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4 years ago
Spain's Bankia offers covered bond buyback of up to 750 mln eur
March 1, 2013 / 10:36 AM / 4 years ago

Spain's Bankia offers covered bond buyback of up to 750 mln eur

MADRID, March 1 (Reuters) - Rescued Spanish lender Bankia said on Friday it was offering to buy back up to 750 million euros ($980.5 million) of covered bonds.

The part-nationalised bank, which this week reported losses of 19.2 billion euros for 2012, said investors had until March 12 to take up the offer. Bankia, Deutsche Bank and JPMorgan are managing the offer.

$1 = 0.7649 euros Reporting by Clare Kane, Editing by Fiona Ortiz

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