Liberbank looks at retail swap

13 Jun 2012

Spain’s Liberbank is seeking permission to buy back all its retail targeted subordinated debt at par. But the deal would come with a twist: bondholders would have to keep all the proceeds in a fixed term savings account at the bank for four years.

The savings bank group is seeking official sign-off on the offer, which would target 13 securities totalling almost €550m. Once they get that, they expect to offer bondholders two months to decide whether to participate.

The interest rate the bank will offer on the fixed term deposits has ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data