Ibercaja in the frame as Caixa Galicia prices, after government guarantee extension
Caja de Ahorros y Monte de Piedad de Zaragoza Aragón y Rioja (Ibercaja) is thought to be next in line among Spanish banks to take advantage of the extension of the government guarantee scheme maturity limit to five years.
It would become the fourth issuer to sell a five year bond in the last week, following on the heels of Caja de Ahorros de Galicia (Caixa Galicia), which priced a Eu1.125bn five year government guaranteed bond at 32bp over mid-swaps on Monday.
"This is as tight as pricing
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.