (PK)

1.86
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Caixabank (PK) USOTC:CAIXY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 1.86 1.70 1.90 0.00 12:15:28

CaixaBank Issues $800 Million in Convertible Stock

02/03/2023 8:18am

Dow Jones News


Caixabank (PK) (USOTC:CAIXY)
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By Ed Frankl

 

CaixaBank SA said late Wednesday that it has launched its fifth issue of convertible preference shares for 750 million euros ($800.3 million).

The Spanish bank received demand of EUR2.5 billion, allowing the coupon to reduce by 37.5 basis points to a coupon rate of 8.25%, it said.

The bonds are perpetual, with the possibility of early redemption from March 2029, the bank said.

The issuance, CaixaBank's third debt issue in 2023, strengthens its solvency ratio to 15.1% for Tier 1 capital, it added.

 

Write to Ed Frankl at edward.frankl@wsj.com

 

(END) Dow Jones Newswires

March 02, 2023 03:03 ET (08:03 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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