Bankia mandates for Eu2bn IPO
Bankia, the savings bank grouping led by Caja Madrid and Bancaja, mandated Bank of America Merrill Lynch, Deutsche Bank, JP Morgan and UBS to lead its planned IPO.
As the situation stands, it will need to raise a minimum Eu1.8bn in the deal to meet Bank of Spain’s 8% capital requirement for listed banks.
However, it has already gone further than most in cleaning up its Eu340bn balance sheet, taking a Eu9.2bn charge in 2010.
But if ...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.
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.
