La Caixa top stories

• Huge relief for Spanish banks after court reverses mortgage tax ruling

  

  Spanish banks were among the best performers in the debt and equity markets on Wednesday, after the country’s Supreme Court surprised market participants by reversing a ruling that would have meant that lenders were liable to pay stamp duty on mortgage loans.

  • 07 Nov 2018

• Banks pounce on calmer conditions for non-preferred funding

  CaixaBank and Commerzbank proved popular in the euro market this week, after timing their latest non-preferred senior debt sales to perfection.

  • 18 Oct 2018

• Caixa cashes MREL in amid stronger market tone

  CaixaBank proved popular this week on its return to the non-preferred senior bond market, raising €1bn and welcoming more than two times as many orders.

  • 17 Oct 2018

• EDP, Schiphol and ALD swell green bond volumes

  One of Europe’s major electricity producers, Portugal’s EDP, sold its first green bond on Tuesday, aligning its fundraising with the company’s green principles. Meanwhile, Dutch airport owner and operator Royal Schiphol Group announced plans for its debut green bond. Both followed French vehicle leasing company ALD’s inaugural green bond.

  • 11 Oct 2018

• EDP joins the green party

  One of Europe’s major electricity producers, Portugal’s EDP sold its first green bond on Tuesday, aligning its fundraising with the company’s green principles.

  • 09 Oct 2018

• Abengoa at it again: one more refinancing

  Abengoa, the Spanish renewable energy group, is seeking to convince its investors to engage in yet another rescue plan, which includes debt swaps with no cash coupons and new convertible bonds.

  • 01 Oct 2018

• El Corte cuts short hopes for Spanish corp bond listing fiesta

  Spain’s largest department store group, El Corte Inglés, picked a busy week to roadshow its first rated issue. But its bonds will be listed in Dublin, despite efforts from the Spanish financial regulator to force a domestic bond listing in Madrid.

  • 24 Sep 2018

• Spanish issuers head home after market regulator sharpens its act

  The Spanish market securities regulator overhauled some of its listing procedures at the end of 2017 in an effort to make the country a more attractive place for debt issuance. Its actions are already starting to bear fruit, as Spanish banks and companies show a much greater appetite for registering their bonds on home turf.

  • 20 Sep 2018

• Aldesa, Nexi out with high yield refis

  Despite expectations of a slowdown in the pace of issuance in the European high yield market, two borrowers brought €2.9bn of new bonds this week. Both issuers, Spanish construction firm Aldesa and Italian banking payments group Nexi, marketed refinancing deals.

  • 01 May 2018

• Iberdrola forced to sell second green hybrid at bargain yield

  Spanish utility Iberdrola had significant success with its debut green hybrid bond in November when it received €3.2bn of orders. However, its second such bond failed to tighten from initial price thoughts when it was issued this week.

  • 22 Mar 2018