CaixaBank pays up for senior to avoid encumbrance
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
FIG

CaixaBank pays up for senior to avoid encumbrance

CaixaBank, which printed a €1bn 3.5 year bond on Monday, opted for the senior unsecured format — paying a large new issue premium — to refinance a maturing covered bond rather than rolling over the covered debt because it did not want to tie up collateral, EuroWeek understands. Elsewhere, Santander Consumer Finance brought a €1bn April 2015 bond on Tuesday.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article